The Sun.
London, England, 1823-09-09 00:00:00

FOP. THE SUN.

COLOM KAN LOAN.
' M tt. EDlTOR—Eticouraged by the remarks made
by you on Saturday, respecting the above Loan, I am inclined
to•offer the following for the consideration of the holders of the
bonds issued by the late Mr. ZEA, anti shall be obliged by your
inserting it.
As far back as the month of December, 1821, it was made
known through the medium of the Press that Signor Gaul had
distinctly stated at Bogota Mat " Mr. Zea had no power
to rzegoelat: the loan, and that he was not the authorized
Agent of the Government:" This remark was overrultAl
by -statements made by the Contractors of the Loan,
and to convince the public that it would be recog.
nized, several statements were put forth as coming front
their Agent, with 'extracts of letters from General Soublette,
giving advice of Bills drawn on account of that Loan ;
the delusion was kept up, even until as late a period
as the lath of the last month, when a statement appeared
in the Times, signed " J. D. Powles," in which the Public were
told " that the time is near at hand when this truffle in false-
hood and misrepresentation will be at an end;" and that the
remarks of the Author of a Pamphlet, entitled. " The
Contractor Unmasked," is, in every material .particular,
'• UTTERLY rALsr" and " UNFOUNDED. Mr. Powles
concludes his advertisement by positively stating, in the
Most direct terms, " that the whole of the Columbian
Ministers had, by unanimous consent, decided on the recogni.
don of Mr. Zee's powers to raise a Loan." The decision of the
' Senatecompletely decides that Mr. Zea had no authority to
raise- a Loan ; so fur may the writer of the paragraph alluded to
congratulate himself on some PART of the false sTATESIENTS
[being brought to public view, and I agree with him, that the
time is not far distant when more will be known.
Under present circumstances, I would strongly recommend
to the holders of Colombian" Bonds, the • propriety (or the
necessity) of calling an immediate meeting, and request-
ing the Contractors to lay before them a statement of
theit accounts relative to the Loan in question, as well as
all Dail, ial correspondence on 'the subject, and also, to urge
the necessity of their paying into the Bank of England such
balance as they may have unappropriated, for the ultimate
benefit of the Bond 'Holders; tor such balance cannot be
considered in any other Way," thin their property, and ought
not be left as a fund on which speculative operations in Colom-
bian Roods MIGHT be carried on, and when that amount is
ascertained,.the unfortunate holders may know the chance they
have of receiving even one more dividend !'
If the Government of Colombia remain as inflexible as they
stated they were, very little hope can be offered of more than
a small part of the sum originally subscribed being returned ;
for they, in disavowing Mr. Zen's powers, decide that the sum
of nearloo,oool. Old 10 per Cent. Debentures (which forms a
large proportion of the 1130,0001. raked by`the Bonds now in
circulation,) will not be paid ; to which -add the ninnies paid
to Mr. Zes for private purposes; the expences attending the
Loan and various other Charges ; but they may be better eluci-
dated by an attentive discharge of • the duty imperiously im-
posed on those who not Onl7 call the Meeting, but who under-
take to press such questions as may be the means of procuring
the best information from the Contractors respecting the appro.
priation of the monies raised on the security-of Columbian
Bonds.

AMICUS.