The Sun.
London, England, 1845-06-30 00:00:00

THE MEXICAN DEBT.

The following correspondence will be read with in-
terest, though we fear with little satisfaction, by the
Mexican bondholders. It is understood that a meeting
on the subject will be announced in a few days :
" New Broad-street Mews, June 4.

" Gentlemen,—We beg to enclose to you, a letter from
his Excellency the Minister of Finance of the Republic
of the United States of Mexico.
" Being appointed by the Government of Mexico to
act as its agents in this city, we are instructed by the
Government to receive from you the funds in your hands
which hsve been remitted to you for the payment of
the dividends of the foreign debt of Mexico, together
with all papers and documents in your hands relating
to this agency.
" We shall be happy to learn at what time it will suit
your convenience to carry these instructions into effect.
" We remain, &c.,
" JOHN SCHNEIDER and CO.
" Messrs. F. de Lizardi and Co."

" Austin-friars, June 6, 1845.

" Gentlemen—We have to acknowledge receipt of your
letter of the 4th inst. (inclosing a dispatch from the
Mexican Minister of Finance), informing us that you had
been appointed agents to the Mexican Government, and
were instructed by the said Government to receive from
us the funds belonging to it in our hands, together with
the documents and papers relating to the agency.
" In reply, we have to state, that from our prede-
cessors in the agency we received no papers or documents
whatever ; nor have we any others than the books re-
lating to the conversion of the debt and the payment of
dividends, which, being required for daily reference, we
canna consent to part with.
" The Mexican Government has been regularly fur-
nished with the accounts relating to the affairs of this
agency.
" Credit has been given to the said Government for
all the moneys remitted up to the present date, and
there is still a considerable balance due unto us from the
Mexican Government, which we hope you are autho-
rised to pay, and in such case we are prepared to furnish
you with copies of our account-current with the said Go-
vernment, made up to this date.—We remain, &c.,
" F. DE LIZ ARDI and CO.,
" P.p. MANUEL J. DE LIZARDL
" Messrs. J. Schneider and Co."

" New Broad-street Mews, June 7.
" Gentlemen,--:We have just received your letter of
yesterday's date.
" Permit us to state to you that the funds which you
are directed to hand over to us can have no connexion
with.any account which may be existing between your-
selves and the Mexican Government. They are funds
which have been remitted to you for the payment of the
dividends of the Mexican foreign debt. They have been
appropriated to that purcose by a special contract between
the Mexican Government and the bondholders, effected
through your agency, and to which you are parties ; and,
being so remitted, they can have no connexion with any
other aocount or transaction, whatever the nature of the
same may be.
" We are therefore under the necessity of repeating
our request for the payment of this money to us agree-
ably to the order in your possession.
" \Ve remain, &c.,
"JOHN SCHNEIDER and Co.
" Messrs. F. de Lizardi and Co."

6` Austin•friars, June 10

" Gentlemen,—We have the honour to acknowledge
the receipt of your communication, dated the 7th inst.
With reference thereto, allow us to say that we do not
feel ourselves called upon to discuss with you our reasons
for refusing to comply with the request made in your
letter of the 4th inst., and in that now under reply.
" We have, therefore, simply to refer you to our letter
of the 6th inst. for our sentiments on this subject, and
remain, &c , " F. DE LIZARDI and Co.
" P.p. MANUEL J. DE LIZARDI.
" Messrs. John Schneider and Co."

