The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-07-19

into the public treasury upon the value Of every
w aIoun, Is svsn And this Is
montns. Inc interest on each mortgage Is sun
Is sun TO be paid to the church the same manner as
heretofore the rent paid But the mortgages cannot
be cancelled nor the church exercise any right Of
ownership over this lien except TO enforce the payment
OF the interest annually.
The church is further prohibited hereafter from pur
chasing or holding real estate and all loans Of money
other business done by any Of that body must be auhen
tcaed before notary, who is required within one week
to inform the proper authorities Of the same.
such s the general nature of this new stringent mea
Sgre adopted by the government against the church
amount OF two hundred millions Of dollars and then the
government will issue another decree, sezing these mort
drawback, however 10 all this. Many suppose that
revolution will ensie when these DEGREES aad all pro
ceediDes under them wl be annulled his said that in
this event the Mexican purchasers would lose all they in
vested in the speculatons; while it Is supposed that
foreigners who acquired property by force OF the law
would be able to hold their would inter-
ere protect them in their legal rights. But in order
to meet this difficulty the government will place these
mortgages beg the reach Of any revolutionary move
ment With this fund which cannot DO turned into cash
for long time, but where the interest will always be
promptly paid, the government viii form basis as 2
hese wcn viii u pr pu ss
security to secure the prompt payment Of interest on the
public bonds as it falls DUE There is no doubt loan Of
fifty millions of dollars be thus obtaned and II
Mexico tpulaes in the debt that in the event of failure
TO pay interest," diplomatic Intervention will be concedeted
where foreigners interested, no future government
will dare TO molest this security. You will perceive
that by this method all foreign nations will be interested
In protecting these mortgages where their people are
benefited from their investments In this new Mexican
loan.
Ineed only add that this decree Of Comonfort's was
ratified the act with great unanimy The credit of the
government Immediately took rfe, and government
paper advanced ten, fifteen and twenty per cent.
Our Vera Cruz Correspondence.
VERA CRUZ, July 7, 1855.
euerue from the Church Lands-Ho,o The Mexican Goyern
rsert Catches Span-Gen. Gadsden, Mr.. Marcy and Au
he Core7stioas-Heary Rains-The Forbes and Barrouo
Cdse
enclose a decree signed by tn, new President, by
which all holders of property belonging to civil eccle
siastca corporations become propreors Of the same,
continuing pay, however, the rent or interest at six
per cent, payable to the former parties.
The step of will be TO make the six per cent
payable to International treasury; and nowthe gov
will derive considerable income, the transfer
will cost five per cent. which will amount to about fifteen
miioIs.
The mint of the capital has just been rented at half
million Of dollars.
Government has raised the embargo laid on the Span
sh bonds, and Commissioner will proceed TO Madrid, to
lay before the Spanish government the acs OF the case
proving that lots Illegal debts had entered the conven
on and the expulsion Of which Is said TO have been de-
manded by the other creditors themselves
The span ards will receive in payment per cent OF all
import duties which is new proof that the present go
vernment has the good will TO pay, and will also have
the means besides the above mentioned INCOME our
liberal Tar in is working we and heavy importtons are
made
now remains to be seen how long great states
man Marcy will keep up his theory that Mexico must not
be pressed that she poor, and God knows what other
nonsense which has always been put 0rth 70 keep our
citizens oR OF their sney owing them iDf depredations
committed under former governments.
Gen. Gadsden could tell tale If he chose showing that
endeavors his have been spared TO justice DONE
but to avil because Marcy has set his mind upon II
that citizens may be ruined and he neither stir hand
nor foot to them.
All his reasons fall to the ground, may be easily
conceived this republic and will pay which Is
proved by the following per centage on import duties al
lowed as follows
rs per cent for the English bondhoders extending
also to tonnage, exports, &c.
10 per cent for the English Convention.
20 per cent for the French Convention.
per cent for the Spanish Convention.
and by which II Is easy for the creditors TO
liqudate their claims with their import duties.
Part Of the capital Is inundated by the heavy rains and
the road are In very bad state.
The Barrow and Forbes case IS still going on How.
ever the house has behaved at Topic in such intoe
rant that the sympathes Of foreigners the
other side.