The Sun.
London, England, 1826-11-13 00:00:00

THE GREEX LOANS.
• • TO THE EDITOR.
Sir—lt was not till a late hour • yesterday that I was
aware of the letter which had been published in a morning
paper under the signature of" J. and S. Ricardo," but
the charges which those gentlemen have brought against
me are of so flagrant a description, thst I eannot lose,*
moment in repelling them, and so far La the limits of a
single letter will permit, I filial proceed to demonstWe
their utter groundlessness and malice. 11 cannot but be•
seen that in the proceedings and discussions which, have
.taken place relative to the administratimiof the funds raised
upon the Greek loans, I am placed in a situation of peculiar
difficulty. Much of what has been done, us well by the Depus •
ties themselves, as with other persona, has necessarily been
by,verbal communication, and most of such communications,.
have been had with parties who were received by the De-
puties on the most friendly footing. Yet now it is thought
necessary, or at least it is expected of me, that some. Jet-
tei or document should be produced to verify every as
tion that is made. l trust I shall be enabled to do so; and
I,do not helieve.that I Nye yet advanced a single material
statement which I have not the means of supporting by
written proof.
I will claim no exemption from that test of the truth of
what I am.now about to state in answer to the calumnies
of: the Messrs. Ricardo. If those gentlemen expect to
draw off my attention, or the attention of the public, from
their own conduct—if they think that the mischiefs they
haVe caused to Greece, by their mismanagement and ob-
stinacy, will not be strictly inquired into, they greatly de-
ceive themselves.
.I.et them be assured that neither the
bondholders nor myself will permit the mightier evils which
they have occasioned to be lost sight of amidst the discus-
•sion of Matters, whieli, though equally important as affect-
ing the reputation of individuals, are offer- less Moment as
regards the interests Of'Greece•and her creditors.: I have
been 'forced, by one of the Most, unjust reports ever pub-
lished, to vindicate my churactcas which' had previously '
• been much aspersed, 'and which this report wonld other-
wise have totally destroyed. in doing this,' have been
compelled to Mike disclosures which hive added greatly
to the, number of my enemies. What other -course, how- -
ever, could I take ? Alone, and in a foreign land, I had.
no alternative left to satisfy my friends, my couotrymess„
and ,the world, that I
wits nut unworthy of the confidence
which bad been, reposed in toe, than by publishing the
truth. I know that I have many to contend with, arid
that nought, therefore; will be omitted that. can possibly
be:alleged against me. I know that Mews. RiCardo,
Spaniolacki, Mr. Boivring, and last, though not lean, 111 r.
Burton, have been making the most minute inquiries. and
Will not stop at any common means to wound my Im'neiur;
end to take from me that. sympathy and support which a
generous nation is ever ready to extend to him who is un-
justly vituperated. • ,
Messrs.. Ricardo state, that to the letter they addressed
to me on the 2d instant, they have received no reply.
Allow me to ask those who haVe read it, if it appears to
call for any, orlvhetliers on the contrary, it was not ex-
presitly written with a view to the Use they now. seek to
make of it ?. will show 'at another time, how much of,
truth and how: much of falsehood is contained in that
letter; but the circumstances there stated refer to the con.
duct of. Messrs, Ricardo, and it is my business at present
to prove the groundlessness of the charges which they have
put forth against me, and which involve the integrity of
my own character..
The first of these relates to 7,500/. commission, allowed
by .Messrs. Ricardo to the Deputies, out of the ceminission
which ther(Ricardos) were to receive on the contract for
the second loan. I have never stated that this suns was
not allowed to the Deputies for their private., use, but I
have asserted, and I defy the Messrs. Ricardo, or any
other person, to disprove the assertion, that I was wholly
ignorant of any such. arrangement. I have asserted, and
now re-assert, that when 1 was informed of the arrange-
ment (a few days after the contract had been executed,
and when Mr, Zaimis was about to return to Greece),
that I expressed my disapprohation of the transaction, and
that I then, a,4 I have ever since, declared that I. would
not pati6pute in the commission. I have never said that
siessrs. Orlando and Zahnis refused to net'. pt of this coin.
mission ; the contrary is undoubtedly the fact; but I have
„too, and I did so state, because ro toy opinion It does ,
Mr. ()thsdo eredit, and was at least but Just towards him,
that on different occasions, when Particular warlike melt!.
sures rendered it probable, that this money would be of real
service to Greece,. Mr, Orlando most readily .assented
to
its being so .applied. It was from this feeling that NU.
