The Portland daily press., 1866-09-19
DAILY PRESS.
PORTLAND.
Wednesday Morning, September 10, 1855
PORTLAND.
The Mexican Republic,

The Mexican Republic.
The rumor that Macmillan will leave the
Latin race on this continent to their own re-
publican devices within month, is quite IKE
Iy to prove true. When the Archduke TOOK
charge of the destinies Of Mexico, that lll-gov-
erned country had just discharged every dol
lar of its domestic debt and owed to Spanish,
French and English subjects nearly $S2,0OO,-
600, including the Jecker debt of less than
two millions. Under Maximilian's able ad-
ministration the Jecker claim has been adjust
ed at 100000, and the entire debt has been
increased by $l90,O00O00. The additional in
terest amounts to over S1o,OOO,O0O year. The
bonds OF the first eighty millions of additional
debt were issued at 63 and have since sunk to
49, How this remarkable result. has come
about is no secret. Before his accession Max
milian agreed to pay to France an indemnity
OF looOf per annum for every French soldier
In the country. His civillist foots up to ST.
100000 year, while the salary of Juarez was
was only $4,000. The people have proved
hopelessly rebellious, and no revenue has been
obtainable except from the customs
Under the circumstances our Austrian
neghbor has paid bis troops and his foreign
interest, as well as his brokers' commissions in
bonds. He has borrowed $3.50, 100000 in France
And the annual expenditures of the French
Government have advanced from $500. 100000
to S45O,OOO,OOOl As matters grew more des-
perate the financial struggles of the Imperial
Government became more violent and more
evidently futile. In May last tax of a sixth
OF the revenue of all town lands and seventh
OF that OF country lands was decreed. AS this
measure proved impracticable, il was revoked
on the I'd of August and q tag of s per mill.
levied upon the valuation. Commercial hous-
es in Vera Cruz are now compelled to pay Ii
cense fees ranging from 81 600 to $1,000 a
year. In June, the collection of the customs
was turned over to French subalterns. On the
10Th July, the ministry of finance was made
over to the commissary-in-chief of the French
army. On the Both July Macmillan signed
convention transferring to the French
agents one half the receipts from customs af-
ter the LIST of November next, for the purpose
of meeting the demands of France. Just now
we hear that he has issued decree to collect
Is per cent. of the value of the confiscated
church property. As this tax cannot be paid.
it remains to be seen what will be done or at
tempted next. ""i n'1'
In short, the financial condition of the Mex
lean Empire is expires sed by single word
Insolvency. The longer Macmillan remains
in Mexico, the worse it will be for France, and
the French treasury indisputably has bot
tom. On the other hand, il he abdicates,
there is an unpaid debt of at least $500, 0o0,-
900, which the Republican Government will
certainly refuse TO acknowledge. The ques-
ton for France is whether she viii lose S200,-
100000 now, or more by and by, or finally
whether by any ingenious method that sum
can after all be collected with costs-the lat
ter branch of the inquiry involving endless
perplexity. aa s5a 4,
T AS to the pretense of governing Mexico,
France is quite willing to abandon that
Within few days we have heard of the
French troops evacuating Guaymas, Mazat-
Ian, San Luis Potosi; Of the capitalization OF
800 Austrian soldiers in Jesuittan; OF Repub-
lican attacks, more or less successful, upon
Gaudalaxara and Vera Cruz. From the bay
of Campeachy to the gulf of California, the
French are falling back and the Mexicans are
Using s forward; These little companies OF
haitafned ragamunnS, the laughing ctucrx vs
our soldiers on the other side of the Rio
Grande, are actually gaining ground upon the
French troops. There have been no great
battles. There is no Mexican army but there
are swans OF Republican mosquitoes, buzzing
and singing the invaders in every quarter
The most remarkable and hopeful result of
the French invasion is found in the univer-
sal recognition of the authority of Juarez.-
This remarkable man was elected President
in 1857. Everywhere then, he encountered
the opposition Of the clergy. To-day the cler-
lcal party, by its adhesion to Maximiian, has
lost all its influence. The Republicans are
united to man. When Ortega and Manuel
Ruez undertook to dispute the authority Of
tine President, the one was forced to seek the
protection of the Imperalsts and the other to
escape to the United States Jaurez, who
was not upon the spot, who had only hand
full of men at his command, found himselfun-
iversally acknowledged as the Chief Maeis-
trate OF the nation, and the two influential
men who had set the example OF ;nsubordina-
ton, found themselves by that act suddenly
stripped OF influence. For the first time in
forty years, the Liberal leaders in the most
distant States Willingly acknowledge COM
mon head. 1IA SRs
Supported by party so unanimous, Juarez
will be able to complete peacefully the great
reforms be inaugurated. The completed con
fiscation of the church property will release
the renovated nation from part of its bur
dens A just imposition of taxes upon real
estate will serveas basis the OF a per1nanentrev-
enue. The species ofslavery known as peonage
will be abolished. Indirectly the French &C.
cupation may prove to have been of great adj
vantage to Mexico.