- Accessory Transit Company
The Accessory Transit Company was a company set up by
Cornelius Vanderbiltand others during the California Gold Rushin the 1850s, to transport would-be prospectors from the east coast of the United Statesto the west coast.
At the time, an overland journey across the US was an arduous undertaking and could last many weeks. The Accessory Transit Company instead took passengers by steamer from
New Yorkto San Juan del Norteon the Caribbeanor Mosquito Coastof Nicaragua. From there, they travelled up the Rio San Juan to Lake Nicaragua, crossing the lake to the town of Rivas. A stagecoachthen crossed the narrow isthmusto San Juan del Sur, where another steamer travelled to San Francisco.
The ATC provided the cheapest route to California from the east coast, and was soon carrying 2,000 passengers a month at a fare of $300 each, later reduced to $150. The wealth generated by the route attracted efforts to take it over, and in 1854 the
US Navybombarded San Juan del Norte in response to demands from the town authorities that the company vacate their premises immediately.
In 1855, the filibuster William Walker installed himself as
President of Nicaragua, taking over the ATC's assets in the country in the process; he was ousted in 1857 by forces backed by Vanderbilt. Having regained control of the ATC, Vanderbilt approached the Pacific Mail Steamship Companyand the United States Mail Steamship Company[http://www.trainweb.org/panama/mail.html] , which operated routes across Panama, and offered to stop running the Nicaragua route in return for a $40,000 monthly stipend. The companies accepted this offer, and a year later increased the stipend to $56,000 when Vanderbilt threatened to reopen the Transit line, but the ATC did not run again.
Vanderbilt's original contract with the Nicaraguan government allowing him to operate the ATC also gave him exclusive rights to construct a
Nicaragua Canaluntil 1861. In the event, political instabilities in Nicaragua as well as its frequent volcanic eruptions conspired to make Panama a more attractive location for a trans- Central American canal.
Wikimedia Foundation. 2010.
Look at other dictionaries:
Cornelius Vanderbilt — For other people named Cornelius Vanderbilt, see Cornelius Vanderbilt (disambiguation). Cornelius Vanderbilt … Wikipedia
William Walker (soldier) — Infobox President | name=William Walker order=6th President of the Republic of Nicaragua term start=July 12, 1856 term end=May 1, 1857 vicepresident= predecessor=Patricio Rivas successor=Junta birth date=May 8, 1824 birth place=Nashville,… … Wikipedia
Enrique Gottel — Infobox Writer name = Enrique Gottel imagesize = 150px birthdate = 1831 birthplace = Danzig, Germany deathdate = January 11, 1875 deathplace = Managua, Nicaragua occupation = Journalist, music composer, historian nationality = German, Nicaraguan… … Wikipedia
San Juan de Nicaragua — San Juan de Nicaragua, formerly known as San Juan del Norte and known in English as Greytown, is a town and municipality in the Río San Juan department of Nicaragua.GeographyGreytown lies on Nicaragua s Caribbean coast just to the south of the… … Wikipedia
Walker, William — born May 8, 1824, Nashville, Tenn., U.S. died Sept. 12, 1860, Trujillo, Hond. U.S. military adventurer. He moved to California (1850), where his interest in colonizing Baja California developed into a filibustering (insurrection) scheme. He… … Universalium
San Juan de Nicaragua — 10.916666666667 83.72 Koordinaten: 10° 55′ N, 83° 42′ W San Juan de Nicaragua … Deutsch Wikipedia
San Juan del Norte — 10.916666666667 83.72Koordinaten: 10° 55′ N, 83° 42′ W … Deutsch Wikipedia
Vanderbilt, Cornelius — born May 27, 1794, Port Richmond, Staten Island, N.Y., U.S. died Jan. 4, 1877, New York, N.Y. U.S. shipping and railroad magnate. He began a passenger ferry business in New York harbour in 1810 with one boat; he added several others during the… … Universalium
William Walker (Söldner) — William Walker William Walker (* 8. Mai 1824 in Nashville, Tennessee; † 12. September 1860 in Trujillo, Honduras) war ein US amerikanischer Arzt, Anwalt, Journalist, Abenteurer und Söldner, der Mitte des 19. Jahrhunderts ve … Deutsch Wikipedia
Nicaragua Canal — This article documents the historical inter oceanic canal, not to be confused with the current Ecocanal project under construction. For the current dry canal project, see Ecocanal. Artist s conception of the proposed canal, 1899 The Inter Oceanic … Wikipedia