The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-09-26

was addressed by President Santa Anna, Of
Lanzas, the Mexican Minister at London,
and by him was communicated to the chairman
the committee Of Mexican bondholders, agree
ably to the intentions of Santa Anna. Tacu-
baya is Santa Annals country residence, few
miles from the city of Mexico:-
TACUBAYA, Aug. 1853.
Hrs ExCELLENcy Don JOAQUIN M. DE CASTILLO
LANZAs.
My Esteemed Friend news which has arrived
by the packet which reached Vera Cruz four days
since has afforded me much satisfaction, as find
that. in spite of the panic produced in London by the
fears of war between Russia and Turkey, Mexican
bonds have risen four to five per cent in consequence
of the news of the formation of national bank,
which was to take the charge Of punctually paying
the interest Of the debt.
This project is not. as you win conceive even on
account Of its very importance free from nconveni-
ceived so well in England, and as my efforts and
those of the directed to nothing else
than to restablsh and create the credit OF she re-
public ana to secure the regular payment OF the in
terest particularly to bondhoders who have always
behaved so literally towards the Mexican nation we
shall certainly not cease TO occupy ourselves in the
endeavor to perfect these good ideas and to interest
capitalists in their realization who are perfectly
well disposed to CO operate in sustaining my govern
NEXT and removing difficulties. Ihsve not, however,
yet decided the report which the Minister Of FL
nance has lately presented me on the subject.
Animated by the most ardent desires for the fell
city Of my country shall not rest nor retire from
the government until see established railway,
bank, and good system Of government and finance.
Please to make this Known to the Mexican agency
and to the committee Of bondholders. !.
The whole republic enjoys the most perfect tran
quillty, and receive daily from all parts Of il the
most evident proofs of its adhesion to and respectfor
my government Your faithful friend,
(Signed) A. l.. De SANTA ANNA.
This is good news, especially the official
announcement that as late as the first Of
August the whole republic" enjoyed the
most perfect tranquility" Our cotempora-
neous advices, therefore, Of Indian inva-
sions. depredations Of banditti, and revolu-
tionary movements in various quarters Of
the republic, must have been slightly exagger-
ated. or else the energetic Dictator is wofully
ignorant of the real state Of affairs outside Of
Tacuhaya. But if Gen. Santa Anna expects to
relieve the distresses Of his treasury and to
pay off his English creditors through the
agency Of a national bank we apprehend that
in the end he will be egregiously deceived. In
the outset a bank may promise to act as an all
sufficient substitute for that internal industry
and that commercial enterprise which yield re-
venues. pay debts and fill empty treasures; but
in the sequel a national bank in Mexico will
only widen and complicate the bankruptcy of
the republic, of the several States, and of the
people.
The project of railroad is something more
to the purpose. A railroad from Vera Cruz to
the Mexican capital would soon attract pas
seuger traffic between our Atlantic States and
California which would pay handsome reve-
nue. to the government, to say nothing Of the
advantages Of bringing the interior into imme-
date contact with the seacoast, and OF opening
up the thousands of channels Of business which
would follow in the track of the iron horse.
But we are afraid that none of these projects
of banks or railroads will avail to lift poor
Mexico out of the dust short of the fulfment
of q manifest destiny"
We are waiting patiently the issue of this
last experiment of Santa Anna But what if he
should fail? Let the future determine. The
rise in Mexican bonds Of four or five per cent is
a feather in his cap at all events The very
affectionate meeting between him and our Min
ister, General Gadsden, will probably give
those bonds another lift in London. Still, we
fear that in the end the question of their re-
demption will fall upon these United States.
But we must give Santa Anna chance. He
has done much already in restoring the whole
republic to the most perfect tranquility
Give him chance