The Sun.
London, England, 1846-05-19 00:00:00

THE MEXICAN LOANS.

RECENT ARRIVALS AT CHELTENHAM.—Lard Fuller-
ton and the Hon. Miss Fullerton, lion. George and Mrs. Irby ttu,;l_
l i
Miss Irby, Lady Arbuthnot, Sir T. and Lady Hesketh; Lady
'V 0' tit no
ns oenl , ColonelHa
rre
oßurns,lonel
MAloairroisr, aLnideur.!CssolßurnsCampbell,
MissCaamndl, rage.
Major
Macnamara, M.P., Captain Massingberd, R.N., and Mrs. V. Mos-
singberd, Captain and Miss Girdiestone, Captain Hammond, Captain
Herbert, Captain,Owens, Captain Pope, Captain Richardson, Dr.
Collings Robinson, Rev. T. 13. Adams, Rev. J. Brooks, Rev. .C.
and Mrs. Colton, Rev. C. Cummings, Rev. Mr. Foote, Rev. M.
Jackson, Rev. J. B. Monk, Rev. W. j. Smithwick and
Miss Smith'
wick, ; Rev. Skeflington Thompson, Major Eyre (73d Regiutenl)i
Lieut.-Colonel La Touche, Rev. Mr. Mereweather, Major-Gene'"
Sir Robert Cunliffe, Sir Edwyn and Lady Sctidamore Stanhope,
Sir John and Lady Mansell and family, Captain Collins, Captel
Vickers, Captain Guise, Rev. Mr. Peircy, Rev. Mr. Graham* Kam'
Mr. and Mrs. Suckling, Rev. Mr. Brooke, Rev. H. Blossome, 80.
RECENT ARRIVALS AT BATH.—Lady Carew stiu-
r,
Miss. Carew, lion. Grantley Berkeley, M.P., Sir William WhPrlF,',e,....
Sir John Banta, Baron de Roeoeck, Major and Mrs. Anderson,_-y_.
Stewart, Dr. Garrett Dillon, Dr. and Mrs. Brent, Rev.Nr. and Air',
Reeve, Rev. J. W. Middleton, Rev. Mr. Coates, the Countess
co_t,
Mount Edgcumbe and family, Admiral Aylmer, Major Makepea_e,,
Captain and Mrs. Sands, Captain Sands, Rev. Dr. Jackson, Mr. and
Mrs. Phippen Phillips, Colonel Barlow, Captain and Mrs. Ev_r_w.
Whish, Davis, and Chamberlains ; Captain and Mrs. ranter,
Mr. Browne, &c.
Mat
SOUTHAMPTON, MAY 18;—The Royal West India
Mail packet, the Dee, Captain Boxer, left this port to-day, at 3 r•Oroi%
with the West India and other mails, also twenty-one passengers,
and a full cargo of stores for the Company's ships abroad, and tw__,
boxes of dubloons, value 2,700/. The Oriental Company's steam
the the Pacha, Captain Evans, left the docks at noon for Gibraltar, with
the Peninsular and Mediterranean mails, a full cargc of bale 80°°s'
and twenty-four passengers.
A Fxx.—At Manchester, a man, in attempting to rob
a beer-house, got his head tinder the door, but found to his horror,
that he could not get his body in nor his head out.
lie remained ja
that situation until a policeman came to hhu.
There is a metallic substance in the British Museum Weighing fifteen cwt., which is said to have been a projection fret°
some planetary body.
DESTRUCTION OF MACHINERY.—CAUTION TO Mali
HANDS.—On Tuesday evening, between 200 and 300 workpeopls
the employ of Messrs. Mellors, cotton-spinners, of.
Ashton, were, I.ot
a intotimfer,agtlintreorts
ofo a utolfaregme tiplyoy.zheenel,t, consequent upon the breaking
attached to the steam-engineconnected with the extensive spinning.and weaving mill adjoining Old"
street. It appears that the accident occurred a short time previews
to the usual period of leaving work, and was caused by some of the
hands in the dressing-room suddenly stopping their machines, thws
causing the power to be taken off the engine, which, as a necessary
consequence, commenced working at a tremendous speed. S°l
idea may be formed of the velocity of the wheel, when we state that
it broke in two the strong iron entablature beam of the engine, t".
up the engine-house floor, broke through the second floor, and after-
wards forced its way through the roes of the building, • Most for!lt.
stately there are no rooms above the engine-house, as in some eats"
blishments, or there is little doubt but the accident would have 13:e=
attended with far more serious and perhaps fatal consequences. 74;
engineer, a man named John Holland, on hearing the engine g°'!
too fast, ran towards the engine-house, and just as he was entering
the doorway he was knocked down, but escaped without injury. '1
is impossible, at present, to ascertain the amount of damage dons-
The The workpeople, who were generally preparing for the Whitsuntide
holidays, will not be able to resume work till Monday week —tea".
Chester Courier.
CHESS.—The great match of two games, by corre-
spondence, between the Paris and Pesth clubs, terminated in faltr
of the Hungarians, commencing In September, 1842. some of the
most distinguished players of the day were engaged on either side,
and in the event of dispute the St. George's Club, London, was
have arbitrated.
Mr. WILLIAM SMITH O'BRlEN.—Yesterday a den:
'Litton from such of the inhabitants of Liverpool as sympathise with
the people of Ireland in their agitation for repeal, waited on 3'2:
William Smith O'Brien, and presented him with an address.
The
Hon. Member for Limerick, in replying to the deputation, Mesr;
Leviugston and Le Poer Trench, availed himself of the opportun'f,.
afforded him of defending the course he has pursued, and intimatto.
his intention to persevere in it.

