In consequence of this costly government of so small a nation, a large foreign and domestic debt has been created, in addition to the liabilities of New Spain _prior_ to independence, which are calculated at nearly forty-two millions. In considering this interesting subject we have taken pains to obtain the best authorities from Mexico, and, from the reports of the ministers of finance, we reach the following results in regard to that republic's financial condition in the year 1850. Her foreign debt amounts to $58,889,487; her home-debt to $48,934,610; and her debt, prior to independence, to $41,983,096, making a total of pecuniary liabilities, with interest, to the 1st of July, 1849, of one hundred and forty-nine millions, eight hundred and seven thousand, one hundred and ninety-three dollars;--the annual interest on which, alone, amounts to nearly nine millions of dollars. Inasmuch as the clear _income_ of Mexico in 1849, was not calculated at more than five millions five hundred and forty thousand one hundred and twelve dollars, while the _expenses_ were rated at thirteen millions seven hundred and sixty-five thousand four hundred and thirty-five dollars, there would necessarily be an annual deficit, in the mere _current_ finances, of eight millions two hundred and twenty-five thousand three hundred and twenty-three dollars. This sum, added to the actual _interest_ on the national debt, shows the total yearly _deficit_ in Mexico, of seventeen millions two hundred and thirteen thousand seven hundred and fifty-four dollars;--a sum larger than the present yield of all the mints in the republic. This frightful picture of national finances is now absorbing the attention of the Mexican people and congress; and it is to be hoped that some wise plan may be devised to extricate the nation from ruin and that the government may be sufficiently strong and enduring to carry it into effect. ANALYSIS OF NATIONAL DEBT AND RESOURCES, 1850. 1st. THE FOREIGN DEBT. The foreign debt of Mexico, or the liability of the national treasury to citizens or subjects of other countries, according to the statement made and approved by the meeting of _bondholders_ in London on the 24th of June, 1846, was £10,241,650, or, in Mexican currency, at $5 the £, to $51,208,250 This capital, according to agreement with the bondholders, bears an annual interest of 5 per cent. from the 1st of July, 1846, which amounts yearly to $2,560,412, and, up to the 1st July, 1849,--to the sum of 7,681,237 ----------- Total foreign debt to 1st July, 1849, $58,889,487 2d. HOME DEBT. The debt, the liquidation of which is founded upon an assignment of 26 per cent. of the income from mercantile duties, amounts to $15,030,466