The Sun.
London, England, 1826-11-04 00:00:00

QREEK LOANS.

,Tho following Correvondenee hai airused to
the Editor of th Time,

tt. Mary-Cray, Nov.
Stn--Ipur7,ose now to ofTer Ate explanatiotr of my part in the
(31-" k bglut tiatrootious which was so much misrepresented in
Your PRlviil;. of the .28th ult., that the public may judge hots far
tjtAtt vtatiient it ,correct.,. First, as to my having taken alarm at
the 4.preciation of the Greek Bonds, and thereupon " applied to.
tire7.oeptitiesand Retractors to relieve me front this loss."
n July, 1.824:,
.1 had considered it my duty, in my t'apacity of
It commissioner, for the management of the first Creek Loan, to,
object to the despatch of tro,ooo/. (the second instalment of the
Joan), on aronnit of the non.receipt of the ratification •f the con-
tract,. and of the civil, war then ratting in. Greece.
In consequence of this, the Deinttiva addressed a letter to Sir
Fratwis Burdett, containing 'serious complaint against my con-
AtMt as a Commissioustr, end withal insinuating that it was in-
fluenced by intereat-ed motive*.
Thit letter +'i i Went Ily Sir Vranci* Ilnrde4 for my pit-n.1%41,
with a re,piti,at' that I would .nutet him, And a few tither gentle-
men, atlVir. Kinnaitil'a, to discuss the grievance* *et forth in
tleiit lett.r. We Mitt the folloiving day, and I recollect that Mr.
Hohk.onse and Mr. Kinoaird were among the gentlemen present.
Ater di,etip.Riq that letter, and remarking upon the insidious
'atternpts fe, sloilmte my conduct, as a couiruibaionvr, to selfish,
nunives, 1 Oak and there declared my resolution of forthwith ills-
Posing of my' bonds to free me front the possibility of such impu.
estierc. in future ; and, in pursuance rtf this resolution, I took
fiorn Mr. Kinnaird's house' contrary ,to contraro kis advice, the bonds which
hail been there deposited from their first issue ; and which, had I
been'iliSposed to part with Allem, I. might have sold at a profit
104. before; Ilof it iv well known to every person at ell acquaint-
:ed with the transaetion at the time, that I lout always declared
Aeterininatinn to keip my stock. Ithtat.evening.addressed the
following letter to tint Deputies

Gentleme York-place, July 2S, 1824.
•
'n ' t the perusal of , your letter to Sir Fran.
cis Buillettt inAvltich, a very Unfair inference/ is drawn, if no
a i red r
„glare made, that I have been actuated by per.
Loud
~..iterest as a scri: pionkrer in measures that I have felt i
duty to take respecting the remittances of the loan, I feel the
3,1401ubi necessity of being relieved from that situation which will
admit of the possibility of° such suspicions being entertained re-
garding any acts of mine ; and it is, therefore, my intention to
sell my scrip as soon as I can, that I may be in a situation to con-
tirMe, my services as heretofore, in the cause of freedom and of
Greece. lam your obedient servant, JOSEPH .1-11a1F..
, Mews. Orlando and fairiottic•
To this I received the following answer, which is only import-
ant OM it distinctly 'recognizes, on their part, the fact, that my
determination to sell my stuck, originated in their letter. to Sir
Francis Millet ;

(Copy.)
St. John's-wood, 23 billet, 1824.

