The Sun.
London, England, 1824-02-20 00:00:00

ORDERS OF THE DAY FOR THIS DAY.

1. Usury Laws Repeal Bill—Committee.
2. Judges in Wales Bill—Second Reading.
3. Supply—Committee.
4. Ways and Means—Committee.
5. Reciprocity of Duties Bill—Committee.
6. Law Courts (Ireland) Bill—Report.
7. Exchequer Bills (Xl5,000,000) Bill—Committee.
O. Transfer of Aids Bill—Committee.
NOTICES OF MOTIONS FOR THIS DAY.
1. Lord Viscount Palmerston—Army Estimates. (In Com-
mittee of Supply.)
2. Sir George Clerk—Navy Estimates. (In Committee of
•

Supply.)
3. Mr. Curwen—Copy of Memorial concerning the absence of
the Attorney-General from the Isle of Mann ; also, Patent
of his appointment.
4. Mr. Hothouse—Copy of any Letter which may have been
issued during the last year by the Board of Taxes to the
several Surveyors in England, ordering a general Survey
of Houses and, Taxes.
5. Mr. Berries—Copy of Treasury Letter and Minute regard-
ing surcharge of House Tax.
NOTICES GIVEN YESTERDAY.
Tuesday, Feb. 24.
Sir Henry Parnell—Papers concerning Commercial Inter-
course between Great Britain and Ireland.
Wednesday, Feb. 25.

Sir George Clerk—Bill to isielblish equality in Weights and
Measures.

Wednesday, March 3.
Mr. George Lamb—Bill for allowing persons prosecuted for
Felony to defend by Counsel. (Deferred from Feb. 20.)
PRIVATE BILLS—SECOND READINGS for This DAY.
Female Orphans' Asylum.
Last Day for receiving Petitions for Private Bills.

ADVERTISEMENT.
SPANISH AND COLOMBIAN BONDS.
A WARNING TO THE PUPLIC.

T has been a misfortune, in the numerous dis-
I
cussions upon the subject of COLOMBIAN BONDS,
that, with certain exceptions, more attention has been ap-
parently paid to the display of party or interested feelings,
than to any desire q eliciting the truth, or of affording a
rational view of the li'lestion. Whilst I freely admit that lam
no fri62d to-the proceedings of those individuals whose irregu-
larities have led to the continual agitatioaof the public mind,
on a subject which affects the interests of so many families and
persons, and now declare my intention of freely canvassing
those proceedings,-1 equally avow my resolution, not to ad-
vance as a fact any one point which is not capable of the most
substantial proof, —tor to offer an opinion which does not rest,
according to my judgment, on such bases as shall bring it with-
in the limits of reason and rationality, either as a natural de-
duction from premises, or as the result of a comparison with cases
on which the public seem to entertain but little diversity of
opinion . On this latter principle it is that I determine to pre-
sent a view of the question in its several bearings ; pertly in
'Juxta-position with the corresponding facts in the case of The
Spanish Bonds—and partly by contrasting.the language- and
acts of the persons calling themselves Contractors for the Co
lombian Loan, with those of the Colombian Government. I

know that the conclusions to which this course will lead, are
little likely to be agreeable, either to the individuals call-
ing themselves Contractors, or to those, and many there
are, who have submitted to be. the willing victims of a
delusion, as popular it has been hitherto successfully m ain-
tained, by means which appear likely, however, shortly to ter-
minate, in leaving the principal actors but little ground of self-
congratulation or satisfactory retrospect; and as little chance
on the one side, it is to be hoped, of either much longer keep-
ing up the delusion, as, it is to be feared, there will be on the
other side, of its victims being compensated for the injury al-
ready sustained, or the ruin which impends over them. To
find a parallel for this most extraordinary proceeding, will re-
quire a reference to the annals of the early period of the last
century. The South Sea Bubble and its ruinous consequences
are matters of historical record. In the 3d volume of Ander-
son's History of Commerce, Anne 1720, will be found matter
deserving of serious attention at this moment. However un.
gracious the task, it is still consistent with justice and right
that the veil should be removed, and the question of Colombian
Bonds fairly exposed to view ; although the result may be,
the exhibition of a picture, of which the leading features are
excessive deformity, and credulity unparalleled since the period
above named. _

