The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1842-06-07
Our Relations with England-state OF the
Country.

Country.
All our foreign and domestic affairs al the present
time appear to be going on prospecting and to pros
per.
It's highly probable that our relations with Eng
land will soon be on the most friendly and desirable
footing 1t appears from certain circumstances thai
the negotiations which Lord Ashburton was spc
cially deputed to effect are likely soon to have a
favorable termination. What has precisely been
done in the premises il impossible 10 say exactly
but it will be remembered that Lord Ashburton
hired the house he has occupied, of Mr.. ST. Clair
Clarke, for three months, with the privilege OF re-
newing il for another three months the time has
nearly expired, and no renewal has been asked for
This is one of the favorable circumstances indica
ting edy settlement. Another is that the War
spite which had been ordered here 10 wait for his
Lordsh!p has arrived in harbor, and holds her
self in readiness to carry home the minister at any
hour.
From these and other circumstances there can be
but little doubt that the negotiations will terminate
most cfavoraby, in few weeks. The States of
Maine and Massachusetts, have appointed delegates
TO 90 on to Washington with full powers to treat
for final disposition Of the Boundary Question,
and this long talked Of troublesome affair, will
doubtless be set al rest for ever during the present
month, II is difficult to say how will be disposed
of but there is little doubt it will be settled on some
equity principle England will retain possession OF
large part of the Disputed Territory, and pay fer
il with some other territory or the night 10 the free
navigation of the ST. Johns, or the St. Lawrence,
or in some other equitable manner, all shall agree
upon The resul, of this question is looked on
a matter OF more interest in Canada and Maine,
than it is by either of the two General Govern
ments
The cases of the Caroline and Creole can be east
" settled when once the Maine Boundary is dis
posed of. In regard to the Creole ii is not likely
that the British Government will admit the principle
for which our authorities have held out, and we
shall have to concede that point Because, at the
time Great Britain paid the last compensation for
slaves left at Bermuda il distinctly stated that
Hnder the laws about 10 come into operation, tina;
was the last time she would ever recognize such
claim and that declaration was 10 be considered
final,
The case the Caroline is mere bagatelle in
pecuniary point Of view, and speedy and amcable
adjustment Of that question can easily be effected
The questi on OF the Right OF Search we consider
So already settled the backing out Of France from
participation in the treaty. has for time al
least, Sc, that whole matter at rest; and we NAV
rest satisfied that the British will not even attempt
10 make any more seizures Of our vessels on the
coast OF Africa.
The adjustment OF the boundary in the Oregon
Territory, we presume. will be postponed 10 some
distant day. In the present state Of that region, 1t
lie not worth quanelling about.
In the meantime several financiers have arrived
hare from England, who intend, after all these
various questions ara amicably arranged TO see II
they cannot induce some Of those States who have
repadiated their debts TO take some measures TO-
wards present or prospective liquidation of the
claims which persons in England have against them.
But although the country is at presen, IN very
prosperous state, our crops are heavy, cotton and
corn a5uniant, and every prospect ahead seems
bright and smiling ,hiswill be most difficult nego-
tiation TO effect, For the fact is, that since the
Bankrupt Law has come into operation, private
reputation has become general, and so iasnona
be tina, i, is not likely the bankrupt States will DC
ANYTHING towards retracing their steps. Abroad,
from 5000 to 10000 persons have declared them
selves bankr,p.s, and repudiated all their debts
showing the tremendous reaction in the currency
system. and every thing connected with the banking
and financial operations Of the country. Wha
these nanciers exactly wish 10 achieve, it ls little
difficult to tell but this tell them, for the
special information, TO start with, that the money
which was obtained from England has all beer
sqrandsred in idle s2eculations and extravaganza
never to be recovered
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