The national era. [volume] (Washington [D.C.]) 1847-1860, 1859-06-02
FINANCIAL CONDITION OF MEXICO.

at the "Secretaria de Hacienda" Vera. Cruz.
He writes on the 18th of May
" The first loan made by Mexico with a for
eign party was that concluded in London in
1923, with the house of Goldsmith. This was
after the abdication of Iturbide, and upon the
organization of the republican form of Govern
ment Mexican bonds were issued for
93,2OO,OOO They sold at fifty per cent, or
Gl,600,000 The firm of. Goldsmith received
for commission, payment of interest, &C.,
f4l9,936, giving Ell, l80,064, or $500 1913, as
the produce of the $4,000, 900 issued in bonds,
and bearing interest of FIVE per cent per an
mum. In 1924, another loan of the same ma
ture was made in London, with the honse of
Barclay. Mexico issued her bonds to the amount
of $l6,O00,000 and received therefor the net
sum of S., 1893, 99l, bearing interest of six per
cent. per annum.
ave perceive, therefore, that in 1923 and 1924
Mexico became indebted to parties in England
for the sum of $32,OOO,0OO, part being interest
of five per cent. per annum, and part SIX per
cent. per annum. Mexico subsequently made
fresh loans and issued new bonds, which, with
arrears of interest, amounted, in April, 1857, to
the sum of 9IO,2ll, $780, or $5l ,208,250. This
is what is called the English bond debt, bear
ing interest of three per cent per annum.
Besides this, there is due to the English
citizens the sum of $5,376,865, arising from
reclamations for damages, seizures &c, apper-
tanning mostly to the English Tobacco Com
pany. This is called the English convention
debt, and bears interest of three per cent. per
annum.
The French debt, as adjusted by the con-
vention of April, 1857, was S263, 490.33, with in
terest at three per cent. per annum.
"The Spanish debt, according TO the conven-
ton of April, 1857, was $685. 500, with inter
est at three per cent. per annum.
"These compose the foreign debts of Mexico,
the sum total of which was in April, 1857, as
follows:
English bond debt $5l, 208, 25O00
English convention debt 1916, 90
| French convention debt 253,490.33
Spanish convention debt $3.50, 10000
Total foreign debt of Mexico 63,332, lO5.33
The conventional agreement of Mexico
with the foreign Governments for the payment
of these debts is, that a per centage of the
moneys received at the various custom houses
in the republic shall be appropriated in the
following proportions:
Of the duties on French vessels for the French
convention debt % per cent.
For the English bond debt 25 per cent.
For the English convention debt l6 per cent.
Left to the Governments of Mexico "a per cent.
Of the duties accruing on all yes
sells not French for the English 80.
bond debt IS per cent.
For the English convention debt "a per cent.
For the French convention debt per cent.
Left to the Mexican Government 43 per cent.
In connection with the above allotments to
the English and French, it was covenanted
that eight per cent of the aforesaid duties
should be appropriated TO the Spanish conven-
ton debt, but by reason of pending dispute,
Co. he . hboIJ
"Since the date of the last convention
April, lS57-nearly the whole of the French
debt has been paid. 1t may be said, therefore,
that the foreign debt of Mexico amounts in
round numbers to $63, 900, 000 bearing interest
OF three per cent. per annum, except the Eng
lish convention debt of $5,376,865, the rate of
interest on which was raised by Zuloaga to
five per cent.
" In this connection, it may be well to state
that the domestic debt of Mexico is
In bonds issued bearing three per
cent. interest $l8,80l,275
Floating debt, amount not accu-
rately known, interest three
per cent per annum, estimated 100000
Domestic debt 33,80l,275
Foreign debt 63,00000O
y
"TO this must be added American and other
claims, all approximation to the amount of
which cannot now be made"
ENTITLED TO EARNEST CONSIDERATIONS
We copy the following extract from a recent
letter of the regular Paris correspondent of the
New York Times, and recommend a careful
perusal of it by the President and his Cabinet
81 lately visited the office of the Nicaragua
Canal Company in this city, and found it an
elegant establishment, with three or four clerks.
messenger boys, and all the expensive applian.
ces of frst-class concern. | did not like to
ask the question aloud, where does all the
money come from but asked it of myself all
the same. 1t cost good deal of money to send
M. Belly and his troupe out to Central america,
and it costs good deal to keep him and this
Paris establishment in operation. Where does
the money come from7
at has been reported for the last two or
three MONTHS report which cannot at all
guaranty-that NJ. Millaud is in embarrassed
circumstances, and that he is even reduced to
the point of being obliged to offer for sale his
costly residence in the Place st. Georges. But,
however this may be, it is certain that he has
retired from the pecuniary support of NJ. Belly
and his Nicaraguan scheme At the same
time | am informed that NJ. Delamarre. pro-
prietor of the Pays, Journal de rEmpire, is now
the hacker of M. Belly. The Pays, however,
has had the good sense not to follow the suici.
DIAL example of the PreSSs in prosttuting its col
umns to the putting of the stock operations of
its proprietor. This journal abuses America
habitually, and very naturally supports the pro-
ject of NJ. Belly; but not more since the new
Investment of NJ. Delamarre than previously.
M. Chanut, former editor of the Presse for
American affairs, now employed in the same
capacity on the Recue Contemporaries, has lust
published lengthy article in this journal ON
the subject of Cuba, and is preparing another on
Central America and the Nicaragua canal opes-
ton. According to NJ. Chanut, the French
people as well as the French Government are
strongly opposed to the annexation of Cuba by
force to the United States, and their opposition
would be manifested in a more effective wav
than by mere protest. have every reason to
believe that if Louis Napoleon were disposed.
he could easily gain the consent of his people
to constitute this one of the civilizing missions
of which he has talked so much in his late
manifestos. His new and powerful navy, which
will have little opportunity of developing its
strength in the present war, would only be too
glad to measure Its strength with maritime
Power like the United States. In .fact the
Emperor cannot know what value to attach to
the improvements that have been introduced
and whether it is safe to continue the present
system of building, without having trial an
grander scale than will be offered BY the Italian
war"
We own, says the Washington States, that