The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1858-06-02

we are wranglng with Great Britain about the
Bay Islands and the Mosquito protectorate France
threatens to step in, and settle the whole question
In dispute, by carrying off the bone. If any of our
readers wish to know anything further of the ante
cedents OF this NJ BELLY, and his peculiar quafca-
tons for the successful performance of the delicate
uuty OF defeating and thwarting the cherished
opJects or American policy in Central America
anu why his Imperial Master should take such a
deep interest in the affairs of that country, and in
the lsthmus Routes to the Pacifc-we will try to
tell them. NJ. FELIX BELLY is personal friend of
the Emperor, and shares it is said, his confidence
as well as his feelings of luminosity to this country
Two years ago, in one of the Partisan journals NJ.
BELLY over his own signature, published an article
upon the relations of the UNITED STATES with the
different States of Central America. In that article
he undertook to demonstrate how greedy, grasping
and unprincipled were the people and government
OF this country,-how utterly lost to all sense of
national honor, and how per6dious and piratcal
in all their dealings with other powers. Having
endeavored to impress this fact upon the minds of
the people of France NJ. BELLY is now engaged in
the same labor of love in Central America While
seeking in every possible way to ingratate himself
with the natives by means of French compliments
and Partisan cookery, he loses no opportunity to
show his thorough hatred of the UNITED STATES
and OF every thing American; and with what sue
cess he has striven to infse the same feelings into
those around him, we may Judge from the rejection
OF the CAss-IRlsARm treaty, and the reported re-
suits of the secret conferences which have been
MORA and MARTINEZ. Why LOUIS NAPOLEON should
be at such pains to obstruct our negotiations with
Nicaragua, and thus provoke a collision with this
country,-it is not easy to coniecture-unless we
credit a certain romantic story, never before in
print, we believe, but which we now give to the
public for what it is worth. The story is that
when LOUIS NAPOLEON was in the prison of Ham,
after his unsuccessful descent upon Boulogne a
plan was started for giving him his liberty, and
Kidding the government of LOUIS PHILIPPE of the
trouble of providing against any future attempts
on his part against the peace of France, and the
perpetuity of the Orleans dynasty, by making
him Emperor of Central America. The plan
originated, we believe with Don Francisco Cas-
TELLoN, then Nicaraguan Minister at Paris, met
the entire appreciation of the iustrious prisoner,
and was formally submitted to the French Govern
ment-but for some unknown reasons, failed
Whether this be so or not cannot positively af-
firm; but certain it is, that Louis NAPOLEON has
since turned his attention in a remarkable degree
to Central American affairs, and that among his
published works, will be found Wemoire which
he prepared with great care and decided ability,
upon the subject of an Inter-oceanic Canal across
the lsthmus. To speculate upon the possible re-
suits of such scheme as we have divulged, had it
ever been carried out, is now useless That such
a scheme if it ever existed, may have contributed
In part to the extraordinary interest manifested by
LOUIS NAPOLEON in the Central American question,
and to the unwonted activity displayed by NJ.
BELLY in frustrating all the plans of the present
Administration for the settlement of that question
on basis favorable to the interests of the UNITED
STATEs-is very possible.