The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-05-27
The News.

Still later advices from the city of Mexico repre-
sent Santa Anna to be dashing on in his headlong
career of despotism, with more impeuosity, if posi-
BILE, than ever-suspending all legislative action
throughout the country, and combining civil with
military rule, dsarming private citizens, disgracing
army officers, &c. The extraordinary proceedings of
the President since his return to power, well cal
cuated to foment rebellion and we shall not be
prised to learn before many months, perhaps weeks
that the military emeue at Vera Cruz has been fol-
lowed by general dscord and revolution throughout
nearly all the States comprising that unhappy re-
public. How Santa Anna contempates carrying
out his stringent DEGREES, in the face of bankrupt
treasury, is matter that puzzles the shrewdest
political fnancers. 1t is said that he projects the
establishment Of national bank, with capital
based upon government loan Of from eight to
twelve millions of dollars-but where is the money
for such an institution to from? 1t is hardly
probable that the English and French capitalists,
who have already permitted themselves to be bled
pretty freely by the Mexicans will again come for
ward with the necessary funds. Spain, with whom
Santa Anna is rumored to be in league is in want of
means to meet her own liabilities and as for the
few Mexican fnanciers who may really be able to
lend assistance, they are too wide awake to make
Investments in government stocks. Where, then,
can Santa Anna look with any prospect Of success,
except from some of the moneyed men of the United
States It may be possible that there are few,
and but few, in this country who would lend him
their assistance for quod pro quo By resorting to
the system hitherto occasionally practsed of raising
the tariff to an enormous degree, and then granting
monopoly rights to certain importers he might raise
an amount of money from American traders sufi-
Gent to answer his purposes for awhile. But then
large number Of his countrymen have also turned
their eyes in this direction-they anxiously desire
to be admitted into this Union. Which party will
prove the victor remains to be ascertaned. The in
dications that, under any circumstances, we
shall ere great while be called upon to incorpo-
rate another portion, if not the whole, of the ter
ntory now known as the republic of Mexico.
The few returns of the election which was yester-
day held in Virginia, for Congressman, &C., indicate
. slight wing gain. Our dispatches are too brief,
however to enable us to form an estimate as to what
the general result is.
Several bills were passed in each branch Of the
New York Legislature yesterday-among them one
by the Senate, to incorporate sixpenny savings
banks and another relative to the grade lines in the
Seventh, Eighth, and Tenth wards of this city. An
interesting debate took place in the Senate upon a
law, which was eventually referred to committee
consisting of the New York Senators. No evening
session was held by the Senate. In the Assembly
spirited controversy arose upon the Niagara Ship
Canal bill, which defeated notwithstanding one
Of the speakers contended that q work of the kind
would be sure to bring Canada into the Union. The
Governor returned the bill relative to canal revenue
certificates, and brief debate upon the Canal ques
ton generally wound up the days proceedings
4. We learn from Washington that large number of
changes were yesterday made in one or two of the
departments. The Gardner jury are still out. They
yesterday notified the court that there was no proba-
bility whatever that they would arrive at verdict
and begged TO be discharged. The prospect now il
that the trial will have to be recommended. Bishop
Hughes is in Washington, and administered the sa-
crament to fifty girls yesterday morning.
Later advices from Halifax announce that large
naval force designed for the protection of the colo
NAL fishermen, is again being concentrated in that
vicinity by Admiral Seymour. With the view of
more eectualy preventing the entertainments of the
Americans, the Admiral, assisted by the Governors
Of Nova Scotia and New Brunswick, will fit out a
number Of small craft. While all these movements
are going on in the provinces, how are the negotia
tons for the settlement of this pscatory dispute pro-
crossing between Minister Champion and Secretary
Marcy, at Washington?
The steamship Yacht arrived at New Orleans yes
terday, with one hundred thousand dollars in specie.
from Brazos, Texas She reports that Carayaial was
still in prison.
Considerable excitement is reported TO have been
produced in the New Orleans cotton market nv the
last news from Europe. An advance of fully one.
fourth of cent was realized yesterday forenoon for
ten thousand bales.
We perceive by the synopsis Of the proceedings of
the Presbyterian General Assembly, that the os.
wego Presbytery has been rebuked by DR.. Cox, for
refusing TO send delegates while the Assembly held
{ ennsetion with slavery. Howev;r, q coumisie