Mexico.
The Times, 1824-11-18T00:00:00

Letters were received yesterday from Mexico dated Sept. 18, and froni Jalapa of the 21st of that month. The chief event they communicate is the election of General Victoria to be President of Mexico. All the letters do not assert this to have been asttally the casae but those *kwg do not, consieer the decision as certain to be in his favour. It is afrmetl that General Bravo, who was a candidate for the -same office, has consent d to servo under General Victoria, by accepting that, of Vice-Presient. Three of thQ Mini- srers-Alamat, for Foreign Afihirs; Llave, of Justice; anid Tcrun, for Wnr-were expectedl to resign in consequence of tbe election of Victoria to the Presidency. The eveRt has oaused eonsiderable alarm among the old resident Spani- ards, wvho were apprehensive, on account of the violent at- tachment of Victoria to the independenit cause, that they would lbe treated with great severity, anil perhaps expelledl the dountry. One of the letters has encloseT the coni- tract for the niew loan to the Mexican Governmnent, as published in the Gazetfe, of wlich we have subjoined a translationi. Somne altercationl, of little importanice except to the parties concerned, has taken place between the atent of thehouse wlich contracted for the first, andl the Mexican Governmnent. As soon as the last conttact was tluly signed aii(I ratified, this gentleman selnt to Esteva the Minister of Finance, stating that as n o absolute engagement had been entered into by his houise to pay the bills of the Governiment, they would nieither accept uor pay any of those drawn by Esteva, or by his precdecessor Arrillaga. In this communiication to Esteva, the agenit referred to is said to have animadverted with some asperity on the con- duct of the fxectitive in having published a mecrot article of' the new contraet, in. which his principals were riot treated with the deference he thought due to them,and to have thence deduced a justification, ofI his own proceeding. Hle even threatoned to make public 9 notice to the merchants against negotiating the bills drawni upon his louse. The Execnu tive were apprised of the whole affair through the Finance .Miinister, and gave him instructionis to prohibit the agent fromn carrying his threat into effect. The agent, however, persistedl in his resolution, and after having net with a re- fusal from the other papers, procured the insertion of the notice in the Aguila .Miexrana, but without his signature.' The notice alludedl to will be found among the extracts from the papers. This proceeding provoked so highly the indignationi of the Government, that they introducedl a new and secret article into the new contract, uznder which they autlhorizedl the contractors, should the condluct of the agent for the first loan prove to be sanctioned bv his employers in this country, to claim all the money reinaining in their hands belonginig to the Alexicai Governmnent. Thc affair seems to be of little importance, since any indiscretion of which the agents may have been guilty, will be easily cor- recte(d by their principals in Londoni ; but as the affair has catised muclh discussion among the city circles, we have thought it riaht to state suich particulars of it as have corne to our knowledge. (From the Agnila Afe.*i(ana of Sept. 14.) 5MINISTRY OF FINANCE. The Supreme Executive Powec Jas entered into a contract with Aleusrs Robert Manning and Villiam S. Marshall, agents of Bar- clay, Herring, Richardson, andl Go., of London, for a second loan on the account and for the beneft of this Rcpublic, upon the terms stated in the following locaurent, which is here inserted for the in- formation of the public:- The Fupreme Executive Power of the llnited Alexican States, which at present consists of the Excellent Senores Don Nicholasl Bravo, Don Vincence Guerrero, and Don Miguel Dominguez, to all those who nay see these presents be it known :-That being au. thorized, as we were, by the decree of the Supreme Constituent Con. Lress of the 27th of A.ugust, 1*23, to conmract a loan of 20 millions oa dollars for the service of this Republic; and it being advantagcous to thie better and more prompt re-establishment of the important revenue of tobacco, to tele most convenient and useful a(ljustment of the new financial system of the federation, and to the im. provefnent of the national credit, by the payment of its most preferable creditors, that a second loan should be negotiated, limited to 3,200,0001. sterling, or 16,000,000 of dlollars, and under the precise condition of employing the foarth part thereof in the re- lemption of the obligationsf contracted for in London by Don Fran- cisco de Borga Mligonni, agent of this Republic; we have deter- mined to grant, as we hereby do grant, under special and sufflicient powers, all the authority which may be necessary for the house of Barclay, lierring, Richardson, and Co. of London, in consideration f the important services which they have performed for this Go. verinment, to carry into effect, in virtue of the aforesaid authority, mnd of the present general obligation, the before-mnentioned loan in that city, on account and for the benefit of those states, under the following bases and conditions :_ -1. Special obligations or bons shlaU be issuerl for the above sum, which shalt be drawn up and printed in the usual Ibrm, and with the usual pTecaltions, according to the amounits and circum- st.ances hereafter mpecified :_ " Xith thtc initial C, 16,000 special bons of 15'01., whichl will make .2,400,000 " With the initial D, 8,000 of 1001. 