The daily union. [volume] (Washington [D.C.]) 1845-1857, 1846-06-05
95,OOO,OOO

alive millions sterling sunk forever is the small
extent Of sacrifice, past and present. which, for the
moment at least, the Mexican government is con-
tent TO require"
The "6ve millions sunk" is principal and inter-
est, loan Of only six and half millions This
is what Mexico does when she exerts herself to
maintain her credit In the markets where she re-
sorts for loans. Her domestic credit is at point
as much lower, as open robbery through forced
loans, which constitutes her ways and means at
home, is worse than even such promises, pledges,
and reputation.
In further illustration Of the financial condition of
Mexico, we subjoin the following passage from
recent article in the London Tmes
"Perhaps in no country---not even in Spain her.
self-have such ruinous expedients been adopted to
meet the exigences Of the moment A license, not
long ago, is stated to have been granted to mer.
camille house for the expectation of % 000, 900 in
bars, at reduced rate Of 81 per cent, return for
advance of half the duty in cash and the
der in paper Of the home debt, then worth only 90
to "a per cent in the home market, but received by
the government at par This hard bargain, it should
be observed, had the further consequence Of lessen
ing those receipts at the custom-houses, Of which
one-ffth is declared 10 be set apart for the English
bondhoders, but who thus wronged Of portion
Of them. Similar results have arisen, it il stated,
from licenses, at three different times for the intro
duction Of raw cotton, producing $780, 900 in antici
through the customhouses. No doubt the Mexican
government will be in situation to plead extreme
necessity for these desperate sacrifices; but if the
facts can be verified, they form a legitimate consid
Grafton for capitalists, who will dispense with
the same inquiry in the of government to
which they would subject any private firms who Of
fered their paper in the money-market.
Gas to Mexican deferred bonds, correspondent
suggests, that part Of the security certain
vacant lands in departments Of Texas and Califor-
MIA, the former Of which is absorbed by Brother
Jonathan and the latter likely soon to follow, the
bondholders should meet and petition Lord Aber-
deem to represent TO the American government that
the lands which they will no doubt offer for sale
among their other State lands are saddled with a
mortgage"
To pete the picture of desperation here pre-
scented, it is only necessary to remember that the
present government of Mexico is but military
usurpation--that il has no hold upon the hearts
of the people-that it forced itself into power
over the prostraton of whatever Of constitutional
law exists in Mexico-and, finally, that it can con.
tinue to hold power only SO long it can pay tn,
wages Of vensl soldiery, accustomed to transfer its
obedience from one leader to another at a moments
warning.
The result Of such state Of things cannot be
doubtful The only imaginable resource for Mexi'
co 10 the conhscation Of the church property, or
new loan from England. Judging from what We
know Of the popular feeling in Mexico, and Of the
vast influence the clergy, we should regard seiz
ure Of the ecclesiastical property as measure
too much at war with the national sentiment
to be ventured upon by any administration il