In order that the character of my communication may not
be misunderstood, I do not follow the hackened practice of call-
ing it disinterested correspondence; but paying for its inset.-
don, with the title of " ADVERTISEMENT," I call it what
I mean it to be,--." A warning to. the Public"—an attempt at
opening the eyes of the deluded, and putting the unwary on
their guard. It is historical,—..tmbracing the transactions of a
considerable period of time, and is consequently, and necessarily,
of great length. _ _

SPANISH BONDS.
The or.i*in of this part of
the Spanisa debt was under
circumstances which created a

COLOMBIAN BONDS.
In like manner the origin of
the debt of Colombia to indi-
viduals of this country was un-
der circumstances of extreme
pressure ; when their struggle
for independence, then of
doubtful character, rendered
it impossible for them to ob-
tain the supplies indispen-
sably necessary for the continu-
ance of their efforts, other-
wise than on conditions of great
disadvamtge. Supplies were,
however, furnished, and doubt-
less on disadvantageous terms,
to the then Federation of Ve-
nezuela, long previous to its
union with New Granada in
July 1821, from which time it
bears the present title of Colom-
bia.

_
necessity for means being ob-
tained, on the most eligibly
terms, that the monied interest
might be disposed to offer
with a heavy debt and dimi-
nished resources, recently e-

merged from one tremendous
struggle with an external ene-
my, and engaged in a less ex-
tensive, but equally exhaust-
ing, becau gel n tern a, conflict—
the conflict of civil war—terms

were dictated, extremely one-
rous, and the supply of money
was but partially serviceable to
the Spanish Government, from
the rate at which it was furnish-
ed, and the conditions with
which it was clogged. Thit
was in 1020, when the Consti.
tution had already been some
months in practice, with the
King at the head of the Go,
vernment, after swearing to
that Constitution—whether by
force, or otherwise, it is not
necessary here to inquire.
It will be seen, then, that the circumstances of the two coup.
tries, with respect to their wants, and the origin of their debts
were not very dissiinilar : how far, in the manner and propor
florin in which their supplies were raised, and in many other
respects, there was any resemblance, except as to a most singu-
lar coincidence in many of the dates, will be seen from the
following comparison, chiefly taken from Official Docu-
ments :
The first Spanish Loan of The first Colombian Debt
November 1820 was raised un- arose out of supplies furnished
der a formal Decree of the Spa. by individuals to the then Re-
nish Government, consisting of public of Venezuela, as private
the King and the Cortes. Speculation. In November
1820, Mr. Zea, having been
appointed Envoy to England,
" created" Debentures, with-
out authority, for accounts not
liquidated or agreed .with the
Colombian Governt.
In May 1821 the first Divi- In May 1821 the first Divi-
dend on the Spanish Bonds of lend on Mr. Zea's Debentures
November 1820 became due, of November 1820 became due
and was punctually paid. and was not paid ; and he re-
tired to Francs.
In November 1821 the se- In November 1821 another
cond Dividend on Spanish Dividend became due on. Mr.
Bonds was paid ; and on the Zea's Debentures, and, like the
22d of that month, a Contract former, remained unpaid. On
was signed in Madrid, under the 27th of that month Mr.
the authority of the Govern- Zea- (having received notice
ment, for a new Loan on per. that the Debentures would not
petualßentes,including among be ratified) sent a communica-
other articles, a stipulation to tion to the soi-disant " Coin-
take, in part payment of the mittee of Creditors," —alias
new Loan, the Bonds of 1820, " Agents for the Colombian
at a fixed price. Republic,"--alias " Contrac-
tors for the Loan,"—which
made them fully acquainted
with his total want of powers
for such objects as raising mo-
ney, either by Depentures or
by Loan.
lur the early part of 1822 In March 1822, certain pa-
the value of Spanish Bonds pers called Powers, (which it
and Rentes remained pretty is presumed were not in being
stationary; subject only to the in November 1821, according
fluctuations incidental to the to Mr. Zea's communications
varied character of the struggle above referred to) all at once
between thetwocontendingpar- sprung into existence; and
ties in Spain ; and on the let of upon these powers or papers,
May in that year another divi- (whether fabrications or not
(lend was paid on the debt. will now be shortly determin-
ed) a loan was raised for two
millions stifling; and it is a singular circumstance, that the old
Debentures, which, from the non-payment of interest, and the
non-ratification of Principal, had, cluing the preceeding nine
or twelve months, fallen almost to nothing, rapidly disappeared
from the market, being bought up chiefly at prices varying
from 9 to 25 or 30 per cent., and having reached par, it was
found convenient to fund three quarters of a million sterling of
them in the New Loan, at 100 and upwards.
In June 1822, the overn; In June 1822, the Vice Pre-
ment of Spain adopted the sident of the olombian Re-
Report of the Finance Corn- public, published a proclama-
mittee, and decreed a further tion, stating that it had " come
Loan for the service of the to the knowledge of the Re-
State. public of Colombia, that cer-
tain individuals, resident in
Europe, assume to themselves the title of Agents to the said
Republic, and under that imposture, contract obligations in its
name, which in some measure compromise the honour and
public faith of the State;" and to inform persons of the defec-
tive authority under which those persons have acted, and to
prevent "-such scandalous abuses," " the Governing Council
having deliberated, has resolved to declare ;" Ist. " No per-
son, either citizen of Colombia or Foreigner, is at present au-
thorized in Europe to make engagements, contract loans, or in
any way to bind the Government of Colombia to the fulfilment
of any compact, convention, or obligation whatever."
" 2dly. The Honourable Francisco Antonio Zea, resident in
Paris, is only authorized to interfere in the political affairs spe-
cially under his charge, according to his instructions."
44 3dly. No contract, convention, or engagement shall he con-
• bidered obligatory on the Government of Colombia, unless it

