From he Peas7coia Democrat, Erfra) lIarci 3)

 LATE FROM MEXICO.
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On the 18th Mir. Dimond was informed bv letter from Mr. Parrot of the Legation, that Mr. Sidell had demanded his passports, hay ing been refused reception as Minister, al- though the Mexican Cabinet expressed per feet willingness to treat with Commissions CT on the Texas question. He also wrote that Mr. Slidel would be in Vera Cruz in the course of week, and would immediately take passage therelrom for fhe United States. The St. Mary's was in rediness for his ac- commVdation when we left.

 On the l7th Com. Conner received a let ter from Mr. Black, our Consul in Mexico He appeared 10 be somewhat eXhiIara,cd by the cheering intelligence brought from EnG- land by the Cambria, which he had just re- celyed. He writes that if this news had beer sooner received Mr. Sldell would have been received, and tIrcWs out suggestion that our Mission may be accepted at the lates momeut Although hlr. Blacks location should give him many advantages for form ing accurate opinions, do not think we have much reason for hoping that his hopes will be realized, although almost anv-thino may be expected from the unstable councils of Mexico, Mir. Slidell has certainly deman- ded his passports at a fortunate moment when ihe news from England and the state of the country, and more especially the fears of our squadron, are conspring to act on the irresolution ofMeXico. The people oi Vera Cruz are awlully frightened and are as will be seen by the newspapors) moving out ot the city. The Mexican Navy has been taken in two of the steamers to place of absolute safety, far up one of the neghbor- ing rivers. The people of Vera Cruz wish to see the question between Us settled, and having never been very warmly attached to the. revolutionary government, threaten a ProaanciGmcato unless their Wishes are re parded