The Washington union. [volume] (City of Washington [D.C.]) 1857-1859, 1858-08-14
FROM OUR OWN CORRESPONDENT
NEW YonK, Thursday Mighty


NEW YonK, Thursday Mighty
August H. 1858.
The presence of American shps-of war at ST. Juan del
Sur, the that other vcsselsofwar their way
to Roaleo, and the announcement that United States
squadron To San Juan del Nore, has created
little excitement by all accounts in Nicaragua and
particularly among the political leaders of that wotched
little republic assembled at Managua
1t is said by those who in position to know that
President Martinez is exceedingly hostile in his DISPOSE
ton towards this country, and that if he dare he would
give good deal of trouble lie did not that
his declaration appended to the canal contract Of the
mysterious Belly should have been made public SO soon
or that should have learned for time to
how he striving to hoodwink Bely's enth,isi-
spoiled everything If it not for the
BILE mpetuosty Of the versatile little Frcnchman, and his
anxiety to make known to the whole world his brilliant
achievements in the fields of enterprise, finance, cngi
neering diplomacy, and government, the Nicaraguan
Pozzo d Borgo would have outwted the United States
formed the most complicated conederatioDs established
protectoates and obtained the protection in turn of Mo-
naco Sardinia, and other maritime powers and, in
short, would have done variety of great deeds by
which the of Martinez would have become illus
rious, and Nicaragua raised to high position in the
family of nations. Now, the whole programme must be
altered The big guns Of the Saranac and other Ameri
ships potent argument, which the genius
of Martinez cannot find the to resist 1t may be
very dsagreeablo to assent to the Cass Yssar treaty
to be held responsible for series of outrages committed
by Nicaraguan officials United States citizens but it
is better to submit to the ndigny than to the broadsde
of the Saranac and the probabilities that Martinez
will at once como to terms.
1t is well known that the Ncaraguan people do not APP
prove the nsolent lodges which the Nraguan statesmen
N have resoted to in their dealings with this country and
it is also well known that they would gladly any change
effected which would them from the present state
of anarchy and confusion in which they have been placed
by the wranglng and selfish ntgues Of their unscrupu-
lous political leaders.
The President Jarcz has been despatched to Wash
ington with view partly to shuttle and gain time, and
give the active Belly sufficient opportunity to carry out
his great plans, and partly to remove for Martnezs
venience dangerous rival near the throne However
successful the latter dodge may prove, have abiding
faith that the former will signally fail
/ have it from good authority that Martinez
strongly urged to resist the ratification of the Cass YRS
sari treaty. by Vanderbilt and Horace f. Clas agents,
and at the express instance Of these worthless Even Belly
would have found it hard to persuade Martinez to be in
solent to the United States if he not aided by the
gallant commodore and his honorable sonn law, the M.
G. from New York.
in Nicaragua and that the Joe White Companyth old
Atlantic and Pacific Canal Companywill be recognised
The grantees of the transit notwithstanding the
$780, 900 sent by Vanderbilt Ito clinch the matter,
and the Establishments and high toned diplomacy OF the
ingenious Horace.
The Atlantic and Pacific Canal Company have made
call on the shareholders of ten per cent which is be-
ing cheerfuy answered They have purchased the Her
and City Of Washington to the Pacific side,
the Hermann has already gomez and have the boats for
the river and lake navigation ready to send forward carly
in September. The directors are John T. Yeverton,
Richard Varcl, Joseph L. White, John b. Purroy, James
HYDE and d. L. White. / am informed that confident
expectations formed that the route will be regularly
open early in October
1t has been decided by the joint committee Of the
council who were appointed to arrange the most
suitable means of celebrating the laying of the Atlantic
telegraph cable that there to be two separate ccre
moncs-the one as the Queens message to the
President is received consisting Of salutes of 100 guns
in front of the City Hail. at the Battery, and in the Cen
trail arI of hells nfiaua az he
other in honor of Captain Hudson the officers of the
Niagara, Mr. Field MIR. Morse, and the other gentlemen
who took prominent part in the enterprise, consisting
Of the gun firing, &C., and great civic banquet The
to be voted to the expense of the two fcsv
ties has not yet been fixed. The aldermen proposed
$4,000 aud the councilmen 5000 but the general
impression to be that both propositions exorbi
tant, and that much smaller sum will suffice to cele
brate the great event in suitable manner.
The improved feeling in the money market continues
but the amount of capital seeking Investment far
ahead of the demand tho rates of discount remain
changed 1t is thought that the market will now con-
nuc to improve, and that the opening of the fall trade
will create demand for money which will prevent
lapse into the inactivity which prevailed during the
mcr.
The foreign exchange market is very dull and prices
rather lower than otherwise. Bankers sterling may be
quoted at 1924 1929, the latter outside rate and
francs 5.12a 5. 1T, with demand The Star OF the
West has arrived with 81 800 600 in specie from Caor
MIA Commercial bills arc exceeding
The stock market is still very heavy and dull with
marked downward tendency in prices. New York Cen
trail fell at the first board to II Erie declined and
Pacific Mail IL. Illinois Central per cent Mich
Central fell / ; Panama, I Cleveland Toledo, 1 ;
Mich. South, 4 and Galena & Chicago rose T. State
stocks steady at frmer prices Railroad bonds
unchanged There sales of the new loan at the
board Some private sales Of smnll parcels
toned at l04 which, counting the interest from August
Is to january 1, 1884, is equivalent to LOG.
AT the second board the extreme dulncss continued
without any material change in prices.
There fair business doing to-day in sound flour
at fair prices. Wheat dull, but unchanged. Corn
much depressed Pork was heavy and shade lower
Beef steady. Cotton dull at nominal prices.
Sugars quiet
The cash transactions at the subtrcasuy for the day
were follows
Receipts. OIL p9s
Payments. Io4gt rs
Received account Of loan, sl,so7,ooo.