The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-08-12
Napoleon Willing to Take Forty Mill
lions in Deprecated Paper for
His Sixty Million Debt.
Necessity Prompts Napoleon to
Abate His Demands"
Excitement Among the French
in Mexico.
C0NNEKTS OF MARSHAL BAZAINE'S ORGAN.
&c. &es &C.
The CORRESPONDENCE.

&c. &c. &C.
| The Correspondence.
! nEoryS IuuYs n. DANo IN
| PARIS, August IA, 1886
Sm-I am in receipt OF your dispatches up the 10th
of July What you write concerning claims attracted
| nv attention In most particular manner You
right Judging that the necessity which existed for
| speedy settlement with our counrymen would prompt
to abate n some measure our legitimate demands
am of opinion myself that tho settlement in round
figures which you have proposed for adoption to the
| government Of Macmillan, would be on the whole
advantageous citizens and, OF course, acceptable
u For this reason would request you TO insist in
the most urgent manner in order to obtain without
delay the adherence OF tho Mexican government
plan OF settlement which you have arranged Receive,
&C. DR0UYN DE LHUYS.
raE FRENCH MINISTER MEXICO To THE MINISTER or
FOREIGN AFFAIRS.
Mexico september %, 1865
Exec LENoy-! have received the despatch which you
did the honor to address the 14th of August
Your Excellency having thought ht to approve the
settlement in lump which proposed for adoption to
the government of the Emperor Macmillan in order TO
arrive at speedy conclusion OF this business relating to
French CLAIMS, have resumed. with renewed activity.
this important negotiation, which, however, had for
moment lat out of sight
have this day tho satisfaction Of being able TO an.
that my efforts have not been altogether fruit
less and that signed yesterday agreement which,
If mistake not will satisfy every interest at stake in
this matter. Be pleased to accept, &c, DANO.
Certain notifications in form having become neces-
sary ratification of the above agreement
delayed some time. The principal points in IT, how
ever set forth below According to this plan the
total indemnity due to France for injuries done the
persons and property OF her citizens by Mexican govern
agents is fixed in bulk at the OF forty mil.
lions of francs This amount is TO be paid in Mexican
bonds, at PAR, and the French government divide
these among its citizens who have claims according to
its judgment Of what is proper and convenient.
The French government has already in hand,
to twelve millions OF francs in bonds of
the nrst Mexican loan, which negotiated
in Paris at sixtythee These twelve millions should
present. par the OF sixteen millions four hundred
and forty thousand francs The remaining twenty three
millions five hundred and sixty thousand francs
shall DO paid bonds Of the ISSUE at par through
the Mexican financial commission established at Paris
After having delivered the bonds for this amount OF
forty millions Of francs the Mexican government TO be
considered free from all liability regards the claims
OF Frenchmen that shall have been presented up tina,
date and the French government binds itself not to
ervenc in favor OF any claims that may be presented
thereafter for past damages As consequence of this
settlement article twelve OF the agreement signed
Nramar the 18th Of April 1854 is abroga'cd in far
as il relates to French claims,
THE MINISTER FRENCH NINE
TER MEXICO.
PARIS, November a. 1865
SrR:-r have laid before the council of Ministers the
plan of settlement which transmitted in dcs-
patch of September 2S and made the subject or
special elaboration Two questions raised and d,s
cussed In succession, namely the amount OF our indcm
nifty. and the manner Of payment requisite When the
government of tho Emperor decided upon accepting
settlement in the lump OF French claims, Marshal IA
instructed TO demand for that object OF the
Mexican government the remittance of fifty millions OF
francs bonds OF the second Mexican loan These
added to the twelve millions OF bonds oan OF 1851
already in our hands under the terms Of the iramon
agreement
The sum required Wy US at this time is about the
amount which the French commission. appointed after
wards by yourself TO examine the question: pointed out
required TO indemnify counirymeu In equitable
manner 81, 500 The plan OF settlement which
you have signed with 81 Cesar fixes the total amount OF
indemnity allowed our countrymen at only forty mil.
lions OF francs payable in Mexican bonds at par and
an these forty millions are included the twelve millions
already in our hands There is then, wide difference
between tho figure which you have accepted and what
We considered ourselves iustitable N claiming After
having, however weighed carefully the motives thai
have prompted you 10 make this amount the basis OF
settlement the government Of the Emperor has approved
His Majesty the Emperor Macmillan having shown
his readiness his SIDE 10 agree TO the figure OF forty
millions OF francs; and your private information war
rsniing in the belief that that amount might IN tine
last resort suffice for the ndemnheaton OF our country
men, II has appeared more conformablc TO French in
terests that solution should be fastened by
ing in some measure our legitimate demands rather
than by maintaining them and thus delay s longer Tue
settlement foy which our citizens have waited so long
In accepting the amount of indemnity set down In
your plan OF settlement could not however agree TO
| the manner OF payment stipulated therein. Indeed
there would be difficulty Tor the Mexican government
TO fulfil the agreement in the manner prescribed Ac
cordng TO the terms proposed the Twenty-Five mill cns
five hundred and sixty thousand francs, which would
have TO be quida,ed in order to complete the forty
| millions OF indcmnincaon arc TO be RENTED in bonds
OF the first loan at rar, by the Mexican Commission OF
| Finances In Paris
Now the following circumstance. render tho literal CT
ecutiop OF this clause mpractcablc al present. For
while the French Treasury making OF the privilege
granted TO II at the time the second loan was ncgo
tated converted the bonds that had been delivered IN
pursuance OF the Mramar treaty into securities similar
to those that had been emitted IN 1865 and Afterwards
gotatcd them the Nexican Commission likewise took nd
vantage OF the same occasion to act m Ike manner VITA
the bonds Of the 1884 loan that remained IN its hsnds
Az the present time, then that commission has not
single boad OF the first loan In i,s possession To
nulnment Of tho plan now under consideration. The
Mexican government should already be aware 81 THIS
fact because nj the time was notified OF the taDsa lion
Hence combination must be substituted Tor the
one contemplated In the present plan 81 settlement As
the conversion OF bonds Of the irst loan was optional
IL Is than probable that the hve hundred thousand
bonds Of the second issue viii not be all used because
number of holders OF The 1854 per cents VIII fail
take vantage Of the privilege granted them Hence
the sier of Finances thinks that there Will remain
sufficient quantity OF unemployed oonds 2, ne rev
issue 'o meet the engagements entered into by the Mex
can government In this plan OF settlement win US ~
Is consequently bonds Of this second issue and not
tho plan that the 20 $50 900 francs specified In article
four I've remittcd and in this state OF the case
pray you request that the necessary orders be Tor
warcd 10 the MEXICAN Commission Of Finances In Paris,
that tmsy hand TO US 80 much OF the remainder
of thee bonds As may be necessary 70 cover thc
''"V''' pRoUYN DE IHUYs
Tut sxxco TO rR MINISTER OF FOREIGN
MKxrco December "a. 1885.
E1cvi rS,r-The despatch which you did me the honor
~ writing TO me on the ish OF last November came 10
hand the 18th inst.
On the same day took active measures to have the
| agreement which signed for the settlement Of our
claims modified in what relates TO the KIND OF bonds
payable to our countrymen. Az FIRST met with lively
opposition. The Emperor and n. dc CASTILLO maintained
what il fact that the settlement with bonds Of the
second issue place OF those Of the rst would be more
the Mexican treasury, a. the CONVERSION OF
the FIRST bonds into those OF the second issue and
the settlement OF the differences In premium had occasion
ed pretty sserabe outaya However manfcs,eds 20
much urgency that I obtained my demand on the fol-