Tres honorable Mousietir--Votts lettre tie co wain nowt antis
en le devoir de relite lu lettre que nAnUI aVOIDS "lite a Sir Filmcis
Burdett, et nous mils eu la consolation do reconnoitre gull n'y
aValt sucuno plirasi, qui pouvoit von; etre applicable.
per " les debitters" (font nous y parlone,bout elaireatent designee
les MM. Looglinan, File, et O'Brien, et les " 4 ou 5 detenteurs
des scrips qui :nal ealculent leurs interets du ounnent sacrifient les
interets tie la Grecer" sea les bounties gni ainsi que plus d'une
fnis note evens patio avec vote, et que Yule nous sites encore
Afardi tiernier, quond :roux eurnet rhouneor de YOU* voir en corn,
pagnie de, Mous. Thorne' Gordon, vpus iniportunent pour stn-
pettier roxecution du contra et retarder Ice payrnens ; ainsi vote
'v yes pie note: intention n'a j.stite fete de vans cornprendre eons
cgs eiprossions. En nous addreveant a Sir Francis Burdett, et
elioisiesitot rill vos pour depositaire de nos peines, 1101)4
. .
:°?!0:10/Onil untine sift otolvt4le retort que nous enuiptions stir volts
141Er$ torn irjtVoll` riot ecrire qui pout vote alien,
D'ailleut4 tune 1411011% jatuais pu vote faire le tort de vote
croire'sturceptjile tle Weimer les prineipee tie la justice et lee in,
terets Wine netion pour uu petit mot if d'interet ; quand surtout
441511 re owe av,Oret en nu:mune de vans dire, at que nous twits
le repetons, vote devet reteuir Ice scrips que vote ayes pouile
comp* de la Grepool'abord toe ai vote les ventlies cela feroit en-
tore plus tie trial a notracrips, et notes serious obliges tie les aelieter
elirectetneitt pour
:trope:lto' vela. Afoul nous vans prions de
croire a IA sineeritta de la presents 4,4;11,ra:i0n et tie vouloir re»
coutine tie la fierce, au rum fie lei
tears Ira dins 'scrips pour
vendo.. Nous 6c:tomes hen allies Ivo nowt: lette4 a Sir Francis
Burdett Wait: den redefine gee (vett, en.ti-entoutue expreteion, qui
vast, deplairg ; et
votes
preteetion
;yte/
rituVeauntrottusiiarpotutia.
aiipti en quelque fagons
{h'oo'k no nienquera jainais de
Inns niasi ituleite compier cur cello-6. Crest inutile toe 110kIR
voile repetonl4 title votes influence et votre protection lie sattroient
se Triglitrer unions en faveur de la Greer, qua pat• l'enva* warge,it
bans ttlterieur retard, ainta qu'il avoit ete gazette:et statue
,i 1 y

plinte jOllll.
VeLlilleS tintle'cornlna Uri nouveaux ternoignage de vim stsitioien4
favorableit ala belie cause de la Greee, desquels nws n'svons s..
Trials dilute tut instant; dui rendre ce service signale, et reesvuir -
en-
amble a l'assurance de notre gratitude relit! de notre plus pa,i4itti
consideration: Notts avona l'honnettr, Rte.
(Signed)- JEAN ORLANDO.
A Mons. J. Hume, M. v. to. AND. LURIOTTI.S.

•'; • r. (Translation.)
St. Joins'e-wood, July 23, 1823.
11M4'Siri—,..Yebox letter of, fish; looming Wei made it our duty
to read again the letter which we have written to Sir Francis
Burdett, and wo have t.lse satisfaction of finding that it did not
tont4in any Orate applicable to you. Since hy the debtors of
which we therein speak, we-clearly intended Messrs. Loughman,
son, anit-O'Brien, soul the four or Ewe icripholders, who, miscal»
g;ulatips their own i44n44,lliiitt iutoroth sacrifice data of lima)

are the Men of whom we have thus spoken more than once to you,
and which we again mentioned to you last Tuesday, when we had
he honour to see you in company with l‘lr. Thomas Gordon, im-
portuning you to binder the execution of the contract, and to
defer the payments; thus, you.see, that our intention has never
been to include you under these expressions.
In addressing ourselves to Sir Francis Burdett, anti choosing
mining your own friendi a confidant of our griefs, we gave you a
new proof of our reliance upon you, and that it was far front our
thoughts to write any thing that could give you offence. Besides,
we could never do you the injustice to believe you capable of sa—
crificing the principles of justice and the interests of a nation for
a paltry gratification of self-interest.
When, above all, we had the honour of telling you, and which
we again repeat, that you ought to hold the scrip you have for the
account of Greece; since, were you to sell, that would he still
more injurious to our scrip, and we should be obliged to buy di-
rectly to hinder that bad effect.
We therefore beg you will believe in the sincerity of the prey
declaration, and that you will hold the said se4.
Greece, instead of selling

..cfli

Tor a4count uC

We are
t thal . 60.1' to Sir Francis Burdett contain-,
,- 00144 040 than thiA 111-litulerstood expression that was in any
way-fhopleasint lkl. yen, and that in other respects Greece will
never fail to teceive your protection; and that we likewise may de-.
Pend on its being continued to us.
It is unnecessary' for its to repeat to you, that your influence and
your protection cannot he better. exerted in favour of Greece than.
by remittance of the money without further delay, as it was,
wisely determined 15 days ago.

Be pleased- then, as a testimony ,of your favourai►le sentiments to
the fair cause of Greece, of which we have never for an instant,
doubted, to render her this signal service, and receive, together
with the assurance of our gratitu►Ye, that of our most perfect colt-
fiideration.

We have the honour, &c.

