The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1847-12-01
MONEY MARKET.
Tuesday, Nov. 3o-oP. M.

There Is no new feature In the stock market TO-DAY
Very little variation took place in prices and transac
tiors only to moderate extent At the nrst board
Treasury Notes advanced Il Per cent Reading Railroad
n; Morris Canal fell oGX. All othsrs closed at prices
current yesterday.
At the second boarI Harlem advanced Y nor cant
with small sales.
Operators are not so much frightened at the move
ments Of specie as they at frat The bugbear has
lost terrors In the panic realized when specie be-
gins to move away from u.s. all abandoned and
we should judge from the excitement produced, that
many believed the precious metals destroyed, u
stead Of flowing into the channels Of trade for the pur
pose Of regulating balances.
The Mechanics Bank of baltimore has dscl sred d.
vdend Of three and half per cent for the last six
months.
The Patapsoo, Bank Of Maryland, has declared dvi-
dend Of three and half per cent for the last six months
The position Of Mexico and the probable result Of the
second conquest Of that country exciting vast
deal Of interest In political financial and commercial
circles We have got through with the fighting part Of
the business, and must now turn attention 10
the commercial Of the country and the
neraton of its political condition. There Is not the
slightest doubt but that the administration will make a.
much out Of Mexico possible. The Of that
country will be rapidly developed under the supervision
OF the present Secretary OF the Treasury and
only hold on; the Mexicsns will be good enough not
to make peace with US; II only keep possession
by force of long enough TO bring In large
enough to pay more than the expenditures there will be
nothing left but annexation The people OF Mexico are
an incongruous mass and, so long as they mix with
each other, Spanish and Indian aud Indian and Mexi
can producing mongrs and dspreciatng race they will
In tme become worse than they have ever been.
The emigration from this country, in the shape Of mill
tary recruits from time to time will not only American
Use the country but the Of these eg ants
with the fair senortas Of Mexico will Amsrieanise the
people, and in the course Of time q fne race will
spring up equal in any section of the world
An army Of fifty thousand American soldiers In Next
CO. will necessarily regenerats the natives Of that coun
try aud volunteers will have an immense influence
upon institutions and the people Of Mexico their
period Of enlistment expires they will engage in other
employments in that country and settle down. increase
and multiply spread civilization in every direction, and
change the social and political complexion Of that re-
public The present population ofMexco about eight
millions and the population Of this country about TWEEN
tythree mions-,he greatest and strongest must alb
sorb the smallest and weakest We do not expect to
regenerate Mexico In year. but do in less than
generation; accounts from the places army
cupy already show improvement in the habits Of the
people of those sections American manners and
toms rapidly rsvolutionising the people Of the
exert great influence upon the interior, the inn
provemsnt and change spread in every direction The
prsjudcss Of the Mexioans strong, no doubt but
1t will DO impossible to resist the efforts made
by young officers and soldiers in ingratstng them
selves into the good graoes Of the arer and softer
The progress already made in individual annexation,
gives idea Of the result revolution Of this
kind sirresistabe there Is nothing like commencing In
the right way and 1t is our impression that few years
every part Of Mckee, any other part Of the world
As the tide turns In favor 1t will rush with
the greatest rapidly.
With this influx Of Anglo saxons into such rich ooun-
try Mexico naturally is expect most productive
results Our people have rich Of that
country they have lived under its beautiful climate and
have and felt what they have heretofore only read
Of We have learned more Of Mexico since this war
commenced than should have known, perhaps, for
years The working Of the mines has been the principa
pursuit Of industry in Mexico and with the most beau
tfu country and climate In the world have
remained dormant 1t requires different people to de-
velope them. The government Of that country having
for many years been In the hands Of . few military
leaders, who have extorted from the millions the most
taxes and have oppressed the people in every
way, there was chance for improvement In national
wealth and prosperity The rule Of these leaders Is at
end; their Is run, and power has become
absolute The change will be most favorable for Mexico
and the world at large.
The derived from Mexico by the old govern
ments were large The average Of Eve years from
1863 to l76s was e,l69,s64 pisstres from 1897 to
1869 average OooOoO ITS to l77e average of
100000 l777 to l77s, average Of Ia 1850
to 1875, lsl7647s in 1902 the 2oaOoO 900
piastres. The principal Of from
the mines, (Which In 1893 produced a revenue to the
government Of 100000 piastrss) and from the
facturs Of tobacco. T, two the most
important, and gave about half the We
very curious table, showing the and amount
Of at two periods II the progress Of population
and public prosperity great at that time, what
expect in this age when race Is exerting
its energies to increase and dsveope every source Of
revenue