Weekly national intelligencer. [volume] (Washington [D.C.]) 1841-1869, 1847-10-16

tue to state that the satisfaction feel at the result will be
douby enhanced should our exeons merit the appreciation Of
those concerned in the and in the unfolding of the
value OF Mexican stock. We have the honor Sc.
"MANNlNG d. MACINTOSH.
&C. r. RonISsos, Esq"
ssGenerai Ireaury of The Federation.
"Under the date of the goth Instant his excelency the
Minister of Finance communicates the following
go His exceency the President ad Interim under yester
days date has been peasedlo determine follows Having
taken consideration the arrangement reference the
the foreign debt Of the Republic which the Minis
Penpotentay thereof in London proposed the bond
holders, and which approved Of by them meeting
held the 4h of June Of the past year 1916 and bearing
in mind the representations which have made
Supreme Government behalf of those interested in this
in unfolding the rights which they have acquired in
Of the aforesaid arrangement the Intervention of the Govern
of her Britannia Majesty with the object OF protecting the
aforesaid rights the considerations due this friendly pow
and the reasons Of public convenience, which, if worthy
of being at all times attended particularly under
the extraordinary circumstances which the nation placed
in consequence of the waged against it by the United
States Of the noh have determined in meeting Of Min
sers and in exercise of the which the first article of
the law of the 10th Of April last gives me, aty,
do hereby ray the appreciation already given the aforesaid
arrangement of the conversion of the foreign debt of the Re-
public which by reduced to the amount of 650
ten millions two hundred and thousand hundred
and fifty pounds sterling the understanding that this ra
cation shall be taken agreed upon accordance with the
terms proposed by Messrs Manning Macintosh in their
annexed exposition And communicate the same to you
Government and the purposes belonging thereto.
"'And communicate the you for your inlorma-
ton, and that may consequences forward the respective
documents
'ssGod and liberty Mexico, July "a, ls47.
"sP F. DEL CASTILLO.
s's Messrs Manning & Macintosh
'''The total amount of the sums existing in the Maritime
Cuom-houses the payment of dividends and which were
taken possession of by the Government in virtue Of the decree
OF the I'd Of May of the past year, shall be reimbursed with
licences for cotton fixing at the price of six dollars
six ras per quna for the entire duty contribution of what
ever nature may be- and the understanding that if at
any future me particular licences the general duties fixed
by the Republic cotton should be at lower rate than
the said six dollars six rails quna the house of Messrs
Manning Macintosh representatives of the bondholdes
shall enjoy the benefit thereof
81 Even C. Macintosh, her Britannia Maesy's Consul
in Mexico do hereby certify unto all whom doth may
concern, that the foregoing true and faithful copy OF
original letter exhibited by Messs Manning 81 Mackin
tosh to whom after comparing have returned for the
they may think proper and faith and testimony where
Of have heeunto set hand and seal of office in Mexico
this 2sth day Of july in the year of our Lord ls47.
"EWEN G. MACINTOSH, Consul"
1t will be perceived that the above arrangement
is partly in compliance with an understanding set
on foot between the bondholders and the Mexican
Government as long ago the 4th June, 1876;
that is not long after Mr.. Folks marching our ar
my ntothe Mexican territories The general con-
version of her debt and the particular payment to-
wards its interest, provided for, seem to be all
that under her present circumstances, could well
be expected; and are, indeed, as to the special
amount of money transferred from her most neces-
sitous treasury, strong manifestations of her good
faith. 1t would be easy to divine the chief motive
of the act, if it were not plainly avowed in the
letter of the Mexican Secretary, TO be connected
with the extraordinary circumstances in which the
nation is placed, in consequence Of the war waged
against her by, the United States of the North. 1t
will further be remarked that the Mexican foreign
debt, thus converted and reduced, becomes
gl0,24l $50; which is, we believe, at the Mex-
par, about fory-six millions of dollars, and in
cludes, probably, all arrearages Of interest. The
debt, them is about that of our State of Pennsyl-
vania.
The second fact to which we have referred re-
CARDS that British rivalry with cotton produc-
ton which supposed TO have fallen through,
but which now appears far from being abandoned.
As to this matter, we can only give the series of
notices contained in the commercial articles Of the
same London journal, and some Manchester Pc
ports. These afford our sole information on the
subject. The Chronicle Of September I'd has the
following:
The Manchester Chamber of Commerce held a meeting
last week. for the purpose Of receiving report from Dr. Lang
as to the desrableness of making effort TO introduce the
cultivation Of cotton in district Of Northeastern Australia,
called Cookand, and which, according report is admia
bly, adapted for the purpose. The Importance of securing
supply OF cotton from Of colonies obvious
that the subject has excited much interest amongst those who
are engaged IN our cotton manufactures and the statement
made TO the Chamber of Commerce to be deserving Of
serious consideration.
Dr. Lang appears to be well acquainted with the district of
Australia, in which he arms that the cotton plant be
cultivated with advantage He has recently published work
on the subject and has evidently taken pains TO the
best information in his power Still il is necessary that his
statements should be confirmed by other parties before any
steps are taken In urheance of the plan which he submitted
to the meeting We state this without in aEy way doubling
the correctness OF his remarks which appear have been
made in perfect good faith the matter important
be lightly undertaken to be hastily abandoned II pos
the requisite climate and soil for the profitable production
of good within colonies ii is very desirable
that should adopt the active the
advantages which may be obtained Besides rendering
independent Of the American Market the
sion of the cotton-ed will tend to euuaze the supply and
prevent of those fluctuations i'm price which
AT the same time would be Of capital 10 attempt the
production Of cotton extended scale distant colony
unless good exist for believing that the undertaking
would be successful The extraordinary and rapid decline in
the quantity Of cotton received from India during the past
three years shows that additional producing districts
are very desirable. In 1914 we imported from India ssI
millions of pounds by weight, while in 1916 the quantity had
fallen 81 millions of pounds and during the same period
have had deficient supply from America in consequence
OF the failure of the crop there while the received of