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"Now, by St. Paul, the work Goes Bravely On!"

--France has taken possession of the Isthmus of Tehuantepec posing a force at the town of Manatitlan, which is situated near the mouth of the near Coatzacoalcos which enters the half near the southeastern boundary of the Mexican State of Vera Cruz. This river is on the line of the Tehuantepec route from the Gulf to the Pacific; a route which has many advantages and has attracted much attention in the politico-commercial world. So, Louis Napoleon is in time with his measures is control it and to do what can be done with it Some years ago a company of United States speculators obtained from the beggarly Government of Mexico some kind of grant, for a trifling consideration, for right of way by this isthmus. Louis Napoleon will brush them away like cobwebs. He is determined not to have implements in the way of plans touching Mexico, at least from the Yankees.

In further pursuance of his policy of the important positions on the Gulf, he is also about to throw a proper force into Tampico, the second largest seaport of Mexico. Having already occupied Vera Cruz and Matamoras, he leaves no commercial or military point of importance on the Gulf unoccupied, and we shall soon hear that those of the --Mazatlan. Acapulco, San Blas, etc — have not been overlooked. Maximilian will find his house pretty well in order by the time he arrives; but it is not improbable that he will find some roubles already matured to his hand in his relations with the Yankee Government. But the Emperor of France will settle them for him, and in that way the more effectually perpetuate his office of friend and protector of the Mexican Empue deriving in turn such consideration, political and commercial, as will amply compensate him.

Indeed, the work of France in Mexico is going on as well as we could desire, and, we may well infer, as much to the of Lincoln and his Yankees is to our satisfaction. We shall probably soon hear some grumbling at Washington — some ominous mutterings of a storm that is to come — but it may not be allowed to break forth uncontrolled. The Yankee Government may complain and threaten; but they have frequently declared through their organs that they cannot afford to have open rupture and war with any other power until they ship us. After that they will resent in insults and punish encroachments. They will bottle their resentment for the present. But it is not clear that they will be able, with all their cunning, to keep out of trouble, so beset are they on all sides with delicate and complicated for relations. The South means to be free whether the Yankees quarrel with other powers or not; but it would certainly not be to our regret that they should be forced into a war with some one else white we are fighting them.

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