The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-11-05

1t would seem inevitable, then, that great
financial crisis is about to overtake France,
and that it will put the vast resources OF Eng
land to the severest test. A suspension OF spe-
Gle payment by the Bank Of France may be re-
garded as almost certain. The policy Of the
Emperor, though intended to avert the calami-
ty by system Of expedients, will be likely to
hasten, rather than retard, the tissue. When
confidence is impaired mere devices are worse
than useless; they increase the alarm and do
nobody any good-they produce no money.
Indeed, the stringent discount rules combining
loans to thirty per cent Of the value of stocks,
would produce in this market total overthrow
of business operations. 1t is obvious that CAPT.
talists are gradually withdrawing their means,
enlarging their securities, and crcumscribing
operations.
Important from Nicaragua-Siaughtsr Of
Anne riean Cftixens-Acti0n Of the Uuitcd
States Minister.
We publish this morning additional particu,
lars concerning the late events in the republic
OF Nicaragua. Colonel Walker, of Sonora
notoriety, had it is already known to our read
ers, volunteered his services in aid of the
democratic party in that republic against the
government or aristocratic party. With a
force of from one to two hundred persons he
had penetrated the country, and fought seve-
raj small engagements with varied results.
Successful in one place, he was beaten in
another; but still he managed to maintain his
position in the country, until, finally, on the
NJ otor ha
NADIA by q coup de main !; had himself anointcd
by the priests as the saviour of the country,
and declared the Lafayette of Central Ameri-
ca ; and, finally, received the capitulation of
The Commander-in-Ch Chief Of the government
forces General Corral. Peace was then pro-
claimed. The Inhabitants are represented as
having joyfully given in their adhesion to the
new order of things; and, if the newspapers
in the interest Of the democratic American
party are to be relied on, the lion is henceforth
to.lie down with the lamb in that erst distract
ed land the interests of agriculture and Of
commerce are to be fully developed and Mica
ragua is to be, what she was by Nature intend
ed to be, land flowing with milk and
honey.
But it would be irrational to place confidence
in any such desirable result. The Central Anne
rican people partake of the volcanic character
Of the soil. Irruptons and revolutions are the
breath of their nostrils. Although the very
antipodes of warlil<e people, they cannot be
at peace. And if the regime of the ilibustero
Walker were likely to vary the natural order
Of things-which is civil dissenson-they are
= III Ill, ~, nr1u 10
abnormal condition. Therefore it is that, so far
as the Nicaraguans arc concerned, we could
have no confidence in Mr.. Walkers being en-
allied to establish firm government in Mica
ragua, though backed by the Leon or democra-
tic party, and the power of the Nicaragua
Accessory Transit Company, under the com
mand of Mr. Joseph l.. White. But the people
of that country are, after all, OF but very little
account They have tried their hands at self
government with the most disastrous results.
And if the existence of democratic insttu tons
were dependent upon such an example as theirs,
despotism would be sempitcrnal. 1t is fortu-
nate, however, that they can be altogether dis
penSed with in the establishment of humani-
zng and Outstanding order of government.
The idea--we take of Col Walker and his
ally, the Accessory Transit Company. is to pro-
mote a system OF American colonization and
to Introduce our habits, our customs and our
laws, in place and to the exclusion of the eifete,
antiquatcd and disorderly habits, customs and
laws of the Spanisl-American republics.
1t win be seen by the particulars which we
publish to-day on this subject in addition to
those which We published yesterday, that we
are perfectly justified in classifying the Access.
sorry Transit Comp any as an ally-and a most
powerful one OF the Walker expedition.
The reason why il is 50 is quite obvious. Un-
der the cver-changing system of Nicaragua
revolutionary governments this company was
made the victim Of most vevatious impositiols.
The existing government. Tor instance would
impose upon it, as condition OF its charter
the payment Of large impost in fun of ~
demands, when, presto, that government would
vanish, and another would take its place, more
needy and consequently more cxorbitant il
its eytortiols And thus they went on, now
one rgdpt, now another but all equally ey-
acting. unjust and intolerabie. This explains
the why and the wherefore that the ocean and
lake steamers of the Accessory Transit Com
pany were rendered mp on the slightest provo
cations. in the attainment Of the ends AMI o5-
iects Of The Walker movement. In the estab-
lishment Of q firm andpermanent government
not only are the interests Of the Central Ame-
rican people generally promoted, but hose of
the company are particularly protected; aad
as an Incidental but by 10 means the least dc.
sirable result, the scheming and fncssing of
the British government arc counter schemed
and nullidcd
And Jet. notwithstanding all these happy
consequences to he anticipated from the
Walker expedition, we are not % be consider.
cd apologis.s for il. On the contrary We re-
gard II as stigma on The national honor