The New York Herald Newspaper, July 9, 1866, Page 2

4 FINANCIAL AND COMMERCIAL. Sunpay, July 8, 1866. ‘The sluggish monotony which marked the course of Dusiness on the Stock Exchange last month has been dispelled, and an active ravival of speculation was the main feature of interest in Wall street during the past wook. Railway securities advanced without exception, and a brisk summer movement fora rise seems to have airly sot in, based upon the appreciation of values ‘and the prevailmg monotary ease which is likely to be undisturbed for an indefinitely long period to come, Government sccuritics, too, were unusually active and buoyant, but in view of the foreign market, five-twenties at least aro not likely to go much if any higher, and if the domand from the other side is not equal to the ex- pectations of the recent speculative buyers @ slight re- Sapae is likely to be exprienced, Among the railway shayes Erie, Reading and Fort ‘Wayne have been the strongest aid most largely dealt 4n, the course of the first mentioned in particular being very excited, owing to the large ‘short’ inter- est in it and the consequent rush to “cover” con- tracts. Those who sold this stock under the advice of its speculative director, whose football it is can now appreciate the treachery of both. As to the duration of the present speculative movement in railway Shares there can be little doubt that it will be prolonged, with short intervals of comparative dulness, into the fall, and thas it will involve no inconsidorable rise, espe - cially in the ten per cent dividend paying stocks, which are relatively far cheaper than New York Central andthe fQon-dividend paying shares, ‘The market closed strong on Saturday at five P. M., at the following quotations:—New York Central 9934 a 5, Erie 69% a 34, Hudson River 112 bid, Reading 107%, Michigan Southern ‘80a 44, Tinois Central 121% a 122, Cloveland and Pittsburg 83%{ a %, Cleveland and Toledo 109% a Xf, Rock Island 9534 a 74, Northwostern 313; a 3—preferred 6114 a 3%, Fort Wayne 973 a %, Canton 5554 a 8%, Cumberland 4614 a 8, Quicksilver 483¢ a 50. Owing to the increased activity on the Stock Exchange there was an improved demand for loans, but the supply of moncy was abundant at 4a 5per cent, although an effort was made to tighten the market, The gold market was quiet throughout, bat, on the whole, steady.~ The expdrt of specie and bars for the week was about equal to the amount received from Call- fornia, The Sub-Treasury disbursed $3,964,634 in coin; interest on the public debt, and its receipts on account of customs duties were $2,462,265. The daily range of the market was as under:— Highest, 155% bad «+153: 52 "Susiness transacted tes ii b, 4g 2 .1543¢ 158% Loans were made at the close without interest, and at 4 a 5 per cent for carrying, in view of which the premium shows great firmness—a feature which will probably characterize it for a long time to come considering the limited amount of coin that remains in the country. During. the ten weeks ending yesterday we shipped to Europe $44,882,301 in specie ex- cepting a mere triflo of gold and silver in bars, and this, with the exchanges still heavily against us and the cot- ton exports dwindling into insignificance, is a sum which we cannot quickly replace. Moreover, the next cotton crop promisesto be a very light one, say from a million ‘and a half to two million bales. ‘The receipts of cotton at all the ports last weck aggre- gated about 13,500 bales, and the exports less than 1,600 Dales. The stocks at all tho ports are estimated at 354,026 bales, of which New Orleans held on June 29, ‘213,230; Mobile, 35,095; Charleston, 6,366; Savannah, 11,554; Toxas, June 22, 6,753; Florida, June 2, 4,588; ‘New York, July 6, 139,000, and other ports about 39,000. ‘The almost total cessation of exports is mainly due to ‘the quiet market and large stock at Liverpool, and it is therofore not surprising that the market hore continues Gult and drooping. The drygoods trade has been Inactive, but prices were steady. There have ben loud and prolonged complaints of the dulneas of this department of trade at frequent Intervals since the commencement of the year, but the import returns show that the business in foroign fabrics has been unprecedently large, and there is, as yet, no ign of @ falling off in those importations. The value of the latter in gold, including manufactures of wool, cot- ton, silk, flax and miscellancous fabrics, for the year ending on June 30 last, at this port was $187,055,834 fageiast only $40,853,939 in the previous year, and $83,234,066 in 1863-4, ‘Tho foreign exchange market was dull but firm. Draw- ers are indisposed to make cencessions and confidence in sixty days’ bills is almost enirely restored. The closing quotations were :—Bankers’ bills on England (long date) 106 a 108%, short date 110 a 1103s, commercial 107 a 107%; france at sixty days, 6.10 a 6.1234, three days, 5.736 0 5.10. There appears to be little probability of the passage of the protectionist tariff bull, framed for the benefit of the very few manufacturers and holders of certain classes of goods whe have been “lobbying” in Washington at the expense of all the rest of the community; for even gome of those in Congress who before its exposure were {in {ts favor arc now arraying themselves against it, as if ashamed of any association with such a disgraceful piece of jobbery. But should it by any possibility pass in any- thing like its present form, we call upon the Preei- dont to veto it without hesitation; and there can De little doubt that he will do so, His voto message will aford him « fine opportunity for reviewing the financial mismanagement of the last five years. He can therein expose the blunders and show the ignorance of the men who managed and legis- lated upon the finances of the country, The estimates of Mr. Fessenden regarding revenue have proved ludi- crously false; the narrow banking theories which Mr. McCulloch applies to the affairs of a great nation