The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1850-03-10
I'm portant Intelligence from Nicaraugua-
Kumorcd Recognition OF Britain Rights.

I'm port ant Intelligence from Nicaragua
Kumored Recognition OF Britain Rights.
Our readers will find in another part Of this days
paper, some very important correspondence from
Central America, brought by the Empire City, which
will be read with great interest by the public general
w. II appears that rumors were ia circulation in Nj
caragua, TO the effect that Mr. Lawrence, the Ame-
rican Minister in London, and Lord Pdlmerston,
had agreed upon plan of settling the Nicaragua
question by the surrender, the part of the former,
OF all the principal points in the dispute, and the vir
tua recognition Of the sovereignty of the Mosquito
King over portion of the Nlcaraguan territory
as well as Of the rights which Great Britain has
claimed in that quarter. These rumors, 1t appears,
have caused great deal of disquiet and dissatls-
faction; and it asserted that if they should prove
true, the government of Nicaragua will revoke the
charter TO the American company, giving them the
right 10 construct canal to connect the Atlantic
and the Pacific oceans.
We are disposed to think that there Is more
truth than poetry in the character of these ru-
mors; and we are not at all surprised to learn the
report that the principle which was at the bottom
Of the whole Nicaragua difficulty, has been vir-
tuslly abandoned by Mr. Clayton, in his recent me-
potiations with Mr.. Bulwer These rumors have
grown out, no doubt, of the recent bungling at
temp,s at settlement made by Mr.. Clayton, the
American Secretary of State, and Sir Henry Bull
wer, the British Minister at Washington, with the
concurrence of the parties to whom the charter to
construct the interoceanic canal was given by the
Nicaraguean government. II is very well known
that those parties have, rom the outset,
depended upon selling great portion of their
stock in England; and, indeed, Sir Henry Bulwer
hlmse elf minated that, after the adjustment of the
difficulty between the United States and Great
Britain on the Mosquito question, two-thirds of the
money necessary for the construction and compile
ton of the canal could be obtained from capitalists
IN England. Mr.. Bulwer and the charter partics--
so to term them-accordipgy put their heads to-
gether to adjust that difficulty; and the result was
tie famous protocol winch went to England
short time since, for the appreciation Of Lord Pei
merson and the British ministry, as the basis Of
a treaty between the two couatrcs. In that pro.
tocol, nothing Is mentioned Of British rights or
claims in Mosquito-nothing Is ceded by England;
and this anomalous proceeding has been pufTed
and praised by the organs Of the cabinet the
very quin,escence Of good diplomacy the par,
OF Mr. Clayton, when, in fact sud in TRUTH the I'm.
beetle and buneling Secretary Of State sneaked
out OF the man business of the whole affair, In
is virtual surrender to Great Britain Of the I'M
poriant claims which che has set up in Central
America; and when the trea,y-if any should be
made-comes before the Senate for ratification, il
is to be supposed that the whole matter will be
rqidly scrutInized, and the honor and dignity Of
the United States maintained.
The object OF this movement is apparent. Eng.
land is afraid OF the growing commercial greatness
Of the United States, and France. since the
acquisition Of California and the discovery OF the
'nexhaustibe gold mines IN thatterritoy. Both Of
these nations know that from our geographical
position, we would receive a greater degree Of
commercial advantage from the proposed canal,
than any other country; and England therefore, is
desirous Of having foothold in Nicaragua, through
the 30 called King OF Mosquito, TO counersct this
advantage ss much as possible. Ia what other way
can the continual presence Of a British fleet IN the
Central America, waters be accounted fort What
hes French feet 10 do ia the same qgarsrl And
Mr. Clayton he's lent himself TO the furtherance Of
their views and purposes, by virtually concedIng
every portion Of the impertinen, claims set up by
Grca, Britain.
We have much more to say on this subject, ct
another time.