The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-02-27

ne New Treaty with Nentco-Comn1ercta al
Concessions Granted-Cbc Power of the
Almighty Dollar Invoked.
Our letters from Mexico, published this morn
ing in another column, give the full particulars
Of the new treaty made by Mr.. Forsyth with the
Mexican government, by which it will be seen
that the terms Of the new arrangement differ
from those given fortnight since from Washing
ton, and conform exactly to the version of our
correspondent, published on the 18th inst. The
points of the treaty are LIST. Reciprocity on
the frontier; I'd. A reduction Of twenty per cent
in the duties on our products; Sd. A postal
convention 4th. An appropriation of three mil
lions of dollars to pay the claims of our citizens
upon Mexico, which are to be examined by q
commission; and lastly, an appropriation from
the remaining twelve millions to pay the English
conventional debt. the fifteen millions which
President ComoDfort desires to obtain by this
treaty are to be In the form of loan, which
shall be guaranteed by the United States
That the guarantee of the United States to a
oan to the government Of Mexico would enable
her to obtain the money Immediately, there can
be DO doubt Our stockholders in Wall stree.
would JUMP At it like hungry trout at Juae fly,
and this would enable the present government OF
Mexico to pass safely through the crisis that now
attends it. President Comonfort in his liberal
refome, is hayassed on all sides by the power and
intrigues of the clergy, and if he does not receive
some extraneous assistance, will be forced to sue
cumb and give place to the insa.iate greed OF
Santa Anna or the heartless ambition of the
church.
In adopting the course be has taken he has
evinced much good sense and thorough
appreciation Of the difficulties which surround
him. Had he initiated Santa Anna, aud
cold another slice of Mexican territory
he would irret,ievaby have met the fate that fell
were out Of the question in the present exnaas.-
cd condition of the country, and the revenue
that might accrue from q reconstructed tariff
must wait the slow growth Of commerce. The
church property, which has been abundan.ly for-
ieited by the numerous rebellions instigated and
tostered by the clergy, he does not feel himself
strong enough to seize. Ia his dilemma, and in
view of the dark future that looms up for Next
CO. bis only resource was to apply to his rich
neighbor, whose worst complaint is fullness OF
the chest.
Here was new ground for diplomacy. We
have long been endeavo1ing to obtain from Next
co some excision of her prosibitive tariff and
postal laws, but without avail. She has strong
ly resisted all our endeavors at negotia.
ton until nov, when one of our pros
pcters has struck the new placer, and
she is disposed to be liberal with US
if we will be liberal with her. She offers us
what we want in return for what We can easily
spare. The markets OF her seven millions Of in
habitants will be at once thrown open to our
trade IL we will open our purse strings endorse
her notes, now that she is short on her bank
account.
The advantages which such An arrangement will
give us in our intercourse with her are beyond Al
culation, whether taken in an industrial or polti
cal point Of view. But to Mexico they will accrue
largely. Stability will be conferred upon her
government, and it will DO encouraged to con-
tinue the course Of liberal reform it has entered
upon. The Powers Of Europe, which are con-
tinually interfering in her domestic policy will
be more cautious and abstemious in their med
ding, and when we have once acquired an In
terest in her prosperity and progress, England,
France and Spain will change their tone towards
her, and perhaps evince desire to help her along
too. We approve, therefore, of this new princi
pie in American diplomacy, and recommend its
immediate adoption. Let the new treaty be ra-
tilted and all its provisions sworn to upon the
true faith of the almighty dollar.