91A
1% v
154%
33/4
453

12
114
.0
1444
JA
2

4%
6%
5%
53ii

morning, DEPARTUREathaIr-p a s OF Fn i
nTOH
o'clock,E
Brompton Barracks, en route for Gravesend, for embitirkatiol_,;39
6 5T
the
Eh e RgylanEitt E6N5Tth.--mlrecbSte..edr,...doaosta
board the ship Java, for New south Wales, its strength being "
men, including all ranks.
ELECTORS.—By a return recently pripitom
t Eritain, the
numbers being—England, 468,258 ; .Wales, 37.i;tmed from which it
that there are 553,432 persons on the register foir.-i;ed,ii.nidt is stated
48,082. In the sessios of 1844 a return V 7,903, and in 1842-43.
appears that in 1839-40 the number was
I..raer, who died in the above Wel"
941,782.
_yesterday afternoon an
t the Linden Hospital, en the
elnaßrE'slbitehru' last month the deceased Was
FATAL WAGGON ACCIDENT.—
8 of
body
yeostf was held hlleludnbteatogree,,d
tution on Friday last. On waggon, belonging to Dir. Francis Ire'riding on the fore laddner.?...ex.
jwh.'en the waggoner, who was at the head of 1110
The waggon had reached the Old
turned round and saw the deceased lying in
t:d,Heeeeased moan, and exclaim, "The Lord bal'o
inAh land,ober rbse: yy, ,
,o, f
ahter,,,l East,
nda Ham,i
itr,aggon and conveyed to the Poplar station-house, leg.
ee
immediately, and the dscea-ed was removed from under
roado upon
Ppi
di t h the near wheel of the waggon on his leg
the
by a surgeon, who advised his immediate removal htoeteWtha,,A::
hospital. Ms right leg was lacerated and contused. The deceased
lingered till Friday, when he died from exhaustion. verdict, " A--'
dental death."

