The New York herald., 1865-02-17

freely on the future ca country and particularly In
relation 70 its fnances-a subject in which few Amcr
can politicians are better versed than hnsefhavipg
been for many years member Of the Finance COMMITTEES
in the United States Senate Mr. Chases financial sys
tenn 10 praised nnreerseily as tho Only one BY WHICH
- no,,h lid hare con.n; ;ed tns Ipr 70 ichS sa sa
orousy; but he pred cted an eventnai resiensr ~
n'ar1n nj Of its paler; not reputation, bat re
trement, OF all issued up TO certain Ihs, 20 afaw
low ate Of ineres. un,l re ,en"sb Of and nay s
given rp as nm obsolete idea This novel theory .as
not elaborated TO any great . eS''aa .n eo,,sar'n
most prolific subject with DR.. Gwin was ,hts',nl, f,,
where evidently are centred all his ondeat pofsa ane
social recoections The most prominent mehanet ~
the convention that formed the state cons.snuoa ~
VIII ch he was the thor OF of the most Valuable
sect and parti ulary those prom oitihe pal "y
banks and the Of state debt, he mas .ran
time until the close Of his Senatorial career hed a
wide space In the history OF the Pacific coast mo eN
Senator retains all that dignity OF department and gentle
manly courtesy for viii he DISTINGUISHED ~ wash
ington and Meth In personal appearance nor conyfs
srass hair ~ pa eS shades
but the vgor Of intellect anil keen intelligence y rl3l-
minshed y stated e tba. i. has been ruined oy ns
property amassed during bis California career be "
the centre Of southern society IN Mexico The apgsar
is some reason believe that he Lad his part 10 act
again, he would be found on the side sftie Union
and one Of It's ables leaders in California Some " h
friends have said he would have remained loyal but for
his having been seized and imprisoned @i,lont lnsi
mistake Of his ife It is retrevabe one and TO is
he stands committed forever.
The Vera Cruz and Mexico Railroad business s wntny
Of special mention. As the principal y not die ony
Of to the capital from the AtanL3 seap
this has long occupied the attention et foreigners
as we'll az Of the 10 al governments BY IT, or ut ieas
over a considerable distance OF the country II now
raverses Cortes made his celebrated mar neay three
cent? ries and half ago. the entire road af
forwards completed by the Spaniards under the vice
Royalty, and since maintained IN toerable order ny the
army up the sicrras to the second conquest OF Mexo
For many LEAGUES winds up and down and among lon.
ranges Of mountins but gradually ascending, until be
Pueblo and Mexico. II reaches height OF nearly
thousand feet above the level OF the seasad 70 b.
the highest point the globe raversed by disiernces
The mountainous character Of tho roao however, do
until distance Of about eighty miles from
state or department Of that name This space almost
level plain, stretching for vast distance north ano
snow capped peaks in the interior-sient bat elo-
quen monitors to the traveller Of what he may expect TO
encounter before reaching the far of capital
| sOme hfte years ago two commercial houses Oh
tanned from the government the exclusive right TO buil6
q railroad from Vera Cruz to Mexico The whole cor
tract eventually the hands Of the celebrated and
wealthy house Of Escandona hose rcatcd TO be worth
sl6oCo0Oo Under ther auspi es y, reached ds'anee
Of tn rty miles Out from Vera Cruz where about
the time o the French intervention, was cont nucd 70
the small settlement of Soedad AZ that time
the elder brother of the Escandons went TO Europe and
disposed o. the and road to company IN lor
dom who complete the road to the capital The
requisite money rassd and posted in the Bank q
England to await the solution Of an important question
VIII ch whether MAMMALIAN would ratfy afi si'e cond
tions OF the ng contract. -
The agent sent for this purpose was the famous En2sn
railroad ontacor, Mr. William Lloyd, builder OF the
principal Chilean Brazilian and several European roads
Lloyd arrived here about three months ago win corps
engineers and employees immediate prosecution %
the worka work formidable in character owing to "
obstacles 10 surmo ntcd in that part OF the route
yet to attempted But grants, made under the od
| system of "grab all you can while in power, whcp
ruled the former successive presidencies OF the republic
and the more grayely consd red ones Of the present
government, very different affairs Among thc arr
cles in former was one giving Ihc excii
ctx rtr nf IN thn
giving him the right to hx the rates OF rare 10 tne
vital points, Yielded with the reckiessness oi iormss
short lived administrators tho Imperial government re-
fused its bel ewing IL TO be pad policy TO make 70
any foreign company important concession IN per-
petuty, involving it might future disp ties as te
lands 40 and perhaps ending serious internationat
wrangles while the ght 10 regulate the arih OF rates ~
fare and freight would enable the company IN tire 70
even dictate terms to the government oy raising sem
prices TO such enormous rates under Engish or o.e.