are unworthy of a Secretary of the Treasury, and the make- shift policy of the author of the national banking sys- tem has inflicted upon us evils the full’ extent Of which can only be developed by time. Our finances were conducted during the war on no recognized princi- Ple, and without the slightest regard to consequences. ‘Tho government was willing to borrow on any terms, as if t looked forward to ultimate repudiation for relief. ‘Neither in the Cabinet nor in Congress was there any Gisplay of foresight or a wise fiscal policy, and so we Grifted into mbarrassments which would have reduced the country to bankroptcy had the war lasted another year. Bui in the heat of the contest the people made no complaint, They supported the administration through right and wrong, and all for the wake of that political unity for which we fought so hard and long. Now, however, the case is different. The war is over, the people are burdened with tax- ation, and they aro becoming critical of the finan- cial policy of the nation, Thoy will no longer toler. ate the abuses and ignorance which wore before Submitted to, but insist upon a reduction of expendi- gure and taxation, and, in short, an entire change for the better In our financial system. There is a strong and growing public sentiment upon this subject, for it ts one that appeala to every man's pocket, Hore, then, the Prosidont will, in tho event of the passage of this tariff bill, have an opportunity to enlist the sympathies of the people such as rarely offers, and for him not to fake advantage pf it would be to commit little leas than Political suicide. ‘We are giad jo find that the military commission ap- pointed to try Paymaster Paulding have not been so romies of their duty as wos at first reported. In sen. fencing that unflinching eupporter of the fortanes of the ‘Merchants’ National Bank at Washington to one year’s $mprivonment and to pay a fine of $5,000, an example has been set which even at this late day ts not likely to be without its uses, The Committee of the London Stock Exchange have for the second me given attention to speculative deal- ings in bank stocks, with the view of enforcing restric. Hons upon the same, and thereby diminishing the facili. ties which now exist for “bearing” the market ; and their decision was that any alteration in the manner of oaling was inexpediont. They, however, reduced the time allowed between the issue of the ticket or purchas- er's transfer note and the signature of the transfers to seven days, by which in future purebasors of shares may exact their delivery on the seventh day, following each Settling of the Stock Exchange. The measure will not Interfere with the ordinary legitimate operations of the market. Government securtting were quoted on each Saturday Of the past four weeks as follows: — The quotations of the Jeading stocks sold at the first Session of tho Stock Exehanzo at the close of each of tho last four weoks were as follows :— Stocks, June 16, June 28, June 30. July 7. Atlantic Mail........ 120 125 125% «1K Alton & Terre HauteRR. 33 32 31 32 Alton & Terre Haute pref 6234 hd a Boston Water Power. - 0 41 uM 23 60% 658 5435 553K 85 R482 105 = 106% 106 i 109 Chicago oF 94% (Of 95: Ghicago & Northwestern. 303, 20% 30 31 Chicago&Northwestern pf 69 58% 8S 61% Cumberland Coal... 45% 44 4B AG Delaware &Hudson, 6 bt 12 ay 190% 122 ‘xk nx 10 10: aig 23 98 99 61 68 4 18) by 27 the the 3 48 100% 107! BLA! The shipments of specie from this port last week and during the year to date compare as follows with the cor- responding periods in 1864 and 1865 :— 1864. 1965, 1866, Twenty-neventh week. $496,339 $34,858 $1,630,780 Previously reported. . 20,268,846 18,014,777 45,672,788 From Jan. 1 to date . $29,755,185 $18,049,685 $47,308,618 The Now York imports for the week ending July6 compare as follows with the two weeks previously :— om. June 29, July 6. Dry goods...........$2,074,282 $1,278,778 $1,413,181 General merchandise. 4,672,661 1,734,627 1,789,317 Total..............$6,746,943 $3,013,605 $3,202,498 The imports of foreign dry goods.compare aa follows with former returns :— For the Week, 1864. 1865. 1866. Entered at the port $620.414 $1,396,000 $1,413,181 ‘Thrown on market. 357,106 1,275,610 2,680,195 Since Jan, 1. 1864, 1865, 1866 Entered at the port. $46.350,979 $24,624,166 $60,714,862 ‘Thrown on market. 43,915,256 29,100,263 66,941,071 The following table shows the imports of foreign dry goods at this port for the past sixteen years:— Year. Value, Year. 1850-1.. + $64,613,747 1858-9 1851-2, 57,221,062 1859-60. 1852-3. 79,192,513 1860-1 1853-4 92,389,627 1861-2. 1854-5, 62,913,443 1862-3, 1855-6, 85,808,090 1863-4. 1856-7 92 629,083 1864-5 49. 853.939 1857-8. 67,317,736 1865-6. « 187,055,834 Tho Pittsburg bank statemont for tho quarter ending July 1, compares as follows with tho return of the pro- ceding quarter:— April. July. $10,393,500 $10,543,500 inc, $450,000 3,041,804 ~ 1,487,111 Dec, 1,554,283 6,203,004 6,701:909 Inc. "498,905 11,702,675 11,730,474 Inc. 27,790 Loans, dise USsecurities 25,048,240 24,153,530 Dec, 889,710 Goins, cash, &c 4,951,963 4,786,929 Dec. 164,434 COMMERCIAL REPORT. " Saturvay, July 7—6 P. M. Asnes,—Receipts 17 bbls, The market continued dull, and in the absence of transactions prices were nominal. Breansturrs.