New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-04-26
AFFAIRS IN MEXICO.

REPREHENsIBLH TRANSACTIONS N THE TREASURY
DEPARTMENT-THE PRESS on TIE SITUATION
RAILROAD PROJECTS.
lFROM THE REGULAR CORRESPONDENT OF THE rRIBuNE.l
MEXICO, March 2.-Public attention at this
mostly occupied IN criticisng the outrageous
transactions the Treasury Department, which, beng
OF the same shameless character "a those or former
administrations have elected the remark that President
Lerdo is no WISER ADLER than his predecessors
The matter referred TO that Congress- during its ast
session. passed act authorizing the President 20
contract loan OF g. 100000 This they did, all former
Congresses have done. without prescribing terras or
conditions There advertisement inviting bidders
for the loan no terms published, nothing to enghten
the oaptaIists, OF to show them how they
could safely invest. The information was
given privately TO Ring, for it must
be understood. these very Initiative people.
The Ring is composed OF Lerd0s q" Kitchen Cabinet
and certain Spanish bankers The loan is made as fol-
lows: Government gives orders upon the Custom
houses for O)O receivable at the different points in
monthly nstallments for the coming year in return,
the Ring pays in three monthly instaments s5ooOoo in
cash. and the remaining S50o0)o is paid IN old debts.
which have bought up by THIS Ring 40 ten cents on
the dollar Another Objectionable practice IN connection
with this loan the allowance OF ten per cent commits
sion TO the person who Is the head OF the Ring Thus
the Government realizes for sOoOOOo only $4,000 For
eiguers who have no partnership in this speculation Of
course admit the folly the crime OF this transaction
they often ask Why does not the Government advertise
for tile best ternsi When the friends OF the Administ
ton were told that the Germans would have negotiated
he loan in such way that the Government would have
realized S8OooOO the was, Then what would the
Syndicate have madet
Ills positively asserted that President LerdO receives
a lions share OF the spOils II Is known that Rsmon
Guzma is the chief Of the Syndicate and that he also
controls the Minister OF the Finance and has the general
management OF things about the Presidents private
ouarfers The profits clear 10 the Ring In this transac
ton are s50o0-SJ0OOO being the cost OF the old debts
II the general remark among the Mexeans that under
former Administrations the Government frequently
realized three-fourth, and always more than one-hal
OF the loans which they contracted but President
Ierto being good Spanard, has the nerve Of a con-
aesador and manages TO leave the Mexican people less
than half. Although the people are commenting very
freely about this loan the press "a 0minOusy SILENT THIS
silence accounted for in two ways-one Is that some OF
the Journals fee ont OF the profits OF the Ring
and the other portion waiting to see they are to
receive anything. n not, then we VIII hear little
about it, but much for, in politics, such operations
are considered oil right in Mexico. " To the vctors
belong the spells" Is a maxim more thoroughly carried
out than in any other country.
The press of this city if fast taking sides for the polt
cal aght which is to or at the next session OF Con-
gress. -Four of these journals have regular subyen-
ton from the Government-paid from the sums SET
1000 per MONTH another 81 600 and others receive
$500 each per month. The Tco Republics aud TRAIT
a. Union ukewarmlT support the Government, nut may
expected at any moment TO begin ATTACKS upon ~ as
II is known that they very much dissatisfied WIN the
course OF the President and they are the ony LHJ III
dependent papers IN Mexico. , - -,
Mexico Is strange country, aud POLITICIANS morn III
queuy here than elsewhere. ma slralge oeIeIoNH'
While Lerdo has gained over 70 his side lgesias anu lis
following Gems. EscObeda. AatOra, Corona ana others
have gone 10 the other Ade. IhFso arr eagAIs
military men, all Of whom hold high eommands' and III
cas- %
Rocha the successful commander OF the GOVeriihehb
the late revolution. the Ignorant anu con-
dsObeying ana defying the Government he AVl M
being, 20 Lerdo; bat he is noAe A1ae0
and unlawful demands Rocha and Corona changea
sides ON the question and at tue same aei 10 ~
demanded the command OF the expedition winch 70 ~
castgate aud eXtermnate II necessary, LOI.la o".
Rocha received the favor, aud corona treass w '"o
insult, be resented upon the INST ntting uccaso
The subject of railways general, ana the question OF
the English Railway Company IN particular, A. ei
belief that the President viii not act IN inc haeI vi
the Rosecrans and Plumb projects Decala1 e y w"s
pany hear IRON their associates ia tohuoh ~ -,
boldly maintained that Ierdo owns arge , IA
the English Company. But EnRiishInen are nhpopnIlr
and Americans the most IN favor wth tne IA
the OF railway projects in Mexico lne @
nds alone In his choice Plumb las secured e sup
port Cabinet, who In all other things asree viii
lerdO in this they differ because t1er lnteos AZ 'e
LerdOs interest is ia tne Vera Cruz inIwAy lns
is supported by majority IN C'IslssS ~ ma M
the people Of the interior. Tho coOiHess win
which President Lfro review, sao ,rto''t SI
IA puEzing all strangers, hut very Wen uiuetstOu ~
ola residents. While this subject VIII agh ree. 20
Minister Balearcei the Chief of Pablo hnn tne
man OF ideas" he IN called befe' hs - whony
Incapable writing Ofeial doeulne't ana relies on
tirey upon his confidential niend Jesns Sis.enaaer
member OF COagrs., 10 make out al 1I us report
Comparisons are frequtjftly Ihdr DeNeeh shI
Rosia oy tier respective rrpds lao-s ., .' io,n'sr
reor IA, s make ms MARA aHd Baicar-
oel can't do that"