diplomacy to paralyze yn@ TRADE ne
only travelled route from the coast 70 the na-
tiona capital, exercise power within ING ne. na =. y
gcrous to the public peace. With genuine John ~
tenncity Lloyd and his advisers have refused 70 oaog
inch, although the government has offered 70 sc' ~.
term OF the ninety nine years. and to hx sucr
rates Of freight and passage coud not fail 70 be us
and equitable for both parties
This railroad question has at length all absorb
ing the press pegs away at It every morning. ana oya
is temporarily the lion Within few days no has sea
in with truly British phlegm his umatum 70 tho gov
ernment stating that II within given time the terms o.
corps will return to England and renounce the whole
business costly as has been to the capitalists
This implied threat however, viii rather reasa eta, snar
with such effect with the little nations Of the eart
is quite thrown away here There are probably IS
people where the old adage about "sugar catching mo
dies than vinegar" applies completely than amo
Moxcans Suapt modo is invariably the best cou -
Just at this point the question up whether SC 20
Of your Wall street capitalists might not step N and a =
the bird while their friends from over the water ~
been beating the bushY There ia doubt but that Nj =
milan would rather have this great enterprise sche'
by Americans than by English II the Ia1h were nhe l
to the road completed, Is not desrous OF iihk nB
self toe intimately with English who are forever max m
demands and trumping up damages" ana osllel me
| OF annoyng governm nts-csp cialy those OF Spar z
America. In fact, only few days since Lloyd, as hs
| agent Of Messrs Smith, knight Co., "the compa
in London who have purchased the Escandon contr W,
published card In Of the French papers here
Inc at the enormous reclamations which his princ as
would hold against the Mexican government n the
road affair should be any longer delayed Ths SORT 81
thing Is by no means paatabic to tho government ese
cially at time when the Emperor Is strainng essls
to advance the interests OF Mexico, aud ~ gNna
his entire time to the patient consideration oil plans i"'
I the investment OF for. IGN capital
The Vera Cruz and Mexican Railroad will DO, wher
completed, exceedingly profitable Il will commeaa
virtually the trade Of the empire All the cargoes pass
from Vera Cruz into the interior TO supply several nv
lions OF consumcrs-all the troops passengers ANA ~.
ncalculable mt OF goods rod IN miDlry ahs 90 y
feeyerytbing in short 10 meet the demands Of great
nation into which increasing tide OF .nmigrasiop
is pouring, must pass oyer this grand highway,
! completing interoccanc communication sach ~ .
might well tempt the cupidty Of capitalists win W. ~
harrling with n generous government for terms WI *
surely no monarch In the world unless he had lost lt
scnscs would think Of conccdng The probable cost Of w
road from lis present inland terminus on to Mexico b&
been sludiousy concealed but one or two "
| have SO enormously exaggerated IL that even MexcN :
| who neither know nor claim know anything about saet
things laugh ut the absurdy Of the figures as given ~
the English engineers. The enterprise IL very hsayy
| ono and must cssf \ large sum The cuttings In many
PLACES will be expensive and the usual dmcult;es onns
In mountainous passes win b. presented; but thrse WI
not be much greater than been repeatedly overc
In the United States where the prospects OF proian
return were by no means SO Gattcripg. In case M
| Messrs Smith, knight Co. should not shceeo y, y
| eGcctng ANYTHING with this government, the rcqt Nlr
millions surely ought be forthcoming from wall 81
tithe of the capital annually thrown away va w,le o
mining speculatons and thcorcticd peTsieum pV's~s
| would more than build IT, -. -.
n BSlnce writing the above the difficulty hetN -
| contractors has beec