The Arkansas banner., 1850-05-21
Mopr cAp,yrr xPEcuLATIONs.

MORE CABINET DFEsN.N LA ALONSs
 For several months past the Nicaragua affair has been the subject of negotiation between the minis terial powers of the United States and England. Al length treaty has beeH arranged. which tif the facts stated by ths Washington Union contain the least particle of ralhl bstrays either entire ineaPa city, wsntOn neglect, or foul misconduct upon the part Of Secretary CLAYTON. It will be rscolIected that Nicaragua is obscure strip of territory stus ted upon the Mesquite coast, inhabited by insg- pifesat population, governed by native King. whose royal robes at tJe latest advices, consisted simply Of worn-out cooked hat and breech-cloat The productions of the eouatry are principally mosquitos. Spanish Hies, sarsapara. haywood and mabogAny. It so happens, however. that this same hitherto neglected territory of Nicaragua is so oca- ted necessarily 10 contain one terminus of the proposed great Shipeaual to connect the waters of the Atlantic and Pacific. When this project was frs. .giteled England discovered .he importance Sf Nicaragua, and. by virtue of Pretended protection of the natives, claimed the protection of the de- main. government, naked it is true, yet inds. pendent even in it's nakedoe possessing fully and unimpaired, the treaty existed at Nicaragua which altogether repadiaed the se-assumed control of the English. The feasibility of the construction of 8 ship canal at this point and it's vast importance to the commerce of all nations, induced company to procure a charter for that purpose, which was af- terwards formally confirmed by the treaty between this country and the Mosquito sovereign, negoiia- ted by Mir. SauiSR Subsequently another treaty was arranged between these two high contracting powers, by Mr. HIsE. upon the part of the United States, by which the Nicaragua government ceded | to the Sintes the exclusive control the con structon of the projected ship canal, with all the ! attendant priveleges and inmuDites which could be desired. By ths treaty, BOt only the safety of our own shipping interest secured, but we would have gained the means of exercising an inn mense influence the commerce of the world. | 1t appears now, however, that a considerable speculation be made by selling the charter of this shipcanal to English capitalists, provided that their government is permitted to have equal ju- Tisdictionand control the enterprise. MT. Sec retary CLAYTON, disregarding the treaties already negotiatedWi with the original power, the government of Nicaragua itself, has, ith the assistance of the English minister, concocied, and presented to the | Senate, treaty pHh En9taHd. which precisely meets the csc and chimes in most admirably with the desired speculation. By this treaty, in coSside- ration Of therelinq uisnment the part of England of certain supposed rights, which never had any existence except in the vivid imsginatiOns of the British rnini4ers, government agrees to cede to Englsnd ap qual share of all the privileges granted to us by Nicaragua.
 This, so fir We have learned the facts, is brief statemdni of the case, and ask, in all candor if
 the treaty nw presented 10 the Senate for confr- nation doesaot appear to have been dictated either by the mostabject werkness or downright roguery7 The immacdate, patriotic, heroic. no party admin istratOn hasindeed built up for itself pyramid of infamous acs, which will long remain q warning to the people. Never before has it been the case, and we hope thu never again will the pages of our couutry's hiaory be plotted with therecord of such open prostitution and abuse of power for the most ordinary ane selfish purposes