Orlando joined with me in requesting Messrs. Ricardo to
place the .1,5001., to the credit of the•Government_;. and it'
is obvious that
,such must have been the ease, or this sum,
which was to have been paid by Messrs: Ricardo
.outof
their own commission, would never have Appeared at all
in their account with the. Government.' But when the
objects for which Mr. Orlando was perfectly willing that, the money ahould be employed were • found,: not to be at-
taioable, he considered that he was still entitled to treat it
as his own (subject to the claim of Mr. Zaimis)„ and it.
was in consequence again set apart from the general fund
belonging to the Greek Government in. the hank of:
Messrs.

I explained to the Committee, and I flattered inyeAt. that
I had satisfactorily explained to them all, the eire:orosraft„„
connected with this transaoote . I told . that out of
the 7,500/. Mr. Zahnis had received 1,:w;o:i., and that the
balance of 6,200!. remained in B theie:ap.ls f mese,. Ro
Mr owrittg well knows this f
fact' told I believe at
.thali.
Messrs. Ricardo, from
thq ma: in which they have eon-
to urge for the
the' subject, have as. ittle excuse
eluded their remarks upon
taigrerores entation they have laboured to.,
.convey to the publire on this point. Mr. Bowring was .told
when upon tIK
,re)ommittee, and he, slid not then venture to
!..4eredlit the assertion (because it could easily have been
verified), that Thad refused to sign an order for withdraw»
ing the money from Messrs. Ralli, unless I received, an
acknowledgment that I had been no party to the arrange-
imint originally, and that I had refused to participate in the
Commission : yet, notwithstanding this, Mr. Bowring, as
'well as the Messro. Ricardo, has endeavoured so to confuse
the transaction as to throw a discredit upon my vereeity,
The circumstances, however, as I have narrated them, are.
I trust, plain and intelligible; they cannot, I know, be con-
troverted, and the, simple fact that the money remains still with Messrs. Ralli is the best and strongest confirmation
of the truth of what I have asserted.
The affitir of Mr. Burton, I readily agree with Messrs..
Rieardo, is of a graver cast ; and let Messre. Ricardo .and
Mr. Burton Justify' to their own consciences, if they can.
the splendid resnit of their past machinations and of
their
present charge.
Messrs.: Ricardo find it convenient to throw a ithial over
Mr. Burton's conduct, upon which they say' " they shall
refrain front making any comments, because he has 'come
forivard 'to give them all the information they derieed." 1, en the contrary, ton Compelled to make observations on
that indieldind's 'conduct, which, from the greitt. intitnaey
that long subsiated between us, I could' have wished to
hate' been spared the pain of laying before 'the publics' I
cannot 'tell by what overpowering' influence Mr.: Btretett
has been induced to net as he has done; but such 1164414 n
.hilt conduct, that it is difficult for me to describe it irschlin
Orlando and terms
"d
plainlanguage" myselfwere for a long tinite on
li
olifuirnttotacy the now friendly and unteservat
When stiire(o3,rmestk,_ bisoitri.dstioufrttoluti eetirceleottidulso:Ltiilwi
tehree'.
anittitreioirnnsidert;":llfter, to take 13,00 W. llama him at par.
Earl a lctnws:+, anti continually repeating that he hind co-dillniel:e renewed his entreaties, setting forth his'
tvitlt 11`1r. Hoar►nk Of tits bonds h equalwhich
`1 "1-
'h
resented that 4,000/. belonged to Mr Lee
onr sec retctry, for whom, he stated, he had paid the
(seem instalments. 'We were ultimately induced to
oieot to his entreaties, and Mr. Burton expressed his
particular wish that the circumstance should not b*
communicated to Mr. Lee. In this respect, 'also, his
request was so strictly complied with, that (until within,
a few. daye of the late report being submitted 14 digt,