The Sun.
London, England, 1850-12-24 00:00:00

MEXICAN BONDHOLDERS

Yesterday a meeting of Mexican bondholders was
held at the London Tavern, for the purpose of consi-
dering a proposition from the Executive Government
of the Mexican Republic flr the adjustment of their
foreign debt. There was a numerous attendance of
, bondholders. Baron Lionel Goldsmid occupied the
chair. The advertisement calling the meeting having
been read,
The CHAIRMAN said the proposition of the Mexican
Government would certainly entail heavy sacrifices
upon the bondholders; but it was for them toconsider
whether they had any hopes of obtaining better terms,
and whether or not they would accept the preseet
offer. Trusting to. the honour of the Mexican Go-
vernment, and hoping that they would do justice to
the confidence reposed in them, the committee now
recommended the bondholders to , accept the terms
proposed.

- Mr. J. CArm, then read the retort of the comtni"-
tte, sotti►lg forih the decree of the .Mkxican Govern
-
client for the settlement of i s forcign debt, and recom-
mending the bondholders to close with the Mexican
Goren-An:flea overtures.

The CHAIRMAN said he had now to submit to the
bondholders a series of resolutions which the commit-
tee t'retreelves had adopted,. end which were framed
for the purpose of carrying out the. views recom-
mended by the committee's report ; and in doing FO
tee tle,upht it but justice to the committee in state
that, although he hsd been accustemed to meet fre.
queetly in committees, he had ntver seen a body of
gcntlemfit who se zealously devoted themselves to the
utmost to promote the of ject which the meeting was
so anxious to tv.t!lin as diii the committee of Mexican
boodholdere.— (Hear, hear.) Throughout their deli-
borstious there hod been the mese perfect unanimity
emorg thetr, the only species of collision that bad
ever occurred being their rivalry as to who should
strive the most to accomplish their common perpoae.
The resolutions were then read. The first was
merely for the adoption of the committee's report ; the
scond embodied the acceptance by the meeting of
the terms offered by the decree of the Mexican Execu-
tive Government, promulgating the Act of Cengress
of that state, dated the 14:b of October last, and tu-
thoxised the committee to make the necessary arrange-
ments to complete the settlement on the conditions
proposed by the stlid decree. The third resolution
trusted that, in consideration of the generous sacri-
fices of the bondholders, the earliest opportunity would
be teken by the Mexican Government to grant s
modification of the second article of the decree, so as
to confine the reduction of the rate of interest to a
period of yearn, and not to enact it in perpetuity. The
succeeding resolutions were merely for the purpose of
formally carry log out the foregoing.
Mr. BEACON wished to ask the chairman what se-
curity the bondholders would have if the Mexican
Government did not perform their engagement?
The CHAIRMAN said he knew of none ; but they
le lie.l on the good faith of the Mexican Government
not to recede from its engagement.
Mr. Bsecox did not see, then, what advantage the
proposed arrangement would give.
The CHAIRMAN said if the Mexican Government
should fail to keep their word, at all events the
bondholders would have gained a share of the money
now in hand.

Mr. D. ROBERTSON thought the bondholders ought
to take care how they patted with their 5 per cent.
boods; otherwise, if tho Government of Mexico
failed to perform its engagement., the bondholders
would hive nothing to full back Upon.
Mr. RICHMOND (4 member of the Committee)
said, that if any lache.occurrtd on the ran of the
Mexican Government, it would co no injury to the
boodholdera, because then they would revert to their
original positioa.—(bear, hear.) But ho had no fear
that the M-xic?n Government would fail in their en-
gagements. The army, which had been the main
cause of the intestine divisions that had long dis-
turbed that coui.try, was now reduced to a mere
police establithtnent of 10,000 men ; and a new era
of prosperity was dawning upon the commerce of
the republic.
Thl; whole of the resolutions were agreed to, with
but owe or two dissentient voices; and, ; fter voting
thanks to Lord Pahusraton, for the support his
Lordship bas invariably given to the interests of the
bondharre, and also to Baron Goldainid, for his
conduct in the chair, the meeting broke up.

RAILWAY INTELLIGENCE.
sourn WALES.

Active preparations are l.eing made for tbo exten-
sion of the South Wales line, westward from Swan-
tee. The contracts are being let, and it is under-
stood tlmt the portion lying between Swansea and
Loughor has been taken. There is a formidable
ot'stacle to the rapid formation of this part in the
form of a tunnel 1,000 yards in length, and the time
cf opening to Carmarthen will depend upon the ra-
pidity wi:h which this tunnel i 3 carried on. The
chairtmn of the company, Mr. C. It. M. Talbot, has
addrev.ed the following letter to Mr. A. B. Starbuck,
of Milton), in antwer to a memorial forwarded from
that town, praying that the haven may be selected as
the terminus of the railway :

" Margam, Gllmorganshire, Dee. 1850.

" Sir,—l beg t acknowledge -the receipt of the me-
morial which eccempanied your 'utter, and which I have
commuaiccted to the hoard cf the South Wnles Railway.
I have no doubt whatever that Afilicrd Haven is the
finest Insibnir in great Brit dr, a•td I tinecrely wish the
Sjuth Wales nailway Company may havo funds tufli-
eject to reach it as their terminus.

" I am, Sir, yours obediently,
" A. B. Stirbuck, Eiq." " C. U. M. TALBOT.
Dir. Talbot has recently visited Cardiff for the pur-
pose of inspecting the docks and shipping, with a iew
(~f (lc ciding upon a plan for connecting tho Taff Vale
and Smith Wales Railways either by a branch or a
junction from the later line.

