The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-08-24

COnCuplndSe.
The Tsme and Tide In Mexican AMaIru-A
Ten a1union Stsike 1n Wall Street.
We publish in another column an interesting
article from the London Post the organ of Lord
Palmeston, on the subject of Mexican affairs.
Two important points are set forth in this article:
One is that the British government has deter
mined to institute an inquiry into the course OF
its representative in Mexico, Mr. Otway; and the
other, that provided the claims of the British
bOndhOlders are made secure, the sooner that
Mexico becomes part of the American con.
federacy the more will the British government
rejoice.
This article, taken in connection with one
from the city column of the London Times, pub
lished in our yesterdays issue, shows con.
clusively the tendency Of public opinion in Eng
| land regarding Mexico. In our city items TO-
day will be found a notice of purchase of rifles
by an agent Of Gov. Vidaurri, of Nuevo Leon;
and the published returns Of the exports from
New York for the week ending on the 18th inst
contain the following significant items sent to
MexicO:-Sixty- three cases of hardware, three
kegs Of bullets, forty kegs of shot, seventy five
cases of muskets, one hundred packages of car
| boxes of flints These little items combine to
| swell the tide Of peaceful commerce, and to
| show which way the current of public affairs il
| setting. Mexico is drifting towards closer
| sympathy and connection with the United
States; and the public mind, both in England
| and this country, fully admits the fact and its
consequences.
But it is not towards annexation nor protec
torate, nor yet to become virtually part of the
| United States, as the London Post supposes
Mexico has much work to do before either o.,
| these three events can come to pass-work thai
| only Mexico can perform She must root Out,
the old elements, inherited from the Middle
Ages, which yet exist in her social, political and
ecclesiastical organizations before the conserva-
| tive shield of true freedom can be extended
| over her. This necessary work would be hateful
in the extreme, if performed by foreign hand,
| however blessed and holy that hand might be
Our government cannot do it, because such a
work is not contemplated iu its constituted
sphere of action. Private enterprise cannot do
it, for that would soon degenerate into the most
! odous filibuste1ism. 1t must be done by native
sands, to be thoroughly and permanently done.
The question then comes: Can native hands
| do this work, and reorganize the scattered ele
| ments of peace and public order in Mexico :?
Without foreign aid it is probable that it cannot
be DONE or that at least it will take long time
to do it. But if the sympathy and aid that can
be brought from this country and England in
stead of being wasted in petty rills, whose occa
sional floods are soon swallowed up in the thirsty
desert Of Mexican revolution should all be col
lected together and directed, through native
and legitimate government to the great
| work at the one right spot, the labor would
| be soon over and the reward secure. Mexico
| is an exceedingly rich and fertile country.
| II peace and stable government were given
her, she could meet all her liabilities with
ease, and have an abundant surplus. Her Br-
tish debt is her main incumbrance. It amounts
to some fifty millions of three per cent bonds
worth to day in the market from eighteen to
twenty per cent, or say ten millions of dollars
The restoration of peace and financial order to
her government would double the value of these
bonds in two or three years. giving profit of
ten millions of dollars to the bondholders. This
ten millions, if it could now be made available
to the constitutional government, would secure
the social and political reform of Mexico, would
establish firm government, and would secure
the repayment of the old debt and the new loan,
as well as the lives and properties of thousands
of foreign residents now in imminent danger in
that distracted republic. From limitations we
have received in regard to the movements of
Senior Lerdo, the Secretary of the Treasury OF
President Juarez, who was lately here, and is
now in Washington, we shall not be at all sur
prised to learn that such movement has been
carried out. A ten million strike is just the
thing for our Wall street capitalists, and there
are plenty of them capable of making it.
AEEAUDS AKA snUNrTAM