Foreign News

Mexico. - The most important item of news m the report that Mexico hns mortgaged the Californias to Kngland for a fresh loan, some sny to the amount of $7,000,000. The rumor is thought to be.not improbable. The country is represented to be the finest in North America, Iinving a ertilc soil and salubiious climaie. The Pacific shore ie indented with quite n number bays and seaportSj some of which furnisb the best anchorage in the world. The territory extends through many degrees of Iatitude having a sencoast of a thousand miles, counting botli shores of the península, and running farinto the interior, where the boundariefi have never been accurately defined. The orea oi the twi Californias is snid to be fully equal in extent to the 26 States of the Union. At present the región can be, of little valué t0 México. It is very remote from the seat ot Goernment. and being thinly nhabite 1 by a peoplö poor, destituto, nnd without enterprise, cao yild little or no reverme to pay for keeping tip th