The Express.
London, England, 1852-07-27 00:00:00

US 133

MI I

111 6
h

Ml.
31

The committee of Mexican bondholders have a letter,
via United States, from Mr. Falccnnet, dated Mexico, the
18th alt , announcing that he had on that day forwarded
to Vera Crux, hy a special conductor, under an efficient
escort, the 2,500,050 dollars received (or the Mexican as-
signment on the United States, with orders to ship this
money to Messrs. Baring, Brothers, and Co., by the first
steamer of the ltosal Mail Company leaving that port,
which would be in the beginning of this month.
The intelligence conveyed in this despatch was
published in the Express of Thursday last. The
news received from Mexico by way of New York
fully confirms that given by as, as it appears that
the threatened coup deed, which has been so much
canvassed in this country, has not been carried into
effect. The official journal of Mexico, in a commu-
nicated article from the President, has declared that
there is no foundation for the report, and states that
the government have decided to sennain faithful to
their oath, and to perish with the institutions of the
country, if such is to be their destiny. The food
pronuuciamento at Vera Cruz has also terminated in
a peaceable manner, the principal functionaries
of the port having determined to bring to
a successful issue the measures adopted by the
municipality for the introduction of foreign corn. It
is stated that the government has finally, decided to
convoke an extraordinary session of the Federal
Congress, when a programme will be presented by
the ministry tending to bring about a general recon-
ciliation of parties, and to improve the position of the
country politically and financially. The 2,500,000
dollars of the indemnity money will doubtless reach
our shores by the steamer due on the Ist August.
At a meeting of the Spanish Bondholders' Com-
mittee, summoned last Thursday in consequence of
Lord Howden being in town, a special address was
agreed to, expressive of the high sense entertained
by the bondholders of his lordship's services in the
late negotiations with the Spanish government. The
committee at the same time desired to know whether
it would be agreeable to his lordship to receive a de-
putation from them to express verbally theirgratitude,
and also to request that, if opportunity should offer,
he would further aid any endeavours which may be
made to obtain a recognition of the certificates
issued by the various committees fur the portion of
arrears of dividend not funded by the Spanish
government. His lordship's very handsome reply
will be found below, and will be read with gratifica-
tion by the bondholders. It is satisfactory to see
that the committee are by no means disposed to
sibs in the confiscation of the half of the armor
eoapons, as provided by the late shameful convention,
but that they are determined to keep the question
alive till the government of Spain is shamed into
some arrangement more in consonance with principles
of justice :
Hereford-street, July 25, 1852.
S'r,—Having come to-day carnally to London, I had the
honour of finding year most kind letter. The circumstance
of my not having been in town will excuse me for not
having instantly answered it.
I feel greatly flattered and exceedingly pleased at the
expressions of regard contained in the communication which
lam now answering, but I also feel that any exertions I
have been happy enough to snake in the cause of the bond-
holders have been greatly overpaid by their kindness already
manifested to me in various ways and on different occasions.
I therefor* gratefully and respectfully decline giving any
gentleman the trouble of waiting upon me, though, at the
muse time, I am glad to avail mysaf of this opportunity
to bind myself to a continuance of every endeavour
that it shall ever be in my province to make in favour of
the much ill-used body of Spanish bondholders, and they
may 'depend upon me, at all times, as their willing and
anxious supporter.
Allow me to thank you, sir, with whom I have had so
much correspondence personally, for the courtesy I have
always met at your hands, and to subscribe myself, with
great truth and regard, your very faithful servant,
J. Collett, Esq., &c. Howearr.
Amongst the passengers by the Africa, which has
just arrived, is Mr. J. J. M'Cahen, Commissioner of
Loans for the State of Pennsylvania, who is charged
with the conversion of the present state debt of
Pennsylvania, falling due yearly front 1853 to 1870,
into a thirty-five year four per cent. coupon stock,
free from taxation. The present debt averages 4i per
cent. interest, and is registered in Pennsylvania
alone, where the interest is collected. It will thus
be seen that this state has shrewdly determined,
Iwith a view to obtaining an increased circulation of
its securities on the continent, to meet the general
wish on this aide, by forming one large coupon
stock. There can be no doubt that by
thus taking advantage of the present ease
of the money markets of London and the
continent, • considerable pecuniary advantage will
result to the state. Mr. M'Cahen is also de-
puted to receive proposals for the 5,000,000 dollars
five per cent stock, to be awarded in September, to
the appearance of which in this market we drew
attention some time ago, and the proceeds of which
are to be in part appropriated to the payment of..
state loans now due.

Much attention is now directed to the course of
monetary and commercial affairs in the United States
under the stimulus imparted by the Californian gold
influx, and tho following analysis of the leading
items in the statements of seventeen banks in the
city of New York will consequently be acceptable.