I m►►st here &serve, that knowing that Mesas: Loughnau,
Son, and O'Brien had never in any way impeded the despatch of
the money, nor raised my obstacles to the arrangements of tha
Commissioners for cal-4ring ihto effect the -objects of the loan, and
considering them to have acted a fair and honourable part, 1 viewed
this shifting. of the charge to them awl other persons as a mere
evasion, and a further proof of the insincerity of the Deputies,
which, but confirmed me in my determination to sell the Ninth
I theretbre took them to the city, and left them with Mr. O'Brien,
with directions to sell them, as I would not sign another paper as►
Canim4sioner whilst I had any pecuniary interest in the loan;
and in a letter to the Deputies that evening, I thus tkpressed
myself

Extract of a letter addressed to Messrs. Orlando and Luriottie.
88, York-place, JO o'clock, 23d July, 1824.
Gentlemen—On my return home, I found your two' letters of
this day, and shall be happy to afford every assistance to the cause.
of Greece, and the proceedings of the loan, consistent with the
trusts reposed in ms.

1 expect to he Able to•rnorrow to eel' my scrip, as 1 have inti-
mated, and shall then be at liberty to act.
(Signed) JOSEPH HUME. •
Next day 1 received from theat a letter containing the following
I,ai'agraph

(co py.)
Extract of a Letter, dated St. John's Wood,le 24 billet, 1824.
NOUN !worts l'honneur de vous repeter la declaration que none
mil nom fait dans notre lettre de bier, que vous reteniez lee
scrips qua vous avez your le compte du Gouvt. Grec ; n'etant pas
juste qua l'hoinine qui corvine vous einteresse et traysille pour elle,
soit expose a des pertes de cette consideration. None prenons sur
nous cette affaire et nous donnerons lee ordres necessaires a MM.
Loughuan et Co. a cat egard.
(Signed) JEAN ORLANDO.
A Mons. Joseph Hume, &c. AND. LtIRIOTTIS.

a York-place.

S. ZAIMYS.

St. John's Wood, July t 4, 1826.
We havt the honour to repeat to you the declaration that we
made in our letter of yesterday, that you should eentinue to hold
the scrip that you hive for account of the Greek Government, it
not being just that a man who, like you, interests hiMself and ,
labours for its advantage, should be exposed to IMO of that
amount. We take that affair upon ourselves, and we shall give
to Waste. Loughnan & Co. the necessary orders on the subject.
(Signed) JEAN ORLANDO.
To Joseph Hume, M.P. tire. AND. LURIOTTIS"
York place. S. ZAIMYS.
1.110 not recollect Whither I nent any answer to this, but I
, shortly after saw the Deputirri, who declared that if I 'persie,,,f in
my resolution to part with nay, Londe.. they were reeolved to tat ..
them at par on account~ of. their Government, repenting that it
would be moat nifpoit that I sheuhl be a aulterer by minan -
derstanding with them. I thought so too, and was therefore dis-
posed-to agree to what I considered only a just settlement; but it
appears that I had not communicated this to Mr. O'Brien, as he
subsequently wrote me the following
Extract of a Letter from Mr. O'Brien to Mr. Hume.
19, Coleman-street, 29th July, 1824.
Dear Sir,-,—The Deputies requested that I would beg and en-
treat of.you not to part with your Scrip; they further regnested,
that if you parted with it, it might be placed to the i.ccount of the
Government at par. told them it was of no use, as your mind was
made up to • get rid of it, anti that you would not sign any paper
until it was sold. They have, therefore, authorised me to enter into
your views, and take it for their Government at the market price,
and I have therefore, sent into the market to ascertain what arty
one man would sell 10,000 Scrip for, and although the price
opened this morning at MI I found that one or two thousand
only cauld'be bought at 1,5 per cent. discount, and I therefore
consider, in strict justice and fairness, that about 13 per cent.
ought to be the price for the 10,0001. If you approve of it, and
continue in the same mind respecting the necessity of your selling
the Scrip, you have only to write to me a line by the twopenny
post, and I will send you a draught for the proceed.
(Signed) ANDREW O'BRIEN.
annex 'a copy of my answer :--.

York-place, 29th July, 1824.
Dear Sir,—l have received your note of this morning, inform-
ing me that the Deputies had requested that my Scrip, if sold,
'Should he placed to the account of their Government at par, or
taken at the market price of 13 per cent., if 1 would nut allow it
to be taken at par.

