The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-04-12

ing, but we hope to be able to lay q comprehensive
synopsis of the intelligence before our readers to-
morrow.
The Now Treaty with Observation-Disclosures
Of our Neutrality In the European War.
We gave yesterday the substance of the lead
ing stipulations of a most important treaty,
concluded between Mr.. Buchanan and the British
Cabinet guaranteeing in exchange for our
neutrality in the impending European war, the
perfect freedom of our commerce upon the high
seas against the right of search or impressment.
This treaty, it appears, has been entered into
and negotiated by Mr.. Buchanan without ad-
vice or instructions from Washington. The Gre
dit. therefore, belongs to him of settling the
vexed question which involved us in our last
war failed in bringing to settlement In fact
although the American doctrine that the ships
deck is the national soil was virtually con-
ceded in The Ashburton treaty upon the north
eastern boundary, there was in that concession
nothing explicit or calculated to cover the ext
gencies Of the present crisis in European af-
fairs To Mr.. Buchanan. therefore, and his
statesmarlke sagacity, belong exclusively, upon
our side, the credit and the honor of the emil
nently satisfactory adjustment which he has
accomplished Of this harrassing difficulty Of fifty
years duration. And in view of the great prin-
Of the ncalculable advantages which
will flow therefrom to our commerce in all
quarters Of the world, this new treaty may be
well regarded as the most practically valuable
to us of all the catalogue Of our commercial
diplomacy of the last half century.
1t is altogether probable that Mr.. Mason, our
Minister at Paris, is or has been engaged upon
a similar treaty with the government Of Louis
Napoleon. 1t will be recollected that in reply
to certain interrogatories put to Lord John
Russell by Mr. Miner Gibson, upon the subject
ofneutrality, in recent debate in the House
of Commons, Lord John said that her Majesty's
Cabinet had had the subject of neutrality with
the United States under consideration, but that
he thought it inadvisable to make any disclo-
sures upon the subject without first consulting
the French government, which, from its present
alliance with England, was equally interested.
From this we may safely assume that France,
to the fullest extent, will become party to the
arran gements concluded between Mr.. Buchanan
and the English government Wealso presume,
from the amicablc relations which have thus
far been happily maintained between the
United States and Russia, that there will be no
difficulty in similar treaty with the Gar. His
interests, though not so Immediately as those
of the Western Powers, are so manifestly
suggested in such an understanding, that
we can perceive no reason for doubling his
ready acquiescence Of our neutrality upon
most favorable footing. With such advan-
tageous concessions from the three great Pow
ers in the European war, our commercial
marine will substantially monopolizc during
the tremendous struggle the transatlantic car
rying trade Of all Europe.
The immensely of our business interests &C.
cured against molestation by this new treaty,
and their Importance to all classes Of our
people, and to our government itself, are so
self-eyident that there can be no question of
prompt ratification OF the compact when it
tall be laid before the Senate. Though ne
gotiated without authority or instructions
fIom Washington, the administration viii