The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-10-17

seebis old age, which is crowned with honor, i'm
poverished by the meanness Of his petty foes.
The people will put this right
The News from Mexico and Financiering
by Telegraph.
1t must be admitted that the electric tele-
graph is not only great discovery, but has
become also great institution. Its power for
evil and for good is almost equal to the human
tongue, and like that lingue member, it can
be used either for truth or falsebood. For the
latter purpose it is often brought in requisi-
ton to proclaim an inaccurate state of the
money or cotton market abroad, or fabulous
election majorities at home And now the
last feat in this line is to announce important
news from Mexico, which turns out to be an
extensive fabrication, not founded, even, on
fact. Truth may be told without any object
to be gained or purpose served, but when
falsehood comes along the telegraph it is
reasonable to suppose some other wires are at
work in addition to those in use for electrical
communications. Upon this superstition, we
may reasonably account for the information
received last Sunday from Mexico, by the way
of the New Orleans telegraph, under date of
the 18th inst, that Alvarez had been elected
President, but that the army in the capital
would not recognise his authority; that hard
fighting was anticipated; that General La
Vega had once more assumed military COM
mand that Carrera was once more President
adj interim that they had refused to arrest the
ministers Of Santa Anna and to arm the Ma
tional Guard.
We are not aware that this news affected the
stock market, or the nerves Of those interested
in Aztec politics; but when taken in connection
with important negotiations and opportunities
then progressing at Washington, it is signi6-
cant, if not suggestive. An effort is now
making to induce the Executive at Washington
to cash the drafts for three millions drawn
by Santa Anna on the United States
Treasury on account of the Gadsden
purchase, which sum is to be paid under
the treaty, upon the boundary line being
defined by the commissioners Of both govern
ments. The boundary line, however, has not
yet been SO defined; but the holders of the
drafts propose to admit the line as run by the
American Commissioner, in order that the
new administration in Mexico may not have
it in their power to stop the payment of these
bills of exchange. Hence the desire to create
the impression that the friends of Santa Anna
are still in authority in Mexico, and would
sanction the liquidation Of the Indebtedness at
this time; and hence the falsehoods of the
telegraphic despatch from New Orleans to
strengthen that impression. 1t seems, how
ever, that the drafts will not be paid, for the
simple reason, no doubt, that the time for pay
ment, according to the stipulations Of the
treaty, has not arrived, and consequently these
drafts Of Santa Anna, like his prestige and
popularity, are at a sad discount.
After this fictitious news had full time to
operate upon those at Washington for whom
it was intended, and after it had failed, we re-
ceived yesterday second telegraphic despatch
GNn the same quarter, dated the 18th inst,
ing the true condition of public affairs in
Mexico. From this account oil hopes of pay
ment of these three million drafts are at an
end Alvarez has been elected President; the
garrison in the capital has sent in it's adhesion
to his command. General Garcia Conde-ex-
lied by Santa Anna, and brother of the Garcia
Condo of the boundary survey--has been :
named Commandant Of the city Of Mexico. AL
new Cabinet has also been named, at the head
of which is Melchor Ocampo, as Minister oil
Foreign Relations. This gentleman was for
merly Governor Of Michoacan, and more re-
Gently exilcd by Santa Anna. AS he has spent
many years in foreign countries, and is i'm
I'm wifi ihoro1 IN ad1 IN hic
talents and extensive requirements, the ap-
pontment may be viewed as an excellent Sc
lection. Our readers will be pleased to learn
that the gallant Comonfort, who has recently
done bis country much good service, is placed
at the head of the War and Navy Department.
Don Gullermo Prieto is called once more to
the post of Minister of Finance As he was
formerly in the same position in the admins
tration OF Gen. Arista, where he was DESTROYS
to induce Congress to modify the then existing
illiberal tariff, we may form some idea Of his
financial policy for the future. Having written
and published much on financial and other
subjects, he has acquired high standing for
his talents and industry; and having been sent
out Of the capital and afterwards imprisoned
by Santa Anna, his principles at this time are
beyond reproach. Senior Juarez, the new
Minister of the Interior and Justice, is not so
well known in the capital, being noted only
for the success Of his administration as Cover
nor of the State of Oajaca, from the time of
the evacuation of The American army until
the last advent of his Serene Highness, Santa
Anna. The prosperity of Oajaca under his
administration was the subject Of much COM
ment and admiration throughout the whole
republic, in SO much that none other was COM
parable with its progress in the various branch
es of government.
We believe that all these ministers may be
claimed as belonging to the Puro party, which
has for its platform an utter repugnance to
standing army, high tariffs, and the passport
system, along with great desire for freedom
Of the press, and that the wealthy clergy should