—Receipts, 9,025 bbls, flour, 2,656 do. corn meal, 22,234 bushels wheat, 116,989 do. corn, 34,261 do, oats, 26,500 do. rye, and 1,025 do. malt, State and Western flour was in good demand for consumption and export to tho British provinces, &c., aswell as to Lon- don, and good grades wero well sustained. Common was dull and irregular. Tho sales were 10,000 bbis. at the xed quotations, Southern flour was in moderate ‘demand, but prices wore unchanged; sales 350 bbis. ‘The market for Canada flour continued dull and depressed, $7 90 71a 870 8 80a 10 15 Tia 990 8 75.10 20 10 26 a 13 75 10 20a 12 00 12 10a 17 00 9 00a 10 35 0 40a 13 90 6 60a 700 4000 425 punc! 0 ry —Wheat was dull and prices were unust in buyery’ favor. Prime was too high to adi at by the imit of mi ‘The sales were confined to bushel $2 31 a $2 40 for common to prime new No. 1 Milwau- kee. Corn was in good ive di and ‘wero 1c. higher, the ot closing firm at ent. The transactions embrace 190,000 bushels 3 = Western. fo was more active and firmer, Sales 15,000 ee ae 1 Of a $106 for Wertern, and $1 26 a 30 39 Correr was without noticeable change. The only sale of Rio made was a part of the Chowan’s cargo, comprising 1m! beg Dot anit terms, Der —Brown sheetings—Indian Head, a 37 , i A 17. ; ‘Pepperell tian, tt By 15¢0 ; Tnelan .. W, Tiger, Ibe,’ Bleached cottons—Wamsuita, 3756. ; Lons: ‘se. ; Hill, 3230. ; Fountain, 26¢.; 78 Hill, 3836, James, 23\c.: Red Bank, 18\¢ ; Barnsley, ie 3 3. Canoe, 5c. Tirks—Amoskoag, A. C. A, 60, B, 42%, D, 82%0.; Hamilton, dic.; Pemberton, F, 27ic.; Swift Rever, 300, ; Albany, dc, Denims—Amoskeng, 52340. ; Haymaker, 3314c. ; Boston, 2740. ; Warren, 32446. ; Prov idence, Madison, 2ic. Stripes—York, 324. ; Uncasville, 250. ; American, 230. ; Albany 14c, Checks— Kennobeck, 3c. ; Whittexton, Sc. ; Bedtord, 18¢. Cot milton, Stout, B8i¢o. ;- Nashua, 28440. ; atervilie, 28346. Prints—Morrinuck, D, rague, 203s. ; American, 20c. ; Allen, 19¢. ; Amos- 9c,; Wamsuita, 15340. | Detaines—Mancherter, Hamilton and Poo fic, 224°. Ginglams—Lan- 7466. ; Glascow, 26%4e.'; Hartford 22 ic. EM, B73. Union, A, 4bc.; York checks, Pepporell, 25}0.; Indian Orchard, 16¢ ; Colored cambrics—Washington, 1de.; Viewory, H, 14366. ; Portland, Iie. ‘Thread—Contes', $1 Ov; Green’ & Dan: tela’, 72540. Freiuis wore very quiet, corn being too high to ad mit of inrge purchases for export. The engagements in- clude :——To Liverpool 900 bbis. flout at Is. 6d. (the first shipment for many montts), 7,000 bushels corn at 44d. and 260 tons logwood on priva’e terms. To London, 66 hhds, tobacco at 225 6d, 2,200 bbls, flour at 2s, and 7,000 busheis corn at 61,4. "A brig to Bristol, corn, 4s. ; a brig from Jacksonville to Matanzas, lumber, $16, old; one, 186 tous, from Wilmington, N. C., to Matanzas, 14 50, gold; a brig trom Wilmington, N. C., to Demo. fara $14, gold; a Hinmburg brig from Wilmmgton, N. C. to Havana, $15 60, gold; a British brig from Wikm: ton, N. C., to Barbados, $14 50, gold; one to South si and back, sugar, .; one from “outh side to New York, 60c.; two brigs to Havana, T5e. per bbi.; three barks to Brid; c. B, and back, coal, $4 75; a bark and three to Cow Bay, C. 1h, and back,’ $4 60; three from Lingan, C. B., York, $4 75; one from Cow Bay, ©. B., to Pro" donee, $4; a'schoover to Philadelphia, logwood, $2; one from ‘Rondout to Salem, coal, $2 40; two to Hoston, corn, 6c. a 8c. ; a brig to Kingston, Jam., and back; a ship'to San Francisco, coal, and a ‘bark to New Orleans, on private terme, joLasems was inactive and nominal, with nothing doing outside of small jobbing parcela, Navat. Strona. —Spirits turpentine was quict at 800, for wholesale lots and 820. for retail parcole. We heard of no particular sales, Of rosin we notice sales of 200 ‘bdIn. at $3 26 a $4 60 for strainedand No.2 Tar was steady at $2 75 a $3 for Washington, and $3 a $3 25 for Wilmington as it rans, Ou... —Of linseed we have no particular sales to but the market was firm, crushers still demanding $1 @ $1 SL in bbls, and caske, eu Cake was moderately active, Pg heard of sales tona city, in bags, at $37 7 5 Provesiowa.—Receipis, 68 than ort, 41 packages cut meats and 100 do. lard." There was leas activity in the pork market, and less firmness was noticeable. The sales ‘wero contined to 5,000 bbls, at $31 62 @ $32 87 for new mons, arian $31 75, cash; $20 60 for old mess, and $26 25 9 $20 60 for prime. Beet was in modurate demand, and prices were unaltered, with sales of 600 bis, at $16 @ $21 60 for new plain mes, and $20 60 a $24 60 for new extra do. Of hams, sales wore made of 60 bbia at $45 @ $45 50, The demand for cut moate was moderate, bat the market coptinued firm. Sales of 250 pk, at 176, a 200. for home, and 13\\¢. a 1646. for shoulders, Bacon continued dull, but prices wore sustained, with eales of 400 boxes at Ife. for long clear, and 17%. for short ribbed. Lard was dul! and lower, with sales of 400 bbla. at 190, a 21 Ke., ne to quality, Butter was steady at 20c. a 830, for West- ern, and 250. a 400. for State, Cheese was dull at $a a Hie. an v0 quality. Perrotecm.—Crode continued quiet at 230, a 23%0., at whioh prices 900 bbia. changed hands. Of bonded, sales Wore mace of 1,200 bbls, at 400, for prime light straw to white, and dlc. for standard white; also 500 bbis, stand- ard white, for Aagust, at dzc., buyer's option. Rice was nominally unchanged in the absence of sales. Svaan—The market was quidt, but prices wore sus- tained, Sales, 45 hhds. Cuba muscovado at from 10c. & 12%6., 60 hhds. Englien Island and 100 boxes Havana on private terme, We quote fair to good refining at 106, & lle, and No, 12 boxes 11ke. allo. Refined pugar was quit, but steady. at 10%0. and A coffee at 0. ( 1 —Recet 70 ‘We only heard of sales tea ipta, 170 bbls, Cuda NEW YORK HERALD, MUNDAY, JULY 9, 1866, MEXICO. RELEASE OF THE CORDOVA COLONISTS. What General Price Thinks of This Country. He Prefers to Go to a More Torrid Region Bather Than Return Home. Activity and Successes of the Liberals. Mexican Opinion of the Future Course of America. NEW VIEW OF THE MONROE DOCTRINE Oar Duty to Expel the French, Regulate the Liberals, and Secure to Mexico a Republican Form of Government. &e. &. & Oar City of Mexico Correspondence. Crry or Mexico, May 19, 1866. RELEASE OF THE CAPTURED AMERICANS. ‘The Americans seized by tho liberals at Omealen and Carlota, near Cordova, have been released and returned home. Itisramored that six of the party are missing, having been captured by a party of guerillas whom the Mberals swear they will hang on sight. The Americans are Incky at being thus releasod, otherwise they would soon have been sent to the State of Guerrero and con- fined in a very unhealthy fortress, whence