At the same time the charters of the companies were revoked, three
commissioners, D. Cleto Mayorga, E. J. C. Kewen, and George F. Alden,
were appointed to ascertain the amount due from the Canal Company to the
State; and for this purpose they were ordered by the decree to notify
the agents of the companies to appear before them forthwith. They were
also commanded to cause all the property of the companies to be seized
and held by responsible persons, subject to the order of the Board.
Ignorant and prejudiced people have said the property of the companies
was confiscated; but this is untrue. The seizure was in the language
of the civil law prevailing in Nicaragua, a provisional one for the
purpose of securing the payment of the debt due from the company to
the government. And, in order to preserve the property, it was in the
meantime placed in the hands of persons giving the necessary bonds. Nor
was the condition that the property be forthcoming when called for by the
Board of Commissioners the sole agreement of the undertakers on the bond.
In order that the transit of passengers might not be interrupted, they
were required to transport the passengers who might arrive on the sides
of the Atlantic and Pacific oceans, the expenses of such transportation
to be charged against the companies.
After the decree of revocation was drawn up in English, Walker broached
the subject to the Provisional President, and to D. Fermin Ferrer, then
acting as Minister General; and neither of them made any objections
to the measure. In fact, there was a general prejudice on the part of
the Nicaraguans against the Accessory Transit Company, because of the
arrogant tone it had used on all occasions toward the authorities of the
Republic. As collector of customs at San Carlos, D. Patricio Rivas had
frequent opportunities to observe the haughty and overbearing character
of the company, and he was gratified at the proposal to take away its
privileges. Accordingly, the decree was translated from English into
Spanish by Walker, the minister correcting the language of the rough
translation. The President signed the decree, not only without hesitation
but with undisguised pleasure.
Public-domain text, read in full here on John Shaqi.
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