Note XXXIII-10 — Chapter XXXIII · COMMERCE AND FINANCE. 1801-1887.
Reading edition
In 1858 the Nic. govt confiscated the company's property, and the next year made the transit free to all nations. However, under a subsequent arrangement between it and the original Transit co., under the name of Cent. American Transit Co., ratified in March 1861, the latter agreed to reopen the route; but failing to do it within the required time, the govt seized all the property, as agreed in the contract. The matter was settled in diplomatic correspond. with the U. S. govt in 1863. Rocha, Cód. Nic., ii. 133-4, 141-2; Nic., Dec. y Acuerdos, 1857-8, 44-5; 1859, ii. 78-9; Id., Gaceta, Jan. 16, 1864. The company renewed its operations, and continued them until annihilated by the overland railway to S. F., in 1869. Lévy, Nic., 434.