fow of them would have oscaped alive. The colonists at Omealea, the liberals say, brought all their troubles upon themsalves. In the first place they had no title to the lands npon which they squatted, and refused to enter into any ar- rangement for their purchase. Secondly, they neglected the advice of Maximilian not to interfere or take sides with the quarrels of the country, but professed to he violent imperialists; and, thirdly, the conduct of some of the party was euch that the liberals, in self-defence, ‘were obliged to break up tho colony, some of the men attempt'ng to dispossess old settlers of their homes, and two of the numbor being guilty of a rape upon a mative woman. Their indiscretions have effectually broken up the settlement, and for,the present put a stop to American colonization. ‘This is the more to be re- fretted as parties are now engaged in surveying and plotting out Iand for colonization purposes in the State of San Luis Potosi; and the government offer to rettlers twenty-one thousand acres on the hacienda of Michopa, near Cuernavaca, about seventy miles wost of this city, A good joko is told upon General Price, and the best of it is, it is the trath. Tho General is by no menansa favorite with the liberals, who, if the opportunity offers itself, will give the old Missourian “short shrift and a stout rope.”” This fact Price fulty appreciates; and when he heard that the liberals intended a raid into Carlota, mounted bis horse in hot haste and h’ed him to Cordova, whero he begged the Américans to arm themselves and go to Carlota, excusing himself from going with them upoa the ground that if the liberals canght him they would send him either to hell or the United States, and he would as soon go to one place as the other. ‘ACTIVITY OF THE LIBERALS, ‘The liberals in every quarter are evincing unexamplod activity, and appear to be organizing with some concert of action. Mondez is commanding in Yucatan, but has effected little as yet. During the rainy season he is ex- pected to keep the few foreign troops in that department fully employed, if ho does not even make the country too hot to hold them. Alajandro Gareia, Luis Figaeroa and Porfirio Dias command the troops in the department of Tamaulipas, Vera Cruz and Tabasco. Their forces have Jately received large accessions from the hands dis- charged from the railroad employ near Orizaba and Cor. dova, as well_as from the mountaineers near fan Luis Potosi aud Jalapa, Garcia has taken Tampico, and in- ‘vested Tiacotalpan, a port in Vera Cruz, garrisoned by the French. + In Zacatecas, Nuevo Leon, San'Luis Potost and Guana- Jaato the Hibetals are aroused to the highest degree, and threaten to “ pronounce " without waiting for concert of action in other quarters, This fecling bas been aug- mented by tho recent defeat of Dupin’s Con- traguerrilias and disaffection among the Belgian troops. The garrison at Miahuala, Vehrem, San Luis Potosi and Saltillo having revolted inat the Emperor and pronounced for Juarez, Miahue'a was but a small post, with a weak garrison, whieh, doubtlers, had becn tampered with and inducod to revolt by promises of Pay and immediate discharge. Dopin more than nbadle owes his defeat to treachery, or at least to Fratoeny on the part of his brother French officers, who failed to render him necessary support. Dupin haa re- Gent his command, and will return to France in a fow weeks. PROVUNCIAMENTO AP PACHUCA. About three weoks since the mines at Pachuca, sixty miles trom this city, were closed, the companies’ deter+ mining to suspend operations until matters became more settled, and not being willing to pay the additional taxes which are to be imposed. This threw out of employ a number of operatives, who at once resorted to the national mode of redress, and “pronounced” against the empire. On Saturday, the 9th inst.,a petty chia’ named Nariaga raised « company of eighty men, with which he atacked the diligence from this city, and robbed a Mexican passenger, named Palmer, of $3.090. This extraordinary success enabled him in’ forty-eight hours to add three hundred to his force, and ho at once took the field. But the whole matter was soon squelched. A small body of Austricns were rent to Pachuca, at whose appearance Naringa’s men eeattered in every direction and the valiant pronwnciaments quieted down and be- came good imporinlists, In the state of Jalisco an extensive plot against the Emperor has been discovered and frustrated. A number of leading ltberals were arrested and a large amount of arms and ammunition intended for the revolutionary movement was soized. Others of the conspirators @a- caped, taking refago in the mountains or on the islands in lake Chapala, on the confines of Jalisco and Michoacan. ‘The imperial troops congratulate themselves upon the early discovery of this plot, as from its extensive rami- fications, arms and money at its command, if it had not been defeated at the time it was, would have soon had the State of Jalisco in a blaze of rebellion. Lozado, who ig in coramand of the imperial troops in that depart. ment, has shown great energy and activity in all his Movements, and contends that both Jalisco and Michoa- can enjoy a sreater degree of peace, order and serenity bom 4 has before prevailed in those States for ten yoars past, IMPERIAL BUCORRR IX PUEBLA, A little unimportant vi near Mazatlan, in the Stato of Puebla, is the cause of an immense “blow" on tho part of the imperialists. On the 12th inst, Sergeant Powauth, with sixteen Hungarians and seventy-five Mexicans, of the town of Mazatlan, near Tehuacan, ats tacked the liberals under nel Flores, and routed him, with tho loss of fifty killed and wounded, thirty Prisoners, seventy rifles, and ammunition and hores. ‘The work of reorganizing the imperial army is pro- grossing with great rapidity and apparently much auc- coms, but this may be more apparent than real, for there is no foretelling what a day bring forth in Mexico, Kight battalions of infantry have been