The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-03-23

Inferior Tennessee red at 81 60 . 81 65. Corn was
hull, with sales Of mixed at CSC. Csc, and white at
sc. 6sac.; prime yellow, for contract delivery,
was sold at csc. zoe. Rye was lower, and sold at
81 IL 81 Is. Pork was inactive, at SIS 81 for
mess, and at $l4 81 a SIS for prime. Rump pork
sold at sl4. There was q good demand for refuse
pork at full prices which Is said to be purchased for
conversion, to great extent, into prime mess
for the French market, and that large
quantities, probably Of low grades, have thus been
manufactured. The balance of cargo of Rio coffee
was sold yesterday at l13c. The range of the mar
ket was from llac to l2c- Sugars were quiet with
out change in prices The increase Of tonnage had
a tendency to check freight engagements. Cotton
was engaged for Liverpool at 9-32d. 5l6d.
How are our DmcaIties with England Go
be settled !-No AxbssxatiOns for Us.
As our readers are already aware, Lord Pal
merston took occasion to say, in reply to Mr..
Cobdens interpretations On the subject of the
differences with the United States relative to
Central America, that although he regarded
the English position on that question sound
one, yet that he had offered to submit the
whole matter to the arbitration Of third
party. This announcement was received with
cheers and had the effect which it was no
doubt designed to produce, of making Parlia-
ment and the English people believe that
while the British government was earnestly
and honorably seeking an adjustment OF the
question, the United States, on the other hand.
vas as obstinately bent on prolonging the
quarrel for political purposes, or with the de-
sign of forcing a war on Great Britain. II
also had the effect of creating similar i'm.
preston or the Continent, as was Immediately
evinced by the tone aud language Of the
French and German press.
Now, it is fact that no allusion is made
to any proposition of the kind named by
Lord Palmerston in the correspondence, which
comes down to Mr Buchanan's note of Octo
Der A. 1855. That note was formal wind
ing up in Europe Of the whole correspon-
dence, which then ended in what is called
dead lock-; both parties distinctly pro-
claiming opposing and irreconcilable con-
structions of the Clayton and Bulwer treaty.
The proposition mentioned by Lord Palmerston
was made public here subsequent to the pre-
sentatiOn Of the Presidents message to Con-
gress, and had not reached Europe at the last
accounts. 1t is impossible, however, to believe
that it was meant in good faith; on the contra.
ry, the political antecedents of Palmerst0n war
rant US in the opinion that it was only piece
of political fnesse, to avoid meeting difficult
issue befora Parliament, and to place the
United States in false position before
the world. To a certain extent the play
has been successful; for although it seems
no answer to the proposition had yet been
received from the United States, yet Lvtd
Palmerston well knows that the Ameri-
can government can never accede to his pro-
posal; and however much people at home or
abroad may be taken with the apparent fair
ness Of the offer, moments reflection will
convince them that it is delusive and dishonest
In the first place, what Power could be
named as arbiter which would not be open to
imperative objections from one or both Of the
principals? France, Austria, Sardinia, Hol-
land, Spain, Belgium, Denmark Sweden and
Russia would be "peremptorily challenged" by
either the United States or Great Britain, for
reasons obvious to the least intelligent reader
There remains only Prussia, which Power
weuld not be likely to decide against the pre-
pect Of peace makes her ludicrously anxious il
conciliate In fact there is not State in
Europe, not openly hostile to the United
States, which is not in some such position in
respect to England and the alliance as to rem
der it incapable of rendering an impartial /.
cision.
But even if this were not the case, and even
oh had ret
results Of previous " arbitrations" into which
we have been inveigled, still the United States
could not accede TO the Palmerstonian propo.
sal, for the patent reason that the subject is
rot one which, in its nature, is capable Of be.
ing settled by arbitration.
The Clayton and Bulwer treaty or coaven-
ton was VIGOROUSLY designed to terminate all
British jurisdiction and pretensions in Central
America, so as to secure free transit between
the seas, which should not be overawed by the
presence or interrupted by the pretensiols 81
either Of the great contracting Powers. I
this end the American negotiator was willing 3
renounce for himself and his country any I'll
ture advantages which the proximity Of the
United States and its preponderating interest,"
in that quarter Of the world might tempt or
authorize it to claim or SECURE. The policy Of
the American negotiator, in this RESI- .o..
may well be doubted; and the ability o.
the treaty making power to bind IT,
United States in this respect, may well be d.
MED to it under the constitution. The only
ground upon which the treaty was acce led
was that Of the relief which it would afford to
the Central American States, of which We are
the natural protectors, and as terminating
pretensions which might and may yet end
in collisions between the United States and
Great Britain. That such was the under
standing of the British government is evident
from the fact Of its expressly STIMULATING that
the establishment of Belize. or British Uondu.