The Express.
London, England, 1850-06-06 00:00:00

MONEY MARKET.

WIDXIIIIDLY EV11,170.
Many proofs have of late come under our attention
of
tbefressfettfoprogreatupon
the; hciezedtinLytthe.
whgrice:thprias
always
ipalyess
been looked upon an the stronghold of the protective
mites; sad not the leant encouraging of theirs signs
is the adhesion which has already been given to the '
cause by several of the most ably-conducted
andinfluential journals of France, Belgium,
and Holland. Of the ultimate success of
these principles upon the Continent, borne out as
they are by the beneficial results that have attended
thaw seipptiott in this country, and backed by the
ellvocacy of an intelligent prole, there san now ha
doubt, the free discussion of its tendencies and opera-
tion being ea great an auxiliary to free trade as it is
inimical to the antagonistic system. As an instance
of the restrictive effect of the system at present in faros
in France, is quoted the cue of the manufacturers of
cotton good., who feel greatly the hardship to which
they are subjected in being compelled to draw their
supplies of the raw material from the Havre market,
when, as frequently happens, they could supply their
wants at a much cheaper rate at Liverpool; and the
cue is precisely similar with the linen manufacturers
of Belgium. " Why," asks the Journal des Debuts,
" should the French manufacturers be prevented from
purchasing their supplies of foreign produce wherever
they can obtain them at the cheapest rate, whether it
be in London, Liverpool, or Bristol?" The same
journal states, as another instance of the happy con-
sequences attendant upon the so-called protective
system, that several French vessels were, at the
departure of the last amounts, under embargo
at San Francisco, in consequence of having, in
the course of their long voyage, put in at rime
of the intermediate ports, such as Rio Janeiro, the
River Plate, Valparaiso, or Callao, this very natural
proceeding being an infraction of the treaty of 11.22.
The Artemis Precurseur, in drawing attention to the
eardship of this case, expresses, in accordance with
the influential Paris journal, it. conviction that the
time is passed for these absurd complications of mari-
time law, which whilst professing to afford encou-
ragement to the shipping interests of the country, have
had more hand in inducing their decay than any other
influ- nee ; and it declares emphatically that the aban-
donment of the princip!e by one great nation mut
eventually involve its renunciation by all the other
maritime powers of the earth.
The advice. from the City of Mexico eel the
United States, extend to the 20th April, at which
date Congress was busily engaged with financial
affairs. A tax of 30,000 dollars, imposed on the
commerce of the capital, bad excited great discontent
and energetic protests. The senate, however, had
not Set sanctioned the law. The tax of 5 per cent.
on foreign merchandsze is maintained, and that
on foreign liquors is increased to 10 per cent., whilst
rigorous measures had been adopted with a view to
prevent smuggling and insure the due collection of
the revenue. A company of influential and compe-
tent capitalist., Mexican and English, amongst whom
are the well-known names, J. N. Almonte, H. E.
Vi•mond, and J. A. Sharer, have contracted with the
Mexican government to build a railroad from
Vera Cruz to the city of Mexico, and
from thence to such point on the Pacific
as they may determine. To secure the build-
ing of the road, which is to be prosecuted with de-
spatch, the government has granted extraordinary
privileges. It concedes to them the exclusive and
perpetual right for a railroad between Vera Cruz,
Mexico, and any point on the Pacific, grants perpetual
exemption from duties upon all materials, coal, Arc.,
used by the company, and admits all vessels belong-
ing to the company free from tonnage aid port
charges. All public domain through which the road
passes is given free, the usual space for good tracks
being allowed. Land is also given free for depots,
station houses, 8:c. Private lands are to be taken
possession of for the purposes of the road,
and where satisfactory terms cannot be made
with the owners the value is to be settled
by arbitration. The company bind themselves
to commence the work within three years
from January, 1850, to have 90 miles between Vera
Cruz and Mexico completed within five years from
that date, to have it completed between those places
within ten year., and to have the whole line between
the two oceans in operation within twenty years.
The company are to establish their own rates for
transportation of passengers and freight for the pe-
riod of five years after the entire road is in operation.
Government trooper and materiel of war are to be
carried at half the public rates, and the public mails
are to be carried free. All persons employed by the
company are to be free from tax of every descrip-
tion, also from civil and military duty. The company
is to have preference over all individuals in bidding
for the construction of any branch lines.
These exceedingly liberal term, show how desirous
the Mexican government is to secure a highway be-
, tween the oceans, and such terms as it has granted
ouAlit to ensure the completion of the road within
the time specified in the contract. It will possess the
advantage over the Panama and Nicaragua routes, of
cutting short some thousand miles, and if carried out
will no doubt prove a powerful rival to those routes.
To add to the importance of the railroad, a Mexican
line of steamers re already projected between Vera
Cruz and New York :

A correspondent furnishes the following useful in-
formation respecting sums of the most important
mines of Mezioo :

The eeletwated mining district of Guanajuato has yielded
more during the past year than at any other time. There
had been coined, up to December last, upward. of twelve
millions in silver, and abort 700,00 dollars in gold. The
mines yield from 9 to 16 per cent. of gold. They are managed
by an Anglo-Mexican Company. Most of the mines are owned
by parties who 'ell out the ores to speculators, who buy up
end sell ..ut swain ; some making • good profit, end others
barely saving themselves. The annual receipts at the mine
of Sint' Lucie have been 2,400,000 dollars from the sale of
ores. It is owned mainly by the Goitoy family, and each
party, fur some length of time, averaged 12,400 dollars per
month as It. 'hero of the profits. Toe next in importance
is the celebrated La Lux Mine, owned by several eompaniti,
hut lately under litigation, wherein Mr. Mackintosh claimed
the whole. The difficulties growing out of this claim formed
the groundwork of the run upon the house of Manning and
Mackintosh. This house, however, was far too strong to he
shaken in this manner, and a slight temporary embarrass-
ment was the only coosequenee.