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Show l.M.MMI IMl'IMi: OX Tilt AMIIM'!". (OMIMNT. Till in. la a poMlblllty that l.ngland may, lu tho near future, olUlu n foothold ou the Amerkin Continent, from which alio rail nover be dislodged. This development la likely to comu about In a peculiar way. In 1833 the Mamllmo Canal company com-pany of Nlcirsgua ind Cuata Itlca waa lucorKrated by act of Congnae, with a capital of J1(W,(W.),0). The object ob-ject of thiacorwratlou waa to connect Ibe Allantlo md I'm lllo by meani of a ahlp i anal. Hurveji weremadeand workLommiucod aUut tHoyeinago. The length of tbe com) leted route will bu aUut 109 nillea, 149 of vihlcliaro already more or lua free navlKatlon. There are but 9 lullta of actual t xca vitlou. When UiUcomi any uia orgouliod ltuiaeicUdtlmtlbe United hlilea goveruiueut would guaraulee lta bondi Thla Ihe government haa reiliieil to do tid Ihe financial outlook for Ihe Canal Comi-iuy ladlecouriglog. Cipllallat" re not eaubennt In their endorse-. menU of canala. Willi Ihe fact la-fore their eyea lint A0,(bi10 hive la-en Mutely thrown away oo the Panama chrme, It U little wonder thlt ci) IUl ahoullbeatrlfleUiirouragod.Ofcoune, Iflherowia a government guinnlee for Ibe lionda, they coull be dittoed vf it r vilue and at low Interett, but now they will nottell for 50 r cent, of their face value. The riral e.tlmate put the coat of the cinil it $10,000,000. Thli wiilnaiiffl. dent, ind the late-t eallnnle la I.S?,. OOi'.OOO. Thli nieins an laiue of Sltt, U0),000ofitockit0per cent, to build n $7,00d,rsl caml. l. tknilor Wirner Miller of New Vork la one of the chief rutnoten of tin cinil entarprlae. Hiring Kit A pill be md a parly of fileuJl made i protracted visit to the icem of the work. They were accompanied by II h Djmldaon, chief euglueer of tbe Maucbe.ter Hhlp Canal, (l.uglaud). lleniaJeanelal-oralo ml eihiuttlve report of the Nlcarigui enter) rise to hlaowu conitructlon Company. The Manoheaier canal la now com I leted, and all the pliut uie.1 In (hit great work le ready to be trans portal to another scene. Tbe coiupiny which built tint caml haa million! bo bind It. On lta engineer's rcrt It Is prepared to Uilll the canal, requiring only the commercial tai on shilling, when Ihe work la com lolcd, aa Id security for the Investment. It la alrnltted on all ildea thlt thla tax will be sufficient to ny hand omelnterut on Iho f$7,000,O) required re-quired to build a dull. Hut it present, l.ngland er-ama to bo the only gentable and willing to carry out the work. l.ngland Is already Interested In Nicaragua. Tbo public debt of that republlo Is ilnut I,'M,(M1. This money wis ibtilned from l.ngllsh Unkars at 3 percent, l.ngland la aald to lai more familiar with the affairs of Central Amerlraii countries tlnu la any other forilgn government. Now, la It who for AmerUans to per mil this canal lobe built by l.uglinl? To California and Ihe whole Pacific coast thla work when corni leted would lie of locakutable value. It would place Ibi roducti 10,009 miles nearer the markets of the w orld. In a nation-al nation-al lenae the cinal woull be of Inte-tlmible Inte-tlmible value to Americana. It would render Irale between Iho Allan. tloand I'aclflo lndeien lent of trans continental railroad iuoiiojioIIhi. It would In many wiyi revolullonlie commerce. 1 n fact, It woull be onu of thegr.itisteuteri rises of the century. If I ngland bullda II, ahe will In time own II. Aslo the iroprlety of Ibe United HtiU government tiklng the iternl ty of II, that la a rattier that will admit ad-mit of debate. 1'irhajii the govern ment la lielng asked to throw Its shield over too many things that ought to lie left to private ontorprlfo. Ia there not capital and patriotism enough among thecitliens of Ihe United States to oo-compllsh oo-compllsh a purely American work? It la truo very little la known of Nicaragua Nicara-gua Cam), by Iho avenge American clllien, but we have uiwapipvrs nnd llllclim enough to discuss tin merits of the enler rise, anl to prevent our being caught napj Ing. |