The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-12-11

bit of Diplomatic Hlsory-Orgin Of ne NesO Hnroys
Arpo.ntnent-The Wfr1uiier Of The American Le9a
ton IL, Lcndon-Wdy ia which bdteot Influences
brought to Bear uron Foreign Policy7he Late CT
teal Condition Of tie Anglo american Houses-Doah
f,a Position Of the Bank Of Engand-A Sharp Trick Wy
a London Booking Hbuse, dc, dc,
The mission Of Sir W. Gore Ouseiey has excited as much
speculation here will probably do ut your side OF the
water Our political guild cannot understand why,
with sensible clear headed like Lord Napier
Mr. Buchanan, there any necessity for such mission
at all II is reality at Washington and not in Honduras
Costa Rica Nicaragua that the Central American qucs
ton will have to be settled Why a proverba'ly slow
and heavy diplomast like Sir Gore 0useey should be
leced the knot Of the difficulty, few people here
can understand The surprise occasioncd by this appoint
the greater from the fact that this gentleman has
never been favorie OF Lord Palmerston. and that the
dislike is heartily reciprocated Sir Gore Ouseey
an employee under Lord Aberdeen but was thrown over
when that nobleman last into Office, title being
given him by way Of solace to his wounded ambition In
other words he genteely shelved
What the reasons them you will ask which die
tated this appointments will tell you Mr.. Buchanan's
opinions the subject Of the Clayton Buwer treaty have
long been known TO the British Cabinet After the reiec
ton Of the last project of arrangement amended by the
Senate Mr.. Buchanan declared that he would nego
tate until Lord Palmerson acknowledged the indcpcn-
lord Palmerston by Lord Napier, with the additional
information if the British government did choose
to accede to this condition. Mr. Buchanan would lay
before Congress for the country aud the to
his ordshp did not relish prospect which this ntina
ton held out to him. He was quite decided however not
could by any possbiy be avoided A, this iuncture the
house Of Barring Brothers, in the OF Joshua Bates,
friend of Mr. Buchanan mpored OF Lord Pamerston
not to eoparze the peace and of the
two countries & e. the interests Of Barring Bro,herso
ciatc the difficulty, through his intimacy with Mr. Blu
chanan and his American connections.
proceed further let state exactly the nature
of Ouseey pretensions in these rcgari u.s. For
years this gentleman has been in the habit Of running
after the American Ministers in London from blind in
snct perhaps, that they might prove useful to him at
period other. He has also steadily cultivated
from the same motive the leading American financial
houses London, such Barngs and Peahody's. This
he the easily enabled 10 do from the importance
which his diplomatic antecedents impaired 10 hm in Ane
rcan eyes. During the whole OF Mr.. Buchanans mission
London Sir Gore Ouseley continually running to his
house. poar fdre ante chamatre the French say The
supposed influence with which these circumstances invest
ed him. rendered him in the eyes OF Mr. Bates the most
fitting agent that could DO despatched this delicate
Lord Palmerstcn, notwithstanding his old prcjudces In
stanty caught at Mr. Bates suggestion. He felt thai the
difficulty was that could not be met in ordinary
straightforward way and he INDUCED the hope that the
Ouselcy mission would anticipate the dreaded message and
would lead to the renewal OF negotiations without his be-
ing obliged to concede Mr.. Buchanan sine qua With
the tenacty that forms distinguishing feature in his
character he Is resolved to the abrogaon
| Of the Clay ton Bulwer treaty until he has tried all
the shifts and subterfuges that diplomacy furnish
Sir Ouseley instructions therefore, to repair
Washington take the sting of the message and
then post OFF Central America, where he pretend
TO cooperate with Mr. Buchanan 80 as TO keep the in
uence OF the United States always under II the Pres
dent only remains faithful to the sentiments which he was
known by his friends to entertain on this question while
| In London all these cunningly elaborated mnnuuyrcs
must end in discontinue and disappointment.
