The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-09-29

and some buls, he expended 700, 900 francs -all
the money he brought with him-and he called
the village San Felix, after himself, which led
! to row between him and the Commandan.
Both the English and American governments
were kcrt in state Of constant alarm
lest some exclusive advantage should be oh
tanned by treaty for France; for it was part Of
Belly's system to give out that he was author
ised in what he did by Louis Napoleon But
how are the mighty fallen!
When we recollect the flourish of trumpes
made by the snowy Frcnchman, and now
contrast with it his lame and impotent conclu.
sion, we cannot help exclaiming, "Look upon
that picture, and on thisp The splendid phan
tom has vanished like the baseess fabric OF
vision. Nicaragua seems destined to be the
grave of brilliant hopes and grand enter.
prises, both civil and military. Belly's canal
and his engineers, Walkers military republic
and his flibusters, have shared the same fate.
EXPLOITATION OF SrEcIE-OUR MINERAL
CRops-The steadily increasing amounts Of
specie which are being shipped from this port
furnish every now and then occasion for
alarmist speculations to the Wall street brokers.
On Saturday there went out by the Persia
$2,6S3,573, being, with ono exception, the
argest shipment ever made in one day from
New York On the 25th of May last, the excep-
ton to which we refer, the amount sent out
was S3,007 ,5s9 We question ifany one of the far
famed argosies of the Spanish galleons ever
equalled this aggregate of treasure
Whatever may be thought by others of this
progressive increase in the expectation of the
precious metals we see nothing in it to inspire
the least apprehension. II is but feature and
| legitimate one, of the progress and develope-
ment Of the country itself. With the multiple
cation OF machinery in the mining regions the
continual discovery of UNEMPLOYED and appa-
| rently inexhaustibe fields of mining enter
prise, and the opening up OF new routes and
o,her facilities for getting their products
to the seabOard, the supply of the
precious metals must, in the natural course Of
things, be always on the increase. That there
is no limit to this supply would seem to be in
Dictated by the enormous results which the Cali
fornian mines still continue to yield From the
Nebraska gold fields accounts have recently
reached us which place their richness beyond
all further cavil. In another column will be
found the report of the special commissioner
appointed by the Governor of the Territory to
investigate the resources and prospects of the
mines He states that gold exists in paying
,boIo
Nebraska and portion of Northwestern Kan
sas, and that in most of the diggngs he had
| visited the miners were making, with imper-
feet implements, from five to twenty-five dol
lars a day. From these facts some idea may
be formed of the wealth that they will yield
when the requisite machinery is brought to
bear on the auriferous resources of that extern
sive mineral region.
Whilst the supply of gold seems to promise
results greater than any that have as yet been
attained, that Of silver is equally likely to in
crease in amount. As soon as a route is Open
ed up from Arizona to the Gulf of California,
and capital is brought to bear on the rich mine
raj lodes Of the Territory, there is no doubt that
immense quantities of the latter will be shipped
to this port. In the supply of COAL copper
and lead the Development of our mining in
terests will also produce a corresponding aug
mentation. Thus the crops of the precious
metals like our cereals, will be continually
adding to the riches and prosperity of the coun-
try. few years ago the shipment of specie
was looked upon as bad sign in the COM
merce of the country Now it has ceased to be
bugbear: gold and silver, like cotton and
wheat, forming a portion of the regular
products of the country AS matter
of course, the surplus that we do not
require will find its way to the markets
where it commands the highest premium To
argue that its expectation makes us poorer
would be tantamount to saying that what we
do not want to use ourselves had better be left
idle than be allowed to benefit Others
The LATE AMERICAN STATE CoNvENTIoN-FIAr
REBELLION IN THE CAMP.-James w. Hustled,
Secretary of the American State Council, James
w. Reynolds, editor and proprietor of the
Essex County Republican, and some twenty-five
other delegates to the late American State
Convention at Utica, have joined in "Protest"
against the proceedings of said Convention,
addressed "to the independent Americans Of
the State of New York" In this protest it is
declared that " the American party has at last
fallen victim to the snare of its enemies;''
that the Convention guilty of this treachery to
the party-the halfand-half republican and
democratic mixed ticket-has released the
Americans of New York from every obligation
to recognize its action" Accordingly, these
protesting delegates further declare that,
choosing to retain our Independent position
| rather than, as Swiss, to be bartered at will,
we shall, during the pending canvass be
guided by such rules of political action as,