The Sun.
London, England, 1824-11-18 00:00:00

AIEXICO.

Letters were received yesterday from Mexico,
dated Sept. 18, and from Jalapa of the 21st of
that mouth. The chief event they communicate
is the election of General Victoria to be Presi.;
dent of Mexico. All the letters do not assert
this to have boen actually the case, but 'those
who do not, consider:the deciSion as certain to be
in his favour. It is affirmed_thatGeneral Bravo,
who was a candidattfor the same office, bus con-
sented to serve under General Victoria, by ac-
cepting that of Vice-President. Three of the
Ministers—Alaman, for Foreign Affairs; Llave,
of Justice ; and Teran, for war—were expected
to resign in cousequeuce of the 'election of Vic-
toria to the Presidency. The event has caused
considerable alarm among the old resident Spa-
niards, who wereiipprehensive, on account of the
violent attachment of Victoria to the independent
cause, that they would be treated with great se.
verity, and perhaps expelled the country. One
of.. the letters has enclosed the contract for the
new loan to the Mexican Government, as pub-
lished in the Gazette, of which we have subjoined
a translation. Strum alteration, of little import 4
ance except to the parties•conterned, has taken
place between the agent of the house which' con-
tracted for .the first, and the Mexican Govern-
ment. - As soon as the bat contract was duly
signed and ratifted,,this gentleman sent to Esteva
the Minister or Finance, stating; that as no ab-
solute engagement -had been. entered into by his,
house to pay the bills of the Government, they
would neither accept nor pay any of those drawn
by Esteveor by his predecessor Arrillaga. In
this communication to Esteva, the agent referred
to is said to have anhnadverted with some aspe-
, rity on the conduct of the Executive in having
published a secret article of the new contract, in
which his principals were not treated ,with the
deference he thought.due to them, and to have
thence deduced a justification of his own pro-
ceeding. He even threatened to make public a
notice to the merchants against negotiating the
bills drawn upon his house. The Exectitive were
apprised of the whole,affair through the Finance
Minister, and gave him instructions to prohibit
the agent from carrying his threat into effect.—
The agent, however,- persisted iu his resolution,
and after having met with a refusal from the
other papers, procured the insertion of the no-
tice in the ilguila Mexicana, but without his sig.
nature. The notice alluded to will be found
among the extracts from the Papers. This pro.
ceediug provoked so highly the indignation of the
Government, that. they introduced a new and se-
cret article into the new contract, under which
they authorized the contractors, should the con-
duct of the agent for the first loan proved to be
sanctioned by his employers in this country, to
claim all- the money remaining in their hands be-
longing to the Mexican Government. The affair
seems to be of little 'importance, since any indis.
cretion of which the agents may have been
guilty, will be easily corrected by their princi-
pals in. London ; but as the affair has caused
much discussion among the city circles, we have
thought it right to state such particulars of it as
have come to our knots ledge. •

(From the Aprila Mexicana of Sept. 14.)
MINISTRY OF FINANCE.
The Supreme Executivit Powet has entered into a contract
with Messrs. Robert Manniag and William S. Marshall, agents
of Barclay, Herring, Richardion, and Co., of London, for a
second loan on the account and for the benefit of this Republic,
upon the terms stated in the following document, which is here
inserted for the information of the public :
" The Supreme Executive Power of the United Mexican
States, which at present consists of the Excellent Senores Don
Nicholas Bravo, Don Vincente Guerrero, and Don Miguel
Dominguez, to all those who may see these presents be
.it
known :—That being authorized, as we were, by the decree of
the Supreme Constituent Congress of the 27th of August, 1823,
to contract a loan of 20 millions of dollars for the service of
this Republic ; and it being advantageous to the better and
more prompt re-establishment of the important revenue of
tobacco, to the most convenient and useful adjustment of the.
new financial system of the federation, and to the improvement
of the national credit, by the payment of its most preferable
creditors, that a second loan should be neigociated, limited to
3,200,00/. sterling, or 18,000,000 of dollars, and under the
precise condition of employing the fourth part thereof in the
redemption of the obligations contracted for in London by
Don I! rancisco de Borga igonni, agent of this Republic ;we
have determined to grant, as we hereby do grant, under special
and sufficient powers, all the authority which may be necea-
aary for the house of Barclay, Herring, Richardson, anti Co.
of London, in consideration of the important services which
they have performed for this Government, to carry into effect,
in virtue of the aforesaid authority, and of the present general
obligation, the before-mentioned loan in that city, on account
and for the benefit of those states, under the following bases
and conditions :

" 1. Special obligations or bons shall be issued for the above
sum, which shall be drawn up and printed in the usual form,
and with the usual precautions, according to the amounts and
Circumstances hereafter specified :
" Witit the Initial C, 10,000 special bons of MI.,
which will make 42,400,000
" With the initial D, 8,000 of 1001. - . 800,000
.