With regard TO the concealed actor In these arrange
mcns let me say few words The political influence of
Il NJ nat.G hax hpan MT rgsnpd In Tho
United States, and II is time that should receive its just
appreciation have had my eye on this gentleman since
1886 and during all that time consider him TO have been
Tho acting American Minister in London He natural
lied British subject and the of real estate in Eng
land but connected commercially with tho United States
Always rapport with the British government he has,
the great benefit and assistance of the latter under
succeeded except in the single instance Of Mr. Buchanan
who fully alive TO the fact to allow himself be
made dupe Of The cumming nnancier leads our repre-
town sleeping them at his villa at Sheen, and retailing
goSs about The Queen and her infant family fresh from
his daughter, Madame Van dc wcycr. Al the present
moment Mr. Bates our only Minister for know that
the personal relations between the President and Mr. BAL
las such that no business whatever Is carried
the Legation here. All matters Of importance
acted at Washington Mr.. nallas viii no, resign, that he
bas decided upon; that there anything he done,
Mr. Bates usual volunteers and corresponds with the
White House Thus appears We have two Minister'S in
Lsndon-,he nominal, the other real Our Minister'S
are generally speaking aristocrac
habits and courtly Ceremonies, that Mr. Rates protrc
ton H. gratefully accepted until they get over their fright
and then they find themselves in hc plight Of the horse
in the fable.
Mr. Bates 5 monopoly Of the American Ministers here
has been holly contested for the las, six years
by Mr. Peabody. The struggle between these Titans
the body and soul OF the American representative began
with the advent Of poor Abbot Lawrence MIR Bates gave
hm grand concert, and TO The expense oC having
all the principal opera singers. MI Peabody gol up
| rival entertainments grand bal-and gave all the
ladies bouquet Both made dash AZ Mr. Ichanan: but
Peabody lost the prize, whilst Bates also failed 10
swallows tho Richmond dinners Of Peabody and the coun
scls Of Bates, and to "a, in spite Of both.
But alas the course Of diplomacy like true love
does smooth for suddenly there along the
bound Of terrible panic and the effect these two
great financial gladators has been 81 the most disturbing
character Instead 81 pleasantly making upon each
other by opposition balls. concerts and dinners,
they have been compelled to join hands under the pres
sure and mutually do their best prop up the huge
financial structures they have raised, ncnaccd they
have been by the storm 81 commercial disaster which has
swept from your side Both dreadully in want of
assistance from the Bank o. England but both were
equally ashamed 10 beg for H. AT last Peabody In
duccd 10 save Bates from the humiliation and 10 pay the
part Of NE monkey by drawing the burnt ches,nu,s from
the Gre. Armed with the securities OF Barring Brothers,
the London Joint stock Bank and the Union Bank he went
boldly morning into the bank Iaror, and dcrnapdcd
the loan OF million sterling telling We directors that he
did not &c, and all the other leading American houses
fall and bring general ruin In their train The drcc
tors, terrified at the prospects which he held
them, paid him down the money, all in paper,
II H. said The thus obtained divided between
Peabody, the Earrings aud the banks just mentioned,
who ali stood sadly IN need of H. Whether the Bank Of
England acted prudcny in yielding the pressure
and granting the immense extent OF accommodation that
Il has done remains To be The OF nion amongst
well informed men here that its position Is full OF dan
ger and that would have been better for its inter
and those OF the Cosntry II had continued 30
tract instead Of expanding IL loans That the directors
lost their presence o mind and suffered themselves
buied into measures Of which their cooler Judgment
would have dsapproved Is now pretty evident You
have heard OF course OF the trick played them by
Overend Quincy This house Ia said ordinarily
ten millions call In the height OF the panic they
10 the Bank OF England for s56s 900 In gold "Thcy
most have il or break, The bank was alarmed nj such
contingency, and gave 10 them. They sent again next
morning and asked for further Of f250 and got
/ mt ant Tho gold
but only took these precautions in the apprehension Of
| run beng made upon them.
You have the account OF the late canine present.
ton her Majesty The Quccn Is said to have been
ceedngy cordial on the OCCASION the animal being from
Pennsylvania with royal appellationboth sufficiently
| strong claims TO her favor.
| A BANNER CownIDED ny A LADY, IN VISION
sN.-A correspondent Of the Chicago Tribune, writing
L L. ]. .l.-.1 L. -las4 a --.aI