Evening star. [volume] (Washington, D.C.) 1854-1972, 1857-11-23

and with the state of things among the banks
Explained above, it does not seem possible that
with difference of but one quarter of one per
cent. between the market value of their nom
specie paying notes and gold now, the reception
of the advices (fnanciaD confidently expected
by the Persia (sOOn to arrived will fail to be fol-
lowed by the signal from N ew York so generally
desired by the business interests of the country
Nevertheless, it il utterly impossible that gen.
eral business can recover its wonted activity for
long time Nor is it desirable that it should :;
as the fact that it had become more or less spec.
ulative in its character did its share to bring
about the revulsion, which is to amount, on the
whole, to little more than q sort ofviolent thun-
dergust, damaging all more or less, shivering
some with its lightning bolts, and prostrating
others by the force of its accompanying winds
1t will be remembered in twenty years as the
most causeless and foolish financial panic known
to the history of money affairs, and, we trust
in the long run, will do much more good than
harm, in checking the disposition to speculate;
as it embraces proof positive that in the most
favorable times speculation is game at which
no man with actual means of his own can VEN
ture to play, without having the odds against
him.
The TREATY WITH NIcARAGUA.-During the
tendency of the negotiations resulting in the
adoption of this SO important convention, we
RETAINED from commenting upon them or in
any other way aiding to embarrass their con-
summation by giving publicity to circumstances
connected with them falling under our own
nh IN A
mination of tho President and Secretary of State
to achieve for the future of American inter-
course with the Pacific side, and at the same
time for that of all the travelling and CONNER
cial world, the entire security of a great sea-
ward route Of travel and transportation which
shall for ever be free from the contin gencies of
Spanish American mutations. And we werc
also aware that, having the golden opportunity
in the hollow of their hands, they were eau
tiously shaping it SO that when their work was
done, it should be well done, indeed. Besides
our experience here has taught US that news
paper interference in such matters rarely fails
to do far more harm than good.
Now that the grand result has been accom-.
plished, We can feel no hesitancy in lifting the
curtain that obscured from public view the de-
tails of the negotiations to which we refer. We
do so simply by republishng portion of re-
cent letter from this city to the New York
Courier and Enquirer, all the material points
of which embrace correct statements. 1t is as
follows:
This Treaty has been very maturely consid-
cred by the President, and has undergone more
than one discussion in the Cabinet was oripi-
nally formed or sketched here the 9th of
June, and was confirmed by Presidents Martinez
and Jerez, on the 22d Of Juiy II was agreed to
IN substance and detail at the Cabinet meeting
preceding my announcement on the 18th Of DC
tober, and every portion Of my statement was
correct. 1t is hardly necessary for me- at this
late day to recall and expose the numerous I'M
founded contradictions of what wrote Not one
OF them had particle of authority. The formal
reception OF Senior Irisarri was postponed only
from considerations Of convenience He has been
IN the continued discharge of his duties since the
resolution to receive him and recognize his Gov.
eminent was adopted.
- And as all the denials of the facts respectInu
the recognition Of the Government and the Minis
ter OF Nicaragua, as stated in these letters were
unfounded, so also were similar avsrments re-
speeding the share of Lord Ma pier In these trans
actions, based upon misnformation, or want of
information The official course of Lord Nanier
has been precisely such as / have heretofore sta
ted. He transmitted the directions to the British
commander to cooperate with the American otfi.
GERS in the arrest of flibusters. Ii Is true that
when, after having informally communicated
the substance OF the instructions which he uas
abOut TO send to Gen. Cass, and after lie had sent
them, he transmitted 10 the Depa an Official
copy Of them; and then the Secretary replied
under the direction of the President that the
government OF the Cnited states would execute
its own laws, and would regard any act of the
British fleet tending to the suppression of unlaw-
ful expeditions as an independent proceeding
and not one Of cooperation with this Government
or its officers. Though the President and Secre.
tary are thus properly caSeful to dsclaim any re-
sponslDllity Tor the proceedings Of the British
fleet they are sincerely gratiiied with the course
Lord Napier has adopted. 1t Is not at all i'm.
probable that some Of the peculiarly well In.
formed, In their own esteem, will authorize
themselves to contradict this fact also; but the
fact will remain
:. la addition, IL is stated to Inc on competept
authority, that Lord Napier approves of the ar
rangement just made for the ex ploitation of the
transit route, and its due protection, and by the
steamer OF tomorrow will transmit DIES patch
enclosing the treaty, and recOmmen ding its adop-
ton by the British Government"
CooL.-The filibusters are evidently deter.
mined to lose nothing in public opinion through
lack of due pretensions to propriety on their
part. While Walker, when last in Nicaragua
was shooting and otherwise numbering young
gallant and thoughtless Americans who had
been seduced by his cOnfederates in this coun-
try to follow his fortunes, to crafty his whims
oAu oioebiAtyJ tuVJ "SIc vehement
prOtestations that his conduct to them was cor
rect in all respects, and his piratical 4" enter
prise" a perfectly legitimate one. Llready
they are at their old game of endeavoring to
deceive the American public relative to the
true character of his second organized attempt
to rob, murder and burn himself into the DOS
session Of the territory of friendly nation
As specimen Of the GOODNESS with which
they put forth false statements of the facts of
his affairs, We quote the following paragraph
from late number Of the Mobile Register:
I'VE know that IL has been Tumored that the
steamship Fashion was engaged in a fItbuster-
ing expedition; but this, We have been assur, d
by those who know, is not the case. Her cargo
Of merchandise was Inspected yesterday morning
by an officer sent board Of her for that purpose
by the collector for that port, and the ruIiiors
which bave been circ ulated relative to her being
loaded with arms, ammunition, &c, We're proved
to be without foundation. She cleared regularly
from the custom house, with an assorted cargo of
merchandise, shipped at private venture, under
the charge Of supercargo."