Show THE NICARAGUA prospects for the accomplish ment of the nicaragua carial canal seems flattering at present A new york dispatch says that john W mackay henry M flager austin corbin and andrew Cir carnegie negle have become inter ested in the enterprise the pacific coast too toots is awaken awakening awa log to the advantages which would result from the completion of the work A few days agoa ago a state convention was held in san francisco for the purpose of fathering the scheme several hundred delegates were present represent ing all shades of political belief the chairman stated at full length the prospective bere benefits fits to the pacific coast by means of this canal it would save miles of water transportation and the tolls on lumber alone would pay the interest on the whole investment hopes are entertained that the bill now before congress will be earnestly considered this bill contemplates the guaranteeing of of the bonds of the company the government to hold of the in stock the necessity of building and controlling this thin canal with american money was also emphatically dwelt upon work is in in active progress last J year rear was expended the first mile of the actual canal has been dredged to a depth of seventeen feet and to a width the experience so far demonstrates demonstrate that excavation can be prosecuted very successfully banks do not slip in or break down and this to is a feature of the soil that efi engineers regard with great satisfaction the convention forwarded a memorial to congress exhorting that body to take due clue cognizance of thip the magnitude and importance of the canal project by it liverpool and san francisco fraacisco would be only twenty ore days apart in water waiter transportation it would form an effective to the continental railroads which now charge what rates traffic will beer bear resolutions were adopted in favor of calling a convention in st bouis in june next to consider the canal from a national point of view and also to discuss its possibilities from a military standard the general opinion of the convention was that the united states should exercise the same control over the nicaragua canal that england does over the suez canal |