It will be remembered that Cortez, soon after he landed in Mexico, sent to Charles V. specimens of native cotton fabrics, so that probably cotton was not only grown but manufactured here as early as in any other country. The historians tell us that the Aztecs made as large and as delicate webs as those of Holland. Besides working in textile fabrics, this ancient people wrought metals, hewed stone, and manufactured pottery of delicate forms and artistic finish. The misfortune of one country is the gain of another. The paucity of fuel wherewith to obtain steam power, and the lack of rivers capable of giving water power, must always prevent Mexico from being a competing country, as to manufactures, with the United States, where these essentials abound. She has, however, only to turn her attention to the export of fruits, and other products which are indigenous to her sunny land, to acquire ample means wherewith to purchase from this country whatever she may desire in the line of luxuries or necessities. That a portion of Mexico is utterly sterile and unavailable is just as much a fact as that we have such regions in the western part of the United States. There are large sections here which suffer from annual droughts, but which might be redeemed by irrigation, the facilities for which in most cases are near enough at hand, only requiring to be properly engineered. It is not correct to paint everything of rose-color in the republic; it has its serious drawbacks, like all other lands under the sun. The want of water is the prevailing trouble, but, like Australia, this country has enough of the precious liquid if properly conserved and adapted. The Rio Grande produces more water in a twelvemonth than the great Murray River of Australia, which is flooded at certain seasons and is a "dry run" at others. As we have intimated, the absence of available wood and coal will prevent the growth of manufactures in Mexico, at least, until the coal deposits are opened up by railroads. The coal measures are not yet fully surveyed, or developed, but sufficient has been shown to demonstrate their great extent and valuable qualities. When these coal deposits shall be brought by means of railroads, already projected or in course of construction, within the reach of the business centres, and deliverable to consumers at reasonable prices, a great impetus to manufactures will be realized through this article of prime necessity. A company has lately been formed in England to explore and develop these coal fields, for which purpose a liberal concession has been obtained from the Mexican government. This is only one more evidence of the fact that foreign capital and foreign enterprise are flowing towards the country. It will be observed also that these new companies are mostly English; some are German; but there are comparatively few Americans engaged in these enterprises. We have seen it in print that Mexico was fast becoming