shall be, or has been, preceded by the express authority of the
said Government."
__ _

(Dated) " Palace of Bogota, June Ist, 1822.
(Signed) " FRANCISCO DE PAULO- SANTANDER,
Vice-President.
(Countersigned) " PEDRO ()UAL, Minister for Foreign
Affairs."

On the 7th of July, 1822, On the 7th of July, 1822,
the insurrecti,m at Madrid the abovementioned proclama-
took place ; but left the question of Santander was publish-
tion of Loans in the same state ed in The Gazette of Colombia.
as before.
In October, 1822, the Loan In October,lB22, the above-
decreed in June preceding was mentioned proclamation was
brought out in London, and received in London, and Co-
the price went up very consi- lombian Bonds fell above 30
derably. • per cent. within a month.
Thus far the faets,, with respect to the Debts of Spain and
Colombia have admitted of a frequent and close contrast ; with
an extraordinary coincidence in the dates of the greater number
of cases, a coincidence that might •have been shewn even down
to October last. The fluctuations that have taken place in the
Bonds of Spain, from October, 1822, to the same period in
1823, though numerous and considerable, have arisen chiefly
out of the events,connected with the invasion of that country
by. the French : the only material public . documents referring
to the subject, being the famous private letter of 31 r. Erro,
Finance Minister of the short-lived. Regency in Madrid, ad-
dressed to a Paris banking-house, in May or June last, declar-
ing that all the Constitutional Loans would be annulled; and
the secret article tacked to the conditions of the no-less-famous
proposed Loan of Guebhard, in August, to the 'same purport.
The Decree of October last, issued by the King of Spain at
Port St. Mary's, it will always be remembered, was a General
Declaration, annulling all the acts of the Constitutional Go-
vernment, from March, 1820, to the date of the publication of
the Decree ; but in no way then, nor since, in any official do-
cument, have the Loans been specifically named, much less
formally annulled. After making these short observations on
the Debt of Spain, I shall continue my comparative view, not
under the heads of Spain and Colombia; but under those of
the Acts and Declarations, of the persons calling themselves
Contractors for the Colombian Loan, their Agents, and
Friends, 'as contrasted with the Acts, Declarations, and De-
crees of the Colombian Government.