X 3,200,000
" These obligations 'shall be signed by the Minister Pleni,
Minister
of this Republic, or whoever may ailiCiate for him as
Minister to the British Government, and by the house of Bar-
clay, Herring, Richardson, and Co., and shall be payable to
the bearer, with the interest of 6 per cent., whichshall com-
mence from the beginning of the quarter in which they are put
into circulation.

" 2. The said 2,400,000 special obligations must be signed
and ready by the 7th of February of next year, 1825, at the
,sts;haalnldprtoliceeehdoutose osfellßtarheclbaayn,iellaetrrthineg,mßositchadardsovantnag,
eaonuds
Claote.
price, in one, two, or more periods, preceded with suitable ad-
vertisements
the time ibnemthe sp,naenwdwallithers, and acting in concert with the
Minister Plenipotentiary of this Republic or his representative
public;for but the absence or fai'ltuhree
nisters shall not impede this Operation, nor' prevent it from
(:,,: or i iosnuel loci col, ehrearl
ooff,
titl lei
si se
31 iiei
..-
li a v i n g precisely the same effect ' stipulated for, and for which
the contracting house is bound by ihe contract.
u nii 13. t.hte'ittb.tyurttithouspaaritiddiptioeuon:s sterling of 'the produce of this
loan arc each month, destined; reckoning from the day on which
" 4. There shall be app
the first sale it made,•to redeem the obligations of the first loan,
eitn3opot,looo:ol.fstltleisrllionagn,
be paid off.
must constantly fall in after the
the annual sum of 32,0001. sterling ; and moreover the sur-
pluses resulting from the total amount of the interests, which
ropriaattnecolutontitiniegretdo
dividends; by the reduction of this gradual and successive ex.,
payment of the cerresppnding
tinction, and purchasing with the sum total to which the same
may amount, special vales or bons at the current price, on ac-
count of this Republic, and under the management of the said
contracting house. This operation shall commence at the end
of six months from the date of the first sale, and shall be
continued every half-year until the redemption be completed.
Should the price of thispaper in the market at any time ex.
ceed its nominal value,
_independently of the interest due in the
current quarter, 'this Government a hall not on that account
be bound to pay more than what the bons represent ; and
in this case tie contracting house shall proceed to concert
with the agents of this Republic in London, to cast lots for the
bons in circulation, and shall publish in the London Gazette
the numbers which are to he paid off by the appropriated fund
at the end of the half-year or half-years, in which this opera.
tion of redemption at par is to be repeated, paying in effect the
bons on their presentation with the interest for the current quar-
ter at the time of the notification, but not the future quarters,
which cease from the time of the reduction. The bons, which
shalt he redeemed in the , presence of a Notary-public, of

