Romero to The Citizen Treasurer General of the Nation, February 6, 1868

No. 3.

Department of Treasury and Public Credit.–Section 2.

Although article 1 of the law of the 30th of November, 1867, provided that the auctions for the redemption of the interior debt of the nation should commence in the month of March proximo, the citizen President, desiring that the same shall commence even before the date fixed, in order to manifest in this manner his desire to pay the creditors of the treasury as early as possible, has been pleased to direct that the first of these auctions shall take place on the 12th instant, to which shall be assigned the sum of ten thousand dollars, and in which shall be received only certificates of an amount less than one thousand dollars, of those issued by the liquidating bureau of the national floating debt, in conformity with the provisions of article 16 of the law of the 19th of November, 1867.

The President also desires that, on the 10th instant, there shall take place the first auction for the redemption of the bonds of the extinguished English and Spanish conventions, to which the communication of this department of the 1st instant refers, assigning for this auction a fund of $90,000, including the $73,000 and a little over, which exist in the hands of the late agents of said bonds.

You will take care that this fund of $90,000 shall be divided between the bonds called Spanish and English, in proportion to the amount represented by the total of each one of those two classes of bonds.

In this way there will be applied in the present month $100,000 to the redemption of the public debt, and the President expects that in the subsequent months there can be applied to this object an equal or a greater sum.