800,000 ?g,200,000 These obligations shall be signed by the Mlinister Plenipoten. tiary of this Republic, or whoever may offliate for him as Minister to the British Government, and by the house of Barclay, lierritg, Richardson, and Co., and shall be payable to the bearer, with the interest of 6 per cent., which shall commence from the beginning of the quarter in which they are put into circulation. " 2. The said 2,400,000 special obligations must be signed and ready by the 7th of February of next year, 1825, at the latest; and the bouse of Barclay, Herring, Richardson, and Co., shall proceedt to sell the same at the most advantageous price, in one, two, or more periods, preceded witha suitable advertisements ina the nuewspa- pets, and acting in concert with the 51ini.ster Plenipotentiary of this Republic, or his representative for the time being, and with the Con- sul-General of this Republic; but the absence or failure of one or other of these M inister, shall not impede this operation, nor prevent it from having precisely the same effect stipulated for, and for wyhuich the contracting house is bound by the contract. " 3. Fifty thousand pounds sterling of the produce of this loan are cacti month destined, reckoning from the day on which the first sale is madc, to redeem the obligations of the first loan, until the fourth part therof, amounting to 800,0001. sterling, be paid off. " 4. There shall be appropriated to the retlemption ofthis loan the annual sum of 32,0001. sterling; and moreover, the surpluses result- ing from the total amount of the interests, which must constantly fall in after the payment of the corresponding dividends ; by the re- duction of this gradual and successive extinction, and purchasing with the suni total to which the same may amount, special vales or bons at the current price, on account of this Republic, and under tie management of the said contracting house. This operation shall commence at the end of six months from she date of the first sale, and shall be continued every half-year until the redemption be com- pleted. Should the price of this paper in the market at any time ex. ceed its nominal value, independently of the interest due in the cur. rent quarter, this Govemment shaR not on that account be bound to pay more than what the bons represent; and in this case, the contracting house shall proceed in concert with the agents of this Republic in London, to cast lotc for the bons in circu- lation, and shall publish in the Lerdon Gazette the numbers which are to be paid ofF by the appropriated fund at the end of the half-year or half-years, in which this operation of redemption at par is to be repeated, paying in effect the bons on their presentation with the interest for the current quarter at the time of the notification, but not *the future quarters, wlhich cea,e from the time of the r. duc- tion. The bene, which shall be redeemed in the presence of a Notary Public, of Alessrs. Barclay, Herring, Richardson, and Co., and of the P,linister and Consul-Gesneral of this Republic residing in London, shall be cancelled amid deposited in the Bank of Eng- land, and their respective numbeis tshall be publiahed as they are paid off and cancelled during every .half-year; at the termination of wlich1 the whole and the present general obligation, shall be deli- vered over to the disposal of thie Groverusment; and finally, if at the end of 30 years, reckoning frotn the date of the first sale, titere shall still remain any bons in existence, they shall be redeemed and paid off in order that the whole transaction may be concluded. " 5. To carry into due and full efrect, the redemptions, as well as the payment of the interests in the manner intended, the Sit- preme Executive Power, in the exercise of the authority given by the Sovereign Constituent Congress, specially appropriates and mortgages for the present, the third part of the produce of all the maritime customs of the hlexican Federation, which amount to more than 4,000,000 of dollars annually, or what- ever may be sufficient to cover the respective dividends of the interests and redemptions, without prejudice to the general mort.