The Sun.
London, England, 1823-12-30 00:00:00

THEY HETtF,DY DO DECHEE,

'" Art. I. The compromises made with creditors, loans con-
chided, and all other financial operations carried into effect in
Europe by the Ex-blipister, Francisco Antonio Zea, are hereby
dittappmved.
" Art. 2. Nevertheless,- all the amounts which the creditors
can legally prove to have been furnished for the Rupublie, in
money and effects, together with their respective interests, ate
aektiowledged.
" Art. 3. For their settlement the executive power is hereby
fully authorized, so as to be able to do the same in the 'manner
they may think most expedient.
." Art. 4. The executive power is hereby in like manner au-
therized to approve and ratify, themselves, or through the
medium of such person or persons to whom for this purpese
they may delegate their powers, the result of the said Hectic-
Meat, so that they may cull in the obligations, bonds, or
Jut in circulation by the deceased Franeireo Antonio keit, anti
tome such as they may deem neceosary as far as the amount
settled and approved of, which said bonds are to be signed by
the President of the Republic, or the person exercising the Exe-
cutive Power, or by the person by him duly authorised,
so as to receive these new obligations or bonds as numerical'
amounts in any other loan that may he decreed; and, finally,
in.oider that they May name arbitrators, or friendly and con-
ciliatory referees, in the care or cases of any disputes arising
with the creditors, whether in the territory of Columbia, or in
any other country of Europe.
"'" Art. I. 'file aforesaid Executive Power shall be authorized
to agree AS to the term for the paying oil of the amount which
may be thus settled, as to the mortgages, by which the demands
are to be secured, and as to the manner in which the interest is
to bp. paid, until the consolidation of the national debt has
Weft completed, in which the Congress are engaged.
" Art. O. Finally, the Executive Power is hereby authorised
to remove all.difficulties which may occur in the execution of
tikpreeent decree. •
'"Done In Bogota, capital of the Republic, this Ist day of
Jul 14f22, and lath of Inds dente.—(Signed)'
jERONIM 0 TORRES, Vice.Presittont of the. Senate. .
DOMINGO CAEUEDO, President of tin:Hong) of
Repreaentatives.
" ANTONIO JOSE CARO, Secretary. of the Senate.
, JOSE JOAQUIN SOARES, Deputy and Secretary.
s E'alace of ;Government in Bogota, this7thday of July, 1322.
Let.the se ito he executed.
(fiigned) '',FRANCISCO DE P. SANTANDER.
" JOSE MAR IA DE 'CASTELLO, Secre-
tary of State for the Finance Department.
11.13.—1 n deliberately .considering this 'affair, it is easy, to
coneeive the difficulties and obstacles which the Executive
Power necessarily will have to experience in terminating it in a
manner most advantagettus to the Republic, and without pride-
dice to the parties concerned. The President of the Commis-
, sion for the liquidation of claims, established in this Capital,
ftas shown, mathernatieally, in a note to the Government, the
irregularity and injustice with which the deceiised Zea acknow..
led red debts, sonic of' them dubious, others false, and others
agitin settled' in Guayana. The Executive Power endeavoured
In a friendly menner, in this capital, to compromise the part
relating to the loan of. March, 1f322; but no one was mind
having. sufficient power* for this purpose. The Executive
Power have meditated deeplY on the means of carrying.into
effect the preceding , decree to the satisfaction of those inte-
rested in thitelanan, and without great detriment to Colombia ;
this ; they have offered, and this they Will perform, in order
that the history of our independence and freedom may never
have to record in its valuable annals the fact, that Colombians
evailtd themselves of resources for which they retnaed to ay
on those, conilitiaw which necessity and the war compelled
tlietri to Stipulate. If the deeree of thirty millions of dollen,
decreed .by the Congress, is carried into effect, as appears pro-
bableolin financial affairs- of the Republic will entirely chenge
their charactcr, and the old as well as new creditors will be
lest exposed to injurl:m, douhtie uncerteintiesi. Colombia,
Withollt war, is eaptible of satisfying a much greater debt.