The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1845-08-21

and published by us In this city, yesterday, furnish
us with the intelligence of another step taken by the
Mexican government towardsa war with the United
States A pyojet of a law for declaring war immed-
ately and for raising fifteen millions of dollars
ry military operations has been presented by the
Executive of Mexico TO the Congress of that repub
lie. This took place on the 2lst of July agreeaby
TO the lntimaons given out by previous accounts
received by way of New Orleans measure for
the declaration OF war was, therefore, at last ac-
counts before the Congress of Mexico, and the ques
zion Immediately arises what probability is there of
that body passing directly and aflimalively on the
measure and preclpitang hostilities at oncel
On tie probability of the Mexican Congress de-
claring war there eXistvarous opinions. Many sup.
pose that they will content themselves with violent
harangues against the United States and empty de-
nuncatons Of the annexation of Texas, but viii
take care before they proceed 10 bring the country
into state OF active hostility by any act of theirs
The tendency OF general election in that republic
and the popularity sought tor by all parties, throws
them INTO violent opposition TO the United States
ex ressons OF the utmost hostility to the annexation
me sure. St II is supposed that good sense and dis
ere on-that the utter impossibility of such
weak power Mexico contending sue
cessfully with such strong power as he
United States, will prevail with men OF cool
ness IN the Mexican Congress, and prevent them
from passing the Rubicon at once MANY, however
dltier from these opinions and with great probabi
~, as being more accurate than those who entertain
the contrary. The violent spir-the reckessness-
the ignorance and the folly which prevail in Mexico
and must pervade her counsels, may probably have
greater chance OF succe eding than moderate coun
sells In that alternative there can be no doubt that
after bret space of time the declaration of war
will be agreed to, and then comes up the important
question, how that is TO be carried out, and what
VIII be the form which the hostile operations OF
Mexico will assume
II is utterly impossible for Mexico, in prosecuting
war with the U tied States to reach us at any tan
gibe point excepby the issuing of letters of maraue
ana reprlsal, and thus attacking the American COM
merce that may be afoat on the Pacific On the At
antic sea-board and along the frontier they can be
met with more than sufficient force to settle the bu-
slness IN very short time, but on the Pacific from
the scattered condition of the American shipping in.
terests there tits possible should letters omaraue be
issued, that the Mexicans may do us great deal of
damage, even in spite of the American naval forces
In that quarter. In such case, the United States
government is prepared to strike blow at once up
on Texas from the Atlantic and TO proceed with
those who may take part in the act fpiracy, as will
be considered. upon American commerce. We do
not think, however, that in case of violent or vim
dictlve hostillties on the part of Mexico orr 40
vernment ought TO proceed step without the ad-
vice of Congress, which ought to be convened at
Washington as soon as possible. Many of the ad
visers of Mr. Polk at Washington, are in favor OF
moderate measures-of preserving themselves
on the defensye-but such a course of action. if
persisted in, will end in utter defeat and disgrace
Nothing but the most prompt, vigorous determined
and resoluie conduct the part of the United
States government, In carrying on the hosities il
they should occur, ought to be adopted and patron
lsed by the Executive, and in order to do that with
effect and the whole power of the nation Congress
should be called, In order enable the government
TO equip formidable fleet at sea, and formidable
army on shore, to carry out the war with vigor and
despatch.
The effect OF this movement the part of Mex
leo, growing out of the Texan affair." even with the
apparent inactivity and neutrality of the great pow
ers OF Europe, is beginning to be felt in our com
merclal relations. The government stocks have
been falling for some days, although the depres-
sion has not yet reached State and other stocks.
In TACT, the government stocks will be the first to
tall, TOR the very first movement in the prosecution
OF such war will require expenditure of nearly
the whole OF the surplus revenue now in the hands
OF the repositories of the government amounting TO
eight or ten millions. An immediate demand OF
such sum from the repositories, scattered through
out the country, would, of course create a sudden
pressure IN tne money markell scarcity of money
and fall OF stocks. This is the effsct on the stock
market. In general commercial affairs the effect is
somewhat different The imports from foreign
countries, France and England, are now, and for
some time past have been increasing very rapidly
AID are equal to, If not greater than what they
Were al any former period for some years past The
de scrlption and character of the merchandise inn
ported IN such quantities belong, probably, TO that
class which is not freely and as cheaply manufac-
tured IN this country, and in the event of any diff
Guilty with European powers, would be the means Of
giving immense fortunes TO the importers Another
singular effect growing of this Mexican war will
be Increased activity at the sea-ports and immense
fortunes made by navy agents. Collectors and other
officers cannot be benefited all by these expendi-
lures; out we should not be at all surprised to see
Inc haVy-agents OF New York, Pensacola and New
oneahs IN case OF war, realizing, in the first six
months, 100000 each by their usual per cenaoe on
the operations in behalf of the government.
Thus stand our very peculiar relations with Mexi-
co at this time. They are in most intricate and
important condition. A few days will determine,
but at present it is the soundes policy for reason
able men to expect the worst, for the probabilities
are decidedly in favor of war
ABOLITION RIOTS IN LEXINGTON, KENTUCKY
we have received hand-bill containing an account
oil proceedings which have been sent by commit
Tee 10 Casslus M. Clay requesting him to discon
uhue uie papilcatlon OF abolition paper in that
quarter 1t seems there was a public meeting held
and that series OF resolutions were drawn no. re-
questlng him to desist from publishing his journal
lie has published the resolutions and all. DECLARING
his intention to publish the abolition oaper there