We propose a generalization of the formula that gives an integrable quantum
1D spin Hamiltonian with nearest-neighbour interactions as a logarithmic d
erivative of a vertex model transfer matrix in order to include in this sch
eme more realistic integrable models. We compute exactly this generalized f
ormula using the R matrix of the XXX model, obtaining the Majumdar-Ghosh Ha
miltonian plus a charge-like interaction term. We diagonalize this Hamilton
ian using the quantum inverse scattering method and present the Bethe ansat
z equations of the model.