Passenger and freight houses and light re

pair shops at Ventosa and Minatitlan... Wood and water stations...

Clearing, grading, bridging, and preparation of roadbed complete, from Minatitlan to Ventosa, 162 miles...

For one mile of superstructure I estimate. as follows. (Iron imported free of duty). 172 miles of track including 10 miles of turnouts complete...

120,000

18,000

5,948,000

8,500

1,462,000

108,000

12,000

120 freight cars, open and box.... 900.. 35 repair cars of all kinds......

This equipment will suffice to open the road with a capacity for 100,000 passengers, and 100,000 tons of freight yearly: Of course this item will undergo a constant and steady increase to meet the requirements of the trade.

Recapitulation of cost of opening passenger and freight traffic from the Gulf of Mexico to the Pacific Ocean.

Auxiliary wagon road, Minatitlan to Ven

Jaltepec or Hargousana becomes a proper point for the great machine shops of the company; although not in the centre of the road when complete, it is within the ordinary days run of an engine to Ventosa, and the river from Minatitlan will always be used more or less as far as this point, and, if the enterprise is destined to work any permanent benefit to the Isthmus, it must be looked for through the building up of a trading centre, accessible in all directions by the limited means at command of the natives. Such a point is the neighborhood of Suchil, and the establishment of the machine shops of the company at this point, will inure to the mutual benefit of the road, and the local traffic which no other point could promise.

The passage from Minatitlan by train to Ventosa may be estimated at eight hours.

It is a difficult matter to estimate the progressive increase in travel growing out of increased facilities for its accommodation.

It is not likely that the travel the first year would form any standard of comparison for what would inevitably follow. All great improvments, even when projected on established lines of travel, shows this.

If the advantages of a far more healthy and salubrious climate, a saving of 1,700 miles of sea voyage, commodious harbors on either side, increased economy of transportation, freedom from taxation, and the enormous impulse which the development of the China trade will give to the shorter routes of travel across the continent, fail to give your road an income equal at least to that of the Panama railroad, the result will falsify all the predictions which are legitimately deducible from the experience of existing lines of travel. Respectfully submitted,

JULIUS W. ADAMS,

Engineer.

Bond of the Tehuantepec Railway Co. given to the Republic of Mexico, pursuant to Article 16th of the grant.

BOND.

Know all men by these presents :

That we, the Tehuantepec Railway Company as principal, and Marshall O. Roberts as surety, are jointly and severally held and firmly bound unto the Republic of Mexico in the penal sum of one hundred thousand dollars [100,000] of the coined money of Mexico, to be paid to the said Republic at the National Treasury in the city of Mexico; to which payment well and truly to be made, we bind ourselves, our successors, and representatives firmly by these presents.

Sealed with our seals, and dated the eighteenth day of February, in the year of our Lord one thousand eight hundred and sixty-nine.

Whereas, the Government of Mexico, on the sixth day of October, A. D., one thousand eight hundred and sixty-seven, granted authority to a company to be formed by Don Emilio La Sère to open interoceanic communication across the Isthmus of Tehuantepec, upon certain conditions and with certain rights expressed in the grant to which reference is to be had, which grant was modified and confirmed by the Congress of Mexico, the 29th day of December, 1868, and on the 2d day of January, 1869, was ordered by the Constitutional President of Mexico to be printed, published, circulated, and observed, and which was duly printed and published in the Diario Official of the Supreme Government of the Republic of Mexico, on the 4th day of January, 1869, and,

Whereas, the said La Sère, in pursuance of the said grant, has formed a company which has procured from the General Assembly of the State of Vermont the

establishment of its incorporation, which company is established and organized in such manner as to fulfil all the requirements of the said grant.

Now then, the condition of this obligation is such, that if the company shall, within eighteen months from the 2d day of January, 1869, as specified in the said grant, comply with its obligations to present plans and to commence and finish the construction of the roads. and telegraph line mentioned in the said grant, and according to the terms thereof, and if the said company shall, within the said specified periods, comply with its obligations as mentioned in Article sixteen of the said grant, and according to the terms thereof, then this obligation shall be void, otherwise it shall continue. in full force.

UNITED STATES OF AMERICA.

STATE, CITY AND COUNTY OF NEW YORK.

On the eighteenth day of February, A. D., one thousand eight hundred and sixty-nine, before me, Henry Stanton, a notary públic, duly commissioned and sworn in and for the city and county of New York, personally came Peter A. Hargous, to me known to be the Secretary of the Tehuantepec Railway Company, with whom I am personally acquainted, who, being by me duly sworn, said that he resided in the city and county of New York, in the State of New York, in the United States of America; that he was Secretary of the said Tehuantepec Railway Company; that he knew the common seal of the said company;

that the seal affixed to the foregoing instrument was such common seal; that it was so affixed by order of the Board of Directors of the said company, and that he signed his name thereto by the like order as Secretary of the said company:

And the said Peter A. Hargous further said, that he was acquainted with Simon Stevens, and knew him to be the President of said company; that the signature of the said Simon Stevens subscribed to the said instrument was in the genuine handwriting of the said Simon Stevens, and was thereto subscribed by the like order of the said Board of Directors, and in the presence of him, the said Peter A. Hargous.

And, also, on the day and year aforesaid, before me personally, came Simon Stevens, to me known to be the President of the Tehuantepec Railway Company, with whom I am personally acquainted, who, being by me duly sworn, said that he resided in the city and county of New York, in the State of New York, in the United States of America; that he was President of the said Tehuantepec Railway Company; that he knew the common seal of the said company; that the seal affixed to the foregoing instrument was such common seal; that it was so affixed by order of the Board of Directors of the said company, and hẹ signed his name thereto by the like order as President of the said company.

And, also, on the day and year aforesaid, personally came Marshall O. Roberts, to me known to be one of the individuals described in and who executed the foregoing instrument as surety, and acknowledged that he executed the same as and for the purposes therein mentioned.

In witness whereof, I have hereunto set my hand and affixed my official seal the day and year

[SEAL.] last above written.

HENRY STANTON,

Notary Public in and for the City

and County of New York.