Year: 1870

near it's close, and the friends of Mexico are
speculating with anxiety upon the prospects OF
that unfortunate country under the admins
tration, whatever it may be, to which fate
will next commit its dcstinies. 1t is hardly
possible that the Republic, in its present social
condition, should hold together much longer.
It is hardly possible either that we should
bear another generation of anarchy in rich
territory, right under our windows, with which
our political and commercial interests are of a
very important kind No European power VIII
be likely again to interfere with the autonomy
of Mexico; but such reign of disorder
as the last fifty years have witnessed
there would be almost as insupportable
by the United States as the landing OF
another French army at Vera Cruz. We
can never feel at ease until Mexico acquires
political stability, not under the shelter of
foreign protection, but by the action of its
own citizens. The disorders which have so
long torn the country spring in great meas
ure from peculiar social conditions. Mexico is
q territory of vast extent and scattered popu-
latiOn. The ambition of the people is to live
with the least trouble, and little therefore Is
produced except what must be consumed on
the spot. If the abundant resources of the
land were developed, there is no way Of
getting the product to market for nature has
not given Mexico the great river highways
which are so common in the United States,
and natural Incidence, cultivated by long
centuries of laziness, units the people for
the labor of building roads. The precious
| metals alone are sent to the coast for export,
because of these small bulk is worth good
deal and transportation is comparatively easy.
The consequences of this system are, first, an
inevitable encouragement of brigandage and
the various more or less political disturb
ances which are only brigandage a little dis
gused and secondly, such scarcity of money
| that commerce on any respectable scale is i'm
possible. Thus the fields lie fallOw because
there is no market; legitimate enterprise is
barred because there is neither the means of
intercommuncaton nor circulating medium;
industry is crippled because the money is sent
out of the country for the purchase of luxu-
! ries; and thievery and violence are rampant
because there is 10 honest employment for
active men, while every road and bridle-path
gltters with temptations


We see no hope for such an unfortunate
country except in some friendly Intervention
which may create internal Improvements and
develop the great paciiier and civilizer, COM
merce. Assistance such this would bind to-
gcther the loose elements of Mexican society
and give energetic spirits something better to
think of than prORuncidmentOS. We have al
ready spoken of Gen. ROsecrans's scheme Of
Mexican regeneration, and the more carefully
we examine it the better are we satisfied that
it is full of promise for our sister Republic,
and indirectly for ourselves also. He purposes
Offering the capital and business energy Of
private American citizens to give Mexico
the two things she most needs for the
creation of her domestic trade and man
ufactures,-namely, banks and railroads.
and he asks from the United States
Congress only resolution of approval
and a charter of incorporation for his COM
pany. The details of his project depend of
course upon the concessions that may be OBJ
tanned from the Mexican Government. We
understand that in its general features it has
the cordial approval of the Juarez administra-
ton. Subscriptions to the capital stock of the
railway company are invited both in Mexico
and in the United States. The banking scheme
depends partly upon subscriptions and partly
upon the business of minting, which the MeXi-
can Government is willing to transfer to the
company for a long term of years, reserving n
partnership share in the profits. The bank is
To issue notes to an amount not exceeding
twice its paid in capital stock, discount paper,
make loans, purchase ore and cOnducta receipts
for money or metals, make advances on exports
and furnish capital for mines, manufactures, and
works of internal Improvement generally. The
particular provisions of this plan are the
concern of the subscribers of stock and the
Mexican Government, and we need not con-
slider them here. Our chief interest is in the
memorial which Gen. Rosecrans lays before
the American Congress- asking a resolution of
sympathy with his project and charter of in
corporation. We see no objection to granting
these very modest requests A resolution of
the kind proposed would not involve us in any
responsibility, and if it is properly worded
need not be construed as q recommendation
of Rosecranss or any other particular project
while rs "A declaration of the national policy,
which ought to encourage all the nations in
this hemisphere to work out their own
destiny without foreign interference, and
TO strengthen themselves by domestic industry
against forei IN assaults, it would have no
slight moral influence. The charter of ncor-
pOratiOn would be valuable in the same way
and to the same extent as the resolution of
sympathy. 1t is not necessary because the COM
pany can organize under the general laws of
the State of New-York; but the action of
Congress and the Presidents signature would
give an air of dignity and respectability to the
scheme upon which Gen. ROsecrans rightly
sets high value The Generals unsullied