The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-05-21

x=s----~---saz-=z-------
tson-oursoes Dahrgs AZ vs.shiastsa-- Mall
srrvst easy Ag<so.
On Monday Afternoon last there was smart |
Vail street, Which drove in the bulls ara
brought cut he bears; aud there was a run
down aNoDg, various stocks ranging from oae
ar d a half e two per cent. Reason why
thers was aSerort in the street that Cran1scu,
the Britt sh Minister, WAS certainly to ce dis
mrred ext morciDg-informas'oa tcom
Washington positive. England, wlfd ner
enorrcvc fleet OF war steamers aud gao
GOATS, ryill not submit to this, aga at
sixty days after date we may expect the
privilege of . review of part of the Ssithead
squadron OF the Battery. This was en- Moo
day afternoon in We'll street Fe .aty-four
hours thereafter. or yesterday in thea ternooo,
the~oanic had subsidized into Calm wonder
full calm, delightful calm-and toe stock
market bad recovered almost entirely rom de-
pessions resulting from that trosi I'VE" war
rows from Washington of Monday afSernooo.
We have every reason to believe thai yes
serday this Champion difficulty was substantial
~ settled; and that Champion wiil-remain
at his post. sAGong our private dispatches Of
last evening from Washingtoa>was one which
said am Informed that Crsrp ton will be
dismissed (-eaollect, will be tisRissed); but
ozark the taD the probability is that mo
definite acsion will oe had till after the Cincin-
natl Convestion.n This information is very
mil fhor
desps*chTsceived last night, it becomes almost
conclusive to our mind. The other despatch
to which we refer stated that tie State Depart
meet refuses to give cut ecpy of Lord Cla-
readon's letter TO Mr.. Dalies for publication;
and the: cit has been suppressed in the Nation
al IssesS yencer."
Here are three distinct Specifications. First
that although Champion is TO be dismissed, no
definite action viii take place till after the
Cincinnati Convention. Second, that the al
minin.ration refuses to permit the publication
of Eo-d Clarendon's last explanatory letter.
Third, that the publication Of said letter had
been arrested at the ofce Of the National Intel
siSescr. These three points may be very easily
explained. First, it is very likely that if he
VU0O
nc definite action on this matter till after the
Cincinnati Convention-because, if he die
misses Champion in the fcce of Lord Claren-
! 'dac's apologies, it may damage Mr.. Pierce
| among the seaboard Southern delegates to
Cincinnati. On the other hand, should it be
proclaimed now that Champion is to be retain
ed, it would certainly be prejudicial to our
he mi he dol tnc IF fho
great West, the people Of which section, being
ta- in the interior, and perfectly secure against
the visit of any part of the great Spithesd
| .sauadron in the event Of war, are rather anx-
! ious than otherwise fer brush with John Bull
| and look into Canada. Better, therefore, says
Pierce to Marcy, keep the question in statu quo
!! till after the Cincinnati Convention. And
Marcy acquiescee, because it is his idea exactly.
| But the most curious interesting and i'm
portant Of these three points is that in rete-
renee to the suppression of Lord Ciarendons
letter at the Office of the National Ltelligencer.
Kow did that letter get to that Off ,e, the In
h1igener being an anti administration paper
Had the administration sent it to, or permit
ed it to be copied tor any paper, it would
haze been the Union, the Presidents own o.
gan. How, then, did the Antelligencer get this
letter while it was denied to the Union? Just
in this way, Mr., Dallas sent copy or two of
said letter to his government, and Marcy has
kept them safe and sound; bvt Lord Clarendon,
of course, simultaneously sent q copy or two Of
the sane'l letter to his minister, Mr.. Champion,
and here is the source, unaou btedly, from which
the letter was secured by the Lnteligeacer.
| Why so? Because we are Of the opinion that
| concerning this letter of Lord Clarendon, it is
believed by Mr.. Champion that it will be per-
fectIy satisfactory to the American people in
his behalf, and hence his desire for its publica-
ton in advance of the definite action" Of the
administration. The question next recurs, how,
Why, and by whom, was the publication Of the
letter in the Intelligeacv aTresteds We cannot
positively say, but We presume tbet the thing
was done upon the application Of the admins
tration toMr. Champion, and as special favor
to the President in reference to the Cincinnati
Convention. How q special favor Because
it is highly probable that this letter CT Claren-
don gives such satisfactory margin for full ab-
solution to Champion, that its publication now,
in advance of any definite action on ahe part
Of the administration, would leave our Execu-
tive no other alternative than the forgiveness
Of Champion through the compulsory operation
Of public opinion.
But if Mr.. President Pierce and his good
man Msroy desire the credit of the settlement
Of this question without the offcious intermed-
ding of the newspapers, his Ezcellsncy will
have to be quick aboat it; for we expect this
letter of Lord Clarendon with our English
papers ty tie steamer Fulton to-day. We re-
ceiEed information BY the last Liverpool
steamer that on the day Of her sailing the let
| ter had been published at London.
The moral Of all this is somewhat hunilias-
irg to cur Pierce administration; for the facts