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Mexican complications.

--A late letter from Matamoras, alluding to the Mexican complications, says:

‘ It seems, from the te of private letters received in this city from Mexico, that the Government became thoroughly straightened for money about the 12th ult., and that in order to meet the emergency, and in order to provide some manner of revenue to subsist the troops, the Congress passed a law suspending the payment of all interest on foreign debts, and stopping the liquidation of all claims held by creditors against the State.

The effect of this measure was to incense the English, French, and Spanish Ministers to that degree that they instantly demanded their passports, and at last accounts were about leaving the country. You will recollect that solemn stipulations were made with the English holders of Mexican paper, that a certain per centage of the Custom-House revenues should be regularly set apart for the payment of English claims, and for a considerable time this pittance has been paid over. But the stolidity of foreign Governments in resenting grave offences by Mexico, has incited her to greater criminality, until now it is imperative that something should be done.

My principal apprehension is that the present complication may lead to the establishment of a monarchical form of government in Mexico, supported by foreign bayonets.--The scheme is popular in Europe, and it would prove acceptable to the many Mexicans throughout the country. The result of such a step would be to create a Canada on your Western border, which, I take it, you do not desire. It therefore becomes incumbent on the Southern Confederacy to act promptly in this matter, and she can do it with the fullest measure of justification.

Col. Pickett, formerly United States Consul at Vera Cruz, but now agent of the Southern Confederacy in Mexico, has arrived in Mexico. He is very popular with the liberal party, and if anybody can check-mate Mr. Corwin, he is the man. The Mexican papers do not seem to think he will be received immediately, as the Government, they say, is disposed to wait on the greater power of Europe. However, he has already obtained the entree into official circles, and will do good service to our cause.

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