The daily union. [volume] (Washington [D.C.]) 1845-1857, 1845-09-02
lNTEREsrlNG DEVELOPMENTS.


Tn. reader will Judge, by the following statements,
os,he capacity of Mexico for carrying on war with
,hs United States. Ii is really amusing to see what
a variety of characters the present Minister oil
Finance. Seaor Luis de la Rosa, is compelled TO
.l,v, First, as a member of the Chamber Of Depu-
ties opposing twelve months ago, loan oil len mil
lions; and now, as Minister Of Finance, proposing
loan of 6fien, millions. How is it possible that
M.x;co can raise the loan for the war'-as Senior
Rosa tho deputy, would demonstrate to Senior
Rosa the minister
The Amigo del Pueblo Of Mexico, OF the /
r,,, contains long article on the subject of the
rropositon made by the ministry 10 Congress, for a
Ian Of fifteen millions of dollars, in order to conduct
the war IN Texas
The Minister of Finance, Of whose report and
,ronositon for the loan we published Translation
. few DAYS since, is Sehor Luis de la Rosa Now,
This ge teman was, last year, member OF the
Chamber of Deputies, and in that character was APP
no;,ed. with three other members, to examine a
nronositon for loan of ten millions OF dollars pre-
son,sd bv the expelled ministry the 30lh Of Au-
gnst 1874, in order to carry on this same war.
The committee reported against the proposition, and
their report, drawn up by Rosa rs chairman, con-
tanning most melancholy picture Of the finances of
Mexico, and showing that the loan, if it could pos
sibIv be Obtained must complete the ruin of the re-
public, is given at length in the Amigo.
From this report it appears that the foreign debt
Of Mexico amounts to more than fifty millions of
dollars, of which twenty millions begin to be pay
e al. -.
of this latter sum- and its interest, hundred mil
lions of acres in California Chihuahua, Sonora, New
Mexico, and Texas, equal to one-sxtb of all the
territory claimed by the republic, are mortgaged.
Mexican bonds bring no more than 80 per cent. in
London; and by loan to the amount required
would fall to 25 per cent? so that in the opinion OF
the committee, in order TO realize the ten millions ask
ed, an addition of forty millions to the national debt
will be necessary. Under these circumstances, the
committee declared that, although il would be desira-
bic and glorious to recover Texas, yet the nation
should not be ruined in order TO effect that end;
cordngly they recommended The rejection of the
nropositon conceiying that the rebelious province
might be brought to submission, by merely en-
ploying the regular means Of the State with econ
omy.
The proposition for loan of len millions was
accordingly rejected in October, ls44; yet this same
Sc nor Luis de la Rosa who then considered it inn
possible to raise that amount, without running the
State, now, in July, 1915, himself recommends
tina, the ministry, of which he forms part, should
be empowered 10 raise fifteen Millions by ertaordi.
nary means--ceriainly not less ruinous than those
rejected by him few months before.
The Amigo then asks the question, how far IF
teen millions of dollars would suffice for the conenl-
plated purpose. The nation has never had thirty
thousand men under arms since its independence
was completed; yet the annual army appropriations
have been less than twelve millions of dollars.
Will not a larger number of men be required, if
Texas is to be reconquered' Can this be certainly
done in year. May no checks be anticipated
After the reconquest, will the country always re-
main in quiet subsection, without the necessity of
borrowing any more mionsi
"The ministry" says the Amigo, "talks Of war,
but has no intention of making it. The opposition
is regarded by it much greater evil than the loss
ofTexas; and its own displacement the heaviest
calamity with which Mexico can be afflicted"