• Meares Barclay, Herring, Richardson, and Co., anti of the
Minister and Consul-General of this Republic residing in Lon-
don shall be cancelled and deposited in the Bank of England, and
their respective numbers shall be published as they are paid off
and cancelled during every half-year; at the termination of
which, the whole and the present general obligation, shall be
delivered over to the disposal of this Government; and finally,
if at the end of 30 years, reckoning from the date of the first
sale, there shall still remain any bons in existence, they shall
be redeemed and paid off in order that the whole transaction
may be concluded.
" 5. To carry into due and full effect, the redemption as well
as the payment of the interests in the manner intended, the
Supreme Executive Power, in the exercise of the authority
given by the Sovereign Constituent Congress, specially appro-
priates and mortgages for the present, the third part of the pro-
duce of all the maritime customs of the Mexican Federation,
which amount to more than 400,000 of dollars annually, or
whatever may be sufficient to recover the respective dividends
of the interests and redemptions, without prejudice to the ge-
neral mortgage .of the other revenues of the nation, and of
the particular measures which the present General Congress
has under consideration for covering the interests and extin-
guishing the public debt by establishing a great national
book. The interest of the first six quarters, and the ne-
cessary fund for the three first payments of the half yearly
redemption, shall be taken in London from the produce of tke
loan itself, in order to their punctual discharge, and the amount
of the third part of the Maritime Customs shall be appropriated
to the seventh dividend ; the fourth and the subsequent pay-
ments shall begin to have effect from the Ist of May of the fol-
lowing year, 1826, the necessary contingent being deposited,
and being punctually made up in the Treasury of Vera Cruz,
previous to the four months of anticipation, in which remittance
is constantly to be made, on account and at the charge of the
Government, in order that the same may arrive in due time
previous to the period of the payment of the said seventh divi-
dend; and In future every three months for the interests, and
every six fbr the redemptions, until their absolute completion.
" The above payments shall be made in the time of war in the
same manner as in the time of peace, without the least distinction
with respect to the proprietors or holders of shares, whether
they belong to a friendly' or hostile nation ; and in the case of
any proprietor of the said actions dying intestate, the bons be-
longing to him, which shall pass to his representatives or heirs
in the order established by the laws of the country, of which
he may be a subject, shall be regularly paid ; and, moreover,
the special bons of this loan shall be exempt from every kind
of sequestration, either at the suit•of the state or individuals,
according to the general practice observed in this respect, and
also from the seal duty, in the same manner as is every docu-
ment of the Government in this Republic.
" And finally, the present general obligation and mortgage,
with the said sovereign decree which is drawn up, authorized
in form, anti the special authority which the Supreme Exe-
cutive Power confers under this date on the house of Bar-
clay, Herring, Richardson, and Co., shall be deposited in
the Bank of England, accompanied by a faithful translation,
made in presence of the Minister Plenipotentiary and Consul-
General of this Republic, of the said Messrs. Barclay, Herring,
Richardson, and Co., and of a Notary Public of the city of
London, until the final cancelling of this loan, far which pur-
pose this document shall be delivered in duplicate to Messrs.
Robert Manning and William S. Marshall, agents of the con-
tracting house. In testimony whereof, we expedite these pre.
vents, signed with our hands, and sealed with the seals of the
Republic, and countersigned by the Secretary of State and
Dispatch fbr Finance.
" Given in the National Palace of Mexico, on the 2ith of
August, 1824, the 4th year of Independence, and the 3d of
Liberty.
(Signed) " NICOLAS BRAVO,
" VICENTE GUERRERO,
• " MIGUEL DOMINGUEZ,
" JOSE IGNACIO ESTE VA, Sec. for Finance."

Article Ist of the additional contract concluded with the
agents of the house of Barclay, Herring, Richardson, and Co.,
of London.

" The Commissioners of the house of 11. A. Goldschmidt and
Co., resident in this city, having circulated notices, which have
given rise to some doubts as to the acceptance of bills drawn by
this Government, (tor the first loan contracted with that house
in London, by the Consul-General of this Republic, Don
Francisco de liorga Aligoni) without the intervention of the
said Commissioners, that not being necessary or requisite by
any of the articles of the contract, and the payment and ac-
ceptance of the bills are therefore strictly obligatory. Neverthe.
less, to prevent the consequences of the Impression which might
thus be produced in these States, and of any unexpected acci-
dent in London, the Agents of the house of Barclay, Herring,
Richardson, and Co., of that city, engaged to endorse the bills
which the Government may think tit to draw, payable to its
order, and upon Goldschnudt and Co.„ without requiring any
Commission fromthe Government for this transaction.—(Fnms
the Mexican Government Gazette.)

NOTICE.
(From the Agana lifeziaml.)
" The Supreme Government of this Republic and Messrs.
B. A. Goldschmidt, of London, having entered into a separate
agreement of the nature of that mentioned in the ninth article
of the
,contract for the loan concluded in London on the 7th of
February this year, by the said house and Don Francis() de
Barge bligoni, the method stipulated in article 6,7, and 10, fur
payment of the instalments of the same, loan, elan be strictly
adhered to as the same may become due, and consequently
Messrs. B. A. Goldschinidt are not bound to accept, nor will
they put their signature to that effect to any bill which his Ex-
Cellency the Minister of Finance may draw, or may have drawn,
on the said house, and on account of the said instalments."