The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-06-20

The excitement In reference 70 Mexico seems
10 have been al Of sudden transferred from
the Rio Grande to Warrington. Now that Ma
poleon has decided to withdraw his troops,
there II perfect eGervescence among the fac-
lions and great activity among ell Glasses to
obtain foothold in that country. Washing
ton Is just now the centre Of their operations,
where numerous schemes arc presented for tho
approval OF Congress or indorsement by the
administration. All manner Of projects are
presented, from making President Of the re-
public down 10 fishing for pearls; from loan
| in Congress to . speculation in silver mines.
The correspondence which We published yes
terday furnished general idea Of tho projects
now under consideration in and out Of Con-
gress and developed many new and interest
| ing features in the Mexican muddle. 1t is ap-
parent that there is no lack Of schemes,
patented and otherwise, 10 save the republic;
but we very much doubt II any Of them will
furnish the necessary relief If adopted.
Taking the propositions offered altogether
they present very curious tumble. First we
have Romero, begging Of Congress for assist
ance and trying to secure all that he can, with
as few promises on the part of Mexico as posi-
ble At the same time he is busy denouncing
Santa Anna and other Mexicans, evidently
fearing that they will step in and carry of the
prize. He therefore hangs on to the coat-tails
Of the Lower California spectators, in the
hope of saving himself by disposing Of por-
ton Of the territory of Mexico, If by no other
way. While these things are fomenting
Santa Anna arrives with proposition to res
cue the republic. details Of which have not as
yet been made public. Next in turn comes
General Ortega, the legal President of the
republic, with a proposition to enter
into treaty, embracing either loan
by our government to the republic, or the sale
of some Of our surplus war material in ex-
change for Mexican bonds, for which he offers
as an additional inducement q guarantee of
special privileges to the commerce Of the
United States There are also three PROPOSE
tions for government loan pending before the
Committee on Foreign Afairs-one presented
several months since; tho second introduced
by Thad Stevens, to be secured by mortgage
on Lower California, Sonora, Sinaloa or Chi
huahua, with the idea, no doubt, Of some day
foreclosing it and annexing these States to this
country. Then we have the resolution of Rep
resentative Kelley, securing guarantee of our
government to all citizens of the United States
for the payment, according to the terms
thereof, of all loans Of the republic Of Mexico
now offered or hereafter to be offered, not to
exceed fifty millions Of dollars. These, with
the Lower California job of Butler, Alphabet
Barlow and Company, contain the substance
Of the several propositions presented which the
Committee on Foreign Relations is now con-
sidering. The parties interested in the mean
time are anxiously waiting the result.
What will be the result Of all this intrigue
and re-pulllng, or who will come out the sue
cessfnl party in this Mexican middle, it is i'm
possible at present to tell. A great deal de-
ponds upon toe course adopted by Mr.. Banks
committee, and also whether Congress has more
regard for . few spectators and the lobby
than 1t has tor the interests OF the republic Of
Mexico and the extension of our commerce into
that country. 1t is very evident, now that Thad
Stevens has put his shoulders to the wheel, that
Congress intends TO do something for that re-
public; but whether il will take the shape of
Endorsement OF the Butler and Barlow pearl
fisheries, present to Romero, Q loan secured
by a mortgage, alliance with Santa Anna or
treaty with Ortega for the benefit Of our COM
merce, future events alone can determine AT
all events this Mexican question bids fair to
become the all-absorbing topic for some time TO
come. The squabble Of the factions to have
hand in its management will be not only in
tercsting but amusing. In the meantime Maxi
milian's empire Is gradually falling to pieces,
and to all appearances he is in Is much need
of financial assistance as the republic. He
will, no doubt, soon be reduced to such straits
that he will abandon the country in disgust
and seek retirement in Europe, where crowned
heads are more respected than they are on this
continent
THE INTERNAL REVENUE Bill. IN THE SENATE
The Senate Committee on Finance has at last re-
ported the Internal Revenue bill to the Senate
with . number OF amendments. The number
OF articles placed on the free list has been in
creased, while on many others there has been
q reduction Of the amount OF tax required.
Among the most important reductions is that
| on cotton, from five 10 two cents per pound.
This is perhaps wise under the circumstances,
considering the embarrassments attending the
production of that article in the transition from
| the old system Of slave TO free labor. Two