The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-11-17

/ fea hhcot Solu W tue extent OF oOVcV u iV,Vv
bushels al prices given in another column. Corn
was in light supply, and prices were frmer closing
at SOC 81 &c. for Western mixed Pork sold at SIC SO
$40 62k for mess, and at SIT for prime. Sugars
were heavy but active with sales of about 900 hhds
Cuba muscovado. with small 10. of Porto Rico, and 800
hhds moado, at prices given elsewhere Molasses
also active and included sales OF $50 bb new crop New
Orleans at 4Oc. 100 hhds Cuba muscovado at 2lc and
go do poor quality do. on private terms Coffee was
quiet and prices steady. Freghs-Engagements were
moderate and the current rates Of Saturday buoyan
Recognition OF Nicaragua-Nevw Treaty Set
| Ting the Transit Route.
Our Washington correspondents advise us
that the Cabinet has determined to recognise
the existing government Of Nicaragua and to
receive Senior Yrisarri, as Minister; and that,
moreover, treaty has been privately nego-
tiated with that republic and will be signed at
once, placing the whole of the pending ques-
| tions about the Transit route upon satisfacto-
| ry footing. Our correspondents differ some
what as to the terms Of the treaty, and we pub
lish their dispatches as we have received them,
without endeayoring to make them confirm
each other. Tomorrow or next day we shall
I probably have further advices in regard to this
important matter.
The contamination of this event has no doubt
been fastened by the sudden departure of Gen.
Walker from New Orleans as is supposed for
the purpose of endeavoring to begin again the
war in Central America; and it puts an effec-
| tive quietus on his claim to the Presidency of
Nicaragua, and through this to the plans of the
Southern lilibusters and fre-eaters in that
direction. What effect it will have upon the
contending parties who claim to hold grants of
the Transit route through Lake Nicaragua we
| cannot judge until we learn the terms of the
| new treaty. From information which we pub
| lished some time back in relation to this point,
we have reason to believe that the government
will provide for indemnity and satisfaction
to the bona .fde American citizens and
non-combatants who have been sufferers
by the unlawful acts of Nicaragua and her al
lies, and will leave the question of the Transit
route grant to the decision of the legal tribu-
nails of that republic.
| Our Washington correspondents letter pub
lished yesterday stated that the State Depart
ment had been for some days examining the
| question of boundary between Nicaragua and
Costa Rica, and it is not at all improbable that
the new treaty is one partaking Of an advisa-
tory character, and that it is acquiesced in by
the British government through Lord Napier
and Sir William Gore Ouseley, similar to the
Webster and Champion treaty of 1850. But
whether this be the case or not is of little
consequence, for Great Britain with the many
irons she has in the fire in the East, is rapidly
coming to the conclusion that ii will be much
better for her and for the interests of her sub
jects to acquiesce in our government taking a
leading part in all questions relating to this
continent. Whatever course Mr.. Buchanan and
relation to Costa RIGA and Nicaragua, will be
guided by an eminent sense of justice to those
republics, and high regard for the interests
of all commercial nations in securing the
peaceful transit Of that isthmus 1t will,
| no doubt, have also the effect of con-
tributing to the peaceful arrangement
of the difficulties now pending between
Costa RIGA and Nicaragua. Some light will be
thrown on these by succinct sketch of recent
events there, so far as our advices reach.
After the capitulation and departure of the
filibusters from Rivas. the allied troops with
drew from Nicaragua, with the exception of u
few Costa Ricans. Gen. Martinez and Gen.
Jerez then took possession of the government,
dcposing the pro ten. President Riyas, and pro-
ceeded to call an election by the people. At
our latest advces it was pretty well ascertained
that Gen. Martinez had received a majority of
the popular vote. In the meantime the Costa
Rican forces were gradually withdrawn, as the
country became organized, and Fort San Carlos,
on the San Juan river at its outlet from Lake
Nicaragua. was handed over to Nicaragua; but
Col Cauty with Costa Rican force held the
lower part OF the river and Punta Arenas at its
mouth President Mora being DESTROYS Of &C.
curing from Nicaragua an acknowledgment of
the claim of Costa RIGA to all the territory on
Ae right bank Of that river, and TO become
participant in the grant of the Transit route,
proposed several arrangements to the dual
! government of Martinez and Jerez. From the
| complaining and even menacing tone held by the
official journals of Costa Rica, and the recent
demand for the surrender Of Fort San Carlos.
made by Col Cauty Immediately on his recent
return from San joss to the river, it is to be
presumed that these negotiations have all fallen
through and that President Mora is DESTROYS of
getting complete possession Of the territory, as
the hest key to ultimate diplomacy with
| Spanish American government.
Besides these chickering's Costa Rica has as
sumcd a right to cede the privilege of the
Transit route, and made what has been known
as the Webster and Harris grant to Commodores
Morgan and Garrison. From the complaints
and accusations Of her official organs we
learned that at the same time Generals Mar
tines and Jerez made like grant Of the Transit
route to an agent of Commodore Vanderbilt.
As Commodore Morgan did not comply with
The payments stipulated by the Webster and