Richmond palladium. [volume] (Richmond, IA [i.e. Ind.]) 1839-1854, 1846-07-14
..,scrLLANEOUs SELECTIONS
~sexico.. (.aIifOrIlia.-The Mortgage.

;.;sed in saving there Is mortgage on Caiiiofha'
hd nv British holders of Mexican scrip, that can eiisct
our relations with England prosecute as we may he
war against Mexico We abbreviate the following from
the Patriot article
In 1921 and 725, Goldsmith x Co, LONDON contract
ed with the Mexican Government for loan OF TWO efu
s If f3 300 900 one bearing interest at ,, and the
other at per cent. per annnm Out OF 'he Pfoceeo =
the loan retained by Goldsmith ~ Go. the interest was
,ia n, until 1927 they refused further payment
though they still held large amount of funds Mexico
RENTED funds meet the interest duo on these ioans
Clancery proceeding instituted against ''oidshidl
& Co. at compel the payment OF the mon
ey in their hands They the defence OF usnry III
the stipulation 6per interest the legal rate being
then per On this ground the hull was dismissed
md Mexican Government lost the proceeds oil inc
s loan remaining in the hands of Goldsmith 4 Co
In This state Of things the bond holders suffered for
their interest and became clamorous for payment OF IT.
and unsuccessful plans were suggested Tor The
payment On the 10Th April 1887, distinct PROPOSE
flo, WINS made by decree the Mexican Government,
under the Presidency ad interim Of Jose Justo Cano AZ
a meeting of the Mexican bond holders in London, on
the 9th August this proposition referred to a com
mi,ee report upon it. They reported to all adjourned
meeting the 9Th September. in favor of accepting the
propostion W it'll certain notifications which report
referred and afterwards received the assent OF the
Mexcan Minister then i'll London, ~ do fturbde in be
half OF his Government.
New bonds issued according to this agreement,
for f500 EACH specifying their face the facts relating
the loans the Mexican propositions the modification by
III. bond holders, and the assent of the Mexican Minis
and showing the extent of the obligations oil that
Government THIS compromise provided:
l. That The holders Of tile old debt might consolidate
their old into bonds, bearing per cent interest
within year, after the PRONUNCIATION of the conditions
ia London.
. This conversion of the old into the new National
debt was subject the following conditions: per cent
bonds al part per cent leftover due coupons
both at paronc half INTO the consolidated fund, and the
other deferred bonds, the interest on
which should the l9 October, Il, which
deferred bonds made all times receivable in pay
for vacant Lands in the department Of Texas, en-
hiahua New Mexico, Sonora, and California, at tho
chocr of the purchaser the of four per
pound sterling In OF the bonds being paid N for
lands the per cent per annnm to be added
from October, 1887, to the day of taking the
lands
J. The interest the loan t" be par! half yearly
IN London LIST of April and Ocober-and the better
the payment OF the interest, sixth of all tho
receives at the ports of Vera Cruz and IanpIco
tSt Ana Tanauipas) was apart "irrcv ocably' On
fIuro pay interest due ten days, the MeNcan agent
in London to give the holders of the overdue coupons,
certificates of the unpaid, which were declared
receivable the above named Custom houses cash. 10
the OF sixth of all tho duties payable at these
ports
No foreigners settle ''on lands adjoining or bind
ing Territories belonging to the coun-
try Q which they citizens
5 Further the debt aud interest, of the
sodatcd fund, POO 100000 of of vacant lands IN
California Chihuahua, New Mexico, Sonora and Texas
were hypothecatcd with special provision that if any
sales made of said lands it shall not be at lower
than four the pound sterling, the money IN
such be applied 10 extnguish the consolidated
bonis-and 10000 900 of government lands the de-
partrncnts having the nearest communication with the
Atlantic, aud best suited for colonization from abroad,
be exclusively held open the location of defer
red bonds and if sold by the Government the proceeds
to be applied 10 the redemption OF those bonds
E. Foreigners coming to settle lands acquired b.!
virtue of deferred bonds declared 10 be colonsts,
and secured all the rights of such heretofore granted
hereafter TO be granted but person can hold more
.han 5000 square yards of land capable of irrigation,
5000 of pasture. All mines subcctto the general laws
T. The interest uuoonverted deferred bonds to be
pald October, SIS and half yearly thereafter
5 In addition the pledge of one-siNh of the
Toms Vera Cruz and Tampco, if that should be
found sufficient TO pay the interest the whole
OF Mexico pledged for the
9 The consolidated bonds payable London in
1896 the deferred bonds in 1876 and the Mexican Gov
pay the expense Of changing the old into
the bonds.
II will be that the British Government has no
mortgage or other obligation upon California or any
other part OF Mexico that any way affect the in
'erest OF me United States Nor there any thing
The transaction to place the British bond holders rea
non to other countries, upon any footing differing from
that of ordinary creditors The British Gov
eminent Is IN no connected with matter except
that is understood that the Ministry declared when the
loan was negotiated that the government would neither
guarantee the payment of the interest nor interfere to
eocrce its payment that of the principal in case of
default,
we believe none Of this debt has been converted into
sho ana mat The whole sum, principal and interest is
now due The Mexican government, short time since
submitted the following proposition TO III. holders of
the bonds in London. I,
LIST. That the nxer,ue cn,,a sio