From the Washington Union. Sept. . |
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IRON the washington Union, sept j
INTERESTING DEvELoPMENTs.-Thc reader will
Judge, by the following statements, OF the capacity
OF Mexico for carrying war with the United States


LUIS Ia
IS compelled to play First member OF the Chamber
OF Deputies, opposing twelve months ago. loan OF ten
millions ana Minister of Finance, proposing
loan OF fifteen millions How is possible that Mexico
can raise the loan for the war las senor osa the de-
putty, would demonstrate to Senor Rosa, the minister


The .fmgo dl Pueblo OF Mexico, of the 10Th Of July
contains long article the subject of the proposition
made by the ministry to Congress- for loan OF fifteen
millions OF dollars in order to conduct the Texas


The Minister OF Finance, OF whose report and propo-
since senor Luis de la Rosa. Now, this gentleman
was, last year. a member OF the Chamber of Deputies
and in that character appointed with three other
members to examine proposition for loan Of ten mil


lions OF dollars, presented by the expelled ministry
the 3oh of August, 1874 in order to carry
The committee reported against the proposition
and their report drawn up by Rosa chairman con-
tanning most melancholy picture Of the finances of
Mexico and showing that the loan, if it could possibly
given at length in the .lnigo.


From this report it appears that the foreign debt of
Mexico amounts to than fifty millions OF dollars of
which twenty millions begin to be payable the st Of
October, 1917. For the payment of this latter sum, and
Chihuahua, Sonora, New Mexico and Texas equal to
onesiSth Of all the territory claimed by the republic
morgaged Mexican bonds bring more than 80 per
cent ini London and by loan the amount required
would fall to 25 per cent that in the opinion Of the
committee IN order to realize the ten millions asked
addition OF forty millions to the national debt will be
cessary Under those circumstances tho committee de.
clared that although would be desirable and glorious
to recover Texas yet the should ruined in
order TO effect that end accordingly they recommended
the rejection OF the proposition conceiving that the
belious province might be brought to submission, by
merely employing the regular means of the State with
economy.


The proposition for loan of ten millions accord
ingly rejected in October, lsii yet this same Scnor
Luis de la Rosa who then considered it impossible to
raise that amount without running the State, now, in
July, lsi5, himself recommends that the ministry of
which he forms part should be empowered to raise f
teen millions by extraordinary means-ccrtainly not
less ruinous than those rejected by him few months
before.


The .4migo than asks the que son how fifteen mil.
lions ofdolars would suffice for the contemplated pur
pose. The nation has had thirty thousand men
under since its independence completed yet
the annual army appropriations have been less
than twelve millions OF dollars Will not larger
Der of he required if Texas is to be
Can this be certainly done in year May no checks
be anticipated! After the reconques will the country
always remain in quiet subjecon without the necessity
of borrowing any more millions


The ministry" says The .1m;go talks of war; but has
intention OF making it. The opposition is regarded
by it much greater evil than the loss Of Texas and


its displacement the heaviest calamity with which
Mexico can be afflicted