The southern press., 1851-07-29
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The re publi- Of Mexico Is in Danger of being
sold out, like condemned bulk, for the benefit
of the wfeckers. W. published, yesterday, u
brief teisgraphic despatch from New Orleans,
announcing that the English Minister ut Mexico
had signked, in peremptory manner, that the
debts due by Mexico to British creditors must
be paid, or that decisive measures would be
taken ut once TO enforce them; and that the
ministers OF France and Spain had seconded the
movement. Assuming this intor nation to DO
substantially correct, the present condition and
fiosl destiny Of Mexico become matters OF grave
import, and Of the most comprehensive charac-
ter 1t is the opening up Of train OF events
which must terminates sooner or later, In the
absolute extinction OF her Independence, and IN
the supersedng by more vigorous people ana
a higher civilization, the present imbecile races
and etfete institutions Of the patriarchIa system
of Mexico.
The statistics of the capacities and resources
Of Mexico, in commercial view, are an old
story With capacity for the comfortable
subsistence of one hundred millions of people,
she has eliminated, and, for years, has been
declining from "A maximum OF eight millions.
The day Of her independence from Spain was
but the delusive commencement OF decline
accelerated by all the corruptions of continual
intestine wars, to the fpal solemnltes OF spolla-
tons, subjugation, bankruptcy, and utter extinc-
ton. The last act of extinction alone remains
to fill up the record Of her ING lorious history.
Mexico is bankrupt Her exports have dwin-
died to mere fraction; her imports have cores
pondngly diminished and her excessive duties
divert the profit of her trade TO confrdbandisfas.
and their allies Of the government. But 1t IS
not our purpose to draw either a narrative, or to
give the causes, of the present prostrated, hope
less, and apparently helpless condition OF Mex
leo. No other independent nation that ever ex-
isted, has given to mankind such abundant and
convincing proofs of its total misapplication Of
the principles of self government. Ina state OF
peace, we find, though involved to the drowning
point in debt, that Mexico is actually incapable
Of meeting, by ordinary means, her ordinary ex-
penses; and that to meet her immediate necessi-
ties, she anticipates and goes deliberately into
the market to be shaved upon the United States
instalments OF some three millions year At
the same time, put seven millions Of people into
this same 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 to the amount
of fifty millions The fault is a radical one. 1t
is in the race or races inhabiting tho coil. They
must, even as the aborigines are compelled to
do, give way in due time to the pressure of
some superior race, capable of developing the
country's resources, and able to hold it, to gov
ern it, and defend it.
The British, French and Spanish creditors de-
mand of Mexico the payment of the debts that
are due them. All well enough But how is
Mexico to pay these fifty or sixty millions, as
they have matured and are maturing, principal
and interest! The facilities for smuggling out
off all extraordinary demands upon the import
revenues-the people have nothing; and any
attempt to make the church disgorge will be
followed by revolution, and a new govern
ment. Can these creditors expect to force
Mexico to pay, when she has no funds--no re-
sources--no assets out of which to make any
payment! 1t is far more probable that there is
some other object in these peremptory demands.
! The creditors of England, France, and Spain,
may desire hold upon those haf-worked silver
mines of the interior or n lease of some fthose
unnvaded gold washings Of Sonora or, per-
chance. some interest in the right of way and a
great inter-oceanic railroad from Coa.zacoalcoas
to Tehuantepec pec-something of this sort may
be at the bottom OF these demands. 1t is the
more probable when we consult the manifest
destiny Of Mexico. 1t is very plainly prefigured
70 be either to seek protection, TO suffer ab-
sorbtion-she must be protected by foreign
powers or be absorbed by the United States
she must sell herself to Europe, or strike, a
baance-sheet, wash her hands and face, and
modesty ask, like Texas, the benefits of re an
uexaton to the United States of the North, silver
mines, copper mines, gold washings coffee,
spices, logwood, mahogany, Tehuantepec and all.
Satisfied, as every observing man must be,
that it is the wish of the government and the
people Of the United States TO see Mexico re-
deem herself and maintain herself respectfully
among the nations--satisfed that blending of
our people with her degraded piebald races is
not desirable on any terms-still the intentions
and movements of foreign governments and
agents in Mexico, deserve the watchful attention
of our own. We hope soon to hear that Mr..
Letcher is at his post aud that no protective OF
exclusive rights will be made the price of the
foreign debts of Mexico to the disadvantage OF
our commercial interests ard republican princi.
pies Let the administration look to Mexico