From the Union.

INTERESTING DEVELOPMENTS.
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The reader will Judge, BY the following state
ments, Of the capacity of Mexico for carrying on
war with the United States. 1t is really anus
ing to see what a variety Of characters the pres
ent Minister of Finance. Senor Louis de la Rosa,
is compelled to play! First, as member of the
Chamber Of Deputies, opposing. twelve months
ago, a loan Of ten millions: and now, as Minister
of Finance, proposing loan OF fifteen Millions
How is it possible that Mexico can raise the loan
for the warl-as Senior Rosa, the depu'y, would
demonstrate to Senor Rosa, the minister.


The Amigo del Pueblo of Mexico, Of the Goth
of July, contains a long article on the subject of
tho proposition made by the'ministry TO Congress,
for loan Of fifteen millions Of dollars, in order
to conduct tho war in Texas.


The Minister of Finance, Of whose report and
proposition for the loan we published lransla-
ton few DAYS since, is Senior Louis de la Rosa.
Now this gentleman was, las. year, member OF
tho Chamber Of Deputies, and in that character
was appointed, with three other members. 10 eX.
anime proposition for loan of ten millions of
dollars, presented by the expelled ministry on the
3Oth of August, 1874, in order TO carry on this
same war. The committee reported against the
proposition and their report, drawn up by Rosa
as chairman, containing most melancholy pic
ture of the finances of Mexico. and showing that
the loan, if it could possibly be obtained, must
complete the ruin Of the republic, is given al
length in the Amigo.


From this report, it appears that the foreign
debt of Mexico amounts to more than fifty mill
ions of dollars of which twenty millions begin to
be payable on the lsl OF October, ISL. For the
pavmcnt of this latter sum, and Is interest, one
huadred millions of acres in California, Chhua.
hua. Sonora, New Mexico. and Texas. equal to
one sixth Of all the territory claimed BY the re-
public, are mortgaged, Mexican bonds bring no
more than 3S per cent. in London; and by a loan
to the amour, required, would fail 10 % per cent;
so that. in the opinion Of the committee, in order
to realize the ten millions asked, an addition OF
forty millions to the national debt will be neces.
sary. Under these circumstances, the committee
declared that, although it would be desirable and
glorious to recover Texas, yet the ration should