, 1866-04-20

tempting territory, the United atates shall
pay him few millions Of dollars to make the
purchase valid, aud to recognize his as tho
lawful Government OF Mexico, to make |
Il commercial treaty With him and re-
establish diplomatic relations between the |
two countries. He L. willing to give up onc-
third Of Mexico to us for the sake Of qnietIng
his title to the remainder, and being placed In |
secure possession thereof; after which he pro-
poses to send the French home, and dependel
on the Austrian and Belgian troops. i
II MISCARRIAGE.
Rumor has 1t, tha1 when the courier first
presented this scheme to the Secretary of
State be IVES greatly pleased with 1t, IS 1t was
precisely what be had been fishing for, over
since last summer. The trout was at last
biting at bis s'tly." Should he land hin But
before the arrival of Max's confidential agent,
new troubles had arisen at the White House.
The President, his master, waa In "bad
f1x," and urgently in need Of extdcation. The
bottom had all fallen out of the "John-
son Unionparty." In abort, the
new party was s'paiscarriage."
Notwithstanding the skill and experience Of
the accouchers and IS grannies," the bant1ing
IVES still-born. Whatls to be done for Andy,
able and ridiculous plight? The Republican
party stubbornly resisted the utmost efforts
o, johnson, Seward, Blair, Weed, Doolittle
and Dixon to break 1t in TWIN. It would not
crack or split, but stood tmmovable and solid
as mountain. eomo conservative" dirt
and sand was scraped of or blown away; but
to the establishment Of the consplrators, the
whole mountain was found to BE- radical gran
ite. 1lr. Seward had actually confirmed
Johnson In his belief, that the Radicals were
ouly small faction, white the great body Of
the Republican party were conservatives"
like Doolittle and himself, who endorsed the
'Johnson policy Of reconstruction. He was
partly cured Of this error when he read the
comments of the Republican press on his ed
of February speech to the Copperhcads; but
his eyes were not fully opened until he wit
nessed the triumphant passage Of the Civil
Rights Bill over his seto by both Houses Of
Congress, by enormous major'ties. He then
discovered that his "Johnson ps-
tyr was a myth, q. dss w.
Ike the Irishmuns flea, ~hcn he pnt..s5daa .ua, 10y
ger on il, va. "ei here III labd ,is i,minant Re-
hls only supportsssssr Party stood solid INIT
rebels and h4a5dliey" aud conspiracy. There
Il no middle ground for him to occupy. He
mus. either return to the Republican party
aud pc governed By its principles and poll
clcs, or he must openly join the Copperheaas
anu rebels and depend on them for support In
the future. II he pursues the latter course,
the probabilities are that Weed, Raymond,
Lane, Dixon, aud all his Cabinet, will ahan-
don him and rcfusc to follow him into the Cop
perhead ranks. Eerhaps Doollttle aud Cowan
arc the only two Republicans he would be
able to take with him into the enemy's camp.
Seward Is alarmed ut the deplorable con-
dition of bis masters affairs; nor can he
bear The thought OF having the alternative
placcd before him Of rcsigning his portfolio
md retiring into private life, or following
johnson into the Coppcrhead party. In this
emergency, It Is reported, that he has grand
scheme partly concocted which It Is expected
Will relieve johnson from his dilemma,
restore his popularity, and produce
reconciliation between the loyal
and dls1oyal sections Of tho Union. The plan
is, for the Government 10 espouse the eanse Of
the liberals In Mexico, guarantee their loan OF
fifty millions, take mortgage on the North
ern States of Mexico In security for Its pay
meut, pick aquarrel With 3.axinillan, which
will be easy to do, come to blows with the
French on the Rio Grande, let Franco declare
war on the United States, march N army IN
to Mexico and drive the invaders ont, seize
the French sugar Island in tho Vest Indies
by mcans Of their contiguity, and our super1-
o1ity at sea- In other words the scheme Is to
divert the attention of the American people
from domestic to foreign politics. Il IL pro-
posed TO constitute the "arnJ Of Liberation" :"
Of equal portions OF ex-rebcls, E0rthetn Un-
ion men and colored troops. He thinks that
afler winning battles, whipping the French
and driving them out Of the country and
reaping glory in partnership, the people OF
| the North and South would thereafter frater-
Dixe and an era Of good feeling Wonld be In
| nugu1ated. And that the reconstruction Of
| the insurgent Ststes would bo effected
on terms Satisfactory to the cx-rebels, as the
North would be In compliant mood and
| couccdlug humor. He illustrates his position
| by citing the frequent aud familiar case OF an
Irlsbman and hts wife fighting with each
| other and when nelghhor rushes In 10 save
The woman from bad beating, they make up
their quarrel instantly aud turn On the intru'
der and pommel him.
THE MEXICAN LOAN.
As the Me1Icans never pay the principal oi
any debt, the idca is Tint our Government
would have to foreclose the afty million
mortgage aud take Possession OF the thinly
populated States Of Northern Mexico In pay
ment thereof, md In compensation for on.
services in freeing their country Of foreign iu
yaders..
What gives additional weight to those 70
the Mexican Minister who for the past 81,
i rI 80 IL
by the State Department, u now re
celrcd with smiles and complaf
sahce. A strong lobby IL being formed u
put the ally million loan through Congress
Rumor has Il that len nillious OF the any
! to ,be divided among the - lobby" for putting
the lonn through. How much, II any, vii
lind its way into the pockets or tic 1ne1nbers
Is not known, but the lobby can afford to b
liberal, aud still Keep large plums for thei
own tronb1e nnd services. It Is lair 10 pre-
sume that those members who vote and spcal
against the 1oan are out side Of the "rfng."
coRKopoRATIvE PROOFS.
It is we'll understood by those who have &C
ccss TO the tgrcen-room" and can see bohin
the scenes, that Macmillan stock has rapid
fallen s,nce the passacc Of the Civil Right
Bill over the veto, md the consequent evapc
| ration of the "Jchnson Conservative party.
! It is also reported that orders have been sen
to tle various navy yards to place large nun
ber Of naval vessels in condition for immediat
service. The gathering war cloud In Europ
and the dlscontcnted state Of tho French pei
,, pie with Napoleon, arc deemed to furnish
: favorable opportunity for enforcing the MOI
roc doctrine in Mexico aud resculns the Pres
dent from his entaDglements and rcstoEfn
; him once more to 4 position Of commandln
influence nnd popularity. OBSERVER