The intention to coerce Mexico into decency has been demi-
officially announced. England, France, and Spain have entered into a convention to compel Mexico to place her customs revenue in the hands of the consuls. Fifty per cent. will then be retained to pay
the debts owing to the three Powers, and fifty per cent. passed over to the Mexican authorities. Mexico, at the same time, will give valid security for the protection of foreigners. If Juarez submits and maintains order, the blockade will be raised; if not, the allied Powers will march upon the capital, and set up a civilized Government. The American President has consented to this pro- gramme, Americans being large sufferers in the recent atrocities. The fleet employed will be the regular North American squadrons, aided by a Spanish squadron with troops on board. The amount of resistance to be encountered depends, we imagine, upon Juarez maintaining himself until the fleet arrives, which will be towards the end of November. We may remark, en passant, that the invasion ought to affect the supply of cotton in some degree. Tampico is near enough to Texas to admit of the export of the crop from that large State ; and though such export is as legal now as it will be then, the presence of the fleet will greatly encourage speculators.
