The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1859-05-23
FINANCIAL CONDITION OF MExICo.


VERA CRUZ, Saturday, May 7, 1859.
A statement of the present financial condition of
Mexico, in connection with the motives of action on
the part of the French and English Ministers, may
at this time be both useful and interesting. The
following facts obtained at the Secretaria he
Hacienda, the officials of which kindly gave your
correspondent every facility.
10 The first loan made by Mexico with a foreign
party was that concluded in London in 1923, with
the house of Goldsmith. This was after the abdica-
ZION of lturbide and upon the organization of the
Republican form Of government. Mexican bonds
issued for e., 200, 900. They sold at so per
cent, or &, 100000. The firm of Goldsmith re
ceived for commission, payment Of interest, &c,
f4l9 1885, giving fl $50, ,064, or S. 900 323 as the
produce of the SlG,O00,O0 issued in bonds and
bearing interest of per cent. per aunum. In 1924
another loan of the same nature was made in Lon
don with the house of Barclay. Mexico issued her
bonds to the amount of SIG 900 900, and received
therefor the net of S. 393, ,99l bearing interest
of per cent. per annum.
We perceive, therefore, that in 1923 and 1924,
Mexico became indebted to parties in England for
the sum of S32 OOO 900, part bearing interest of
per cent per annum and part per cent. per annum.
Mexico subsequently, made fresh loans and issued
new bonds, which, with arrearages of interest,
amounted, in April, 1857 to the sum of &l024l,-
$50, or S5l POS, ,250 This is what is called the
English bond debt, bearing interest of per cent.
per annum
Besides this, there is due to English citizens the
sum OF S5,376S65, arising from recamations for
damages, seizures, &C., appertanng mostly to the
English Tobacco Company. This is called the
English Convention debt, and bears interest of )
per cent per annum.
The French debt, as adjusted by the Convention
of April, 1857, S253 490. 23 with interest at
per cent per annum.
The Spanish debt, according to the Convention of
April, 1857, was S6,563,5OO with interest at 3 per
cent per annum.
These compose the foreign debts of Mexico, the
sum total of which in April, 1857, as fol-
lows
English Bond debt, S5l, POS $50 90
English Convention debt, 1865 90
French Convention debt, 1884 80
Spanish Convention debt, 6,563 800 90
Total Foreign debt of Mexico. sea, ,3s2 lO5 80
The Conventional agreement of Mexico with
the foreign Governments for tie payment of these
debts is, that percentage of the moneys received
at the various Custom-houses in the Republic shall
be appropriated in the following proportions
Of the duties French vessels for the French Con-
vention debt % per cent.
For the English Bond debt 25 per cent.
For the English Convention debt, l6 per cent.
Left to the Government of Mexico, "a per cent.
OF the duties accruing on all vessels not
French for the English Bond debt 70 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 per
cent of the aforesaid duties should be appropriated
to the Spanish Convention debt, but by reason of
pending dispute payment for the present is with
held.
Since the date of the last COnventiOn-April
ls57-neary 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 S63-
OOO0 900, bearing interest of per cent per annum,
except the English Convention debt of So 376. .S65,
the rate otnterest on which was raised by Zuloaga
to 5 per cent.
In this connection, it may be we'll to state that
the domestic debt of Mexico is, in bonds issued
bearing per cent. interest, SIS ,275
| Floating debt, amount not accurately
known, interest per cent. per an
mum, estimated $4,000, 900
Domestic debt $685. ,275
Foreign debt 63,OOO, 600
| Domestic and foreign debt, total 500, sol, ,275
To this must be added the American and other
claims; an approximation to the amount of which
cannot now be made The above represents
heavy debt, but to a country like Mexico, win
peace and prosperity it would be mere bagatelle.
With fifty millions of dollars, Mexico coud puy up
all the claims of every and nature against nei
That curious, romanticO sclentlhc DION 9h lto,e,
by Michelet, the French Historian ana oaNant'
has been translated in New York unoer the super,
vision of DR.. j. W. Palmar, and VIII De puoilShed
in few days.
The New York Yacht Club has elected the fol-
| lowing officers Commodore, Edwin A. Stevens;
Vice. Commodore, Ambrose G. Kingsland; Secreta-
| ry Hamilton Morton.