The New York herald., 1850-04-25

pected to-day or Tomorrow, from Chagres. IL is
possible that they MI bring two weeks later news
fom California. The Unicorn TO have left
San hanci, co on the Is h Of March, and accord
ing 10 her first passage, she was not due at Pana-
na til the l2ih inst.-the day after the Ohio left
Chagos.
Highly Important from wnshington.-Thc
Nicaragua Treaty and Its Important Com
sequences.
We have received from Washington, from cor
respondent unknown TO us, copy of the famous
Nicaragua treaty just made between the United
Safes and England, with part of the correspon-
dence leading TO it, u of which has been sent in TO
the United States Senate for confirmation and it
VIII probably be acted on in few days, by that pl-
Gus and venerable bodybuilding the Benton and
Foote scenes, which are only two big drops of
dirty water thiown into Lake Superior A portion
Of the correspondence relating TO this treaty, ap-
IeeIs to have been Withdrawn from the Senate,
very probably the most interesting portion, too
We refer 10 few letters which passed between
Messrs. Buwer and Clayton, in relation TO the
meaning, construction, and understanding of the
several mysteries Of this treaty. That portion OF
the correspondence is 30 important that we think il
should be the duty Of the Senate to make the de-
nand for it of the Department of State, where per-
haps, il would be reflssd-perhaps not.
But though we have a copy Of this treaty, and
such Of the correspondence has been sent into
the Senate, we do not intend 10 publish il in our
columns, for fear that correspondent might get
into the came screpe with the present pous autho-
mites al Washington which our agent got into two
years ago, on account of the treaty with Mexico,
which published a former occasion.
burnt child breads the fire.
This treaty we have no hesitation In charac-
terizing 1s Of the most important which this
country has entered into with any other nation for
the lattthrty forty years It's provisions or Sec
tons. numbering about nine, embrace purposes
and views, as well as touch up)1 other matters,
which will lead TO the most im3or At consequences
which cdn be- expected at this age Of the world.
The uesty, which probably will be agreed to and
eorfjmed ty beth nations, ays the fo9"datio. ofa
eortiOe iepoiution in the Of the p0rld,
and also The seeds of Of fke grodtoa naral
oonEicts tsfueen he Unncd States and Ergand,
rLih UiU asIGa anything Of The kind ,chich has
ero taken place ia The history of the humom rare.
We speak seriously ani calmly, WHEN We say
that ths treaty the secds Of these two mighty
events, namely, radical revolution in the con-
nsIce of the world, und naval conflict between
the United States and England, which will GRIM
son the Atlantic. but these two great re suits will
yesr-the latter probably not till the end OF the
present. OF the beginning of the next century
The frtt and principal object Of this treaty, is TO
guaranty or protect the construction Of canal
aero.s the territory Of Nicaragua, charter for
which, granted by that State, is now held by come
very respectable parties in this metropolis in
necton with others in Europe. The terms Of the
treaty, and the protection it gives to the charter,
Will ali both he
and in London in the probable OF the enter
prisc, az openinga new and wonderful communi-
eaticn for chips of every magnitude between the
Atlantic and Pacific oceans. We have no doubt,
therefore but that the managers Of the enterprise
IN thii city, may easily raise thirty millions Of dol
lars On the London Exchange, under the sanction
OF HE treaty, and the patronage given by SIR H.
Eulwer 20 the whole enterprise. Ii the vocl lnic
nature of Nicaragua does not interpose insup,rable
dtlicultcs to the construction Of ship canal,
there IL every probability that the enterprise will
now lie successful, and that IN a very few years
tie whclc commerce OF the world TO the East
lldies and China. will be- carried on by this route.
The rcsult will effect entire revolution in the
commerce of the world, which will bring the
We.th Of both the ladies and California, 10 boot,
20 ihis great metro olis, and TO the whole Un!ied
sltCs New York will thea be the central city Of
the whole otrh.
liut another and a terrible consequence resulting
fom the peculiar term, Ct this treaty, is one in
vclSng, si future ihoueh distant d,y, naval war
between the United Sttrs and England. which.
though Distant is not Ice ceItin. The treaty, in
it, terms ai citing h. right of th. British g1vcra-
mcnt TO a., Motsuio kirgdom, i. studiously two
sided and looking in two directions It's words
and sevtrGl clauses are ambiguous, and may hc con-
strued by the British government nto aquict conir-
nation Of their right to the protection ofthe Mosquito
territory, and now quietly conceded by the United
States IN regular folm. but while the Dltsh min
lister and his government mly b. ~ titled 10 giving
this construction TO IN. treaty, Hr. Clayton and
the cabinet understand the same language and
terms in the contrary sense. az an abandonment by
the Bniish government Of all night IN reference 20
the Mosquito territory This double understand
ing, which may be given 70 the provisions Of the
treaty, proceeds ffom the fact that Mr.. Clayton
bimeeh is no negotistor, but that the whole mat
ter has been arranged by the superior talents and
negotiating powers Of SIR H. Bulwer on the pirt
81 England, and of the agents of the Nicaragua
Cenel Company, on the side Of the United Statss.
hr. Clayton only gives his consent, and follows
in the wake of Lord Palmers,on at London, and
sif N. Bulwer here. and the Nicaragua director.
at Washington.
re this ss IL may, we have no doubt the Senate
will confirm the treaty as II stands. and lay the
foundation Of the greatest revolution Of commerce
which the world has ever witnessed; and also
plant the sccd. Of one Of the greatest naval wars
and rivalry between the United States and Eng
land, which will shake the world. This naval
conflict will tale place come years hence, but we
may as well prepare for il, While We are enjoying