The Sun.
London, England, 1853-06-23 00:00:00

AMERICAN AFFAIRS.

The commercial intelligence from New York by the
Atlantic, describes a slight increase of buoyancy in the
money market, while at the same time the remittances
•f specie to England are likely to continue, the amount
on the present occasion being 61,0001. The draughts
from China on London upon American account, caused
by the boarding and high rate of interest in that coun-
try, will render these supplies more necessary. In the
import trade there was undiminished activity, and the
arrivals of manufactured goods continued to be greatly
in excess of those at the corresponding period of last
year. The papers contain accounts of gold discoveries
in Arkansas (one of the repudiating States of the
Union), and give the usual reports of the prevalence
of great excitement on the subject, of which, pro-
bably, in a few weeks nothing more will be heard.
Accounts from California are steadily favourable,
and as free from any remarkable discoveries or failures
as if the staple production of the State were cot-
ton or corn instead of gold. The general prosperity of
the miners is said, however, to be greater than at any
previous period, while the field for new-comers is still
believed to be inexhaustible. The shipments of gold
from San Francisco during the first fortnight in May
had been 600,0001., exclusive of the amounts privately
taken by passengers. With regard to the boundary dis-
pute with Mexico, known as the Mesilla Valley question
nothing further had transpired, but the tone of the go-
vernment organs at Washington was alleged by their
opponent 3 to indicate a strong probability that, upon
this or some other point, difficulties between the two
countries will be protracted. One writer at Washington
gives the following particulars, gathered from recent ad-
vices, regarding the general progress of affairs under
Santa Anna, and adds his views as to the policy of the
present American Cabinet, which seems to be to absorb
the country quietly, if it can be had in that manner, by
paying for it :
" Mr. Jacques, one of the partners in the English bank-
ing-house in Mexico that advanced the sum of 400,000
dols. to the Mexican Government on behalf of the Sloo
Tehuantepec Company, and upon the pledge of the con-
tract itself, has arrived in New Orleans, and is on his
way to this city and New York, on business connected
with that groat contract. The funds for carrying the con-
tract into effect will not be advanced by Mexican capi.
talists, nor by the Mexican Government, and they have
not yet been raised in the United States. It is now said
that an effort is about to be made to raise the necessary
funds in England. I learn, through private letters from
Mexico,;-that President Santa Anna, has secured the cab-
Cruz and Havre, throughst
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ragement to every feasible enterprise of internal im-
provement—to railroads and other projects. These sub-
jects he has taken hold of with great zeal and spirit, show-
ing a just appreciation of the capabilities of Mexico, and
of the necessity for their development. lam confident
that the present Administration intend to give Santa
Anna a fair chance to arrange all difficulties with the
United States on terms beneficial to Mexico. He will have
before him the alternative of peace, and commerce, and
prosperity, and his boasted ' nationality' on one side, and
war, embarrassment, destruction, and final denationalisa-
tion on the other. Our Government will insist upon the
possession of-the Mesilla Valley, for the Democratic Con-
gress has already decided that matter, but they will pay
Mexico a good round sum for an alteration of the boundary
line, so as to give' us a relate to the Pacific through Chi-
huahua and Sonora, and for an exemption from the obliga-
tion of the 11th article of the Treaty of Guadaloupe, and
for the Tehuantepec transit."