New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1851-05-22
MEXICO.
The Financial EmbHrrassments Of Mexico
Report OF senior Esteya-The p a bIic LEADS
A Orisis-The CehRantepsc rreaty-DoinEs
Of COngress-Arrests, &c.

cause ne lounO the law lOr tue conversion or con-
soidation of the interior debt an insuperable OBJ
Etacle in the way Of getting on. He has given it
as his opinion that the conversion cannot be car
RED into effect unless the law Of 30th November
be reformed He proposed to the Cabinet to re-
form il as follows: Not to deliver to the creditors
the s2,5O0oOO Of the American indemnity; that
all payments should be suspended till June, 1854
In the mean time the liquidation Of the debt
should be continued, decreeing new and sufficient
impoats, in order that at the end OF that period
the nation might restore it's credit having before.
hand covered the deficit in the expenses OF Gov.
eminent appropriating revenue, entirely sepa-
rate from all the rest, capable OF paying the
whole Of the interest on the debt But" he
says in bis pamphlet, as this could not be, will
demonstrate to you the Presidentl the situation
in which the Government finds itself in the De-
partment of Finance"
He here refers to various documents produced
by bimself adding; Z" By them you will see that
to pay the part in cash demanded by the CONVEX.
sion of the interior debt, there is deficiency of
S43l4,s69; that to cover the expenses OF the
Administration for the last four months Of this
economical year ldhO economical, this is another
Of 81, 972, 258-that is if the expenses are to be
regulated according to the estimate presented TO
Congress; that also, asreeably to this, ttere will
result another deficiency Of s1,25O22l in the year
1852; and lastly to pay the amounts awarded by
the Judiciary, there is wanted at least s}is lO2-
the total deficiency being ST., 1851"
He gives as a reason for making his calculation
TO the end of June, 1852, that the new imposts
could not take effect till after several months.
Iquote only s0O more paragraphs, which will
show you the exact state of things. He says:
F'The question is, are there any means OF saving
ne from our present situation, at the same time
complying with the law" (ie, that Of Both No.
vember, for the conversion of the debit
For this it would be necessary LIST, to supply
the deficiency resulting on the end of the eco.
nomical year ending on the last of June 1852,
which will be at least very near 60 100000. I'd
That the mode of supplying the same may not
compromise the revenues # the Government
80, To create resources in order that at the end
Of that time the Government may find itself in
situation to continue paying punctualy the in
terest OF the debt, and to refund the amount it
now takes to cover its dsfcn."
whatever means may be adopted, If these
three conditions are not complied with the diff.
Guilty is not overcome. If the Government only
limits itself to seeking the S4,3l4,s69 to COM
plete the sum necessary for the conversion OF
the debt, it will remain without the means of
subsistence, and be obliged to violate the law
by suspending the payment Of the interest of
the debt and il 1t satisfied at once the ext
gencies Of the creditors, it could not establish
It's credit neither could it be sure that the cro-
ditors would not come with the reproach that
their interest had not been paid. Thus then
the question is only put at rest by supplying the
total deficiency of 90, 100000, and let it be re-
membered that this ia the deficiency that results
after the reduction Of the salaries of the en-
p!oyees which 10 at present practised, and which
lie forming another National debt distinct from
that classified in the law for the conversion
Were it not for this reduction the deficit would
be over $4,000 00."
He now asks the question what must be
done to supply this dehciency2' Stating the
impossbities of Mexico obtaining q loan from
either England, France or the United States,
because the former has no security TO offer, stat
ing in q note that Notwithstanding the Nation
possesses lands that would serve as security, it
must be remembered that the title to them is
questioned because some believe they belong to
! the States, others to the General Government;
besides this IL is not known which are these
! lands, az their boundaries have never been de-
fined, and in the present state Of the country
are not worth much because there 10 no encou-
| rseenent for emigration He goes on TO say
| that there 10 but one possible mode for the Gov
eminent 10 free itself from its present situation
| land that 10 the favorable issue Of grave and
! delicate businets proposed by himself 20 the Ca.
| binet aud to the President but this needs time
and much circumspection, and prudence, to OBJ
klA
| pletely fail" l do not know to what be alluded
unless it be the nlortgssns ofth property OF the
! Church.
III. Esteba in this little work (of ll2 octave
! psges condemns the av for the conversion Of the
| National Debt as chimefa, aud says It cannot be
carried cut The only hope Of producing a reve-
nue. is 20 abolish prohibitions The tariff must be
reduced 90 that there will be no object in Snug
| Cling, and immigration must be encouraged.
! find in il this short paragraph;
"The nation finds Itself In one or those solemn
moments in which salvation Is only found by pro
4, ceedns with great energy, and in the adoption Of
radical measures which grtpple Sith all Questions
/ with loyalty and fransnen resolving them with
1 decision and irupess."
The report Of the Committee on the Tehuan
pee business, as ! said In my lGst letter, was
4 adopted by the Senate only voting against
| it. You will remember the report declared the
extension n sde 70 Gsrsy 10 1876 illegal, there.
fore hs contract or privilege falls TO the ground.
/ The business was passed to the Chamber OF De-
putiss on the 18th yesterday and repassed TO
Committee who are Instructed 10 report on the
same in tea days
No action has been taken by the Chanbe. Of
/ Deputies on the initiatives by the Government,
one Of which was to pledge, with the consent OF
the clergy. part Of the church property for the
security Of a loan of five millions snd hall
The President has decreed that after 90 days
nom the l2sh inst the importation OF foreign su
gar In the port Of NstGmoros and the custom
| bopse on the frontier of Tam aulip1s shall cease.
| Nothips has been done since last dates respect
ing the consumption duties bill or that relating TO
sbolshing prohibitions.
! The Com mittes in the Common Council to whom
the proposition TO prOhibi. the priests going pub
! Ill, % confs,s the sick was referred, reported