The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-02-08

to be paid monthly To the cultivators, and holders
OF the bonds Of the old company, and the rest went
TO The English debt
The stamp paper tax was applied to the copper
money bonds.
The tax from lotteries was appropriated TO the
Academy (of design) al San Carlos.
Fiom this statement, il is evident that some
ere ditors Of the government were receiving 10 aud
20 per interest on their debts, but others were
recsiving nothing, and the Treasury had to rely
solely on the American indemnity. While IN.
minister estimates the tolls from roads at $50 900,
only $1,000 were actually received, in consequence
of the whole management being in the hands of
certain class of creditors.
He has proposed, and we believe it is now the
law, that all the revenues shall be paid into the
Treasury, and that oil creditors shall be paid alike
But we can well imagine the clamor this change
will produce among the hitherto preferred credi-
tors, and we see from the papers that the En- gish
minister has protested against the law. Private
advices cay the American minister has, also; but
we cannot believe he has interfered Ia what is
peculiarly none of his business. Our greatest
wonder is, that Senior Payne has been able to
Withstand the cry raised against him by the bank
ers and other Spectators, for originating this i'm
portant financial reform The minister now pre-.
Ioses estimating the receipts at Sl2 000, 000 and
deducting s2,00O,0 600 due to some Of the States;
that the remaining ten millions be applied as fol-
lows-three millions to the payment of the interest
on the foreign and domestic debts, and seven NIL
lions to the support of the government. From
onr last advices we believe this arrangement will
become the settled policy of the executive.
In order to induce certain classes of creditors to
come into this arrangement, distribution of the
nstalments of the American indemnity still unpaid
was proposed and assented to; but We apprehend
some difficulty will ensue from this source, as
shall expls in when alludisg to that fund.
The reforms proposed by the minister, in the i'm
position of duties on imported goods, are equally as
important as those pertaining to the finances; but
il is beyond our space to discuss them IN this
article. Since the war with the United States,
the trade of Mexico has taken a new direction,
and given importance to places compa -auvely I'M
known, while the former commercial cities are
nearly deserted Thus, the exports by the way OF
the Rio Grande must exceed $4,000, 900, princi
pally IN silver, and the imports of equal value,
chiefly in prohibited articles, such as coarse
cottons, prints, &c. These are introduced by
Americans illegally, and by brbing the custom
house officers; and the silver exported without
paying the export duty. Some of the goods intro
duced on this line are actually sold in the city of
Mexico Tampico, in consequence, has declined
in importance, and has become almost abandoned
as port OF entry, and instead of eight and ten mil
liors of silver being exported from that place, not
more than four or five millions take that direction
The arrivals and departures from Vera Cruz have
Ia .h.v skr,o
al Acapulco. Exchange, which has always been
in favor of the city of Mexico from the interior has
now turned, so that Acapulco, San Blas, Mazatlan,
and Zaca considered more eligible points for
funds. Hence, Tampico, Vera Cruz, and the capi-
tai are declining IN importance; but whenever the
reforms are effected, and the conraband checked,
they will once more be 10 the ascendant.
The exports and imports may each be estimited
at forty millions annually; the exports being for the
most part in gold and silver SIX millions of the
precious metals pass out by the Rio Grande; five
millions by Tampico; five millions by Vera Cruz,
and about twenty millions By the way of the Pa.
chc ocean. In the last fiscal year, s26, 000, 900
were coined in silver, and the total production in
hat metal was estimated al s37, DOC. 600. Abou
two millions in gold may be added TO this. Who
Will say that Mexico 10 a poor country or why do
We not place her on level with California
II is eviden, from these data. that the commerce
OF Mexico Is worth attention and cultivation; nor
does any obstacle exist at this tine TO its indef-
ute extension. The cid race Of statesmen in Mex
leo has passed away, and with them has passed
away all the amnesty and Jealousy against for.
eielers, especially az ainst our nation Santa Anna
isin exile, where we hope he may ever remain; AMI
such men as Almonie have lost all Influence and
consideration. For the fret time, two o. the most
practical men ia Mexico, -Arsta and Payao-are
al the head OF affairs, exerting every nerve for
the good Of their country. The feeling Of hatred
towards the United States has been succeeded BY
that Of the greatest friendship.
We may safely predict that under Genl Ars,a's
administration, Mexico will witness state Of un-
p7ece tented prosperity BY the new financial
regulations, order and system will be observed in
the treasury; the army Will be punctualy paid,
ard rroruactsp,trt0, will cease the judiciary
VIII be enumerated; bnbes will no, be resorted
., and justice Will be fairly administered; the oii
Gers Of the government will receive h.ir salaries,
end public plGnderlng will not be excusible the
Plea q necessity.
The Influence Of the wealth Of the church has
been materially weakened by tn. election Of Aris-
"a HAs NLicl4l NfBai, TIC -IgHfH, ht-, LOT WI my
months, been cauying on an open war on the cler-
~. While advocating Arista's election, that paper
has on ell occasions, proclaimed its opinion TO be
kat Mexico could not prosper until the priests were
humbled. Its columns were filled with "Mysie-
ries cf the lnquistion," g The Wandering lew"
ard kindred publications. When the paper was
formally accommodated in the cathedral, the
editor brought suit against the officiating priest
for defamation Of character; and The singular spec
tscIe may he At any time Witnessed in ihe building
erected ~ the lnqusiiioa, of students reading the
daily periodicals.. filed with all kinds OF
and ridicUe upon the religious superstiiions Of the
people. The wand Of the church Is nov broken,
AMI intellectual darkness IL fast passing away.
The iiberaty Of the government and the promi-
nent topics Of interest in the Mexican papers are
worth passing no,ice. The Tehuantepsc treaty