New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1864-11-25
MEXICO.

future of the monarchical institutions in Mexico
from foreign enemies. Most ofthem sympsthze
with the Rebel Government at Richmond, and
are still 20 sanguiue in Their hope regarding the
future of the Rebel States, az not to doubt that
they will successfully establish their independ-
once and thus interpose an iilsnperable barrier
to any war by land against Mexico on the part
of the United States. They justly suppose that
tho Government at Richmond would not show
the least reluctance to enter into tho most
amlcable relations with the new American mon
arch. But even II the Federal Union should be
restored in ils former extent. they believe tha.
the neutrality of Macmillan with regard to our
war, the introduction of reforms, aud the eppar-
On. acquicscence Of the majority Of Mexicans III
the new order Of things, would secure to TIE
oyerturcs intended to be made BY Macmillan
to tho United States. q honorable hearing. We
believe We do not err in supposing that IN
proportion rs the prospects OF speedy suppreS-
sion of the Rebellion and q restoration OF the
old Union improve, Macmillan will show him
self anxious to appear more all American than
European monarch, to improve his relations
with the several American States, and to make
the most solemn professions Of his devotion. to
liberal principles.
Whatever may be the fate Of these hopes and
expectations, there Is ons danger to the new
Umpire which appalS the most ardent among It's
supporters; We refer to the Reorganization OF
the finances. A Mexican correspondent Of the
Courier d,s Eiafs Unis-which paper assumes
the air Of u court journal of Macmillan in the
United Statcs-admitS that tho present condition
of the Mexican treasury Is wretched enough.
The annual expenses, it states, are estimated at
about forty millions OF pias,ycs. The interest on
the public debt, inclusive Of the last war and
the French indemnity. will alone absorb some
thirteen millions annually. The French troops
cost the Empire about five millions annually.
Adding to this the expenditures for the troops
expected from Austria and Belgium, the court
list, the public works, the support Of public
worship, and tho expenses Of the other depart
ments, the sum Of forty millions is easily
reached. i comparison Of the revenue
to be relied upon, with the budget OF ex-
penses, does not afford much hope. The
chief source Of revenue has thns for been
the proceeds Of the customs. Now the revenue
10 be derived from Vera Cruz, the principal port,
is not expected TO exceed two millions All the
othe ports Of the kingdom may add TO this SUN
two more millions annually, which would give
a total of four millions, or one-tonth OF the
budget Of expenditures. There will DO other
resources, says this correspondent, but in ordor
to speak of them intelligently it would require
a knowledge which is not possessed even by
the Minister Of Finance. Such being the ease,
how then, il must I've asked, will il be possible
to carry on the administration The cores
pondcnt thinks it would be impossible TO levy
new taxes to make the receipts tally with thu
expenses, as this would discourage new enter
prises aud prevent the investment OF foreign
capital for the development Of the resources Of
The country The only escape from financial
break down he discovers in rev loans. The
country must hypothccate the capital, or dis
pose Of one portion, in order 20 save the whole.
Thus, he thinks. new enterprises may be en-
coursgcd. immigration invited. tho means OF
communication multiplied, and the immense
capital OF the Government turned to profit.
The whole article is 80 obviously written in
the interest Of foreign capi,ali e who speculate.
Ike Jecher Of Infamous notoriciy. upon the
financial endorsements OF the Government,
that we suspect it Of eSoggeraiing rather than
Understanding the financial difficulties Of tho
Empire. Surprising the writer's chief state
ments regarding the budget to be correct, it
contains as strong a condemnation Of the inva-
sion and Tho origin Of the Empire a. could have
been written b. the most devoted champion Of
the national cause. In lsS6 the annual ey.
penditures Of the Mexican Government were
estimated at 1900, 900 Of piastres; now the in
vasion and the Empire have raised it to 49,
000, 900. Fully onc-half Of this amount the Re
publican Government would never have had to
p0y. II embraces tho interest on swindling loans
Ike the Jeckcr bonds, the validity OF which no
ono in Europe or America has ever recognized
except the French Governments the cost Of the
invasion and the payments for French, Austrian
and Belgian mercenaries. But for the French
invasion, the civil war in Mexico would have
long since ceased, and the commerce Of Vera
Cruz and other ports, would, without fail, have
shown the same signs Of improvement which
are now claimed for il. The annual sum Of two
millions Of piastres, which the French writer
now estimates as tho amount Of tho customs of