The New York herald., 1862-01-18

having a speedy termination put to their ex-
istence had very salutary effect in deterring
the contractors for his army from the practice
Of dishonesty. The shoddy aristocracy had
better take care, or some of its members may
find themselves very soon in position so awk-
ward that their lives and property will not be
| worth months purchase. Too much fraud
has already been practised with impunity by
individuals who have traded upon the misfor-
tunes of the country, and the interests of the
republic demand that some check should be
promptly and efficiently applied.
Important from nIexico-The United
States Seeking to Extricate That Re-
public from It's Dimculties.
Some few weeks since we announced that
negotiations were pending between the 60
vernments of the United States and of Mexico
for the loan by the former of sum sufficient to
enable that republic to resume the payment of
its obligations to its foreign creditors. The
statement at the time attracted but little atten-
ton, aS the public mind was then excited by
the near prospect of rupture with England.
We publish this morning letter from one of
OuA correspondents LA VIC VI mCAlCO, kItlHk
the full details of the arrangements connected
with the proposed loan 1t may be as we'll to
state that the facts as thus given to us are per-
fectly reliable, as our correspondent has access
to sources of information in the Mexican capital
that render the information thus obtained
entirely trustworthy. 1t would appear, then,
that last September, in accordance with sugges-
tions transmitted to Washington by Mr.. Corwin,
instructions were forwarded by Mr.. Lincoln to
that gentleman to negotiate a treaty with Mexi-
CO for the advancement of loan by the United
States sufficient to enable her to pay the
interest on the debt due by her to the three
governments that are now pressing her. After
frequent interviews on the subject with NJ.
Zamacona, the Mexican Minister of Foreign
Affairs, the result of which was to cut down
the amount of the loan originally proposed
from eleven to nine millions of dollars, a treaty
was drawn up, by which it was agreed that the
latter amount was to be advanced by our
government, in the following manner, viz
Five millions to be paid in monthly instalments
of one-balf million per month, and further
sum of four millions, to be paid at the rate Of
one half-million every six months, the whole
to be secured by the pledge of all the public
lands, mineral rights and nationalized church
property of the republic The term of FIVE
years was fixed for the repayment of the
amounts thus advanced, and a board Of five
commissioners-thr to be named by Mexico
and two by the United States-was to be ap-
pointed under it to realize the amounts loaned
by the latter from the sale of the public lands
and nationalized mortmain property pledged
for their repayment.
The rejection of the British treaty by the
Mexican Congress, and the prospective seizure
of the Mexican ports, defeated for a time the
completion of this arrangement When the
letter of our correspondent left the Mexican
capital, however, it was understood to be the
intention of Mr.. Corwin to renew his propo-
sitions, should the allies offer to relnquish the
ports of which they might have taken possession,
on the payment of the interest on their debts
and the obtainmert of a satisfactory guarantee
of the payment of the principal.
Thus the matter stood at our last adyices
1t remains to be seen whether the three Euro
pean governments interested will be satisfied
with the simple securing of the amounts due
to them, without exscting in addition indemni-
ties for the expenses incurred in fitting out
their respective expeditions. It is not impro-
bable that England will be disposed to exhibit
moderation towards her unhappy debtor, the
more particularly as she must by this time
be convinced that both France and Spain have
had ulterior views in engaging in this crushing
demonstration against her. Spain is herself
but tie catspaw OF France; for it cannot be
believed that if she is allowed to enter nde-
pendently upon her long cherished design of
the reconquest of Mexico she will ever be
able TO accomplish it. 1t requires but unity on
the part Of the Mexican people-and their
hatred of the Spaniards will insure that-to
engage her in wasting war which must ulti-
mately bring upon her bankruptcy and ruin.
The motives that have prompted this tripar-
tite crusade against Mexico have become so
transparent that Great Britain, on the first de-
cent pretext offered her. will in all probability
Withdraw from it. II has been Louis Napoleon's
object from the moment that our domestic
troubles offered the prospect of safe induce
ment, to engage all the military and naval re-
sources Of England in double war with this
country and Mexico. He tickled the ambition
of Spain with golden visions of a future in
which she was again to resume her ascendency
over the Latin races of this continent; for Spain
is becoming naval Power Of some magnitude,
and her institutions and her traditions are likely
to draw her to the side of England in any fur
ther complications that may arise out of the am
bilious designs of France. The field thus left
clear, it would not be long before the character
and extent of these designs would manifest
themselves The dynastic policy so emphati-
cally and significantly urged in the French
Senate by Prince Napoleon, and never to this
moment repudiated by the organs of the Empe-
ror, would find its first Developments in the ad-
occ, oh H. a