organized 1m this city, denominated ‘Cazadores de Mexico,” and it is believed that before the month is ended fourteen battalions will be organized, together with efcht regiments of cavalry Po ry correspondin, force of engineers, artillery, &e. No efforts are spat in the drill and perfection of the native pene ch and they begin to have the bearing and confi¢ence forcizn troops. Their officers have been carefully chosen, ape Sere s little ott the men will give account jemselves, as Mexican troops fight well when perty officered, i lh 1@ imperialists are not to be caught 3 but show that they fully appreciate the sitmation. Tne fort Seations ena Monterey, San Luts Potosi, Pusbla and other ex cities are being repaired and strengthened, And nothing Ioft undone to Tonk (helt positions aecuré: New fortificat ons have been commenced back of Tact« bya and other commanding points around the eapital; ‘Dut so quietly is this being done that fow of out citizens have any knowledge of the fact. Taking thecity of Mexico from without will be a different matter fom what it has ever before been, and many n thousand will bite the dust ere an enemy can enter the city, Treach within may be able to do what a foe from without w! fail to accomplish. ROTH SIDES CONFIDENT, hed Remarkable confidence is expressed in the result both parties. Tho imperialist know their owa oe and resources, and believe themselves to be posted in Tegard to those of the liberals, who, they ssy, cannot ed 4n army in the field nor eusta’n it there without Immense support from the United States—sech a sup- Port, in fact, ns to offectually preclude the pay, of ir obtaining the requisite loans, Two hundred mil- Hons of dollars will be wanted to raise and rusain a libe- Tal army of rofficient force to oppose the imperialists e'ghieon months, and then the army must draw a large pf cap tiies from y country. On the . e Tals build their hopes upon Maximilian’ Giapidated treasury. They contend that be ls measurably without resources, cannot borrow a dollar, and will re- ceive no fowiga ld. Shemement their Pe stone, hie troops—native and foreign—will leave him, is certan. The conclusions of both parti be correct, and the trath is difficult to arrive at in Mexico, upon th orthern_ frontier are assuming p Matters: the no threatening aspect. The French troops mentioned in my last as destined for Durango and Chihuahua will Granvle in gor to oppowe tho math of YoLuntenr frown @ the United States, ‘a8 well as to break up the liberal force important is tho situation deemed that Bazaine starts to-morrow morning to take command of opera- tions in the North in person. It having been reported that the Emperor was desirous o1 @ corps of Americans into his army, a goodly number of ‘‘sons of the South” have flocked into this city in order to obtain commissions, I can learn of of a lower. than captain. eee ie eee ee te cade lade oe eee Colonels and imperial army. ne pies proposed by these patriotic aoricene iptoibe « ine of fast sailing achooners or other craft between ae en. oy ae Teena, and to offer emigrants passage. means thousand, some say one hundred thousand, Southerners can easily be induced to come to Mexico and to fight for the Emperor, This wild scheme meets little favor at the and the ig sei has not yet commissioned a single Southerner, although the pressure against him is “oxponded.s largo. portion vof thelr Their jeatics ox; a fy yearly phos —five hundred thousand Ceitare ia works of charity, donations to schools and benevolent institu- tions, and works of public improvement, The Alameda of this city, one year since, was a disgrace to any coun- try village, being nothing more than a few dilapidated fountains in an ugly, gnarled wood, destitute of a single passenger, ‘The Empress determined to remedy this, and ordered the grounds to be put in complete order, pe, the ex- nses out of her private purse. The fountains hai Peon repaired, the pavements relaid, trees pruned and trimmed, and the entire ground decorated with plants, flowers and trees, until amore lovely sylvan spot can scarce be imagined, Thousands of citizens resort here every morning for health or recreation, and whatwas a few months since carefully avoided has become tho fashionable promenade and morning drive for all classes of Mexicans, The Plaza, which three months since was merely a bare paved square, destitute of ornament, is fast assuming a new aspect, The whole pavement has been taken up, new Walks laid, the spaces between the walks filled with trees, flowers and shrubbery, fountains erected, and in the centre is to be placed a group of cave Tepresenting the lead. ing spirits of the Mexican revolution—all the design and work of Mexican artists. Last week a furious tornado passed over portions of the valley, destroying crops and houses of the poorer classes, The Emperor, in person, visited several of the desolated places, and distributed one thousand dollars among tho unfortunate inhabitants. The Empress sub- sequently sont a donation of five hundred dollars for the the royal household, are engaged upon embroidery, fine needlework, lace making, paintings, &., which they in- tend to dispose of at a public exposition, the proceeds of the sales to be applied to the benefit. of the poor, It is not often that the hands of Queens or Empressos are en- gaged in such noble works, and whatever may be the fato of the Mexican empire the world cannot but ad- mire, the philanthropy that prompts her Majesty to labor with’her own hands in order to alleviate the wants of her subjects, FATAL RATEROAD ACCIDENT. On yesterday afternoon the Moxican public was troated to third class railroad accident, but it was sufficient to cause great commotion in the city and to call forth a de- cree from the Emperor. An engine on the San Angel Ra Iroad, while backing down to hitch on toa train, in this city, struck the cars with great force, smashing’ up one or two cars, killing one passenger and wounding sven others, Such “accidents” are not