Acts and Declarations of the Acts, Declarations, and De
Persons calling themselves trees, of the Colombian Go•
Contractors for the Colom- vernment.

bian Loan, their Agents, &c.
On the 11th January, 1823, That there was not any law
a Meeting was held at the City in Colombia authorising the
of London Tavern, convened Loan ; and supported that de-
by the persons calling them- aeration by giving them a
selves Contractors; at which copy of the Colombian Code
Meeting all the assertions they of Laws; which Code of Laws
had previously made, with re- clearly proves, that the pre-
spect to the pretended powers— tended
.power under which the
the manner of conducting the Loan is said to have been
pretended Loan—paying off raised, would, of itself, have
the " created" Debentures, been a direct violation of the
&c. &c., which constitute the Laws of the Republic ; the
grounds of objection and an- parties, whose names appear
nullation by the Colombian to that paper, not being corn-
Government, were boldly rev- petent, under the Constitution,
terated. But at this Meeting to confer or delegate any such
the soi-disant Contractors did authority. This fact is dis-
not relate what, but five days tinctly consistent with an im-
before the Meeting, Mr. Re- portant anterior Document—
venga, the present Minister of namely, a Letter written on
Colombia, had communicated the 29th September, 1822, by
to them, and which he con- Don Pedro Gual, Minister for
firmed on the day succeeding Foreign Affairs, addressed to
the Meeting, and again three Mr. Zea, in which he
Octoberss,—
days afterwards. This corn- " In date of lbth last
munication was to the sub- year (1821), I had the honour
joined effect, via. of transmitting you from Cu-
cuta, in original and dupli-
cats, the accompanying revocation of all the powers entrusted
to you by the Government of Colombia; and expressed
at the same time, its wishes that you should return forthwith
to this "The Government of Colombia has observ-
edrcising
with. your diplomatic functions ; and,
French and English newspapers, that you
have
vecontinued country"ithee
what is even worse than all, have made use of powers which
you never had, and which it never was the intention of the Go-
vernment that you should have. Most extraordinary is it, in-
deed, that you should have ventured to contract fresh engage-
ments in the name of this country, without its knowledge—
wrihe
ro t t
sanction—and in direct opposition to its
existing laws of the Republic, and to what was
to ahticommunicated to you by Messrs. Mendez and Echevarria, as
to the revocation of your powers, stated in letters of mine, re-
ceived in Paris. You, Sir, shall answer to the nation for your
conduct ; and this Government, as in duty bound, will pro-
claim it to the world, in order to save its responsibility, and
protect its reputation."
On the 21st of April, 1823, On the 17th April, 1823, the
Mr. Jones, the agent of the Secretary of State for Foreign
persons calling themselves con- Affairs, made a Report to
tractors, and the partner of one Congress, in which are the
of them, or of one of his following words, extracted
brothers, arrived at Bogota.— from a published translation
This Gentleman, it may be of that Report :—" If we give
presumed, is the individual re- credit to what has been repeat-
ferred to at the above-mention- edly written us from London,
ed meeting, as the "confiders- we must admit, that the in-
tial person dispatched to the considerate operations of Mr.
seat of the Colombian Go- Zea, both in political and finan-
vernment, carrying with him cial matters, have essentially
the original Contract ;"-e-. conduced to embarrass and
from whose exertions " they perplex. We have already
" strongly anticipated a proper noticed his circular note, which,
settlement of the matter." In from its style, and the manner
a letter written by this Gen- in which it was addressed, was
tleman to his employers on the certainly seen and received in
19th May, he tells them that many quarters with extreme
a Committee had been ap. displeasure. His financial
