New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1862-02-10
UsuRx AND ARMED INTERVENTION.

ltica sOothsayers, the English contingent 10
the Mexican invasion--if the terms OF the
treaty are credbe-comprlscs merely posse
of national bal1s distraining for moneys over
due. By the acts of two of its naval officers,
the British Government was made n party T.
the usurers' loan; for when Captains Aldban
and Dunlop, ,overal years ago, entered into The
Convention which virtually made tho English
representative an agent for the behoof Of
private money-lepders. the principle received
official recognition, and precedents were formed
which, even in the face of the difficulties al
ready betokcned in the alliance against Mexico,
are to be applied to other countries.
The poor Government OF Morocco made ap'
plication, the other day, for o paltry loan o.
half a million sterling in the London market.
Ii offered high rates Of interest, and would
readily have found purchasers for It's paper
but for the usual impediment which poor STATES
encounter, in the way Of security. Lombard street
was not impiacaLie, but it was prudent, aud
therefore suggested Convention founded on the
Mexican precedent of Capt. Aldham. The sum
asked by Morocco was salaIl. and the transnc-
tion-wbich took place only rome three weeks
sgo--has thus far created but little notice IN
political circles We find, however, that the
British Government has actually become an os-
scutng party to the ney-lenders' proposal;
that in fact public official mas been named to
act az Receiver; that the u'ureis are to pocket
an exorbitaut rate Of interest, with The sane o.
curiy for their loan as if II had been invested
in English ConaOls; and that in case Of further
advances from the same source, and defaults
arising from consequent extravaganza, an En-
elish feet, probably in conjunction with con
tDgents from France and Spain, will take the
financial Affairs Of Morocco in ciarg-, aud r..
peat for the Moors OF Northern Africa the
le,sons the Allies uOw MIN to teach the dcgca-
crate descendants of their Cis.ilaa nEghtoss
in America.
IL humber way, sni 10y simpler method,
the defaultng borrowers in the British Colonies
are to be- drult with. Our last adyices say that
various Provincial Municipalities having be.
come converts to the doctrine of reputation,
Immediate executions are 10 issue against them.
by the ordinary legal process, If that is suifi-
cent, which it mort certainly VII not be and
10y Imperial Intervention where colonial virtue
aud colonial statutes fail 10 come mp 10 the
requirements Of the case. In this instance i.
"a true, the business is in some essential points
different from the present bankruptcy o! Mex
leo, or the prospective insolvency of Morocco
tie trouble being domestic in liz nature and
10. necessarily leading to complication ol
foreign interests. But yet, 80 far "a the AIM
aud bearing Of the ney-leudors policy is con
crlned, all the eases have "a common chiracier
aud bear in them lorebodngs Of trouble which
Inc English Government Itself will be the first
TO feel IN the greateat deglce.
II Mexico barriers away some Of he hghest
prerocatiges 81 Independent nationality 10 meet
its financial wants. il Morocco. from similar
nece.. cities, follows the bareiul example; md
If the Government Of England considers 1t %
derogation from ia dignity, and no violation al
its duties to friendly Powers, 10 become tie
collecting agent of private subjects who specu-
late in the poverty or extravaganza Of borrow
log States, there VIII be- many more CAGES Of
morcy-lcudng and Of armed Intervention, than
$40 witness to-day. The practice instead Of
being-as it has been thus iar-exceptonal, |
will rise into a principles and Whenever plea
is needed for an Interference in the political
affairs Of q State, it can readily be found
through the agency Of the yenturous Spectator
in national indulgence and human peryersity. /
IT, moreover, an er post tacio convention Ike /
that effected by Capt. Aldham in the care Of
Mexico is justified by international usage, wby
may not similar convention be attempted
in the deiauting case Of Mississippi The
English moncy-enders might there prefer as
warrantablc q claim for the intervention of /
laval force, as when Capt. Allham became
their agent. And tlo only apparent reason
Cor non-interfereuce in the latter case il
the difference between the naval aud mil |
itary force on which tho two States have
relied in times past for their protection |
The act by which tie English creditors
of Mexico made their Government lribu.
tary to their interests, to the extent which we
witness to-day, may be repeated in every case
where it can DO followed up by sufficient
force to oyerawe and Oyerwhelm the usoyeni
State. Aud without waiting to inquire how long
tue general class of taxpayers in England will
ind it TO their interest 10 become tho virtual
guarantors of every foreign loan which may be-
taken in London, either with or without the
Of the Government il will soon be-
come a question with those Powers which have
not yet joined the Usurors Alliance, whether