O,otfhalattighinteerh. Charles-s. the Conote°
*
of
Craven the
On the:Bth ult., at Vienna, Mrs. Margaret Crompton,
of a son.
On the 9th inst., at Collingwood, Hawkhurst, the lady pr Sir John
Herschel, Bart., of a daughter.
On the 16th inst., at West Mailing, Mrs. Edward rude', of a
daughter.
•
On the 16th inst., at Wilton-place, Beigrave-square, the lad,' of
William Edmu Pole, Esq., of a daughter. On the 16th ins., at Wyndham-place, Bryanston-square, the Wife
of G. W. Blackburne, Esq., of a son.
P•
On the 17th inst., in Torrington-square, the wife of Thomas Archibald, Esq., of a son.
On the 17th inst., at Upper Woburn-place, the wife of David
Roper, Esq., of a son.
;jun., of a daughter.
On the 17thinst., at Rutiand-gate, Hyde-park, the lady of Frederla
Pratt Barlow, Esq
On the 18th inst., at Clapton, Mrs. Walter Yenning, of a son.

MARRIED.
On the 16th inst., at the Belgian Catholic Chapel, St. George'''.
fields, Ernest, second son of the late Alexander Scott, Esq., of Beau-
mont-street, Portland-place, to Eliza Maria, widow of the late 13 •
G. Hodges, Esq.

DIED.
• On._the 12th inst., at Swansea, Margaretta Elizabeth, eldest
daughter of J. Jackson Trice, Esq.
On the 14th ,of_March, at Mukteel, India, Lieutenant George
Wines Ommaney, 33d Madras Native Infantry, aged 27.
On the 2d inst., at Winton Rouse, near Charmouth, Dorsetshire,
Betty Bose, relict of the late T. R. Drewe, Esq., aged 88,
On the 11th inst., at Derby, John Herbert Blackburn, Esq.
On the 14th inst., at Sunning-hill, Berkshire, Mrs. Churchill.
On the 15th inst., at Bishopsteignton, Devon, A. Gordon, Esq.
On the 15th inst., Jane Isabella, third daughter of Dr. Conner,
Battersea.
,On the 15th inst., at Blagdon, near Taunton, Philip Sehalcb,
late of the Royal Artillery.
On the 15th inst., at Little Missenden, Henrietta, Lady Sykes,
eldest daughter of 11. Villabois, Esq.
On tile 14;th inst., Mr. Forrest, of Cork-street, St. J =lees.

London: Printed and Published by 114.1311D0 YOUNG, of No. 112,
Strand, Printer, at The Sun Office, N 0.112, Strand, in the precinct
19
9E, Pe WM% in the COW/ et MAlitaes; 1119141170 X°l IE4
•