pointed by the Government for transactions were, however,
the purpose of receiving the ac- still more arbitrary, and desti-
counts and documents of which tote of every reason which
he was the bearer, and making could induce the Executive to
a Report to the Congress there- approve of them, even taking
on. 'With this Committee he them on the ground of expe-
(Mr. Jones) had held two diency alone; but as we have
Meetings on the 13th and 17th to treat of this affair separately,
May, and he entertained no we shall refrain from further
doubt that the recognition of observations here, having
the Contract for the Lean by touched on them merely in
the Congress of Colombia consequence of the connection
would be the result." Mr. they bear to subjects of diplo-
Jones further states, "that the maey."
whole of the Ministers had, b
-Y In a message from the
unanimous consent, decided on Executive to the Congress,
the recognition of Mr. Zea's communicated on the same
powers to raise the Loan I !" day (17th April) language to
This, and much other matter, the same effect's used. In the
was contained in a note of the month of May that examine-
persons calling themselves tion of the question was going
. Contractors, dated 28 July, forward, (at the moment that
1823, which was posted at the Mr. Jones was writing what is
Stock Exchange, and publish- placed opposite to this,) which
ed in the Newspapers. terminated in the passing of the
Law hereafter given.
' On the 12th August 1823, a On the 30th Aug. 1823, the
letter was addressed to the Jamaica packet brought the
Times Newspaper, signed Decree of the House of Repre-
" J. D. Powles," which 'pro- sentatives of Colombia, dated
fessed to notice a Pamphlet the 9th June, pesitiiely an-
that had appeared the preced- nulling the Loan, and declar-
ing day, entitled " The Con- ing their liability and dctermi-
tractor unmasked." In Mr. nation to pay only the amount
Powles's letter are the follow- actually furnished "in money
ing expressions respecting that and effects." The preamble of
Pamphlet. " The time is so this Decree sets out, that, " in
near at hand when this traffic consideration that the deceased
in falsehood and misrepresen- Ex-Minister Plenipotentiary,
gallon will be at an end" ( I ) Francisco Antonio Zee, attri-
that I considerit only necessary buted to himself facilities that
to state, that the whole of this were not confided to him in his
authentic information,' given powers and instructions, and
by this anonymous writer, has thereby misapplying certain
never before been published,' documents which were deli.
because it is, in every material vered to him in the City of St.
particular, false and unfound- Thomas de Angostura' signed
ed." Again, " I " (Mr. by the President of the Repub.
Powles) " affirm in the most lie, and countersigned by the
direct terms that time whole of Minister of Foreign Affairs, at
the Colombian. Ministers have, that period Mr. Joseph Rafael
by unanimous consent, decided Reven;ea, under date of the
on the recognition qf Mr. Zea's 24th December 1819, for the
powers to raise the Loan ! ! sole purpose of facilitating the
On the 30th August, when diplomatic negociatione, with
the packet arrived, bringing which he was charged in En-
the Decree referred to in the rope :" The preamble then
subjoined paragraph, the per- proceeds to slew, that his
sons calling themselves con- powers, &c. ceased to subsist
tractors sent a communication from the 14th October 1821
to the stock Exchange, stating (as stated in a preceding arti-
that letters had been received cle) and terminates with the
by Mr. Jones, dated Bogota, Decree:-
19th June, containing what is " Art. 1. The Congress dis-
stated opposite. On this no- approves the Loan concluded
Lice being made public, the in Paris, on the 13th March
price of Colombian Bonds fell 1822, by the deceased Ex-Mi.
from 68 to 44, being 24 per nister lrancisco Antonio Zea,
. cent, in 24 hours. This, it and declare null all that he has
will be perceived, occurred 18 done relative to the affair, both

