Indiana State sentinel. [volume] (Indianapolis) 1841-1853, 1851-08-21
From New York Heraldl
The Republic of Mexico---Her Creditors, her
Debts and her Destiny.

The Republic of Mexico in danger OF being sold out
like condemned hulk, for the benefit Of the wreckers
We published, yesterday, brIef telegEapnc despatch
at Mexico bad signhed In peremptory manner, that
the debts due by Mexico to British creditors must be
paid that decisive would be taken at once
enforce them and that the ministers oil France and
Spain had seconded the movement. Assuming this in
formation be substantially correct, the present condl
ton and final destiny Of Mexico become matters oil grave
import, and OF the most comprehensive character Hs
the opening up Of train Of events which must terml-
nate later, in the absolute extinction oil her
independence and in the supersedng by more vigorous
people and higher civilization, the present nbeche
and ete institutions OF the patrarchal system oil
Mexico
The statistics of the capacities and resources of Mex
leo, in commercial view, are an old story With ca
pacty for the comfortable subsistence oil one hundred
millions of people, she has eliminated and Tor years,
has been declining from maximum oil eight millions
The day of her independence from Spain was but the de-
lusive commencement Of decline accelerated by all the
esrruptions Of continual intestine wars, TO the hna ca
lamtes of spoatlons subugaton, bankruptcy and ut
ter extinction. The last Of extinction alone remains
to fill up the record of her nglorious history.
Mexico is bankrupt Her exports have d~indled to
fraction; her imports have eOrrespondngy dlmIn-
ished and her excessive duties divert the profit oil her
trade to contTabndistas, and their allies OF the govern
ment. But it is net our purpose To draw either nara
tive 10 give the causes, of the present Frustrated
hopeless and apparently helpless condition of Mexico.
No other independent nation that ever existed has given
mankind such abundant and convincing proofs oil Its
o;al misappcaton OF the principles oil seii-governmen
In a state of peace, find, though involved to the
drowning point i'm debt that Mexico is actually Incapa
bile of meeting, by ordinary her ordinary expen
and that her immediate necessities she an
cipates and goes deliberately into the market to be
shaved upon the United States nsaments of some three
millions year. At the time, put seven millions
of people into this exhausted and bankrupt country
of the enterprise, energy industry and business tact OF
the people Of New York, and they will the first year,
dispose Of exports the amount OF fifty millions. The
fault is radical 1t is in the races inhablt-
ing the soil. They must even as the aborlgincs are
compelled 10 do, give wayn due time TO the pressure oil
some superior race capable of developing the country
and able to hold IT, to govern IT, and defend It,
The British, French and Spanish creditors demand Of
Mexico the payment OF the debts that are due them
All well enough. But how is Mexico TO pay these fifty
sixty millions. they have matured and are matur
ing principal and interest! The facilities Tor smuggling
off all extraordinary demand upon the import reve
nucsthe people have nohing and any attempt to make
the church disgorge will be followed by revolutions and
a government. Can these creditors expect TO Orce
Mexico to paw when she has unds-no resources
assets. out of which to make any payment! IL is
far probable that there other object IN these
peremptorv demands The creditors Of England, France
and Spain may desire hold upon those halt-worked
silver mines OF the interiors lease oil some oil those
nnnvaded gold waShlngS OF Sonora Or perchance some
interest in the right of way and great nteroceanic
railroad from Coatzacoalcoas TO Tehauntepec-some
thing of this may be the bottom Of these demands
1t is the probable when consult the maniies
destiny of Mexico. 1t is very plainly prehguTed to be
either seek protection, TO suffer absorpton-shC
be protected by foreign powers be absorbed by
the United States-she must sell herself TO Europe, oil
strike balance-sheet wash her hands and face, ant
modcstly ask like Texas, the benefits of re-annexa
the United States of the North, silver mines cop
per mines. gold washings, coffee, spices, logwood: ma
bogany, Tehauntepec and all
I Satisfied every observing must be, that il i
the wish OF the and the people OF the Untet
States TO see Mexico redeem herself and maintain her
self respectfully among the nations-satshed that
blending Of people with her degraded piebad races
is not desirable on any termS-still the intention
movements of foreign governments and agents in Mexi
CO, deserve the watchu attention of our We hop
to hear that Mr. Lecher is at his post and that
protecorate exclusive rights will be made the price
the foreign debts Of Mexico, the disadvantage OF
commercial interests and republican principles. Let tn
administration look to Mexico.