The Sun.
London, England, 1855-09-01 00:00:00

THE SPANISH BONDHOLDERS.

The holders of the Spanish coupon-certificates
will read with interest the subjoined letter ad-
dressed by Mr. Otway, the acting British represen-
tative at Madrid, to Messrs. Weisweiller and Bauer,
the agents of the committee of Spanish bondhold-
ers, whose exertions, we are glad to see, are being
steadily continued :

" MADRID, July 9, 1855.--Gentlemen,--I think it
right to send you herewith copy of a note which, in con-
sequence of instructions received from the Earl of Cla-
rendon, her Majesty's Principal Secretary of State for
Foreign Affairs, I addressed on the 30th ult. to General
Zavala, requesting to be made acquainted, for the infer.
mation of my Government, with the powerful reasons
which had induced her Catholic Majesty's Government
to assent to the rejection of the petition of the bondhold-
ers to the Cortes. General Zavala, as you will observe in
his reply, copy of which I enclose, informs me that my
weisweiller and BaufierntalSniacdiarild."
communication has been referred to the Minister of Fi-
nance. I may here mention, that having heard that Mr.
Drucker was endeavouring to obtain from Senor Bruil
a settlement of the Dutch claims, or more lostespecl
those connected with the Denda, Diferida of 1831, I
no time in seeing his Excellency, and told him
retest
were were the case, I considered it to be my duty t
against any arrangement or projects, however
to the Spanish Government,
being
enteere
British bond-
did not include the just claims of th
harshly treated.
holders, who had been hitherto so
to state, gave the
Senor Bruil, I have the sati,eaction diievolnwrbaibelks
ra that he would never
most formal and p
enter into any a-rroasintgiveemaesnstus
and properly included
foreign creditors were not fairly
to
be, gentlemen,
and considered.—l have the honour
itr:cwchich the claims of all
your most obedient, humble servant, " L. C. °TWAY.
Signed)
to the Spanish Minister of Finance,
'ThMeeslsertsier referred to by Mr.. Otway, as ad.
dressed by him
will
is annexed. The bondholders regard with sa_
tisfaction the plain language in Which the British
the
Government acopy
delinquen-
cies of
,g MADRID, June 30, I.Bss.—Sir,—_Lard Bowden did
o f tsefani
Senor
trti
oi
Lis representative
ut
State
stidreegia:
at—l:st
own
the
note
thee
Et
ofhr 2 8 t h
May,
no
noteth e
vtherennelxetnrtemate
tshuerprreiiseeetainend
rtoei whichnoneed:onreceived
il
and i s a
dl
toirdetsshhsaiepta, conformity with instruc-
eirniect from the Eainrl roefplyClta:
to his Excellency, expressing
a.labsotv, eimhaenvteiopneedivb
eßfritthiseh
pGe
toi:
ti in of the British bondholderye. In consequence of the
iolfenSeehnrortLe usztuarteiagtea Mayoyfe2uBrthExe
el.
lency, in the name of her Britannic Majesty's Govern.
ment, that they will be much obliged if your Excel.
lency will make known to them what were the
powerful reasons which induced the government of
her Catholic Majesty to assent to the rejection of the
petition of the bondholders to the Cortes. If it can
be asserted that money was not lent to Spain in
her hour of need, or that such loans have not been
acknowledged, or, having been acknowledged, the bond-
holders have been daly paid the interest, then the peti-
tion for justice of the bondholders to the representatives
of the Spanish nation would properly have been rejected;
but as the contrary of all this was the case, her Briton.
nic Majesty's Government are at a loss to conceive why
the sanction and authority of the government should
have been given to a proceeding which is a fresh jujus.
tice to British subjects, and a fresh injury to the credit
of Spain.—l avail myself, &c.,
(Signed) "L. C. Onus:
"Ilia Excialeney tienor Don Jun de alai?' 4E,:;
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