tolerated in this barbarous country, and accordingly Wm. Lee, the en- gincer, who is supposed to be the person in fanit, was arrested and lodged inet A decree was at once issued by-the Emperor fnstitating an inquiry into the cause of the disaster, and whoever the blame falls upon will be severely punished. Such “accidents” will be of Tare occurrence hereafter in Mexico, where they have h an ugly way of bringing the authors to punishment, DEATH OF A LATR FEDERAL OFFICER, T have to record the death of another American citizen. On tho 18th instant, in this city, Major Van der Groeben died of apoplexy, Major G, agrived in this country in March Iast, and was soon p' by the of: fect of the climate. He recovered sufficiently about four weeks since to make arrangement ts ss ann home, but was takon sick again, his. au jucing oxy. Major Grooben was a native of Hanover, resided. some yeara in the United States. He entered the federal army early in tho late war, and was promoted to the rank of Major, serving with distinction with the army of the Potomac, He was much respected by tho Americans. Crrr or Mexico, Juno 18, 1866, A remarkable unanimity prevails among old resident foreigners m Mexico respecting the propor course of the United States toward this country, in case the Emperor shall be forced to abdicate, and this opinion is fast gain- ing ground with the moderate and more intelligent liberals, Thorough knowledgo of Mexico and the Mexican people has satisfied foreignors of all classes of the impolicy, if not absolute injustice, of surrendering thts government, unqualifiedly, into the hands of the liberal party, to be by them administered in accordance with thelr radical and narrow-minded notions. Unless some restraint shall be imposed upon them, their return to power will be aught but « blessing either to them- selves, the Mexican people or to humanity. The pes- mons and hatred of various classes are aroused against each other, and they bide the time when their ven- geance can be wreaked with impunity. Now they are restrained by a wholesome fear of the law, which has been rigidly enforced the last two years; in the mean time, public and private quarrels are morely smoldering, to burst into full blaze when fanned by the breeze of civil war. The imperial party is ‘wealthy and powerful. They may have beon misled in their political ideas; but thé experience of two years of imperial rule has more than satisfied them with their choice of government, as it gave them two yoars of security and quiet. This party is marked for destruc- tion should Maximilian abdicato—the leaders for indis- criminato slaughter, and their property for confiscation. Surely their case should be entitled to grave considera- tion by that great Power whose conntenance alone re- stores the Mexican republic. Again, the chronic disposition of this people for revo- intion must be guarded against, A largo foreign interest is at stake in this country, which must be protected; and humanity dictates the prevention of unnecessary shedding of blood. Mexico, if not already, must soon be necessary to the rest of the world; her minerals are required in commerce; her pro- ducts are wanted in the arts and manofactares, 7 and the world needs a transit route across Moxican territory from the Atlantic to the Pacific. This country can no longer pursue its old Chinese policy of exclusivent and disregard the interests of the rest of e world. “Her time for development hes com %, and, whether her people be willing or not, the rest of the world will make use of her, Tn order to both foreign interests and the lives and rights of native imperialista, if the form of government be changed, not only must a permanent overnment be established, but it must give assurance of fairness, honesty ard justice. Such a government, it is claimed by foreign residents, can fos Aad set in i an American ite, or by annexation. use ‘of the United States would guflice to quell all surrections, preserve and order, and enforce obedi- ence to laws; but still better for Mexico would it be to extend the wise and benignant statutes of the United States over thi country by absorbing It into the Union, and adding it to the glorious galaxy of States ‘What annexation would have ty the United States has not entered into tho discussion only the interests of hexico have been considered it would, indeed, be remarkable if, to prevent an Indian Insurrection, which 1s feared, interference by the United States became necessary, but sach a circumstance will astonish nobody acquainted with what constitutes the Mexican poorks. Mexico herself ts an anomaly—her soil, productions, ‘and difference of climate have not their counterpart in the world; and the same natural diversities are tound among the Universal suffrage existe here; but in few countrics is the ballot really more restricted. This fact can be appreciated fy Aes an understanding of the component elements of total number of land-owners in this country much exceed 10,000; there is, outside town and cities, 0 middie class; the rek ase very rick, sad the are almost in EY was formerly pT yh fey pt ‘opposition ; inly due the repeated rev phy cy} Presidential elect Mexico, itis lg a pe only one m! = mixed tbreeda’ whe’ are whites by ‘education and y. The remainii io various grades fit, "tke babies and. syle ot seven millions are Indians of whi treaty with those wild sons of the mountain, Sf i ihe best eda- fcendanta the Amiee nobiliy, are among ii ablest of Mexico ore emt Aivaree, Jeare, Mend: n, Mei, and eave ober of the At ef pation - Pt lady of arene orci os roe sbavare ; and ‘Ale same purpose. Her Majesty, together with the ladies of , sense of morality. This people occupy © Valley of Mexico, extending their lines up the Pacifi coast ithe Gulf of ‘california’ and across te vers Crus, ‘the Azteca, in Michoacan, are the a f F i a7 quent source of comment to native writers: the million of white and mixed breeds who live as whites have been go tenacious of as to refuse to