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

In looking over ample files Of Mexican pa
pers we find the following Interesting items:
In reference TO the debt of the republic, which
has proved such a stumbling block 10 the ministers
Of finance, find in the Moniteu of the 2sth ult
the subjoinsd plan, submitted by Senior Eorriaga
TO Congress ON the oath ult.:
/. The government will proceed TO liquidate all
the public debt of the nation internal and exter-
nal, liking its contamination at the briefest posi-
bic period. IL will forthwith verify it, total
amount, excluding all creditors who do not pre-
sent their demands within given period.
?. The government will make general arrange
ment Of both debts on the following bases
That the capital Of both debts shall be reduced TO
s ll0,000,0OO
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
ments as in the direction and administration Of all
the sources Of revenue.
4. The government will assure itself for as long
period as possible, by scrupulous public admin
stration, an effective annual income Of 500 900,
and moreover the necessary funds TO pay the inter
est OF the debt with the most religious punctuality
B. For the objects contemplated by this act, the
government viii apply the indemnity owing TO the
republic by the United States, and all its present
revenues.
g. The government will Immediately establish a
hJsitiu Vi ulIetl OF taNduOn, so tnat inc
product may the deficiency which may re-
main after II has been reduced 10 the lowest figure
possible.
Z. The government restrictions shall be as fol-
lows:
1t shall discharge no credit with any particular
funds with the general revenue separately from
the arrangement made with all the creditors of the
treasury.
1t shall create public office, dispose Of no pub
lie function, and assign no higher salary than that
provided by the law.
IL shall not farm out any portion Of the present
bevenue, nor of that which may be created by the
present act
II shall not pay higher interest than one half
per cent. monthly, and this in other than
for sums actually received in specie.
The government shall render an account TO Con-
gress of the result Of this law i'm the ordinary
sion of 1851, or before, if possible
in transmitting 10 the Senate this remarkable
project for extinguishnR the public debt at least
for providing means OF regularly paying the in =
terest, Senior Elorriaga, the new Finance Minister,
prays that IL may Immediately be taken up by that
body, in preference To all other acts.
The Mexican Congress was to close its 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 Tampico the long talked Of project Of bring
ing frcsh water into the port is 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
To the President on the goth ut.
The following are the annual allowances voted by
Congress for certain bishops of the Catholic church:
Bishop OF Sonora, $4,000; Of Yucatan, S6,OO0 of
Chispss, 5000 Of California and New Leon, each
S5,O0O.-N. o. Picoyuns, 12h.