days after the publication of in the substance of the Can'
the foregoing letter from Mr. tract, and in all its clauses..
Powles to the Times Paper, " Art. 2. Notwithstanding,
upon which it is too good a . (nevertheless), the Debt
in-
commentory to render further curred by this act is recognized
observation necessary. and that which was contracted
• prior to the Ist of August,
1820, as
,far as the sum which shall be proved to have bee°
furnished for the Republic in money and effects."
The remaining articles provide for the mode of payment
of " the amount of the sum which may be liquidated (in-
vestigated) and approved."
(Signed) " DOMINGO CAYCEDO, President 01
thejlouse of Representatives.
I __

" Bogota, June 13, 1823." .
On the lfith Septeniber 1823, a Meeting' was called at the
City of London Tavern, 'for, the purpose of considering
.thg
position bf the Bondholders ; and among other Resolutiong,
submitted to the Meeting, it was proposed that a sum or
222,892/., being a remnant of the money drawn from the Public
'by the persons calling themselves Contractors for the Loan, l°
exchange for the sheets of paper which they call (or miscall)
Bonds of the Colombian Republic,—which sum of 292,8921 g
by their own admission, then remained in their hands,—should
be deposited in the Bank of England in the names of Trustees,
such Trustees to be the four Members of Parliament for 00
City of London. This reasonable proposition was met on the
rationthatthey (the soi-disant Contractors) had no account with
the Bondholders, nor would they account to them at all ; and
they refused to invest the money in the way required, or in woi
other way, for the security, as far as that small proportion
went, of those from whom the large sum of, at least, one mi
lion six hundred thousand pounds had been obtained. Whe-
ther it be, that it is found more convenient to employ the whole
of the subscribers' money, still in their possession, in gambling'
in the Bonds, is a point which it might be less difficult to en-
swer, than it would, be to determine, whether the final result of
all these speculations will leave any part of these funds to 136
divided or apportioned at all, either to the subscribers or to
whomsoever it may justly belong. The question will, per'naps,
shortly be set at rest—as it is understood that a Gentleman sill°
holds a very large amount of them, which he has had iron'
their first issue, at a price above 80, has determined, under tb'
advice of eminent Counsel, to proceed legally against the per-
sons to whom be paid his money ;—butswhether he will pro-
ceed by Action of Troyer, for the recovery of the amount paid,
or by another process, to which persons seeking redress for
money obtained from them upon false pretences are usually
obliged to resort, is not yet determined. But to proceed with
the comparison :
On the Ist of Oct. 1823, an- If we look to the Decree of
other packet arrived from Ja- the Senate of the 30th June,
maica, bringing accounts from brought by this packet arriv-
Bogota, to the 19th July, with ins on the let October, it will
a Decree of the Senate, (the be found, that the Preamble.'
superior branch of the Isegis- repeats the accusation, that sit
lature of Colombia,) of the the negociations were conduct'
30th of June, confirming the ed by Mr. Zea here, without
Decree of Annullation passed authority, that his powers had
by the House of Representa- been revoked by the Act of
Lives on the 9th of the "same Union of Venezuela and New
month. The persons calling Granada, and concludes with
themselves Contractors, had articles annulling the Los":
also Letters from Mr. Jones', but engaging for the payinet
their Agent at Bogota, to the of whatever had been furnish'
19th July, in which he told ed in money and effects. Vl°
them that' he had addressed a articles are in language to 1".
Letter on the 7th July to the same purport as those contain'
Vice-President, General San- ed in the Decree of the lower
tender, as the Executive House above quoted. The
Power, stating " that certain language of the Preamble de'
indirect rumours ! had led serves to be given from its el;
him to fear that the Resolu-- plicitness. It states " tit
tion adopted in this business the Ex-Minister 'Lea, not only
by the Congress might not sa- contracted in Europe a LO4ll
tisfy the hopes of the persons of Two Millions of Pound.
interested." To this he re- Sterling, in the name of tits
ceived an answer, dated 18th Republic, but has also reed,l
duly, from the Minister of Fi- ed, distributed, and expena,c
nance, stating, "that the Exe- the greater part of it on n"'
cutive Power would adjust the own authority, taking ',17
business to the satisfaction of prior accounts without due "'
the Contractors, and with ho- quidation, and subsequent one°
nour to the Republic." which he himself has coarse;
ed, by operations enormorigli,,l
gs
toe:ctaech,diesdnaSitite.tyiarotenpes
st;;ttoloasof
abnd g:oy,
yt
vihni;ecrwra,
_re appru.no,
acknowledgments,pg.
eiyh.
ae igratuitous,
. capitals,fo rgnat
tiim :mar nuaedi
vis
0":
revenues that did not belong. to the Republic, as the ars_
or i:bri tus'
he precious metals which. may be coined in Colt:mil%
evenopeuxatrotrt the
exorbitant att
of which scarcely 3 per cent. accrue tooth:: Republic; andtsh;
short, admitting, as proportions, the obligations or debentiV,
„-
which the same Mr. Zea had given to the creditors of the Prj
