The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1848-07-10

quiet.
Meherued Ali is still alive.
STAIN.
A change Of ministry is daily expected. Bertrand
dc Lis has already resigned as Minister of Finance
and is succeeded by Orlanso Narvaez still remains
President.
Portugal is tranquil
Our southampton Correspondence.
SOUTHAMPTON, June %, 1913.
The Effect Of the Merican Treaty IN England
The Relations bet,ceen Great Britain and Aer,co
The West India Colonies Ministerial Changes
Intentions of the English in the Pac,fc-Ame-
ricam Steamers, &c. &c. &c.
have very little news to communicate to YOU
from Southampton this week The steamer Tay,
from the West Indies and Mexico, arrived on the
evening of the 10th. The intelligence she brought
from Vera Cruz, was to the effect that the treaty
between Mexico and the United States would po-
sitively be ratified. This prepared us for lmpor-
tant news, received by the Hibernia, via Liverpool,
to-day, that the treaty had been ratified at Quere-
taro, by considerable majority
The news of the ratification of the treaty, so es-
sential to the Interests of both Mexico and the Uni
ted States, Is variousy commented upon in England
Should Mexico be able to establish firm form of 20
vernmen after the withdrawal of the American troops
from it's territory, and should that government be en-
abed to preserve order provide for the service of
the departments to allow trade and commerce to
something like its usual course, then British
merchants will have for rejoicing ut the establish
ment of peace But is feared that the results
to be apprehended for tho Mexican republic; that
internal dssent0ns will take the place of foreign war
and that any thing like peace security for property,
regularity in the affairs of business can hardly be
kad
The Tay brought freight from Vera Cruz S745 900
on merchants account, also 473 serens of cochnea
and other valuable goods. Sir Henry Light, r. H. B.,
late Governor of Demerara of the passengers
1t reported by the Tay, that $4,000 900
city of Mexico, for shipment to England Large re-
mittances are expected home from Mexico to the
tent Of $40 100000 so soon as the peace certain
and the mines could resume working.
1t is now matter of much interest amongst the mo
neyed class to whether there exists any chance
the holders Of Mexican bonds to obtain Element of
their claim against tho country and government Of
Mexico
You are aware that the public foreign debt of Mexi.
units to nearly fl00OO 900 sterling, say $780,
O0o and that the bonds, bearing interest of per
cent representing that debt, held principally on
the stock of and there
Mexican bonds remaining unpaid, nd the quotation
at present. the London exchange is 16f to 16 per
f1O0 bond; that is, bond Of the republic OF Mexico
for f100 sterling bearing interest Of per cent per
annu and having two years interest (fl0) due upon
it. may be currently bought sold in the market for
ZIG to fl6 l0s Such a low price this ruling for the
bonds convincing proof that spectators and capt.
tasts do not possess much confidence in the stability
of the present Mexican administration, do they
any very carly prospect of settlement of the bond
holders claims 1t is stated that large purchases of
these securities have been made American accounts
but it is not generally believed. Hopes are entertain
ed that pat of the nts that to be made
by the United States to Mexico according to the terms
of the treaty will be devoted to payment of interest
Of the Mexican debt. should add, that thu ratiGca-
ton Of the treaty has improved the price of Mexican
stocks.
The steamer Thames sailed on the 2lst for the West
Indies, with the usual mails. She was detained from
the 18th, her regular day of sailing to the 2lst in
order to take out to the British West India colonies
the result of the debate on Lord John Russes plan
for relief to the suffering West Indians As however,
the debate adjourned till the odd ast mighty it
thought better to send her away that the
nercoonia mails might not be interrupted The mea-
of Lord John Russell voted by all parties to
be insufficient for its object, and not sufficiently
prebensve to afford real relief to the British West
Indies The measure was peculiarly inopportune, as
parties in England now constituted, and seemed
to give satisfaction to Yhe conservatives and
protectionsts led by Lord George Bentinck opposed
it in virtue of its being utterly inadequate to the relief
of the vast distress existing in the colonies while,
the other hand, the free traders led by Mr. Golden
and Mr.. Bright, gave it unqualified opposition the
trade 1t is thought by that this sugar ques-
ton, connected with the West Indies there viii be
some change in the Cabinet, and that the ministry
Sir Charles Wood, the present Chancellor OF the
for the Premiership John Russell to be
elevated to- the upper house the Earl Of
Hardipge late governor general Of India to be vice
roy Of Ireland in place of the Earl Of Clare Whe
Their these reports true not tits very hard
say but it is certain that unfortunate or inca
pable government existed in England Not
single of practical utility has been proposed
and every measure brought forward has been
characterized by that temporiziny, do nothing,
arstocrntc whg government It is almost the general
desire to Sir Robert Peel at the helm of aars-he
has the confidence of the country and the in
dependence topropose measures sweeping and effective
The Ripon steamer sailed on the Goth with the East
India and China mails, having on board Admiral Sir
Francis Collier who proceeds to Hong Kong with his
secretary and flag lieutenant to take command of the
British naval forces in the Chinese Some reports
have circulated that the admiral was to prepare
instructions be subsequently, forwarded to make
demonstration against Manila and the PHILIPPINE
Islands, in consequence of the Spanish dispute. IT'S
certain that Lord Palmerston and the British govern
ment have idea that is fitting opportunity to
force the claims Of British creditors upon the notice Of
the Spanish government, and to demand settlement,
in some way or the other before diplomatic relations
can be resumed IT'S very doubtful If Admiral Collier
has any instructions to seize the Philippines but 1t is
not unlikely that the gallant admiral may have been
Instructed to hold himself in readiness in the overt of
such proceeding being found necessary in Downing
street.
You will learn by the newspapers that the overland
Indian mail arrived in London Wednesday the
2lst with datesfrom Calcutta to the I'd May and Bonn
bay 18th May, and brought confrmatory accounts of
the murder Of Mr.. Van Agnew, of the Bengal civil
service and Lieut. Anderson of the Bombay Fusileers
two represent of the East India Company, at
Moultau. By these advices it would appear that the
two unfortunate gentlemen brutally assassinaed
without shadow Of pretext and in the discharge of
their duty. This lamentable incident and subsequent
insurrection will it is thought lead to serious difficult
ties on the northern frontiers Of British India The
hot was setting in when the outrage was CON-
mitted, and it would be months the East In
dia Compapys troops would be able to upon the
disadectod district: in the meantime, it is only
tural to suppose that the instruction would gain
ground, and that Dewan Mooraj will be joined by all
the hordes of turbulent of the late army of La
hore, disbanded upon the occupation of the Punaub
by the English forces It may, therefore, be expected
that in the course of few months engagements
will take place. and that tho usual accounts of the
ssnguinhry conflicts generally attending war in India
will be received.
have no news to send you from Spain Portugal,
as we have had no arrival from the Bscayan ports.
The Madrid Is due on the 24th, with the Spanish and
Portuguese mails, and next week shall have some
thing to communicate.
Tbs American steamer United States is due at Havre
to-day or Tomorrow, and tho mail steamer Hermann
is looked for off Cowes the 5th proximo. IL Is
great pity the Ocean Steam Navigation Company can
not manage to keep up regular steam communication
between New York and Southampton or all other
places am convinced (perhaps excepting LiverpooD