The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-11-23


CONSENT TO IT-DANKING OBSERVATION-DISCLOSURES
OF BuENOS AYRES, ETC., ETC.
From the London Times, Oct 21.l
The following mercantile communication by the Brazil
mail gives the latest details Of financial and commercial
prospects in the River Hattie An important reciprocity
treaty appears be contemplated between Brazil and
Montevdeo With regard Buenos Ayres the satisfac-
tory and novel statement made that the government is
in honest hands,
Everybody is busy about the elections, which TO
come on on the Goth of November The Bancos are using
the efforts 10 the majority; but
even if they succeed IL is not certain that 0rbe will be
acknowledged a their un9isputed head. There Is
sdered his outandont partissns. Had our Pre-
sident been the man he once was, and As at his
election it was fondly anticipated he continued TO
be, these struggles would have almost terminated.
1t expected that the next packet will bring new
treaty from Rio de Janero of nature that will be highly
favorable both this country and ultimately Brazil;
but il is doubtful if it be carried Neither Eng
land France the United States are likely to look on in
silence.
If am correctly informed, the produce of Monte
video be admitted into Brazil free of all duties and in
like the produce of the empire Is To be admitted
into the Uruguay republic. As, unless II Us crked beef,
we send nothing of importance TO Brazil, while
ceve sugar coffee, rice tobacco, ycrba and many
Other articles; which pay hgh duty, .ne recproeIy
for it, apparent sacrifices Brazil is to advance Loan al
an interest Of six per cent per annum 600 duros,
which To be devoted to the sinking Of all military
pensions and half pay that the country be relieved
Of the incubus that parayzes all progress Neither France
England sends the articles enumerated, and, proba
bly, wheat is the only article that would affect the United
States but IL is question If either Of those countries will
silently submit to preference which, in fact Is only
nominal.
should this treaty he carried on, the revenue of this
republic would for two or three years he seriously dm
nished, and as the guaranteed bondholders accepted
the arrangement IN the supposon that the
present customs duties would not be seriously reduced,
they will have fair claim, through the Foreign Once,
for compensation Indeed, do not see how our govern
could sanction positive inracton OF their
tract for the contract IL q their making. There Is
dispute between the Montcvidcan government and her
Naesys Charge Afaires respecting the condition OF the
contract The former exhibiting another proof Of want
Of all good faith and honesty II Is to be hoped
Mr. Thornton will not give in, and that be will be tho
roughly supported by lord Clarendon The claim OF Mr.
Gonnouhou which recognized the beginning Of last
year, and on which some monthly instamcnts were paid
and then suspended has been approved by both Cham
bes. consequently the government has Zen itself com
PEELED to resume payment
should have informed you in my las, that this govern
ment has at length agreed 10 the aprontmen, Of British
and French commissioners 10 arrange, in conjunction with
national commissioners, the amount and mode Of settle
ment Of British and FRENCH claims arising ont Of losscs
during the Invasion, II Is Ia he hoped thai claims justly
chargoabe against the government of Duenos Ayrcs viii
not he saddlcd upon this poor country particularly ~
many Of those claims from the miserable policy q
the European governments. The commissioners should
be sent from England and France, and they should be
Of great hrmness Of character Neither Mr. Thorn
ton NJ Maifer, who represent those governments
here should be ntusted with this business for although
highly respected they have other matters TO attend To-
Nana's bank Of issue has now been In operation Cor
month and o Judge from the Papers docs not give much
satisfaction No large notes remain in circulation, and
probably me-, more than $500 value Of small notes Il
The rate Of discount IL II per cent, and the allow
OF interest deposit 10 per cent The French pro
jet known here as Nencks Rank nnds more favor with
the public than formerly. The renewed privileges 90
home by this packet, and the last chance y Afforded 70
the French capitalists "a establish bank here, which
could rs 10 produce large proofs particularly " the
emigration scheme added 81 H. Tho streets
somewhat ceansed and We have almost forgotten
the fever visited Us Exchange, 4aad.
Buenos Ayres never well governed as now. The
IN power honest and may he hoped the people
will appreciate virtue rare among those who aspire TO
govern these countries. The nundatons have carried
~ multudes &C sheen, and u caIc tod the present
years crop Of wool vii not exceed that Of last year
While Buenos Ayres continues u progress in prosperity
the Argentine Confederation appears 70 be getting into
debt Urquza IL not the man wanted for the .oaeon
He too personal In state matters. A. Governor Of -
R@ he prohibits the expectation of sheep an exef
cscs many other arbitrary acts A. present he b. og
Ecrheads with Paraguay, and there II tall ~ war BE-
tween that republic and Brazil, which, however, 10
hopcd nav be averted.