public, in virtue of the act concluded in London, on the is
August, 1820, without their respective accounts having ,
legally authorized and liquidated, independent of other oblle",,
lions which he has put into circulation in the same arbitorp
manner, without having duly requested, waited for, or Ow fle
tamed, the indispensable approbation of similar transactioniV
" That on the 12th day of July, 1821, the two province°
New Granada and Venezuela being united in one nationbody, under the denomination of the Republic of Colu;'
his, by a solemn act of its legitimate Representativw
assembled to sanction this new political Association, anl. all
fundamental institutions; by the said Act the faculties of is
its former functionaries and public agents ceased, apd,„
consequence, the powers granted, under date of the 24th
cember, 1819" (this means the real, and not the supPosid.j s:
bricated powers, bearing that date),_" in the city of AnB°l,,
tura; in favour of the er-Minister Zea, also ceased ; not 0112 r,
disailed him from continuing, in virtue of the same, the
td
plomatic operation: to which his instructions were conP.ol
but principally restraining him from entering into finan',4e
negotiations for which he thought fit subsequently to aloes
said powers, although already apprized of the important alter oi
tion, as he quotes the new laws in the Bonds which he itesth
the 13th March, 1822." This last line, written on the Sw v
June, and received on the Ist October in London, stands well
beside an observation of Mr. Powles's 15 days before. At
Meeting, on the 16th September, that Gentleman, in his wEtt
logics .for the acts connected with this affair, said, '`he
no notice of the Constitution was given to Mr. Zea."---sss-`
Government Decree says, that he, and of course the petl„ r,
calling themselves Contractors, had notice of it ; since " nbe
Zen) quotes the new laws in the Bonds which he issued
13th of March, 1822." Either the Constitution and new 100,11
are so quoted, or they are not. If they are, need one wine
more be said on this part of the subject. There is one P°
more which should not be overlooked. On the very daY„i,
which Mr. Jones wrote his letter of alarm to the Vice rr_i`to
dent (7th July), the Decrees of the two Legislative
101 0
137,4,
were finally sanctioned by the said Vice-President, as the P;11
cutive and promulgated as a law of the Republic. r r of
of July seems to be an ominous sort of day. On the 7thdees
July, 1822, was published the first proclamation of Santa," tee
declaring that there was no authority to raise a Loan, ands ses
" certain indirect rumours" which so much alarmed Mr. Jo
on the 7th July, 1823, resolved themselves into nothing Ito
or less than the final sanction of a law, on that day, absolur
annulling the Loan.
On the 3lst October, 1823, The perusal of Mr. J0134' s.
a packet from Jamaica arrived, letter of the 9th August,. 1":17,.
bringing a letter from Mr. gents more than one consi"
Jones, dated 9th August, an tion. How happens it thst.,;of
extract from which was sent, letter written by the preceine,
as usual, to the Stock Ex- packet, dated 19th I,St
change. The following is the should have contained
extract in question :—" On matter, which, he says, P"174,,,,
the 30th of June, "I" (Mr. between himself and the Ivy
, Jones) " ib"ceived a note from vernment on the /th and s
, General Santander, requesting July, and that this roosril'istr
my attendance at the Palace portant communication, Iv er
at 2 o'clock. I accordingly took place some weeks pal ly
waited upon him at that hour, the latter date, should b‘
and was informed that the pun- have been transmitted it
pose for which I was summon- • succeeding packet ? isSlicses
ed was, to acquaint me, that is singular that all tileee ass
the Congress had conferred full sotatory remarks of tile
powers to the Executive, to' vernment should be made
tint'
arrange the affairs of Mr. Zea's the, very day on whi°"•isif
Loan, and that he proposed, were passing Decrees, g` volt
in consequence, to recognize the direct contradiction Ng
, the 20 per Gene. Discount.— such statement of Mr-Pfitttre)
the Interest and the Commis. On this very day, (30th,;',ceee
sion—that is to say, all the did the Senate pass the -I's the
leading stipulations of the Con- annulling the Loan, in
rite,
tract. That it only remained same manner as the E%ersu sad
for the Contractors to prove on the 7th July, ratified force
that the money had been paid sanctioned, and gave the
Teo,
by them for the Republic; to of law to those very Decrall•
Mr. Zea's order. To the jus- as shewn in the last par°, g;O4
tics of this, I, of course, most However, some alt°,7sar
readily assented and' assured must be made for the rte
him that you were quite as de- which " certain
sirous to place this point be- moues" had caused in his
yond a question, as himself." which might have cirive"beed
To this was added a postscript, trifling matter out of his a self
explaining that the expression from the 19th July to o{
of 20 per Cent. Discount, " re- August. There is one Pstssa'
ferred to the Contract price of this real or supposed cooraest,
the Loan, which was 80 per tion with the Vice-Press fie
Cent." which seems very natuf .t of
tells Mr. Jones, " Thtd Mt!
s '
remained for the Contractors to prove that the money The,
paid by them, for the Republic, to Mr. Zea's order. AOO
is to say—" We, the Colombian Government, understood