The meeting of Mexican bondholders, which for some time
past has been looked forward to with so much interest, took
place yesterday, and was very fully attended.
Mr. G. R. Robinsonl was in the chair.
The CHAIRMAN said he had had the gratification of being
proposed to the chair on several former occasions, but never
did he feel so much responsibility as at present, when a nevr
proposition was to be brought forward involving an amount
equal to ten millions sterling. Among many holders of
Mexican stock there were rich holders, but at the same time
there were very many poorer creditors, whose regular receipt
of the dividends was a matter of vast importance to them.
Let. therefore, the discussions upon the proposals be calm
and considerate, as hundreds of persons not present were
awaiting the result of the day's proceedings with intense
anxiety. As Chairman of the Committee of Spanish Ame-
rican Bondholders, on the present occasion he would give no
opinion as to the policy of the general plan being acceded to. ,
The debenture holders had a right to advance their claim.
After all parties had been heard, he (the Chairman) would
express an individual opinion as to the first terms offered.
In dealing with this very difficult question he could not help
thinking of the sacrifices already made, and of the danger
that, having been deceived before, they would be deceived
again.—(Elear, hear.) Then the question is, are the
Mexican authorities able to do what they promise. The
bondholders knew what had been promised.- They knew
that the promises had led to disappointment- The Mexi-
cans are insolvent, and, under present circumstances, they'
could not, looking to self-Security, act up to former arrange-
ments. Since the first terms were proposed, he (the Chair-
man) had received masses of letters, to which he was unable
individually to reply, upon this most important subject. The
Mexican Government had domestic difficulties; the re-
public had had to maintain a contest with Texas, to main-
tain a standing army, and, next, to enter on a contest with
the,,United States, an army of the latter country having
already passed the frontier.—(Hear, hear.) The chairman
then referred to the proposed plan (the details of which
have already been made public), and urged the Active as well
as the Deferred bondholder to look to the terms offered,
and to see if each party would not be benefited by them.
In 1847 the Deferred Bonds ought to become Active, but
the Government say they cannot pay the interest on the
Active as well as that on the Deferred. Therefore, as the
Republic could not perform their promise, the question well,
whether the terms new proposed should not be' accepted,
as the revenues hypothecated to pay the Active and De-
ferred Debt (as originally proposed) with the 6 per cent.
promised on the exports of specie, was included with the
well-known promise of a certain amount of the receipt of
the duties on imports received at Tampico and Vera Cruz'
In reply to questions, it was said that the 20 per cent. on
duties on Vera Cruz and Tampico was delegated to the
Active Stock, not to the Debenture holders. Messrs.
Schneider and Co. had just sent a communication to him (the
Chairman) the effect of which was, that the Debenture
holders would be•better off by accepting the terms offered.
There would the tobacco duty? to constitute the funds out
of which thediisitlends would be paid, "and those duties were
paid into the hands of their own receivers, and not to be
touched by the officers of the Mexican Government. Ac
cording to the Messrs. Schneider, if the_plan was not ac-
ceded to, it would be 1851 before the Debenture holders
would receive any interest This was the opinion of Mr-
Murphy, the Finance Minister of the republic here, in which
also the Messrs. Schneider, the agents, apparently concur.
It comes, then, to this—which is the hest course to take ?
We cannot look into futurity. Look to the unstable posi-
tion of the Ministry in Mexico. Looking to all these con-
tingencies, it would be for the bondholders generally to con-
sider what course should be pursued. Before he sat down he
would state what the envoy here (Mr. Murphy) had stated,
that if any surplus should exist from the tobacco duties, it
would go to a fund for the Debenture holders.
Mr. WALEY repudiated the whole transaction. The Com-
hadhrrh.itsh.ersromvbteneant,: Cdoennsieerdvathtiavte
tbhoed
mittee had sanctioned the fresh proposal. The Committee
had
of Spanish
American bondholders had sanctioned the plan.
Mr. WAbEY continued—The real object of the Mexican-
Government was to put their hands into the pockets of John
Bull for 2,000,0001. more in stock. The scheme was an in-
famous one.—(Loud cheers.) He concluded by proposing,
that the meeting be adjourned sine die.
Mr. LEVEY had for years admired the consistency of the
chairman, but now really he was sorry for the position 111
which Mr. Robinson had placed himself. But still, if the
Government of Mexico could not pay, let the bondholder
and the debenture holder both put their shoulder to the
wheel and make the sacrifice required.—(Cheers.)
A holder suggested that the new project should be re-
jected. In bankruptcy, all bona fide creditors were placed on
the same footing.
The CnsaßmAN explained that his belief was that the Go-
vernment thought the whole of the holders of the Active were
also the only holders of the Deferred Bonds.
Mr. J. D. POWLES denied that the present plan was
known to the Committee till within a few hours before it was
communicated to the public.
The CHAIRMAN said the only question before the meeting
was, that the adjournment of the meeting sine die should
take place. He denied that the Committee had made all
improper use of the information. He defied any one to come
forward with a specific charge, and then the.. Committee
would be able to meet it.—(Loud cheers.) The motion for
adjournment sine die would be tantamount to a ?rejection of
the proposition.—( Hear, hear.) The Committee, therefore,
would take no further interest in the matter, except to in
form Messrs. Schneider that the plan had been rejected.
(Cheers.)
The discussion was continued for a short time, and it wog
ultimately resolved, by a large majority, and with acclama-
tion, that the meeting be adjourned sine die, thanks having
first been voted to the Chairman.