Semi-weekly standard. [volume] (Raleigh, N.C.) 1853-18??, 1857-12-02

wxs11sdfos,a b: O, M. %, 1851.


The Kansas question has sg,in suddenly beecme
one Of imposing magnitude tas lcifcpl issue, and
it is feared thu another period II 1gitaaon VIII
spring OUT Of the turn it has taken. SomespPst!on
Of the hrthern Democratic press emPhaticalyed!sr+
approve Of the plan the Constitutional Conventiop,
submitting only one point to the verdict Of the peg
Pile and i 10 rumsred< that Governor Walker also
joins H. this dsapprovat He is now here, and, 70
FAR it has not auIhortatyely TRANSFERRED what view
he does take of it. 1t is possible that he may con-
cur with Ahe view tsken By the Adminisha ton thst
the real question atssue IS fairly subAted 70 the
action of the people under the ordinance adopted by
the Convention, and that it is isDmaterial whether
the whole Of its provisions were submitted or not.
It is admitted that the Convention possessed the
power to submit the Constitution or NOT, and Mr..
Buchsnsn arquiesces tn their decisiof.
Should Gov Walker geadorse the action of the
Convention as embracing the substance of his pro-
misses to the people of Kansas that the Gonsteuims
should be fairly submitted for their action, ispfobs
able that the portion of the Democratic press now
expressing dsapprova will also yield their first inn
pressous and ultimately coincide in the view that it
is safer policy to admit Kansas State under this
Constitution, however the question Of slavery may J.
be decided and thus remove this troublesome
question from Congress- than to run the risk of q
repetition of the political convulsions following the
passage of the Nebraska act and the repeal of the
Missouri Compromise act. But if Gov. Walker
chooses to persist in the perverse policy that hsa
characterized his course during his stay Id Kansas,
and take ground against the action Of the Conven-
ton, thus making issue with the AdmiEistIat on,
they will doubtless persist in fOmenting strife The
President and Gov. Walker reported to have had
lengthy interviews Kansas matters generally and
the knowing ones assert that perfect agreement
the TO be pursued hereafter has been reach
ed. Of course, the Administration is fully com.
mitted to the support of the action Of the Conven
tion Gov. Walker will also give it the weight Of bis
endorsement ..a
When the Constitution of Kansas has been pre-.
sented to Congress for the admission Of the new
State the subject will become a question of active
discussion. The vote the Constitution by the :
people OF Kansas will be taken the 9lst of De.
cember. The formal presentation of the Constitu-
ton will scarcely be made before the middle of JAN
uary. Discussion may arise before that period, but
only by way Of manifesting desire to renew the
agitation, whether a practical question is before.
Congress Or not Iii obvious, that those who com.
mence such premature discussion will be held re-
sponsible for whatever agitation may ensuc. When
the actual question is prt s.ntcd FIR dec sion discus
sion will be proper and in fact desirable that the
country may understand all its bearings in it's rev
phase. The settlement of this matter alone wilt
give great interest to the proceedings of Congress-
and anticipations prevail generally that the APP
preaching session will be Of more than ordinary
Importance. ee.<,.,,., ...<...,
Washington has suddenly become the centre DC
diplomatic movements connected with the condition
Of the Central American States, which are attract
ing unusual attention. Costa RIGA is represented
here by two ministers. Great Britain has one resi-:
dent minister here and another accredited to Cen
trail America, who is apparently inclined to stop
here. France has also her usual representative
here, and is soon to have another of like powers
with the duplicated Englishman. The French gov
eminent has not heretofore had representative in
Central America, and every body is wondering what
emergency has risen to require the pres nee Of d.
piomatst just at this moment. The individual Sc
lectcd makes the appointment of more s.nicance as
Monsieur Belly has gained notoriety in France for his
articles disparagng the, United States and landing
the good order, progress and civilization of Spanish
Central America!
The business Of these six diplomatsts just now IS
to settle Central American affairs. Mr.. Buchanan
has it in contemplation to recommend to Congress
in his message the formal abrogation Of the Clayton
Bulwer treaty; these dplOmatsts it is said, are en-
deavoring to dissuade him from taking this decisive
STEP This treaty has resulted in nothing but diplo
matte embarrassments and sound policy requires
that our government should withdraw from an - en-
tangling alliance" which, l may remark here, was
formed by Wing Administration protesting to hold
such things in especial horror There is an obvious
improperly in negotiating upon the internal con.
Germs of neighboring government with third pow
err and it is time had retraced the false step and
retracted the admission of the Clayton Bulwer trea
ty. Now is the proper time to -eleve ourselves
from this alliance, and hereafter settle directly with
two governments. England's influence on the AM
ercan 1sthmus grows out of this treaty. and she ia
therefore anxious to secure its perpetuaton. The
French Emperor, the faithful ally, comes to her
sistance and claims to be heard Also Ifnew compli
cations can be effected, European influence strength
ems its hold on the American continent and pretexts
presented for further interference. These ara
supposed to be the objects of this diplomatic con.
ference at this moment. - .
The financial news from Europe indicates that the
money panic is producing more disastrous ef
fects than it has done on the American SIDE Not
only have commercial firms fallen by scores and
banking houses tumbled down, but even the Bank
Of England ITSELF the great model of national banks
has succumbed to the pressure, and in fact suspen
ded specie payments That is the real fact disguis-
ed under an order of Council directing the snspen
sion OF its charter. The rate Of interest had been
raised to ten per cent, yet the demands for
discount were greater than ever and gold in de-
mand for Scotland and the United States. 1t is as
serted that the system of credits is much more ex-
banded in England than it has been in America and
that the crash will continue to produce disasters for
long time to come. On the continent the widest
schemes Of speculation have been INDUCED in, and
an expansion exists quite rs great as has been known
here within generation. In fact the commercial
system Of Europe is radically unsound, and every
thing indicates that period Of general liquidation
is at hand. Many Of the business establishments
abroad have grown to dimensions beyond the ability
Of their proprietors to control, and mismanagement
and bankruptcy we're the inevitable consequences.
The prevailing crisis disclcses their actual con.
dition. On this side, the condition Of things is i'm.
proving, although business has not revived. The
New York banks hold greater amount of specie
than ever before The country is paying its pdebt.
edness to the City. and every day is position be.
comes sounder> and safer,------ .o.,.,-
The new hall Of the House of Representatives win
be ready for use at the end of a week, but as the
walls are still damp and many of the COMMITTEES
and
transaction of its business, incomplete, it will
not be taken possession of until spring It is the