30 AUGUST 1879, Page 2

It is telegraphed by the Tillb88' correspondent at Philadelphia that

General Grant has consented to take the chairmanship of the company for " suppressing " the isthmus of Panama—to use the phrase first applied to M. Lesseps—by-carrying out the Nicaraguan ship-canaL If General, Grant accepts-this poet, and Nicaragua makes the requisite' concession, we suspect the canal will be made. General Grant has at least shown a great capacity for adequately measuring the means requisite to accomplish great ends, and for finding those means, even- when they are somewhat costly. It is added that he has no intention of com- peting for the Presidency. We suppose, in that matter, he will take whatever democratic destiny may choose to confer ; but, in the meantime, we, believe- he would be doing more for his fame by coupling his name with this great pacific enterprise, than by attempting once more,—what he has gained himself no public credit by attempting twice before,—to govern a people who can hardly be well governed except by groat political sagacity, combined,with a rare power of making that sagacity felt.