Mobile register and journal., 1845-11-17

Cal IfoRNiA The n. y Courier and Enquirer
conious the foilo~isg letter from the Hon. Caleb
Gushing, our late Minister to CHM, giving such
Information was within his reach, relative 10 tue
claims Of English bond holders upon Calioraia
NEwBuRYPoRr, 2lth October, Iel5.
Dear SW-l have heioie inc sundry dorumeuls,
which aPpertain to the subject of your enquiry rs 10
The interest of the British holders oil Mexican bonds
in the territory OF California.
I. BY decree OF the president ad interim OF the
Mexican Republic issued April II, 1887, under the
authority Of an OF Congress OF the 4th Of the
month, II is declared
l. That the entire foreign debt Of the Republic
may # the public creditors see fiji, be consolidated
through the agency of Messrs Lizard y Co, and
of the Mexican Minister III London.
9. That the existing boads may be exchanged.
one hall Ol new bonds Of such consolidated fund,
s'and the other half in land warrants the vacant
lands in the department OF Texas, Ghihuahua, So
nora, and California. the rate oil four for
each pound sterling.
Z. That "for further security in the payment of
the principal and interest Of the national consolidate
ed found, the Mexican government especially hypo-
thecales, in the name Of the nation, one hundred
millions GOO, 000 009) of acres of vacant lands in
the departments Of California, chihuahua, New
Mexico, Sonora, and Texas, with special guaranty
TO said consolidated fund until the total extinction of
tie bonds"
10. That "fDreigners who in virtue of their land
warrants shall come establish themselves their
properties, shall acquire from that date the title of
coloniss and shall participate. they and their mi-
lies, in all the privileges which the laws grant or
may grant. to any Others Of the same origin and un-
der the same conditions :"
Other articles of This decree, namely, the 81, Alb,
9th. 9Th, 9Th. and 9h regulate various questions of
details in regard to the bonds, and the land
warrants.
IL. On the 14h Of September, 1887, in pursu-
ance of previous meeting of The holders OF Mexi-
can bonds, il was agreed, between them and the
agents Of the Mexican government, TO accept the
offer ofthe latter, with twelve notifications propose
ed, Of which The most material 10 the present pur
pose he following, namely
2. That (amung other hngs,) Instead Uf at once
converting one-half of The old bonds into land
rants, fer that half shall be issued deferred bonds,
(Which deferred bonds shall be all times receive
able in payment OF vacant land in the departments
Of Texas Chihuahua, New Mexico and California
at the choice Of the purchaser, the rate Vi four
acres, for each pound serling.'
That the deferred bonds shall contain clause
STIMULATING that 1.-The Mexican government. when
thereto required, shall grant 10 the bearer of the
said bond iul right Of property and complete pos
session in The number Of acres of land correspond
ing to the amount of said bond, with the accrung
ntere thereon. the rate oil fur of land for
each pound sterling, Of which full and complete pos
shall be given by the competent authorities
z. That the Mexican government, IN addition 10
the general hypothecaton Of 100 900 900 Of acres
coma ned in the 7lh article Of the decree, "shall
specially sci apart weniyfve millions of
acres Of government lands in the deIa, inenis hav
lug the nearest communication with the Atlantic,
and which may appear hest suited for colonization
from abroad; The said lands be specifically and
exclusively held open for the location Of deferred
bonds ~
IA That bonds of the first class may run until
the year 1860, and those Of the second class until
the gear 1875.
The other articles not particularly important
to the subt CT Of inquiry.
III. Ou the 'sl of June, 1889, an act was passed
by the MeSican Congress. which
l. Approves the above agreement made with the
oliers OF Mexican bonds the l4th OF September,
1887.
2. Grants one year for the proposed conversion of
the fore ign debt
4. Requires the Executive To take heed that "no
lands on the frontier shall be g,sn,ed 10 The sub
jeots of the border States, in the evest OF any bonds
failing into their hands which they may be desirous
olexchanging for lands" &c.
s. Eniuns "lhat the lands he divided among
the emigrans AS to prevent their TOO great concen-
Iraton point they are therefore 10 I've located
ut rome distance from each other, and AS near to
our own Towns as may be convenient"
w. On the 10Th July, 1899. there issued by
the President interim Of the Mexican Rel ublic,
(Sania Anna) an order in Council, Of "a articles.
which regulate detail the issue of The new bonds.
and especially those Of the first class, for which a
ctraio portion OF the custom house revenues were
specially pledged; but this order IN Council does moi
materially affect The present object.
Please To observe that the hypothecaion oil
100, 900 600 of acres Of land in California Texas,
Chihuahua, New Mexico, aud Sonora is perma
until the whole debt be paid, and the right lof
locating the deferred bonds in California, Texas,
chihuahua and New Mexico, also continues un-
Ill these are paid, il being condition inserted IN
the bonds,
l subjon an extract from an English work on Cal
ilornia, published in 1899, which bears upon tho
general subject
"Ths (,he transfer Of California 10 the Eng ish
creditors) would be wise measure on the part OF
Mexico, if the government could be brought TO lay
aside the vanity Of retaining large possessions The
cession of ssch disonted part of the Republic as
aliforsia would be an advantage. In no case can
il ever be profitable to the Mexican Republic, nor
il possibly remain united to IL for any length of
time Therefore The giving up this territory or the
debt, would be getting rid 9th last for nothing =
-" IL California were coded for the English
debt; the creditors might be formed into company,
with the difference that they should have a sort OF
sovereignty the territory, swhat IN the man
ner Of The East India Company"
remain, very faithfully yours,