The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1866-03-31
NAloLEoN's PLAN IN MEx1co.-The

ludtlou on LnS general condition Of
Mexico, an immense bulk of docu-
ments from the year 1864 to the ?,re-
sent time. Much of it has hereto
fore been published, and the re-
malnder presents but a few points of
public interest. One OF the papers
shows that the Mexican Republic
granted permission to our military
forces to pass over its territory in
order to conduct campaign against
the Apache Indians. Minister Ro-
nero, March 8, 1865, transmits to
Secretary Seward copy of letter
dated Paris, February l9, 1866, the
writer of which, he says, is worthy in
all respects of confidence, and the
sources from which he derives his
knowledge authentic. The letter is
as follows:
81 have derived from personal
conversation with high functionary
of the French Empire the following
facts: That at the last two confer
ences of the Councils of Ministers it
was resolved to try middle course
on the Mexican question, which gives
these ministers disquiet who have
been for the simplo withdrawal of
the French forces 1t seems that this
middle course consists in forming in
Mexico a Franco-American party,
which Is to hoist MS new standard
the departure Of Maximilian and the
re-establishment of the republic with
Bazaine as President. ud interim.
Thus it is thought to stop the trou-
bles of the United States. Absurd as
TINS project may appear, there is no
room to doubt of its existence. The
news comes borne out by various an
tecedents-the invincible repugnance
which Napoleon feels to Withdrawing
his troops without dissembling the
rumor which is aHoat that Bazainc is
working for himself in Mexico, and
the project being the theme of all
the French employees and function
aries, who have for some time been
informing Napoleon that the French
army is looked on favorably by the
Mexlcans, and that what they dislike
IS the monarchy and the Incompetence
Of Maximilian. So I have read from
private letters, which assures me this
was the idea that Bazaine tried to in
culcate III the interviews which he
had with Napoleon.
'By the last packet, chief of staff
and an employee of the Finance De-
partment have gone out, andaperhaps
they go out to modify, in accordance
with this idea, the Instructions of
Saillard, for the packet was even de-
layed to wait for them. 1t is stated
that the Minister of the Republic here
is condescending to this Government,
even to weakness. He fiatters and
praises it necessarily with real reck-
lessness.
Secretary Seward, under date of
March 4, 1866, thanks Senor Romero
for this and other information con-
tributing SO largely to his knowledge
of the events transporting with regard
to Mexico. York He7'ol1.
HE SUPPLY OF CoTroN.-Those
dealers who based their operations in
cotton and cotton goods upon the
reports that were extensively circu-
lated soon after the surrender of the
rebel armies, have been somewhaA dis
appointed 1t was stated that the
supply in the Southern States would
not exceed one million bales, and that
was all that could possibly be OBJ
tanned until after another crop was
gathered. These reports were, no
doubt, circulated for an object, and
to keep the price up rs long as posi-
BILE. At any rate, it had that effect,
and while it deceived many, it kept
the cost of the manufactured goods
to the consumer at an exorbitantly
high figure, and has nearly ruined a
number of cotton specuators. We
see from cotton circular just issued
in this city that the number of bales
already received at the different ship
ping ports since the close of the war
IS 100000 bales, or double that
which was generally reported when
hostilities were suspended The same
circular gives the amount still held
back at some 800, 900 bales. But we
imagine that it will be found that this
amount will exceed rather than fall
below 500, 900 bales. While the sup
ply in this country exceeds the gene
raj expectations, it is also stated that
the recent shipments from India have
been on an enormous scale, and that
the quantity already ahoat from that
country is such as to justify the ex-
pectations of an excess in Europe
from that source.
These facts reveal the dancer that