The Sun.
London, England, 1855-11-08 00:00:00

JEW GRENADA DEBT.

The following letter has been addressed to a contem-
porary :
Sir,--Your approval. I hear
in your last number, elicited
general a report of the commit-
Sir,--Your admirable remarks on the above subject,
that at No. 1, St. Swithin'tela, your attention is ape,
tee is now out, and g gratis.
tdoetc
elis to the course the committee
the letters
on Monday next. Mr.
The New Grenada Go.
of Lord Clarendon, which,
aed bondholders ratans
IcillielYarr,eacitue€qstaeidte
to his retaining his
vernment oppose
__ohy,
then, are the bondholders to
709,000 dollars. IN
M'lntosh is to keep
_ha
difficultybonds
000 dollars which the •
back the 907, committee have,
give
account I The bondholders
hold on their would do
and "Divide and distribute " the sum, paltry,
well to "Y
truly paltry, as I't is, compared to the gignatic claim of
the duped creditors. Messrs. Baring are employed in
this dirty business, and no house in London better
knows how shamefully the holders of South American
Bonds are treated. Their own contract with Buenos
Ayres is a sad illustration. A loan to Buenos Ayres, in
1824, at 85 is worth now about 55, with, or including,
only 1501. per cent. more overdue for about 26 years' of
unpaid interest. The position in which Baring and Co.
are placed, as honourable men, it is needless to mention.
This affair of New Grenada, however, is one quite with-
out parallel, as your able correspondent will discover on
inquiry. It is, in short, a " bill paid," and money
wanted to be refunded! This is my apology for again
directing your attention to it. At page 42 of Reportt
Lord Clarendon's letter is a settler of the case ; and if
the committee of bondholders give up to Baring and CO.,
or give back the said bonds to Montoya, Sacres, an
Co., there is an end to Lord Clarendon's advocacyread;
interference in future. His lordship would
abasoluto
consider committee and bondholders a parcel of
dolts, after procuring them the bonds,
al:lde for your
I remain, Mr. Editor, with sincere R'7,ably ill-treated
able advocacy of the rights of that i e
amudse2orewere lent
class (whose millions-2U 000,0001.
&nee and prosperity)
to South America for their indepen
Bonds.—Your obe•
A.rn
—viz., holders of Spanish e .'lcan
and
dient servant, a constant reader,
ONE OE THE DIJINS.
City, Nov. 2.
___...•••••............1111..

cLun.—A club, it will be seen by au
another column, is about to be est*.
appellation. The objects in view are
nt
blished under
eorLE:iie
we trust the scheme will .t.-
mee en
ae there is no deubt it will be, and that
adTvegrEtisermz
t and energy—with every
encouragemen
with judgment
from the public.
so
illayn. di
launched—as htehdal
it becoming known at 'Madrid. that Espartero was
about to dispose of his house at Lagrono, the munici-
pality of Valladolid set on foot a project for erect-
ing a palace by subscription, to be presented to the
distinguished General as a testimony of the national
esteem. Espartero, however, upon becoming av(&re of
the movement, addressed a letter to ono of its orig.iFt:
tors, stating That he fully appreciated the motives
te val!!_if
had dictated. it, but that he had some to the
.d,
tion not to accept the honour intended for I.?ifF_ ;ova;
that as the wants were few he was resolved
Sor them by his own exertions