Nashville daily patriot. [volume] (Nashville, Tenn.) 1855-1857, 1856-12-18
Jlfcaus Dclt1 1 TN
THE NEWS FROM NICARAGUA.
THE BLuE.eRrr EYE sEErH SMOKE.

bLDE-GhE1 E1E SEEAA cAOhEs
We publish to-day the new from California and
Nicaragua, received by telegraph from the Balize,
embodying several details of the progress of affairs
III the latter country, especially worthy OF the i'm
mediate attention OF the American people.
William Walker has been met by greater odds
than any of Us expected Just now, and William
Marcy may be aware of the cause; the adds were
nothing; and steady rife and inevitable bowie knife
as usual, we're everything; and so we have the
agreeable duty OF recording three victories land
and one on sea. The blue-grey eye apparently
sees the end very clearly, and the spirit OF the
editor Of New Orleans paper moves rapidly TO its
goal
Panl Jones is mot dead, but liveth." He is
ahoat in little schooner off the Nicarsguan shore
When he esped from bis birth place Carse Thorn,
be may not have known-tha; Celtic adventurer-
that many would arise aud follow his example He
"esped on the deck Of Destiny" and the terrible
vessel bore him we'll But the little Nicarsguan
schooner has deck Of Destiny" too. and once
more the American people are face to face with an
enemy on the waves rather have been face to
face with an enemy; and whipped him.
We favor no sickly sentiment OF ultra American
ism; We despise the crotchets OF the extremists
who forget that foreigners take a prominent and
honorable part in of our battles, but we think
that William Walker-hit or miss, win or lose 10
future-is man OF whom any nation may be proud.
Who would believe from the beginning at Rivas,
with the original fity~six men of the Vesta-thst
the commander of the little craft, the Viking OF a
dangerous and almost impossible adventure, would
in a short time the President of Nicaragua, set
vessel on the water, and in six hasty battles
annihilate some three thousand of his fOesY The
thiag appears incredible; and yet our telegraphic
dispatches establish its existence. Walkers rein"
forcements from this city arrived in good time. He
acted promptly their arrival. His movements
were rapid as when he marched "a forced march)
from Massaya to Granada, and defeated the enemy
in the very flush and intoxication of their entnu-
siasm. II is evident that neither time nor pow
der was lost. The events follow each other quick.
", and the man who marched at thir head must be
fully equal to the exigencies of bis mission. silent
man-but prompt to strike; one of the men who
say in their Utmost hearts
'Noise BELTS nor camp nor hall
eagles on silent feather;
Proud sight
Left, right
Steady, boys, and step together"
And so Granada is burned The catastrophe
can't be helped. Walker has to win, and it is not
for us at a distance to judge how.
We must await events, and our present impress"
sion is that William Walker regulates the aforesaid
events in Nicaragua to some extent. So We pause
on a few more Misunderstanding in the blue grey
eyei
From a Correspondent Of the Manchester Guardian.
Decline in the Demand for Iron from
the United States.
The prospects of the iron trade continues
gloomy and unsatisfactory, and unless some
Improvement takes place several firms will
have to reduce the number of hands and work
in short time. Most of the Continental ports
are closed for the Winter, so that few foreign
orders are expected until the Spring. The de-
cline in the demand for iron from America
has been one of the chief sources of depres-
sion. In 1854, there was an exceedingly
large demand for iron from America, an in
crease of one-tbird having taken place in the
value Of the exports from 1923. The Aneri-
can crisis of S54 caused reaction, which the
magnificent crops of the last aud present year
have removed. The stocks in the States are
know to be small, but, Notwithstanding this
fact, the orders have been on q scale much be-
low the average.
This state of things has ruled in Stafford.
shire as well as in the counties, and the i'm
portant question of a reduction in prices will
force itself upon the attention of iron masters
at the ensuing quarterly meetings. While bar
iron continues at 80 per ton, the irOnmakers
in the United States become formidable com
petitors with the English manufacturer, and
if the price of iron were reduced to 98 per ton
which will, in all probability, be the case at
the next meeting - the American demand
would, to great extent, be regained. Indeed,
we have heard it contended, that the price
should be reduced to Ct per ton. 1t is impos-
sble for ironmasters, at the present price of
labor and material, to make the iron remuner..
atively less than 50 per ton. 1t follows, there
fore, that whatever be the amount of the re-
duction in prices, corresponding decline will
be made in the wages of the men-s step very
undesirable during the present high price of
provisions. The coal trade is active iHsconses
quence of the winter demand, aud prices are
unaltered. The exports Of coal from South
Yorkshire is proceeding satisfactorily, and
would be extended if the facilities for ship
ment were increased.