The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1864-05-29

has not bssn AghHng Gil Ah time 70 get away
from Richmond.
Dun PAST PoLcY TowARDs ENGLAND
AND FRANU.-Ws have, since this war
began, shown . desire to avoid quarrels
with our friends John Bull and Nspo-
leon. In more instances than one We
have, It might truthfully be said, allowed
ourselves to be rather eavalierly treated
With the determination Of attending to .one
thing ct time, We have not resented gross In
suits, and have even been bullied without show
ing resentment By The adoption Of this course
We have, to all appearances, avoided unpleasant
conpl icatiens and been enabled to attend with
out interference to our intestine troubles. Was
the course pursued . wise one, or should We
have nobly stood up for the dignity of the
American nation, and dared our evil wishers
to lay straw in our path Should We have
kept those traitors, Mason and Slidell, and
warned Napoleon that We would brook NO in
trusion on this continent!
Such might have been the wiser course to
pursue. 1t certainly would have been holder.
more manly, than the expostulatery, deprecat-
ing tone assumed by our government when
brought into direct contact with European
Powers. 1t would have been . more striking
instance of the power and determination Of this
great republic had we deded England when
she msnaced war because we seized those
traffic rs. Had We also boldly forbidden
tho occupation Of Mexico by the French
the same result would have doubtless been
obtained-that Is, England and France
would have stormed and raved but would not
have dared to 60 to war-and to-day the Ameri-
can people would rank higher in the esteem Of
the world
In her days Of adversely France battled
alone against the combined power Of Europe,
until, under the rule Of the great Napoleon,
she mastered the Old World. What the French
republic could accomplish surely tho people
Of this great country might at least have at
tempted. We should have given defiance for
defiance. insult for insult. To have Witnessed
our enemies uniting to crush US would have
caused US as with one voice to shout, uphold
the dignity Of the Union to the last dollar and
the last drop Of blood" We Should then have
seen no divisions, have heard Of no parties; all
would have been for the Union. We have tho
resources and the power to defy all our ene-
mics, and should never, for the sake Of avoiding
their malice, lay aside our dignity. We seek
no quarrels; we should not tamely avoid them.
Tho policy of this government should b Is
bold as its power is great.
FINANCIAL PRosPECrs OF THE New MEXICAN
ExPIRE.-We published day or two since an
interesting speech OF N. Berger, in the French
Legislative Assembly, showing up the jugglery
by which it Is sought to induce European
capitalists to embark their money In the
Mexican loan: Il appears that the proposed
loan was divided into two sections-one Of
twelve million francs, for the wants Of the new
government and tho other Of six millions six
hundred thousand francs, on account 81 the
indemnify due to France-ths negotiatou Of
the loan informing the public that they were
going to issue eighteen millions six hundred
thousand francs OF Yente. It turns out that the
announcement made BY them that the Messrs
Qlyn, Of London, would negotiate the whole
eighteen millions Is unfounded, or, Ut least,
that they had backed ont Of the offer, II they
had ever made it THIS shows the small
amount Of confidence entertained By European
6nanciers in the stability Of the new order Of
things. OF the bed Of roses created for the
new Emperor by bis imperial sponsor some
idea may be formed from the pithy summing
up Of his financial condition BY N. Berger
According to the engagements b has entered
into, he will, before he establishes his govern
ment, have to pay sum Of one hundred and
twenty-five millions Of francs out Of the loan
OF one hundred and twenty millions Of francs.
A pleasant prospect this for q prince, whose
only reason for going to Mexico is to relieve
himself from . load Of debt at home