The Bolivar bulletin. [volume] (Bolivar, Hardeman County, Tenn.) 1865-1888, 1866-06-23
No44
The Theory of the Mexican Loan-Its
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1up0E lance
The new scheme for sustaining the repub-
Ican government Of Mexico and enforcing
the Monroe doctrine In that country appears
to be so little understood outside OF Wash
ington that brief statement of it viii be Of
interest and advantage to our readers
throughout the Union. The Emperor Maxi
millian has, as is well known, by the aid of
French troops, money, and supplies, sue
ceeded IN making such progress In the con-
quest Of Mexico that the two parties are now
nearly evenly matched. The United States
government, though warmly flvoring tho re
publican cause, has heretofore decided to
furnish material aid, in the hope that the
Mexican people themselves would be able
successfully to combat the invader and
drive him from their soil France has at
length, owing to the friendly Intervention Of
the American government, agreed to with
draw her troops within a given time; but
Austria then steps in and expresses viii
hugness to supply their places as fast as they
leave Whether or not we can prevent this
move remains to be seen.
BenitO Juarez, president of Mexico, has,
through his minister at Washington n Ro-
nero, informed our government that he viii
yet be able, without the assistance Of our
army, to rescue his country from the ambi-
tious grasp of France and Austria His
government and people appreciate and are
deeply grateful for the sympathy and good
offices Of the United States The Mexican
people are patriotic and loyal to the republi-
can government and are ready to submit to
any hardship, suffering or danger in defence
Of their country and their rights They have
freely given of their blood, treasure and
property to sustain it in this contest with
European aristocracy, and there is little dan
ger of their yielding to foreign foe They
Il l.. y.
to the United States to becoming depen-
dency of France or Austria, and the propo-
sitiOn now made by them, if accepted by US,
will result IN Mexico becoming either a free
republic or IN her annexation to our own
The treasury of Mexico having become
exhausted, the government is obliged to raise
money for carrying on the war outside of its
own borders, and has, therefore, determined
to issue bonds to the amount of S50000000
bearing interest," and payable in 10 and 20
years from date. These bonds the United
States are asked to indOrse, which act would
make them worth their full value in the
money markets of the world To secure
this government against loss in case the
bonds are not taken up by Mexico, the lat
ter government agrees to transfer to US the
northern tier Of Mexican states. Should the
United States government pay the bonds, it
will then take possession of the territory
named. In such an event, 1t would not pro-
badly be long before the balance of Mexico
would follow, with q clear title to this vast
! territory-an empire in itself-in the hands
Of our government; with foreign army
| holding considerable Of the remaining coun-
try, it is urged that the fate of Mexico, either
as empire or as an independent republic,
would not remain long undecided. The
French and Austrians, dreading the power
of the United States and fearing to provoke
a collision, would at once abandon the coun-
try, and NapoleOns scheme for engrafting
the Latin race upon this continent would
be defeated
Such, as we understand it, is the theory of
the Mexican loan which the government of
the United States is asked to endorse. Of
the prOpriety and wisdom of the measure,
we are not now prepared to speak. The
whole matter will doubtless receive the care
full consideration of Congress, and such ac-
ton be taken as will enure to the best inter
est Of our own great republic. We are Of
those who believe that ultimately the whole
North American continent, from the Arctic
ocean on the north to the isthmus Of Panama
on the south, will come under the control of
the United States Every year seems to de-
monstrate more clearly that this is a part of
our manifest destiny, and events now in
| progress would seem to point to it more GER
tainly than heretofore.