The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1862-07-01


Meantime, it is at length manifest that Gen.
Mcclellan has not been reinforced or support
cd as he might and should have been, and that
the addition Of fifty thousand men to his army,
which could surely have been supplied month
ago, would have saved tho lives Of thousands
on both sides, in this all important struggle
for the possession Of Richmond.
The New Treaty with Mexico-What II 70
he Dons1
We have already, on several occasions
drawn the attention Of our readers to the new
treaty between our government and that Of
Mexico, negotiated by the United States Minis
ter accredited to that republic. We have also
given the leading provisions Of the treaty; but
will now repeat them, somewhat more in extern
so, for the Information Of the public By this
instrument the United States government
agrees to loan the republic Of Mexico eleven
millions Of dollars for period of five years,
the Mexican government pledging the entire
public domain and the residue Of It's church
property, estimated at . value Of one hundred
millions Of dollars, for the repayment Of the
loan. The money is to be made available to
Mexico in this wise:-Ths United States
government IL to issue its bonds for the
amount Of eleven millions Of dollars, payable
in twenty years, and bearing interest at six per
cent. In fifteen days after the ratification of
the treaty by the United States government
two millions Of the sum agreed to be loaned is
to be paid to the Mexican government, the
balance to be paid BY monthly instalmsnts Of
100000 for period Of eighteen months As
guarantee for the repayment Of this loan, the
Mexican government Is to turn over its bonds
to the United States for the amount Of eleven
millions Of dollars, bearing six per cent int
rest, and payable in FIVE years. A mixed COM
mission is also to be appointed for the sale Of
the public domain and church property sufi-
cient to liquidats the liability, the sums 90
realized to be handed over to an agent of the
American government resident in the oity Of
Mexico.
These are, In brief, the main provisions Of
the new treaty with the sister republic, and we
are Of opinion that there is no subject more
worthy of the attention of Congress at this
moment. The relations Of the United States
with Mexico are are nov Of the most important
character Her fate is intimately connected
with the complications in our own country,
and II is our manifest duty TO stand firmly by
her In this her hour Of danger. A serious blow
struck at the liberties Of Mexico now cannot
fail to be felt in this country at some fiisme
day. That country stands in urgent need Of
financial and other assistance, and In her ne
cessity she appeals to the only government
that has the power, and should have the will,
to aid her. As an independent constitutional
government, with ideas and principles identical
with our own, we ought not to allow her to fall
before her enemies for the lack of our moral
let us extend the latter. We should not hest
tate about giving her the financial aid she
needs, so as to strengthen her hands for more
desperate resistance to her invaders. That the
Mexican people are determined TO maintain
their national rights and to defend their indie
pendencs may bs seen In the unninching
bravery with which they met tho French,
ana 30 bAkuhAiy uoious0o suSiu, ~ tne lat0
battle Of Puebla. All they require
now are means for recuperating their
strength and solidifying their army, and then,
with their own strong arms, they will be ena-
bled to drive the French invader from their
soil and into the sea. This they can md will
do before the Emperor can send any NOS To-
gions to the aid Of his stricken army; for,
although some reinforcements may reach Mexi-
co In month or two, no new campaign can
be begun by the French until next fall. The
security offered us by the Mexican government
for the proposed loan il unexosptionabls in
every particular, and by extending this aid to
her government now we will be demonstrating
TO the Powers Of Europe-every day growing
more insolsnt and imperlous-- we are not
only able TO keep our own rebellion at bay and
to crush II out Of the land, but also to help q
neighbor in the day Of necessity. 1t will show,
too, that We are not afraid Of all their boasts
.oa'nrs,, ,rations, and that We are always ready
70 onpose IN, rstics and tyranny, from whatever
quarter they fns,- como.
"a ba, been soo,> what currently reported
that the interference o. The United States in
any way in the affairs Of NJ xioo VIII % 70