I ern satisfied you will approve of my .determination to part
with the Scrip, after what has taken place, as I can then, in all
proceedings respecting the loan, (anal. foresee that they will not
be few), act as between two parties, the holders and the Govern- •
went, without even the possible fear of .any interested motives, as
on u late occasion, being attributed.
As public men, we ought to remove, not only all grounds of
complaint, but even the possible grounds of suspicion;, and by the
sale of my *rip, Ido so. 'I am willing to make .a sacrifice of
1,3001. to enable me to,set as I have throughout endeavoured to
du, but as I have been compelled,. through the conduct of the
Deputies, unwilling to do so, (by what has unexpectedly taken
place,) I consider that it would only be just to allow it to go to
the Greek GOverinnent at par. They will lose, and I shall

be free.
In whatever way, however, the Deputies determine, there will
not ho the smallest change in my feelings or conduct, either to-
wards them or their Government and you uan send me a draft
for the amount of the Scrip.
Believe your's eincerely,
A. O'Brien, Esq. (Signed) JOSEPH lIUME.
After all this, several days having elapsed without the Deputies
giving decisive orders to Messrs. Loughuan and Co., I requested
Mr. O'Brien, in a letter of the 2d of August, to allow no further
delay, and accordingly he transmitted to me the amount 1 had paid
on the bonds, deducting 1,300/.
Thus fi►r au explanation of the cause of my parting with my
Greek stock.
It now remains for me to show when, and under what circum-
stances, I accepted the reimbursement of this loss.
From this time to the end of November, 'nothing further was
done in this affair, although, whenever the subject was mentioned,
I did not hesitate to expreis a very decided opinion that I had suf-
fered this loss most unjustly through the means of the Deputies.
and that no dependence was to be placed either on their word or
writing, 1 freely acknowledge that I felt indignant and vexed at
their whole conduct in this affair.
In the end of November, Messrs. Orlando and Luriottis called
on me in Bryeastone-square, as if to ayp a. visit of ceremony, but
they took the opportunity of introducing the sale of the bands in
1,47,14'111in. and stated, that they were sorry I had been el-
, to suffer a loss arising from a misunderstanding on the. part
, Lnut;h►►an and Co., anti that their- letters to those gen-
'l,:sritintestfe
joruu:itidfikesrliiottoawr,.,:iethoaft
takingteir itthiteciartbioonnda:atthepatrit,nehad been to
After home conversation, in which they evinced much earnest-
offer, viewing nt regret for what hind passed, taceepted their
the more,,,, • I .arile,l'lttinatter of right rather thin of favour; arid
I mention:l . stuck 110 at the time risen to about par.
the other two conmenzientation to Messrs. Loughnan and Ellice,
Deputies, it te,„ eati4idars, but knowing the indecision of the
in-
tes►ded to settle the himine44PTper that they should, if they in-
Ais. Eat*, low" they renew. their proposal by letter.
v411'4'41 Poilti44 Out; 1. iNIiCII) dig Pro-

priety of their doing so; and on the 15th of December they wrote
thus to Messrs. Loughnan, Son, and O'Brien.
(Copy.) . _

Extract of a Letter, dated A;civilie-street, le 15 Dec. 1824.

Messrs—Comme nous voulons en memo temps dormer un terse
aux discussions our les scrips de Mr. Ititine, de 0,000/., places au
compts de nave Gouvernenient depuis , avec un perte a cc
monsienr de is per ct. contre noire eouhait, coma e est conetate
par uotre lettre du , qui vows antorisoit de les prendre au poke,
et corvine nous n'avons jamais connu Is mot if de cette mesintelli-
genre et rpm nuns voulons toujours donner one &mite a Monsr.
Hume de nos bentimens reconnaisuns de la part qu'il a prise et
qu'il prend en aveur de noire muse ; nous voce prima et atitori.
sons de payer a Monsr. flume Is peat quill a soufrerte dans cette
/what des seripeo et de la pkoer au compte de noire Gouverrunent.
JEAN ORLANDO.
AXI).
• J. ZAIMYS.
It, Rt tongliinin, Son, and O'Brien. '

(Copy.—Translation.)
Extract of a Letter, dated Dec. 15, 1824.
As it is our wish that the discussions about the 10,0001. scrip
of Mr. flume should be terminated, which was plaCed to the ac-
count of our Government since the 3d of August, with a loss to
that gentleman of 13 per cent. against our wish, as it is shown by
our letter of the 31st of July, which authorised you to take the
scrip at par ; and as we have never known the reason of this mis-
understanding, and as we have always been desirous to evince to
Mr. Hume our deep sense of gratitude for the interest that he has
youtakot in our cause ; we beg and authorise
loss which he has suffered in that
purchase of scrip, anti to place it to the account of our Govern-
pattayd
toconttlirn.unesutetaktiel,e

(Signed) JEAN ORLANDO.
AND. LURIOTTISi
J. ZAIMYS.
To Messrs. Long Soi:and O'Rrieo,