listen to all propositions for the relief or advancement of their follow countrymen. Hence no government has taken Proper on — reclaim them, elective franchise—a gift which has even been made the means of ke them in, ignorance and darkness, and which it will ever continue to do so as long as one millton of people have the control over seven millions. Don Francisco Pimentero, one of the most I in Mexico. has recently published a work upon the con- dition of the American Indians, which contains the fol- lowing remarkable passage :— “‘As long as the natives remain in the condition in which they now are, Mexico cannot aspire to the rank of ®nation, properly so ealled. A nation isa reunion of men who profess the same beliefs, are dominated by one and tho some idea and, aim at: the same object. Where Customs, usages, interests and language differ, there can be neither union, force nor country, and a nation com- of different peoples would be in a manner foreign to itsclf. It is net possible long to obey the same ronment and live under the same Jaws if there is not homogeneity among tho inhabitants ofacountry. And what resemblance exists between the whites and the Indians? The former speak Spanish and French; the tattor have more than a hundred different idioms in which to communicates their ideas. The white ig a Catholic, or indifferent to religion; the Indian 18 an idotater. The white man {x a proprietor, the Indian a pauper. The whito man is rich. the Indian poor and miserable. Tho descendants of the Spaniards have within their reach all the knowledge of the age and all its scientific discoveries, of which the Indian is perfectly L oger| The white follows the fashions of Paris, while tho Indian goes about almost naked, The white man lives in cities and in magnificent houses; tho Indian's bome ia in” the fields, and his dwelling a miserable hut. This is the contrast which Mexico presents; and Humboldt was rizht when he said it is the country of inequalities, There are two different peoples upon the game soil, and two peoples, to a certain degree, are enemies. Hence those words which sometimes escape even the least reflective men, ‘the warof races.” Yu- catan has given an example’ of what this war can be; and still more the haciendas of the.north and the de- partments of the frontior. Thoro Indians, though hum. ble and timid, become ferocious towards tho whites, and give quarter to nobody; in the morai as in Sepa 10 this vorable world the reaction is equal to the action. It is war of races would be, as it always has been, fa oo Whites, bat.tt would involve ruin upon the ni It te plain thet with euch an inconzruous people, Supe of religion, language, customs and interests, Mexico can never prosper unless it retain the “one man powor,"’ or bo placed under the protection of some power which will the of the country in check and advance the true intercsts of the majority, It is almost hopeloss to expect such justice at the hands of the small which professes to be the ‘‘ Mexican nation.” Interesting from Matamoros. Gatveston, July 7, 1866, Carvajal in his proclamation assuming command at Matamoros, eays:—I am happy to salute you in peace, The hostile forces kept up by the miserables who sus tained the so-called Mexican Emperor have disbanded, and I admit you tothe maternal bosom of the country of Hidalge. Queen, M. Noras and the other Matamoros merchants wore not imprisoned, but sent back by Escobedo witit the assurance that thelr claims for their captured property would be satisfactorily adjusted. ‘The train at Reynosa was distributed, and Canales had twonty-seven wagons for his share, lanes Torodos teft all the property behind, and escaped beyond shot by Swimming «river: Mojia’ iston left Bagdad on the 26th in two char- tered steamers and three schooners, convoyed by the French war steamer Adonis, The blockade would be raised the same day. All the Catholic clergymen were pat in prison, but released the next day by Carvajal, who agrees in considering them non-combatants. The Union ticket has been elected along the Rio Grande by a two-third vote. ‘The Retreating Imperialists from Mato- moros Taken Of by French War Ships, ae. New Oncaans, Jaly 7, 1866, Bagdad letters say the imperial troops were taken off by French men-of-war. The officers wore their side- arms at Bagdad. ‘Tne itberals were occupying Matamoros and pursuing the specio train to Monterey. There wore groat expecta- tions of tho renewal of trade with Northern Mexico, as the wholo country was opened. General Basal: ‘s Commercial Speeu- tions. Wasntxatox, July 8, 1866, Letters received here from Vera Cruz, under date of the 25th of June, {from a well informed commercial house, state as follows: — There are many here who believe that the French expedition will not be withdrawn as announced, for the reason that General Bazaine, who is protecting certain commercial houses who are importing goods in hix name without pa: t of duties (he being interested therein), is using his influence to delay the departure of the troops, It’ appears certain, however, that arrangements have been made with the Transatlantic Company for the iy! the forces, = te the ~y purpose is shortly expoet The late measures of the imperial government are ex, tromely severe upon the commerce of this port, which now has to bear the burden of all the importa, and bat little commerce is being carried on at any other piace. Unless some — soon takes place commeree here will be entirely rained, for it is impossible to bear ditional that tantly being imposed. are latest tax m in the shape of mercial house to pay from one to three thon- rand per um for the privilege of doing busi- ners. All who can do so are closing up their affairs and withdrawing from trade, joense, which obliges: iitame, uty 10, 1800; nm i brevet heron” eon roa cee et MISCELLANEOUS. to delay re to jedical tor tee the Perm’ Piatto for days has been granted twenty da iL Philip ©. Davia, "Ansistant Surgeon United States Army. Assistant Sv PrP PORTO