After the inauguration of Walker on the 12th of July, his cabinet was formed by the appointment of D. Fermin Ferrer as Minister of Relations, D. Mateo Pineda as Minister of War, and D. Manuel Carrascosa as Minister of Hacienda and Public Credit. The organization of the new government was duly communicated to the American Minister; and on the 19th of July Mr. Wheeler was received by the President at the government house in Granada. The Minister opened his address to the Executive of Nicaragua, saying: “I am directed by the President of the United States to notify you that I am instructed to establish relations with this State.” Mr. Wheeler thus showed himself far bolder and more decided than Mr. Pierce had been at Washington. It is true the government at Washington had instructed its minister “to establish relations” with the government of Nicaragua; but at the time the order was given it was thought Rivas would be in power at Granada. Mr. Marcy had also instructed Mr. Wheeler to ask explanations concerning the revocation of the charter of the Accessory Transit Company, and to request the discharge from the Nicaraguan army of two or three boys—among them a son and nephew, I think, of Senator Bayard of Delaware—who had run off from school and gone to Central America in search of novelty and adventure. Of course the explanations of the decree of revocation and the discharges of the boys could be obtained only from Walker; and hence the minister had either to disregard the orders of Mr. Marcy or to recognize the government of the lately-elected President. The message Mr. Pierce sent to Congress, touching the reception of Father Vigil, was strongly marked with the weakness and hesitation of American diplomacy. The whole tone of the message was apologetic; and the American President was throughout overcome by the false idea many people in the United States had formed as to the Nicaraguan movement being one of annexation to the Republic of the North. The representatives of France, Spain, Brazil, and the Spanish American States, at Washington, seeing the weakness of the United States, combined for the purpose of driving Father Vigil from the country. So well did they succeed, that the Minister of Nicaragua withdrew from the Federal Capital not many days after his reception, and thus Mr. Marcy, aided by the intrigues of the foreign representatives, might be able to take advantage of any opportunity circumstances afforded to relieve the American cabinet from the awkward position in which he fancied it had been placed. Hence the vexation of the Secretary of State may be imagined when he heard Mr. Wheeler had, in literally carrying out his instructions, recognized the government which displaced that of Rivas.