The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-08-15
act of free people. This, towever, is aokn W
leoged to he one Of the difficulties of the sltla'

of the war. 1t will be for themse,vss to make
the most of the advantages they have gained,
and we have no doubt they are q termined to
do 30.
Affairs I'm HIex,co-FinancisI Efforts or the
COntendiRg Parties.
The news from Mexico which we published on
Saturday, and our Vera Cruz correspondence,
with Miramon's and Vidaurri's manfestoes,
which appear this morning, give clear view Of
the position of affairs in thas distracted country.
The resources Of both of the contending par
ties are exhausted, commerce is paralyzed, the
industry Of the country destroyed, and the con-
slant movement to and fro of armed bands, i'm
pressing the laborers as soldiers and living upon
the spoils Of the graneries, have caused the
labors of agriculture to be SO far suspended that
unless provisions be imported from abroad
famine seems likely to stalk through the land.
In the midst of this state of things, both the
government of Mexico and the rebellious clergy
and army are making extraordinary efforts
to raise money, in the hope Of putting
an end to the contest. The constitutional
powers look to the United States to
help them out Of these straits either
by treaty with our government or negotiation
with individual capitalists. Miramon and his
pIiestly supporters have no sympathy abroad to
which they can turn their hopes, and they have
brought out the extraordinary plan Of raising
thirty millions of dollars by direct taxation on
starving people, and the issuing Of eighty mil
lions Of dollars in paper currency, which was
already being negotiated in the city Of Mexico
at rates varying from two to four dollars on the
hundred
This fact shows the desperate condition of the
clerical party, and proves that every day that
elapses diminishes their strength aud increases
the probabilities OF the success of the liberal
government The spectators in the capital
have revived the idea Of q national bank, under
similar conditions to those which were decreed aud
exploded go soon under Zuloaga- The new plan
will doubtless follow the fate Of its predepes.
sor; for though the field for banking in Mex.
leo is one of virgin richness, it must
have stable government to support it,
and foreign skill and credit to conduct it and
entitle it to public confidence. A much bet
ter plan for national bank in Mexico can be
combined by our Wall street capitalists, which
would prove Of great advantage to both parties.
We suggest to Mr.. Lerdo the Secretary Of Trea.
suIy for Mexico, who is now here, and to the bu-
siness men of New York, that they turn their at
tention to this subject.
The decree of the constitutional government
Matchmaking the church property has been re-
ceived with much favor in all parts Of Mexico.
In the seventeen States which obey President
Juarez out Of the twenty -four forming that con-
federation, it will be at once carried out. In
Vera Cruz, Tamaulipas and Nuevo Leon sales
are already being made. A significant indica-
ton Of it's acceptability to the Mexican people
exists in the fact that in the city Of Mexico,
where the clergy are in full power, and notwith.
standing the distracted state of the country, its
publication had caused an advance in the value
Of the domestic debt of from seven to nine per
cent. The measure is the corner stone in the re-
construction ofgovernment in Mexico, and of the
re.establishment Of the prosperity of that re-
public.