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174
THE NORTH AMERICAN REVIEW.

vice of Señor Deodoro da Fonseca; and then the first president of the Brazilian republic, to give back to him the insignia of rear--
admiral, which he received for serving the republic, and which, on the 7th of December, he offered to wear in the service of the Prince of Gram Pará.

The part taken by Señor Saldanha da Gama in the naval re-
volt brings with it at least the advantage of putting an end to the system under which any ambitious leader arrogates to himself the right to speak in the name of the nation, and of disclosing the plans of monarchical restoration which have been until now a cloud on the republican horizon.

From the fratricidal strife which is now going on, the new in-
stitutions must come forth victorious, for the reason that in spite of all the difficulties incident to the reorganization of the country under the new form of government, despite the errors of the re-
publican administration and the campaign of slander waged against it abroad by Brazilians unworthy of the name, Brazil has made within the last four years a progress unexampled in the time of the monarchy. The revenues of the state, which in 1888 amounted to about $72,000,000, are estimated for the present year at $116,761,000. The immigration, which in 1888 reached 131,745, rose to 218,930 in 1891. The States, relieved of the yoke of centralization, have in four years doubled their production, and have in almost all cases an annual surplus, a thing unknown dur-
ing the empire, and which now enables them to effect their local improvements on their own account. New interests have arisen, with new men to direct them, and these cannot be dispossessed with-
out the employment of a force far greater than that possessed by the naval revolt.

The interest of foreign nations, which in our times is directed rather to the conquest of new markets for their products than to rebuilding thrones for unemployed princes, lies in the re-establish-
ment of peace in the great South American republic. In the unlikely hypothesis of the victory of the restorationists in Brazil, peace would be impossible because the re-establishment of the monarchy would be but the beginning of a civil war of indefinite length, which could only end like the Napoleonic adventure in Mexico : with one querataro more and one emperor less.

Salvador de Mendonça.