RICO. HOW IT COMPARES WITH CUBA. RAPID DISAPPEARANCE OF SLAVERY. The Amalgamation of Races in the ‘West India Islands. COMMERCE OF PORTO RICO. The Sugar and Coffee Crops Ex- cessively Short. e Proposition to Abolish Custom Houses in the Island, &. &. ae. Our Muyagaez (P. R.) Correspondence, Maraaves, P. R., May 24, 1868, * ‘TRE ISLAND AND PROFLE OF PORTO RICO. 1 do not know by what law it happens thet the more barren # country and the less e- monerative it promises to prove, the more highly cultivated it becomes. This is observable im all the colonies, Barbados, for instance, is one of the smallest and least fertile; coneequently (I think the word well applied) there is not » square inch left « uncultivated. Jamaica and Trinidad are the largest and finest in every respoct; yet the former is rapidly going to bush, while of the latter not a third is under cultiva- tion; and, at the same time, Barbados has much more population than either in proportion, Barbados is not the only case, At a short distance from St. Thomas liew the island of Santa Cruz, or St, Croix, not as fertile nat- urally as many of her sisters farther south, but whieh the industry of man has converted into a garden—im fact a little paradise. Now, in the case of this tslind ef Porto Rico, every one knows that itis much smaller, much poorer and Jess fertile than the island of Cuba, yet there isa difference observable suMstent to exemplify the curious law in question, There is more industry here than in Cuba; there is less waste land; there is @ larger population, and what 1s more remarkable, there ts ‘a tone in the population which lifts tt above that of her richer and more luxurious as well as more luxuriant ai ‘THE OTEF TOWNS. Porhaps the least worthy of notice of all the towns is the capital, San Juan, or St. Jobns, as it is generally called in our language. While, on the other hand, the moss worthy of a visit is this town of Mayaguez, on account of its trade, its appearance and the picturesque count around it. San Juan resembles Havana in its badly built, uncomfortable houses and narrow streets, steep and iil-paved, Mayaguez more nearly resembles town in tho interior of New York or Now Jersey. The streets aro wide nid in tolerably good order considering that it is a town in a Spanish colony. PORTO RICO COMPARED WITH CUBA, There is a marked difference between the people of this. island and the Cubana. The former are very industrious; there is a greater diffusion of aot least elomentary educa- tion; that is, there are more who know how te read and write in Porto Rico than in Cuba; and better still, you can travel on foot from one end of Porto Rico to the other with a bag of doubloons on your shoulder, by night as well as by day, and no one will molest you. The great crimes which stain the more flourishing communt- tles of this wicked world are atmost unknown. The lice ara few in number and have little to do. In the H 33 Be bet tere ] or iil, the dew ty and I therefore - cried a8 presenting In many res) a pect for the future than thelr a ‘of the. Cari sea—happier, undoubtedly, socially and politically. hy she Mae rtal ‘Horep poe why should certain European difference to mixing with and, as it were, becoming identified with an inferior race, whilo others are incurably and unalteralty opposed to it. Tho Ger te this latter class. It H s i in the vanguard view this thing of practical amalgamation with intense repugnance. The Latin races are more pliant and com vertible, The qualities which have, and siways must prevent them from governing themselves, in the Ameri can sense, are precisely those characteriatics which enable them to submit with grace to the condition of things of which we are speaki ‘The Anglo--axon is more de- cided in his ideas, and more steadfast in adhering te them. Once let a contempt or hatred take possession of his mind, and farewell to all chances of compromise. Now, in regard to the the Anglo-Saxon, while indulg- ing himself in certain charitable ways tor ‘the “man ‘and brother,” has, nevertheless, made up mind thag Quashee is an inferior being. This is simply contempt; but itis enough. It makes a gulf. If circumstances arine, as I have seen in Jamaica, to deepen this contempt or tinge it with fear, then it bocomes @ deadly hatred, which our Anglo-Saxon never parts with. + THR TRADE, SUGAR AND COFYEN CROPS OF PORTO RICO. The sugar and coffee crops this year will bo shi From the best sources of information I learn that neither ‘will amount to more than half the usual avernge. This might have been expected of the ny 4 = which ia never large two successive years, fluctuating pretty much as do the peaches in the United States; but immense falling off in sugar is a calamity, which this year visits, I believe, Porto Kieo alone; for, as far as ‘could ascertain, the engar erop in all the other from Cube to Trinidad, will be TS large. Contrary to my expectation, I find there are very fow ling In this island, Here in Mayaguez, whore I certainly expected to find some, I find jigs boy, there is @ consderabie trade carried on here w! the United States. On the way here the steamer touched at San Carlos de Agua/ilia, commonly called ‘“‘Aguadila,”® little + port from whene? considera ble quantiti. sugar coffee are sti is in which found but one vessel, was ae to feign trade ‘nat ‘winter, but has lately been reopened. PROPOSITION TO MAKE THR PORTS OF THRISLAND FRER | * wapapers here and at the capital are abolish custom houses , ‘tust strike anyone who reads this (bat there is some- thing strange in ihe Intendent’s making so excellent @ ition to the merchanta, who, it would be pend oe Fadl’ sg oe ey Se ae requires explanation. In the first place, to Se nlchaceteel on Oncaea from By we eb the part of the nvendent, thowgh the idea ovourred to him from seeing what a port oir bas done for St. Thomas, and how ernment is benefited by a: liberal colonies. The Intendent evidently ee ee recoil ve unfavorably, Ono the this town is ort On the other hand, fin