THE DARIEN CANAL SCHEME.

Hawke's Bay Herald, Volume XXI, Issue 5447, 30 July 1879, Page 3

THE DARIEN CANAL SCHEME.

News from Paris to July 6th states that M. Lesseps" hsfs signed a treaty giving him the concession of the Isthmus granted % the TJnited States of Columbia. This £ropdsed edrniJikiy will be immediately constituted with a capital of 40,000,000 francs. In a Jon S conversation; M. Lesaeps repudiated all intervention on the part of any Government, but wore such intended he fully recognised that the United States was entitled to exeroise & large 1 and important influence in the Management of the flartal. He! contended that the enterprise had rip cliaraefcer df dny special riatidpality, but. •was. a purely" private speculation, though universal in its utility. Paris is silently accepted as the centre of operations, merely because the French laws are severe, and offer greater security to shareholders On accoiint of the greater ddntrol of tile State dyer the administrators of the funds of public companies. M. Lesseps proposes to offer to give General Grant the position df hdnorary President of the company. Two million franc's were subscribed in Paris on the first call for the' banal stock. . . /

M. de Lesseps, in a lecture at Amiens, stated that the first sod of the canal would be turned on July Ist, ISSHJ ; and thai with 40,000 navvies, including some Chinese, and 15,000 Brazilian negroes, the work should be completed in, eight years. 'THe.New York- papers declare that the United Sta£os will never p'erniit European States to acquire any control over tHe canal, and will enforce its will against European powers.