Fayetteville observer. [volume] (Fayetteville, Tenn.) 1850-1966, 1856-11-13
Rupture betxees Great Britain and
Mexico.

, Rupture between Great Britain and /
Mexico
The latest adsices from Mexico |
announces that The representative of
Great Britain to that country hss
suspended diplomatic Intercourse |
with President Comonfort's Govern
ment,and has withdrawn TO TucabayaI
to await further INSTRUCTIONS from
London. The immediate cause 81
this rupture is said 70 be the refusal
of the Mexican Government to-
grant the indemnity claimed by
Barron, Forbes & Co., The details
OF which are already sufficiently
known; but it 10 reasonably supposed
that the long unsettled claims Of
British subjects for money lent to
! Mexico, and the repeated failure Of
the Mexican authorities tofuIfili their
engagement to the bond holders,
have Influenced Dir. Letsom in The
decided course he has adopted, and
that if the British Government
resolve on sending a naval squadron
Jas is rumored to Vera Cruz, to com.
Ipel settlement Of Barron & Co. IS
claim it will so insist, at the same
time, on a satisfactory arrangement
being come To- with reference to the
claims Of Mexican bond-holders.
f., The amount of these claims is
upwards of ffty-one millions of
dollars, and the annual interest is
close on four millions, Of which six
half yearly payments, amounting to
S4,6O6,740, are unpaid, and that
which will come due for arrears of
interest will amount to. close On six
millions Of dollars, to meet which
the sum ia the Bank of England is
mot more than $4,000. 1t is not
astonishing, therefore, that the hoL-
GERS Of this debt End it impossible TO
come to any acceptable arrangement
with the British Government to
compel the Mexieans to, pay their
just debts; nor can it be regarded as
either harsh or unwarrantable, that
. those charged with the protection Of
British interests should consider
themselves called on to adopt very
stringent measures, circumstances
having proved in vain, to enforce
the claims. of the bondholders. IL
1850, an arrangement was coneIu-
ded, by which the Mexican Govern
ment agreed to set apart portion
of the revenues Of the Republic for
the payment Of the interest On the
British debt, and in this were inclu-
lded the custom duties received at
the different ports, which according
to the published report of NJ. Oliassa.
garre, late Minister to France, we're
shown to be amply sufficient for the
purpose.
| 1t was further agreed that the
English creditors might appoint
agents to reside at the ports and
receive the duties thust set apart
as they we're collected. Since the
revolution and the fall of Santa
Anna, these conditions have not
been fulfilled, and the customs re-
ceipts have not been applied wholly
or in part, to the payment of
the interest for which they were dis
jtiuctly appropriated. There can be
no doubt that the revenues of Mexico
il honestly collected aud administer
ed. are abundantly adequate to meet
all her obligations, although the
1.-THE severe trials to which she has
been subjected from misrule. intrigue,
administrative corruption, and in
testine discord have sensibly impaired
her strength and diminished her
power to satisfy her engagement.
and although on this account, she
may befairly entitled to leniency at,
the hands of her creditors, she is
nevertheless bound both morally
and legally. to act honestly by those
who, on the faith Of her promises,
have advanced their money for her
benefit.
1t is said that President Comon-
fort has dispatched General Almonte
70 London on special mission to
negotiate the matter with the Brit
iish Government, and it is 10 be
hoped, from the justice, good sense
and honest patriotism Of Comonfort,
that he will give such instructions
to his envoy as will enable him to
satisfy the just Demands Of his
British creditors, and thus avert the
danger by which his country is at
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