The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1848-03-06
Com NJ ERCIa / AFFAIRS.
MONEY MARKET.
Sunday, March St


The doubt and uncertainty that still exist relative
to the treaty and the contradictory statements daily
oeived from tho scat of government, keep the public
mind in condition. the stock market In
very unsettled state The ratification modification
rejection Of the treaty appears to be great mys
terry ever and the hopes and fears Of ell interested
are kept in continual state of activity. The pro-
ceilings Of the Senate In executive session. appear to
be nearly we'll known though the doors were open
TO the press pd It is very probable that change
VIII soon bS6de In The manner OF holding the sessions
whom such an important and public matter treaty
is under consideration The views and position of Sc
majors incorrectly gwen In consequences of the i'm
perfect of the nformation and the ne
rests Of spectators frequently advanced through
facts surrsptitiousy obtained through member;
while the masses those in legitimate branches
Of business compelled to remain partially ignorant
of the progress OF important matters subjected
to all the dangers and difficulties growing out Of opera
ting upon incorrect advices In most other matters,
secret sessions of little Importance to others than
Office holders and candidates for office but In like
this, there why they should not be consi
dered and acted upon in similar to ell other
public measures.
We have within the past week. seen some of the evils
arising from the secret session and there doubt
but that parties in Wall street have facilities reach
other class of operators Open doors would place all ON
par; and by making proper allowances for Senators
making speeches against the treaty, and voting It,
and vice Versd pretty correct opinion would be form
ed Of the probable result of their deliberations As it H.
another week may be consumed in debate, it having
been that several Senators had egnhsd their
Intention to speak upon the subject and another
of excitement and uncertainty experienced In Wall
street and among spectators in every Of the country
The treaty will probably BIS modified 1t is pretty
tain that it will net pass 1t from the lands of
the commissioners; but whether the ndments made
will endauger its ratification by the Mexican government
and Congress is matter of much doubt and appreher
sion notwithstanding this there few sufficiently
ous for peace agree to several sections in the treaty
Events have traprsd In Mexico since the I'd of Februs
~ the day the treaty signed calculated to weaken
the influence Of commissioners appointed to negotiate
treaty destroy the influence Of the government Of
Mexico existing at that tme and the desre of the
pie for peace upon the terms then proposed The first
and important of these events is the withdrawal of
General Scott from the command Of the army Of ocou
PATTON and the holding court martial at Perote in
which that officer will take conspicuous part; second,
the withdrawal Of tbs first commissioner appointed to
negotiate treaty under peculiar and aggravated cir
cumsances calculated to Lessen the influence of such
representatives OF government in all future nego-
tiatons third the modification Of the treaty, by strik
Ing out those sections which have been the prime
Of the efforts made by tho egents Of the British govern
men and Of the great European capitalists In inducing
the Mexican to sign it, In tho event ofthess
sections being sxpunged cannot calculate upon the
aid Of these func tcnsr-s in bringing about the raos
ton of the amended treaty. Another and very i'm
portant matter connected With this treaty, Is the
fact that the Congress of Mexico has aud ap
prehend will rstify 1t in any shape The present
government may accept IL, and so long sit has the
power support IT, but in country where revoiutions
are 10 common and revolutionary spirits so plenty We
must expot sudden aud frequent explosions in the re-
preventative branch Of the government and oompt,
population Of a previous acts interfering in any way
with the principles prejudices Of the predominant par
~. Suoh things may expect, without much proba-
buty of meeting With disappointment. What guarap-
~ have from such people, that peace made uTon
any terms will be preserved-thst the most favorable
treaty will be respected tina. shall receive an
equivalent for the millions to be paid as indemnity?
We do not wish to be understood, in giving reasons
Why the prss en. any modified treaty seems 81
mont out Of the question as having abandoned all hopes
peace for do think that depends upon this
any treaty male with any party or power In Mexico.
If the cessation of fighting the absence of actual
rtate Of war; Is peace, have already secured that
and the whole aud substance of q treaty
it, whether wc oscupy for the present the
whole or part of Mexico whether We shall pay the
existing government Of that country millions Of money
and withdraw troops to lne or whether we shall
retain possession of the whole territory establish our
own law, levy our taxes, collect our own revenue,
and govern It as province, until 1t h 10 proper cond
ton 10 annex Sc far open hoctitieoars concerned
we have nothing to fs,r-treaty or no treaty. tdoes
follow that In the event Of treaty beisg made and