The Sun.
London, England, 1825-03-17 00:00:00

public enterprise, and multiplying the sources of
public wealth.

[THE TIMES.]
The report of a Spanish loan is again rife upon
the market ! We shall deal with this matter
briefly. What would be said of any British
merchant who should profess to accommodate a
notorious swindler with money, and then issue
the notes of that swindler as negotiable paper ?
Why, it would be said that the whole was a
Fauntleroy-transaction, planned and executed
for the purpose of plundering the unwary.—
Again, what would any honest man reply to a
notoriously insolvent person, by whom he should
be asked to advance a sum of money, and
to accept and put off to others the bills
of the insolvent as an indemnification ? Why,
the honest man would reply, " Bankrupt, pay
thy debts, or produce thy certificate."—
A bankruptcy more complete than that of
Spain never existed : and, be it observed, it
is not the hills of the Cortes alone which have
been dishonoured ; the interest on the Dutch
debt—on the loan raised for Spain by Holland,
and when Ferdinand was King Supreme—is-as
much unpaid as on the loan advanced to the
Cortes: so that a loan raised for Ferdinand is
evidently fraudulent. What effrontery then,
in the Princely beggar, to tender new proposals,
with the infamy of these frauds branded on his
forehead ! And what more than effrontery would
it be, in any one who should abet the knavery !
Notices have been issued, we find, to the
claimants on Spain under the commission sitting
for that purpose, to get the amount duly verified
with as much expedition as possible. We see the
object of this affected bustle ; but, however ur-
gent the Spanish Commissioners may be to ascer-
tain the amount to which they are liable, we still
suspect that if the liquidation of these claims is
to depend upon the conclusion of the loan from
England, that liquidation will never take place.

[MORNING POST.]
Private letters have been received from Deme-
rara of the 26th January, which mention cir-
cumstances of rather an alarming nature. It
appears that a few nights prior to the above
date, all the houses occupied by the Govern-
ment negroes beyond Camp House had been
destroyed by fire, and that there was every
reason to believe the destruction had been effect-
ed by incendiaries. It is rather a curious coin-
cidence that the evening of the conflagration
was the anniversary of the proclamation of Mar-
tial Law in the Colony. In addition to the above
alarming intelligence, information had reached
the Governor that about one hundred of the
negroes of Plantation Kitty had been discovered
armed with cutlasses, and it was therefore feared
some plot was organising. This information had
caused the Governor to dispatch a party of the
27th Regiment to that district. Business at
Demerara was tolerably brisk, but the above
events had excited considerable uneasiness.

The business in both Houses last night was
unimportant, In the Commons Colonel Trench
brought in his Bill for erecting a Quay along the
North Bank of the Thames, and had it read a
first time. Mr. Green then moved the second
reading of the Pasco Peruvian Mine Company
Bill, which brought down a violent phillipic
from Mr. Hohhouse against the Projectors of the
undertaking, and a total denial of its presenting
any chances of success. He moved that the Bill
be read a second time that day six months; but
the House, after hearing Mr. F. Buxton and Mr.
T. Wilson in favour of the measure, rejected the
amendment, and gave a second reading to the

[MORNING HERALD.]
The second reading of the Pasco Peruvian
, Mining Company Bill, again brought a thronged
attendance to the gallery ; and though no ',nisi-
, ness of public importance was on the orders,
there was a considerable number, of Members
present. Mr. Hobhouse opposed the Bill at great
length, contending, that as it was the first !nea-
sure brought before the House of a, series of
stock-jobbing and gambling speculations, the
House ought to resist it, and thereby show an opi-
nion against all such pernicious schemes. He gave
a history of former efforts to work the mines, and
the language held forth to work up the market.
To get two steam engines from the port to the
mountains, 3,000 mules and 4,000 Indians had
been required. However, it was said there were
360 mines possessed by the present Company,
granted by au expatriated Patriot and a runaway
Royalist ; whereas, according to the official re.
turns, there were only 99 worked and un worked
mines in Pasco and the neighbouring district.
Every shaft was called a mine ; and in a pro-
spectus it was declared, that when the mines
could be worked, there would be " torrents'' of
silver pvoduced. Mr. H. said that a Bill was not
necessary to enable the Company to proceed ; it
could only be useful in raising the shares on the
Stock Exchange. The more honest course to pursue
would be, to do as Mr. J. Smith undertook toact
regarding the Mexican mines—to send out agents
to ascertain the accuracy of the representations.
Mr. F. Buxton supported the Bill, declaring that
Mr. llobhouse's statements were founded on de-
signed misinformation with which that Hon.
Member had been furnished by interested parties ;
and Mr. 13. added, that a Mr. Dubois had de-
clared to the Company that he was the author
of the statements that had gone forth against
the speculation, and that he (Mr. Dubois) had
then offered to let the truth be known, if the
Company would make him a present of twenty
shares. Mr. Btixtitu said that the Company
rejected the offer, and that within the last two
days Mr. Dubois ' had offered for ten or five
shares to suspend his hostility, and the Honoura-
ble Member undertook to prove all these facts
Hbefore a Committee. lie further stated, on the
'authority of a letter from Sir Robert Wilson's
son, Aide-de-Camp to Bolivar, that so plentiful
is silver, that the " meanest utensils" of the pea-
sants are made of it ; but the %%Aker 'further
'mentioned, that the difficulty of forwarding uiy
such article's' to this country would render ex-
changes to procure them profitless transactions.