- gage of the other revenues of the nation, and of the particular mea. sures which the present General Congress has under consideration for covering the Interests and extinguishing the.public debt by etta- blishing a great national boolk. The interest of the six first quarterx, and the necessary fund fit the three first payments of the half- yearly redemptions,shall be taken inLondors from the producc of the loan itself, In order to their punctual discharge, and the amount ofthe third part of thc Maritime. Customs shall be appropriated to the seventh dividend; thefourth and the subsequent paymients shall be- 4in to have effect from the 1st of Alay of. the following year, 18,26, ho necessary contingent being deposited, and punctually made up n the Treasury of Vera Cruz, previous to the four montlhs of antici- Wation, In which remittanee is cnstantly to be marde, on account and at the charge of the Governiment, in order thatthe same may arrive in due time previous to the period of the payment of the said seventh dividend; and in future every three months for tike interests, and every six for the redemptions, until their absolute completion. " 'Phe above paymenta shall be made In the time of war in tte same mannet as in the time of peace, withoat the least distinction with respect td the proprietors or holders of shares, whether they be- long to a friendly or hostile nation; and in the case of any proprietor of the Baid actions dying intestate, the bons belonging to him, which soiall pass to his representatives er heirs in the erder establishedt by the laws of the country, of which lie may be a subject, shaU be re- gulirly paid; and, moveover, thc special bons of this loan shall be extempt from every kind of sequcsttation, either at the suit of the state or individuals, according to the general practice obseaved in this respect, and also from the seal dLity, in the satne manner as is every document of the Government in tlis Republic. " Andi finally, the presenl general obligatiton and mortgage, with the said sovereign decree which is drawn up,authorized in form, and the special authority which the Supreme Executive Power confers under this (late on the house of Barclay, Eierring, Rich'Al"on, ud Co., shall be deposited in the Bank of Bptland, accompahied by a faittiful ttanslation, madle in presence of thc Minister]Pleni?btentiary and Consul-fleneral of Olis ltepublic, of the said AMessrs. Barclay, Herring, Richardson, nnd Co., and of a Notary Public of the city of I,ondon, until the final cancelling of this loan, for which purpose this document shall be delivered in duhplicate to lessrs. Robert Alanning anlT William 9.. JUarsiall, fPgents of the contracting house. Tn testimony whereof, we expedite these presents, nigned with our hands, and sealed with the seals of the Repubic, and countersigned by the Secretary of Statte and Despatclh for Fintncel (liven in the Sational Palace of 5Mexico, on the 25th of August, 18'24, the 4tb year of Independence, andl the 34 of Liberty. (Signed) NIC(OILAS BRAVO, VICINTE GUERRERO, A110131UEl DOAIINGUEZ, JOSE IGNACIO ESTEVA, Sec. forFinance." Article Ist, of the addlitional contract concluded with the agents of the house of Barclay, Herring, Richardson, and Co., of Lontlon. "The Commisnioners of the hou,cof B. A. 0oldschbmidt and Co., resident in this city, hrving circulated noticesv,which havegiven rise to some doubts as to theacceptance of billsi drawn by thist Govemment, (for the first loan contracted with that house In London, by the Consul-General of thils Repulilie, Don Franclso tie Borga hligoni) without the intervention of the said Comminsioners, that not being necessary or requisite by any of tIhe articles of the contract, and the payment and acceptance of the bills are therefore strictly obligatory. Neverthelefis, to prevent the consequences of the impression which mIght tints be produced in these states, and of any unexpected acci- dent In London, theAgents of the house of Barclay, Herring, Ri. chardson,and Co.,of tljat city, engaged to endorse the bills which the Governmea.t may think fit to draw, payable to its order, and upon Go(tldschnildt and Co., without requiring any Commission fromn the Government for this trarneaction."-Fromn tJe i1ericayt Co vrament NOT ICE. (From the Agailx;4trxfc.rirni.) "The Supreme Government of this Republic and Alessrs. B. A. Goltdschnidt, of London, having entered into no separate agreement of the nature of that mentioned in the ninth articleof the contract for the loan concluded in lIondon oti the 7th of February this year, by the said house and Don Franciso de Borga Migoni, the method stl. pulatedin artcle t;, 7, and T0, for payment of the instalments of the 8ame loan, shall be strictly ad hered to as the same may become due, and consequently NI5essrs. B. A. Goldclsmnidt are not bound to ac- cept, nor wvill they put their signature to that effect to any bill which hit Axcellency the Ministcrof Finnnce may draw, orniay have drawn, on the said house, an on account of the saidl instalments." MEXICO.