The Sun.
London, England, 1834-08-21 00:00:00

SPANISH BONDS.

This morning a very numerous Meeting of Spanish Bond-
holders took place at the City of London Tavern.
Mr. WEEDING having been called to the Chair, stated that
this meeting had been convened in consequence of a recent
project of the Spanish Minister of Finance, whose intention
was to divide the foreign debt into two equal parts, the one to
be active, and the other to be passive. Now, that would be a
most unjust proceeding towards the English creditors, upon
whose bonds the interest at present due amounted to .521. per
share, nothing having been paid these ten years. It was the
duty of the English creditor to take some measures for his
protection; he lent the money to assist Spain in establishing
a constitutional Government, and though the affair had hitherto
been unfortunate, he hoped that the day of retribution
was now come, and that Spain would suffer no stain
to remain upon her justice and honour.—( Hear.) He con-
cluded by reading a string of resolutions, drawn up by a Com-
mittee appointed by a former meeting of Spanish bond-holders.
These resolutions expressed the surprise of the meeting attlie
project of law which had been submitted by the Spanish Mi-
nister of Finance to the Spanish Chamber, and at the fact.
that for ten years the English creditor had not received
a farthing interest, while other foreign creditors had been duly
paid. The resolutions also proposed a memorial to the Queen
of Spain, which represented the facts of the case, and
prayed her Majesty to adopt immediate measures to discharge
the claims of the English creditors. It was proposed that
Lord Palmerston be applied to, to permit the memorial to be
presented through the English Ambassador at Madrid. A
vote of thanks to the Gentlemen of the Stock Exchange, and
the public press, was also embodied in the resolutions of the
Committee.

On the proposal that these resolutions be adopted,
Mr. THORNTON took the liberty of complaining of the con-
duct of Lord Palmerston, who had promised to interfere on
behalf of the English creditor, but had not fulfilled that pro-
mise. The resources of Spain were immense ; she had fifty
millions of monastic property, and if she wanted time he was
sure no bond-holder would object to wait a year, or even two
He hoped the memorial would have the desired effect.
years. He
ROBINSON suggested as an amendment that the interest
of the full amount of the bonds ought to be demanded in the
memorial, to prevent the possibility of a moiety being offered.
Several Gentlemen considered such a proposition as very
imprudent.
The CHAIRMAN in putting the amendment said it was cal-
culated to insult the high-spirited Spaniard, because it would
imply that he was capable of deliberately proposing a compro-
mise of the national honour.---( Hear. )
Mr. ROBINSON, for the sake of unanimity, withdrew his
amendment.
The resolutions and memorial to the Queen Regent were
then unanimously agreed to.
Mr. RICARDO thought if the law was already passed, which
might be the case, these proceedings would be both inconve-
nient and useless.
Mr. EASTHOPE would ask the gentleman if the law was not
passed, and they remained neutral, would not that imply their
acquiescence in the project ?—( Hear, hear._) He complained
not of the proposition to divide the debt into two parts,
active and passive, but what be complained of was
the project of putting all arrears into the passive debt ; in fact,
he could not believe that the intelligence and honour of the
Cortes would suffer .such a law to pass. Everybody knew that
the
Englishman would meet a loss liberally, but any at-
tempt to deprive him of his just claim he would resist, and declare
his intention to abide by principle, and to be judged by prin-
ciple alone.
Mr. C. BAILEY proposed a vote of thanks to the committe e
for their active and useful services.
The motion having been seconded, was adopted unanimously.
A vote of thanks to Lord Palmerston and his Majesty's Mi-
nisters, for their services to the bondholders was also agreed tc.
Thanks were then voted to the Chairman, and the meeting
adjourned.

Mademoiselle Taglioni, who is quite recovered from
the attack of cholera Which she experienced in London, has
returned to Paris.

LONDON AND BIRMINGHAM " RAILWAY
COMPANY.-(THIS DAY.)

This morning a half yearly general meeting of this Company
was held at the City of London Tavern.
ISAAC SOLLY, Esq., having been called to the chair, con-
gratulated the proprietors on the favourable prospect of suc-
cess which the undertaking presented.
The report stated that the works were progressing rapidly,
and that 48 miles of ground had been laid out and finished.
The whole length of the intended railway would be 1111
miles ; the breadth of way on embankment and viaducts, 28
feet ; for double line of railway, width of five feet each, 10
feet, with a space of six feet between the lines. The greatest
depth of the cuttings would be 55 feet, and the greatest height
of embankments and viaducts would be 45 feet. The esti-
mate of the cost was 2,500,0001. 89 shares were declared to
be forfeited. Six new Directors were elected, and thanks
having been voted to the chairman, the meeting adjourned.