Note 56 — Chapter III · OUTLINE OF NEGOTIATIONS IN RESPECT TO THE PROPOSED CANAL.

It is stated also that this ratification is coupled with certain arrangements to open a transit route, by means of small boats on the river San Juan and Lake Nicaragua, and by carriages from the lake to the Pacific, as was done by the extinguished “Accessory Transit Company.” So far as M. Belly has any practical object, it is probably this—to obtain the exclusive right for such a transit, or the concession of such privileges as will give a practical monopoly. This may easily be done, notwithstanding that Nicaragua has declared the transit “open and free.”