The republic. [volume] (Washington [D.C.]) 1849-1853, 1849-12-20
From Mexico.

In looking our ample files of Mexican pa
pers We find the following Interesting items;
In reference TO the debt of the republic, which
has proved such stumbling block 10 the ministers
Of finance, find, in the Monifetu of the 2sth ult
the suboinsd plan, submitted by Senior Elorriaga
TO Congress on the oath ult.:
/. The government will proceed to iquidate all
the public debt of the nation, internal and exter-
nal, hNlng Its contamination at the briefest posi-
bic period. II will forthwith verify it, total
amount, excluding all creditors who do not pre-
| cent their demands within given period.
2 The government will make general arrange
ment ofboth debts on the following bases
That the capital Of both debts shall be reduced TO
Sllo,OOO,OOO
That this capital shall bear an interest Of not
more than three and half per cent per annum.
That TINS arrangement be effected with the con-
sent Of the creditors
3. The government will proceed to make those
retrenchments and ameliorations which il may
judge convenient, both respects public disbursc-
nenh as IN the direction and administration Of all
the sources Of revenue.
4. The government will assure itself for as long
period az possible, by a scrupuous public admin.
straton, an effective annual income Of 500 900,
and moreover the necessary funds 20 pay the inter
est Of the debt with the most cgiOus punctuality
5. For the objects contemplated by this act, the
government viii apply the indemnity owing 10 the
republic by the United States, and all its present
revenues.
8. The government will Immediately establish
system Of direct OF indirect taxation, 80 that the
product may cover the deficiency which may re.
main after il has been reduced 20 the lowest figure
possible.
7. The government restrictions shall be AZ fol-
lows:
II shall discharge no credit with any particular
funds or with the general revenue separately from
the arrangement made with all the creditors Of the
treasury.
II shall create no public office, dispose Of no pub
lie function, and assign no higher salary than that
provided by the law
1t shall not farm out any portion Of the present
revenue, nor Of that which may be created by the
present act.
IL shall not pay higher interest than half
per cent. monthly, and this in no other case than
Tor sums actually received in specie.
The government shall render an account 10 Con-
grcss Of the result Of this law in the ordinary
sion Of 1851, or before, If possible.
In transmitting to the Senate this remarkable
project for exngushing the public debt or at least
for providing means Of regularly paying the in
terest, Senior Elorriaga, the Finance Minister,
prays that it may Immediately be taken up by that
body, IN preference 30 all other acts.
The Mexican Congress was TO close ie sittngs on
the l4th instant.
Senior Espino has been appointed captain Of the
port Of Vera Cruz, and Don Thomas Marin com.
mandant general Of Marine.
At Tampco the long talked Of project Of bring.
ing frcsh water into the port Is on the point Of be-
ing accomplished.
The resolution introduced into the Chamber Of
Deputies, making certain reforms in the tariff, has
been passed by both Houses. and was transmitted
10 the President on the goth ult.
The following are the annual allowances voted by
Congress for certain bishops Of the Catholic church,
Bishop OF Sonora, $4,000; Of Yucatan, $1,000; of
Chiapas, = 200; Of California and New Leon, each
S5,OOO.--N. o. Picogens, l2h