No. 475.
Mr. Morgan to Mr. Blaine.

No. 268.]

Sir: The Nacional, a newspaper published in this city, is a semi-official journal. It is said to be owned by a nephew of the secretary of Hacienda. Referring you to my dispatches No. 254, August 13, and No. 258, August 24, I call your attention to the inclosed article taken from the above-named paper of the 25th instant, and to the translation of that portion thereof which I have deemed worth your consideration. I do this in support of the statements contained in my dispatch No. 254 regarding the jealousy which is felt here against the employment of American capital, and the fears which are entertained of American influence.

I am, &c.,

P. H. MORGAN.
[Inclosure in No. 268.—Translation of extract from El Nacional, of August 25, 1881.]

Weak and scanty will be all praise that may be addressed to the executive for this concession. First of all we applaud the protection that is given to European capital, which is the one we require and which will be most efficacious to arrest the influence of the American element. We have been calling for a long time for this protection, the only one that can save us from the serious complications that threaten us. Under the shade of the bank European capitalists will come to our country and most useful enterprise will be established. Our commercial equilibrium, threatened by the barefaced invasion of some most dangerous jobbers, will thus be re-established with solidity. European interests will come and be in consequence the salvation of our nationality. The more there are nations interested in our independence and our prosperity, the better shall we be able to tread with sure steps in the easy path of progress.