DIRECT WEST• END AND CROYDON.—On Saturday
there was a meeting of the parties before his Honour
Master Tinney for the declaration of a call of 751.
per share on the mernters of the provisional commit-
tee. The financial statement of Mr. Holland, the
official manager, required under the Ant, bet forth that
the debts and claims likely to be anmitted amounted
to 1,520/., and those disputed or likely to be rejected
to 3,8501. There were 37 names fixed on the list of
contributories, 21 having paid, but 1G having paid no
mercy, crtd the object of the call of 751. each was to
equalz.~ the payments previously made with the call
now sought to be made, from which a sum of 6001.
was likely to be produced. The ( fficial manager
dot not say whether a further small call will be re-
quired, but, ehould such be the case, he thinks it can-
not exceed 201.

DIRECT BIBMINGUAM, OXFORD) Al, 33 READING.--
Yc:terday his Honour Master Brougham fixed the
payment of the exit of 2L 6.1. per share payable
on the 15th oflanuary. His Honour then proceeded
to review the cases of the following provisional corn-
mit teenmn :—Messrs. J. B. BILL khead, W. H. Cooper,
W. Ilunter, J. Oulons, S. E. Siebell, and. J. Thorn.
The terms of the letter of acceptance being vague his
Honour, in Mr. Baokhend's case, struck his name off
the list. The other parties were re-settled on the
list, it being intimated that there was nothing to dis-

tinguixh their cases from that of Upfill. Notice of
appeal was given against the finding of the Master,
and it was arranged that pending the appal the call
at regards them should b t.usnendtd.

SUDDEN DEATH AT POUTSMODIII.—For many
years past the visitors at the Quebec Hotel, Portsmouth,
must have noticed a hard-working, industrious watcrman, of
the name of Rex—his boat was always ready, always neatly
kept, and he always attentive and obliging. No weather
daunted him—where a boat could live there was he ready to
go. It appears that during the heavy weather that pre-
vailed last week, poor Rex was hired by the captain of the
Mary B:snnatyne to proc• ed to Spithead. He had a hard
pull against wind and tide; and on his return, 3ast as he had
rcache.l Point, he was observed to fall back, and on assist-
ance being procured it was found that he was lifeless. Ha

has ltft, tiniertunately, a widow and four children perfectly
destitute. The cause of his death was doubtless attribut-
able to the- rupture of a blood-vessel, and induced by the
violent exertion he had undergone in working his boat
withtut any extra assistance.

REGULATIONS OF THE LOST-OFFICE ON CHRIST-
ItIAS-DAY.—To-morrow being Christ Mas-day notice was is-
sued yesterday at the Chief Money Order-office, Aldersgate,
that it will be closed on Wednesday either for the payment
or granting of orders. Also the. various money order offices
throughout the metropolis and vicinity. There will be no
delivery of letters in town or within the London.district after
twelve o'clock at ncon. The boxes at the receiving-houses
and at the General Post-office will remain open, until the
usual time for letters and newspapers to the country, France,
Belgium, &c. At the Stamp-c ffice, Excise, Customs (an
officer will be in attendance for the facility of passengers
arriving by the steamers from abroad), and all the public
departments at the west end, the Bank of England, S ock
and Royal Exchange, Lloyd's, South Sea-heuse, East
India-house, the docks, banking-houses, &c., it will be kept
as a close holiday, and at the different police offices, courts of
law, &c. .

THE • BISHOP OF LONDON AND AIR' BENNETT.—
Under this head, we last week stated that information had
reached us from a quarter on Is hich we could rely, that,
startling as the announcement might seem, matters were,
alter all, in a fair way of being made up between Mr.
Bennett and the Bishop of London. We are now in a posi-
tion to vends for the accuracy of our information. Will it
be believed—could any one have deemed it possible, after all
that has taken place, that Charles James has agreed to allow
Mr. Bennett to remain in his two churches, and to practise
all his other Popish ceremonies, on the c,ndition, that he
shall content to snuff out the candles on the altar, instead of
having them lighted? We assure our readers that this is no
joke. The 6nk
ject, irdeed, is much too serious ler jocularity.
It appea s that the sole matter of controversy in the latter
stages of this business, between the Bishop and sir.
Benbuett turned on the question of the candles. Oa that
alone depended the fact of Mr. Bennett's remaining in the
Church, or retiring from it. At last the matter was compro-
mised, by the Bishop agreeing that the candles, along with
all the other parts of the lloinish ritual, should be tole-
n.ted, provided only they were not to be I;ghted !—Ad7ertiser.
B-auty cannot ii flame the fancy so much in a
month, as ridiculous folly can quench it in a moment. - Eliza
Cook's Journal.

Captain Milne, one of the Lords of the Admiralty,
is on a matrimonial tour, tl.e gallant captain baying lately
married his cousin, Miss Cochran; daughter of the late Ad-
miral Sir Alexander Cochlane.

[The follow:ng appeared in our Third Edition of
la3t night :—]
THREATENED STRIKE OF SOME
OF THE LONDON AND NORTH-WESTERN
DRIVERS.

---~--

LATEST INTELLIGENCE.

The London and North-Western trains are work.
ing as usual. The drivers have for the present
abandoned their resolution to strike at 24 hours'
notice ; and though there is every likelihood that a
strike will take place, there is reason now to hope
that the better sense of the men will, at an events,
induce them to give the fourteen days' notice stipu-
lated for in their regulations.
The tone of the resolutions of the Northern
Division men is so arbitrary and unseemly, that it is
impossible for the directors, if any discipline at all
is to be preserved on the line, to submit to demands
which are alike pregnant with injury to the men
and danger to the public.