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394
MEXICO IN 1827.
| £. | s. | d. | |||
| It appears farther, that from this net produce of | 1,370,497 | : | 10 | : | 9 |
| We must deduct | 291,699 | : | 5 | : | 8 |
| ———— | — | — | — | — | |
| which the house of Barclay has not been able to make good, so that | 1,078,792 | : | 5 | : | 8 |
or 5,393,991 dollars, will be in reality, found to be the only portion of the second loan, that has been applied to the internal wants of Mexico, during the last three years.
Of the mode in which this has been expended, nothing certain can be known, until the accounts of the last two years are laid in detail before the Congress: much has been said of injudicious expenditure; and it is by no means improbable, that in this respect, a sudden command of money may have produced its usual effects; but some good has at all events been mingled with the evil. By the statements which Mr. Esteva has already published, it appears that a considerable part of the proceeds of the loans has been employed in the following manner.
| Dollars. | |
| Purchase of Tobacco and paper for Fabrica, with arrears due on preceding years | 1,616,256 |
| Old Credits paid | 439,287 |
| Arms, Shipping, Clothing for troops, &c. | 917,549 |
| Foreign Missions | 108,995 |
| Remittances to California, and for defence of frontiers | 400,000 |
| ———— | |
| In all | 3,482,087 |
