The Sun.
London, England, 1824-05-14 00:00:00

COLUMBIAN LOAN-1824.

The following Documents, relative to this
Loan, have been forwarded to the Columbian
Government. They fully substantiate all that
has bee►l said i►l TILE Sus as to the manner in
which the transaction was conducted.

The Petition of FRANCTI IlAter, A wrzul ilatf.Y., and
Isaac Lynx COLDSKID' of the City of London, Gentle-
men, to the CONGRESS of Corxmuta.
Your petitioners, relying on the justice and integrity of the
representatives of the Columbian nation, venture to approach
your Honourable House with a statement of some circumstances
connected with the negociation of the Loan recently contracted in
England for the Republic of Columbia, which, tbr the honour
of your nation, demand an immediate and minute inquiry.
Your petitioners were competitors for that loan, on behalf of
themselves and some of the principal merchants and bankers
in the City of London ; anti, bearing in mind the unfor-
tunate disputes which had Occurred in carrying into effect
the former loan contracted by N. Zca, they endeavoured
to impress on Messrs. Montayo and A rrubla (the agents for
the present loan) the policy of obviating every suspicion of
any undue and unfair advantage to may of the parties ; and
with that view suggested to the said agents the propriety of their
receiving all the tenders front the several parties, at one and the
same time, and of opening them immediately in the presence
of all the parties interested therein : similar to the plan univer-
sally adopted by the English Government on such occasions,—
Messrs. Montayo and Arrubla, however, insisted on treating
privately with each Competitor, and thereby weakened that
confidence which ought to exist between the contracting parties,
in such financial operations.
The result has been, as your petitioners are informed and be-
lieve, and as will more fully appear in the annexed affidavit to
which your petitioners beg leave to refer your Honourable
House, that the contract was arranged and agreed to, prior to
the time proposed by the agents for the receipt of the respective
tenders : contrary to the good faith which ought always to be
preserved on such occasions.
Your petitioners are also informed and believe, that the terms
originally proposed by the Colombian agents, as stated in the
annexed affidavit, have been since altered, aad rendered
more favourable to the actual contractors, without any equi
valent advantage• to the Government of Colombia : and in
particular that the first dividend is agreed to be paid in July
next, instead of October, as originally proposed : and that
the payments of the instalments have been rendered more
favourable to the present contractors. All which is to the mani-
fest injury of your petitioners, who were thereby deprived of
the opportunity of a fair competition for the loan, on a basis so
different from the one originally proposed, anti derogatory to the
honour and character of the ColimMian nation.
Your petitioners, however, relying on the good faith of the
Columbian Government, and being assured that they would not
sanction any measures adopted by their agitate, that may tend
to commit or to compromise the honour of the nation, humbly
request that an inquiry may be made into all the circumstances
connected with the negociations relative to the said loan ; and
particularly into the mode in which the contract has been car-
ried into effect, as well as to the price which has been actually
given for the same. And if it shall appear that any undue and
unfair partiality has been shown by the Columbian agents, or
that the rights and interests of your Petitioners have been
sacrificed by them, that such redress may be granted as your
Honourable House may think fit.
And your Petitioners, as in duty bound, will ever pray.
(Signed) FRANCIS 11A I.Y.
A RT If UR BA I IN.
London, April 22, 1824. ISAAC L. GOLDSMID.