The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-11-26

timidity.
If the Secretaryship of State should be given to
Virginia, We should prefer Hunter to Wise. The
latter is a wild, harum scarum politician, VINO
would blurt out all the secrets OF his Office in half
an hour, and would probably eliminate by get
ting us into war with France or England
Hunter is more prudent, more sensible, more con-
sentative; the better man by far. No doubt JEFF
Davis knows this, and knows the small chances
of Wise for the post wherefore he dominates
him, in order to secure his alliance in the war he
is preparing to wage against the administration.
The Nicaragua Expose-Ihe American Indian
Empire.
The full Developments published in the HELALD
in relation to Nicaraguan affairs, and the course
and policy Of General Walker, continue to at
t5aet in large degree public attention here, as
they must also do in Europe when the late reve-
lations become known there. We receive daily,
from reliable sources, further information upon
many points bearing on these questions, and are
now able to throw some new light upon the true
origin and causes Of the Walker movement Al
though il seems in itself to have been at first no
thing but wild filibussering foray, its impulses
have deeper philosophy and spring from more
permanent and widespread causes than mere
love of adventure and spoil. 1t is founded, in
fact in that instinct that characterizes not only
orr people, but the Saxon race in every part of
the world-an instinct that has marked its career
on every continent and in every sea for ages
the instinct of territorial extension. The deye
lopement of this instinct, IN the present instance
has grown out of, and has been stimulated by,
the sudden rise of our Pacific empire.
The sudden rush of emigration TO Cali
fornia on the occasion of the gold disco
veres there. and the increasing demand
for means OF transit between the Atlantic
and Pacific shores Of the Union, drew public
attention to the several routes across the
American Isthmus; and among others the Mica
ragua route was opened, under the auspices Of
the Nicaragua Transit Company. To the direc-
tors and agents managing the transportation on
this route, the enterprise was profitable pecu-
niarily, whatever it might have been to the
stockholders Of the company. But Nicaragua
was torn by civil dissensions and internecine
war, and the property Of the company on the
line of transit across the Isthmus was continually
in precarious condition. This stimulated some
Of the parties concerned in the enterprise to fur
nish Walker with the means of taking a small
party Of adventurous spirits to that country, in
order that by siding with one or other Of the
native parties preponderaDce might be Sc
cured and peace restored. The original ffty-six
were accordingly sent down from San Francisco;
and from the mutual accusations of the President
and California agent of the Nicaragua Transit
Company published in the HERALD some time
since, we learn that reinforcements for Walker
received subsequently free passages from San
Francisco to San Juan del Sur. Whether the
parties to the movement had at that time any
Interior views can only be known to themselves
But soon new view broke upon them.
Walker, as Commander-in-Chief of the army,
soon controlled the feeble government of Mica
ragua and was in position to assist his friends.
A plan for grand stock jobbing operation was
formed, the game of which was to be played in
Wall street, where Nicaragua stock was one of
the fancies. The coup d'6at on the Nicaragua
Transit CompaDy's property in Nicaragua was
prepared and the parties in the secret sold stock
largely for delivery at future day. The seizure
by the government of Nicaragua of the boats
and transit route under color Of a violation Of
contract by the company, was then made, and the
stock suddenly declined to a nominal figure. 1t
is said that the profits to the parties in the secret
were sufficient to enable them to purchase Of
Gen. Walker the property of the old company on
the Isthmus, and the ocean steamships necessary
for re-opening the route. This has since been
effected, and if it can be preserved promises to
become one Of the most profitable Of the lines Of
transportation to California.
These revelations explain the sudden and SEEM
ingly unaccountable seizure Of the transit route
by Walker, and the withdrawal of the ocean
steamships Of Com Vanderbilt. This gentleman
had not been let into the secret, and be at once
began a war upon the other parties. There
is little reason to doubt that Goicouria was
sent by this gentleman to Nicaragua, and
not succeeding in getting Walker round to his
views, that the pretended expedition of Goicoura
throw Walker. At this stage Of the game, which
was becoming interesting third party takes
hand, and our old friend, George Law strikes in.
Goicouria had nearly succeeded in chartering one
of Laws former boats, which are still under the
control of his old partner, Roberts. This was
stopped, and an application Of Goicouria to Law
for one thousand muskets was refused. But Law
went further. He was now in his old element,
and felt more at home than he has felt in his re-
cent political intriguing Colonel Henningen.
who has for several years been Laws right hand
man in muskeis and hardware generally, was des-
patched to Nicaragua with several pieces of ar
tillery and other much needed supplies, and he
now ranks as General in Walkers army.
But the matter in hand, obeying those general
laws which guide the national tendencies Of every
people, far above individual direction, soon as
sumed much greater proportions than those it