The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1848-04-19

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Prices have not varied much within the past week
ton days. and there appears to be pause in the market
in anticipation Of change In the position Of po
liica and financial Affairs The present condition Of
things Mexico IL anything but satisfactory and tho
delay likely to take place relative to the ratification Of
the treaty will BE- anything but agreeable to those
nectea with finances and commerce twas the prevail
Ing impression when the treaty ratified by tho Senate
Of the United StateS that Its ratification by The Mexican
Congress beyond question; that as soon O. It was
returned 1t would be accepted and that in less than six
months our troops would be withdrawn, the heavy
penditurss cease and the evils and burdens Of dis
appear The anxiety exhibited by the party In power
In Mexico to arrest hostties and to consolidate peace
gave great confidence In the Of the treaty pro-
posed, and left doubt in our mind Of the speedy
accomplishment Of our hopes. Such was first i'm
PRESTON and such the universal impression when
the commissioners left Washington for Mexico with the
treaty, modified improved and ratified by the Senate
but events have since ranspred in Mexico calculated to
put o. at least for long time, the contamination Of
peace between the two countries. We have NO doubt
but that ultimately the terms Of the treaty proposed
by the United States will be accepted, have great
faith in the virtue Of the many millions Of dollars to be
paid according to that treaty the party which bein
the ascsndancy In Mexico, when the indictments fall
due This will, in our opinion, guaranty the ratif-
cation OF the treaty by the Mexican Congress- but
have no idea that il going to be the work Of day
month. The commissioners have before them . great
deal Of negotiating, and it win require all the diplomatic
p'wsrs they possess to accomplish the object Of their
mission The important alterations made In the tresy
received from tho Mexican government will be the
ndnf ~ att
in the Mexican Congress- If the terms ao,epted
without further modification. Should further altera-
tons bs necessary before M acceptance tho part Of
Msxoo It Is question whether wsud not defeat the
object In view altogether. It must be borne In mind
that the Senate struck out several sections Of vast i'm
portance to Mexoo and 1t IL hardly possible that the
representative branch Of the Of that
try will at once submit to the Publications have
m ids in the original treaty. If they submit quiet
y, it will not be very speedily, and We are prepared
for . long period of doubt and uncertainty
Ths movements of Santa Anna are by means de-
finite. It is possible he may pssceably leave the
try and establish himself at some point near Mexico,
where he can closely watch the movements Of
all parties in that country, prepared to take sd-
vantage Of the nrst opening likely to lead him
again into power. He may settle down In tho
vicinity of Havana, and amuse himself with cock
fighting; but the government of Mexico never be
otherwise than apprehsnsvs Of his movements and will
be liable, 1t oil times to revolutionary movement
that may place him sgiln In the dictatorship. Paredss
and other leaders who may remsn in the country, will
net remain dls and it will be fortunate thing for
If get honorable treaty ratified, our troops
well out of the Mexican territory boundaries pro-
perry defined. and all questions at issue permanently
settled for the whole Affair." amidst court msrtias and
courts of enquiry amidst tho quarrss between the
ofD and tbah sad NJ IL
rapidly dwindliog down into small aud by means
oredtable affair We trust antcipatons relative to
tho treaty will bs far from being realised that the diff
nculties existing will be speedily arranged, and that
shall be able to lsave Mexico to her own fate
the prey Of party leaders
The legislatures Of most Of the States In this Unien
have adjourned, by constitutional limitation and
account Of the disposal all the business
confederation Nothing Of any Importance transpirsd
in the session Of either Of the heavily indebted States
relative to the public debts tho payment Of interest and
the liquidation Of principal maturity they having been
provided for BY previous laws to the full extent Of the
ability Of the people Of eaoh and IL only
walt for the operation Of those laws the deve
opensnt Of the resources State and the incrsas
cd productivsnes of the public works, for the prompt
payment of every claim against them.
SO far this season. the most favorable results have been
realised. In Pennsyvania the from the canals
exceeds that up to the corresponding period last year
although they opened week later-and the pros
pect for the remainder Of the Is very catering
"a Illinois everything IL encouraging The Illinois and
Michigan canal has been opened and boats have already
passed through Its entire length with full cargoes. We
shall be able to toll better in the Of month or
two what tho income from this work will be this season.
and what may be expected for the future. It Is be-
lief that the tolls will DO large, and that an immense
transportation business will be done the canal this
the rst ofits completion. This with the two mill
TAI authorised by the constitution for the payment
Of the principal Of the internal improvement debt must
place the finances Of Illinois In a better position than
they have ever before actually been and enable the
state to pay larger per cent interest the public
debt.
Indiana does not progress rapidly as the neisAbor
ing States. Her public works being but partially
peted, and her finances in such confused condition II
impossible to form idea Of her probable ability to
meet the claims Of her creditors. The arrange ment
made time since with her bondhoiders has been
by satisfactory and the they reflect upon
It, the louder their complaints. Ia short time IL will
be considered rank rspudi ton
other state In the Union has been guilty Of reputation
oan acknowledge debt When the terms were arst pro.
posed they accepted because they suppo
to be the best In the power Of the State fun bat h
public mind has experienced very great change since
and different feeling h expressed TO that nrst created