The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1852-07-02

WILLIAM n. THURMAN, Alabama. Honorary Essay
O.AaLEs HoDos, Jr New Jersey-Ioncrary Essay
WLLIAMJAv MAoIr, New Jersey --valediotory Grafton
Tho speeches were ell we'll received; it would b.
useless to mako any criticism upon them. Many o
tho speakers received boquets, thrown from the fai
hands Of the ladies in the galleries.
| CONFIRMING OF DEGREES.
The graduating class, numbering about eighty
| were then called in front Of the President, who
made short Grafton to them ia Latin, and gave
them their first honorary degree Of A.B The mas
tiers were then summoned upon the stage, in like
manner, and received the second honorary degree,
that OF A. NJ. These were graduates or three years
standing, and who bad spent the intervening time
IN literary pursuits-generally that Of profession
There was most unusual number this year, equal
ling that Of the Bachelors of Arts. The degree of
L, B (Bachelor of Laws) was then conferred upon
Mr.. N. Voorhees,, q graduate Of the Law School at
tached to the College. The honorary degree Of
u D. was then conferred upon Is6v James Browne,
OF Glasgow, Scotland, the celebrated anti -millena-
ran, and Rev Mr.. Staunton, President Of Oakland
College, Y.
An these exercises occupied from 81 A. M. till
nearly I. M, with an hour intermission. During
all TINS time the house was crowded
ALUMNI DINNER, ETC
Immediately after the exercises had been con-
cuded with prayer, and the benediction by DR. Nc
Dowell, of Philadelphia, the Oldest surviving trus-
tee, the alumni OF tho college and invited guests
moved in procession, but with much aacrity to-
wards the college rcfectory. Here magnificent
dinner had been spread, to which ample justice was
done, after the blessing asked by DR., Eddy. of
Newark. There were nearly four hundred present,
and merry meeting it was to many. There were
silver haired men and young men-but all seemed
alike happy to meet once more the loved associates
OF college days Long may these alumni dinners
serve to gather around the same board mutitudes
of old Nassau's sons, who, at no other time, may
meet to give each other a friendly hand. After
dinner the two literary societies held meetings in
the halls-which, however, are sacredly private,
the nninitiated not being admitted at any time
within the doors.
RESIGNATION OF PROFESSOR
The Rev. DIR. John Forsyth has resigned his Pro-
fessorship of History and Latin. This unexpected
resignation accepted by the Board of Trustees only
with the greatest reluctance. The Doctor goes to
Newburg, N. Y, where he has been elected Profess
sor in the Theological Seminary of the Associate
distinguished member. They have been urgently
pressing him to accept this place for some years,
but until now the Doctor has preferred the shady
centennial groves Of old Nassau. The trustees have
not yet appointed his successor-they will probably
do it to- night Prof Moit, of Ohio, lately elected
Professor in the Theological Seminary in Gin
cnnati will most probably be offered the place.
Correspondence Of the Philadelphia North American
WASHINGTON, June rs, 1852.
The state of affairs in Central America has been
the subject of frequent Misrepresentation and mis-
understanding by the public press 1t was only the
other day that the independence of San Juan dc
Nicaragua was heralded with JUNCTION, as the re
suit of negotiations at Washington. Such absur-
dlties occur too often. Our relations with these
feeble republics are of too much Importance to DO
frttered away by this sort of unmeaning gossip
There are questions connected with their present
and our future destiny of much higher moment than
is generally supposed or admitted
ia fhatO wiz tn u0unn affa ctad
misapprehension of the obligations OF the treaty me-
gotiated between the United States ard Great
Britain, on the 10th of April, 1850 and the app!i-
cation Of its conditions to Nicaragua and tho so
called Mosquito territory, conferences and negoti-
atiens have been going on between Mr.. Webster
and Mr., Champion Tor some time past with view
of reaching satisfactory adjustment, and of deter
mining certain contested claims Of territory between
Nicaragua. Costa RIGA, and Mosquito The result
of these deliberations was a ,vO,q Of settlement,
jointly signed by Mr.. Webster and Mr.. Crampton,
which has been matter OF specuations, and com,
ment in the journals Of the day, upon limited and
imperfect knowledge of facts. For the purpose Of
enabling the public to understand the subject moro
fully, propose to furnish some information Of
reliable character.
The pro,d opens with preamble, recting that
the Secretary Of State and the British Minister hav
ing taken into consideration the state of the rela
lions between Costa RIGA and Nicaragua in regard
to their boundaries and between Nicaragua and the
territory elaine by the Mosquito Indians, and be-
ing mutually DESTROYS that all differences should be
honorbly and definitely adjusted recommend an
accommodation on this basis =
1.-The Mosquito Indians to reserve to themselves out
q the territory heretofore claimed occupied the
eastern coast Of O. ntral Americs a district country
be bounded as follows-Beginpng the shore Of the
caribbean Sea OF the mouth Of the river Rama, (ac
coiding TO Bailcys British map which is IL 81 north
latitude. and So 4G longitude running
west to the meridian of 81 80 longitude from
Greenwich thence due north said meridian to the
river Segofia thence down said river the Caribbean
Sea- thence souhs y along the shore Of said sea to the
md n ha nn1r mntnIar
Of the territory and lands lying southey and westerly Of
said reservation heretofore occupied claimed by the
said Moquitos including Greyown they hal relinquish
and cede to the republic Of Nicaragua together with the
lurisdicton the in consideration Of the
ior three years from Ell duties eved and collect
ca at Grey town. 1T the rate OF 10 cent ad raoe
all goods imported into the State-the period Of three
years to commence the day when Nicaragua hall form
oily take possession of and enter into the occupancy of
said town The said net receipts to be payable quarterly
to such agent be appointed to receive them Mica
rsgua Is required TO modest inter with the Mos
quito Indians within the territories reserved them All
grants of land made by the Mosquitoes since lat January
lS4s in that part Of the Mosquito territory coded TO
Nicaragua shall not be disturbed provided said grants
shall not interfere With other legal grants made previous
y to that date by Spain by the Central American Confd
enfp Canal Company and shall not include territory de-
sired by Nicaragua for forts. arsenas &c.
2Provides that nothing in preceding article shall pre-
ciude voluntary compact between Nicaragua and the
Mosquito by which the latter may be incorporated and
united with the former. The municipal and public
authority in Greytown to be held and exercised by Mica
iagua, but said government shall lay duties OF
bage, nor any duties OF import goods imported into
Greytown, Intended for transit the stmus for
consumption in any other State than that of Nicaragua
except such tonnage duty be necessary for the pre-
serration of the port and harbor the erection and
maintenance Of light houses And no duty for this or
simor purpose shall exceed IL cents per ton on each
vessel
3.The boundaries between Nicaragua and Costa RIGA
shall begin the south bank of the Colorado Mt con-
fucnce with the at high water mark said river
thence along sfid south bank to the confluence of the
Colorado with the river San Juan thence high water
mark along the south bank If the San Juan to its source
on Lake Nicaragua; thence along the south and west
shore of that lake to the point nearest to the mouth of
the river La Flor thence by direct line the mouth Of
said river the Pacific Ocean Costa Plea retaining the
right IN common with Nicaragua to navigate said rivers
and lake by sail vessels but not by steam this right
not TO interfere with the paramount right in Nicaragua
or her grantees TO appropriate said waters the ship
canal. The Ship Canal Company to be entitled 10 the
prvilege Of locating The south bank the San Juan
four q the eight sections of land referred the 9Th
article Of the amended charter, ratified by Nicaragua on
the 18th OF April. 1850.
4-Nther Ninalagua Cosa Ri,a shall b at liberty