New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1850-11-23
Advancement of the Foreign Debt.

counts Of the invasions Of the Indians.
Yours truly,
Advancement of the Foreign Debt.
MExIco, Oct. 10, 1850.
The government being aware of the coming of
Mr.. Falconnet have constantly importuned the
Senate in order that they should conclude thereg-
ulation of the foreign debt before his arrival this
has been done Justin time, being fastened through
the House of Deputies the day before Mr.. Falcon
nets presentation to the President, which took
place on the 10th inst 1t now remains to be
known whether the condition will be accepted
on the part OF the bondholders. The following are
the provisions
Art l. the creditors of the debt contracted in Lon
don and converted in 1876 agree the conditions expressed
in The following articles the Mexican Government will
give them draft the United States, payable out Of the
Indemnity, for $25OOooO.
O. The conditions as follows:
l. The interest OF the debt Shall remain definitely
duced 10 an annual interest OF three per cent on the cap
al of &1024l $50 the amount acknowledged by Mexico.
H. That with the said $200000 with what the creditors
they nav the time of the appreciation Of this regu
laon there shall be considered as paid all the interest due
up 10 the date OF said regulation
HI For the payment Of the interest OF the new fund Of
per 25 per OF the importation duties OF the mani
lime and frontier houses shall be especially assign
ed together with Is cent of the expectation duties OF
The ports of of the Pacific and per cent of those of the
gulf; completing the amount OF dividends with other rev.
when the aforementioned assignments are lnsl
cen for the full pay ment.
" During the first six years after this regulation there
shall be assigned for the extinction Of the deot any
more than the anountwhch may remain from me appro
priGons for the interest," should there be any; amer mat
lime there shall be annually RENTED 10 London S2500O0
for the extinction of the debt which shall be done the
market price when this is not above par
3. The bondholders may, ii they choose, name
agents in The ports but from the moment said agents
the funds all responsibility on the part oil Inc Govern
ment OF Mexico ceases; the sad Government 10 pay Ie
Of enbarcaton insurance ard freight as IS customary
The actual bonds converted IN 1916 snail be changed
for others TO be issued by the General treasury whch
shall be revised by The agent OF the hepubc N LONDON
No bond of The old fund shall be issued before obtaining
The bonds thus withdrawn shall be rendered useless mme
diaely by cutting of the center piece OF an inch 10
diameter the bond then to be deposited In The archives OF
the Legation, publishing monthly speclhed statement OF
the number OF bonds Withdrawn. The Republic declares
itself responsible for the bonds issued without these
conditions There sha not be paid any commssonbroker-
age duties for the conversion mentioned by TINS law
s. The agency in London shall be conducted by com
missioners removable by the Mexican Government They
shall be Mexican citizens, the principal OF "oa sn DO
named by the Government with The approval oil me Sen,
ate and The expenses of this business shall mol De more man
Sl5CQO year The functions OF the agents respecting the
distribution of the funds shall be confined to the deposnag
the money RENTED in the bank and pay the dVldehoS a
the proper time
On the 10th the Ministers of finance addressed
note to the Senate stating the Government had
had recourse to loans to the amount OF s44 900 from
various citizens and urging them to approve OF the
arrangement of the interior debt sent from the
rangnement was in accordance with the views OF
the government.
p S.-Being too late for the mail last evening
l am enabled to add to-day that the LIST, I'd, Alb
and 9TH articles Of the project Of law respecting
the establishment of consumption duties through
out the Republic and presented to the Chamber
of Deputies by the Committee of Finance, have
been approved of by that body. There was an
exciting debate the Sd article yesterday, and
the Committee took it back to reform it.
There is bill pending before the Chamber Of
! Deputies for the Introduction OF corn into the
port of Tampico
Mr. Levy's project asking the privilege for con-
structing a road from Vera Cruz ria the River
Alvarado to the port of Huatuco on the Pacific,
for the transportation of passengers &c Is tavora
bly, noticed by the press and is now before the
Committee of Industry
The .Supreme Tribunal Of chihuahua is pro-
ceeding with the trial of some assassins, but
fuse the General Government the right Of de-
handing a weekly statement of the proceedings
in the case, notwithstanding the latter cite an
article of the Constitution in favor of the same.
The trial of the assassins of Canedo is at length
nearly concluded. We expect the sentence in a
day or two.
! have heard the arrangement of the foreign
debt is not agreeable TO the views of Mr. f al
comet; yet do not believe anything better will
ever be obtained; at least there IS not much
hope of a better arrangement at present.
The Senate have not yet concured with the
Deputies on the arrangement of the interior debt
The Minister of Finance is surrounded every day
by at least hundred persons, most of them wild
ows, seeking the payment of money long since due,
and notwithstanding they go at 10 AN: and wait
till II, they all go away disappointed. The scenes
that occur when he arrives at the palace complete
ly beggar description
Action of the Senate on the Debt Bills-Senafe
Rebuked by the Minister Of Finance, &c.
MEXICo, Oct 26, 1870.
To the Editors Of The Tribune:
The Senate have approved in part the bill
which passed the Chamber of Deputies respect
ing the arrangement of the interior debt, ex
GLIDING from said arrangement the debts called
those of Mneria, Areria and Peages owing by the
Government. These oflarge amounts, and as