13, Austin-friars, June 21, 1845

" Gentlemen,—The Committee of Spanish American
bondholders have received from Messrs. J. Schneider
and Co. copies of two letters which they had addressed
to you on the 4th and 7th inst., and of your replies to
the same, dated respectively the 6.11 and 10th inst.
" From this correspondence it appears that the
Mexican Government, having transferred its financial
agency in this city to the house of Messrs. John
Schneider and Co., had authorized those gentlemen to
receive from you the balance of the funds remaining in
your hands for the pure: se of applying it to the payment
of the Mexican dividends ; that Messrs. Schneider had
applied to you, in pursuance of the authority thus lodged
with them and that you have declined to obey the
orders of the Mexican Government for the payment of
this money, on the ground that you have claims on that
Government to a considerable amount.
" The Committee are under the necessity of calling
your attention to the circumstances under which
these monies have been from time to time re
mitted to you. By the agreement dated 14th Sep-
tember, 1837, under which conversion of the original
Mexican debt was effected, which agreement was ef-
ected through your agency, and bears your signature,
together with that of the Mexican Minister at this
Court, a certain proportion of the Customs' duties at
Vera Cruz and Tampico was set apart for the payment
of the interest on the foreign debt. Commissioners
were appointed to receive the same from time to time,
and to remit those funds to you expressly for the pur-
pose in question. They have done so ; the dividends
have been from time to time paid by you out of those
funds ; and the sum remaining in your hands is an un-
appriated part of;the same funds.
" That there may be no possible misunderstanding on
the subject I extract from the bonds bearing your signa-
ture the following clause:—
" ` For the better securing the punctual payment of the
said interest, the Mexican Government shall appropriate
irrevocably thereunto one .sixth part of all the Custom-
house duties of the ports of Vera Cruz and Tampico
(Santa Anna Tamaulipas). This portion of the duties to
be received from the administradors of the Customs by
two Commissioners tobe appointed by the Mexican Gover-
nment, one of whom to be nominated on the recommen-
dation of the agents of the bondholders in the city of
Mexico. These commissioners to transmit by every
English packet to the agents of the Mexican Government
in London the aforesaid funds ; the commission to be
paid to the said commissioners for this service by the
Mexican Government.
"The Committee, acting on behalf of the bondholders,
are under the necessity of emphatically stating to you,
that there is, in their view, no pretence in law, equity, or
justice, whereby you can seek to appropriate these monies
to any other purpose than that for which they have been
specially remitted to yea. The bondholders can have no
mice= with any other dealings between you and the

Mexican Government. You have received these monies
under a solemn engagement under your own hands, to
apply them to the purpose for which they were sent; and
the Committee venture to insist that you have no right to
deal otherwise with them.

" Under these circumstances, the Committee now call
upon you, as you have declined to pay over the funds re-
maining in your hands to Messrs. Schneider, to proceed
at once to pay the same to the bondholders, as a part
payment of the dividend due on the Ist of October last.
—I remain, &c. " G. R. ROBINSON, Chairman.
" Messrs. F. De Lizardi and Co."

" Austin-friers, June 24, 1845.
" Sir,—We have to acknowledge receipt of your letter
of the 21st inst., addressed to us on behalf of the Com-
mittee of Mexican Bondholders, wherein you inform us
that Messrs. John Schneider and Co. had laid before the
Comrdittee copies of their correspondence with us on the
subject of the transfer of the Mexicaa agency. We also
learn from your communication that the Committee call
upon us to pay over either .to the bondholders or to
Messrs. Schneider and Co. the balance of the funds re-
maining in your hands.'
In our letter to Messrs. John Schneider and Co., of

the 6th June, we told those gentlemen that, after giving
credit in account to the Mexican Government for all the
monies remitted us, there was still a considerable balance
due to us, and such being the case, we of course can
have no funds to pay ever to Messrs. Schneider and Co.
or to any one else.
" Throughout the whole correspondence which we
have had with the Committee, we have constantly and
uniformly maintained that the funds remitted us by the
Mexican Government were for its sole account ; that we
were the agents of the said Government, and not of the
bondholders ; and that we could make no payments
either on account of dividends or any other purpose
without first receiving instructions from Mexico.
" We are aware that the Committee have asserted that
we were only the recipients of these funds on behalf of
the bondholders, but this we always have, and now again
emphatically deny. We have always received these
funds in the character of general agents to the Mexican
Government ; and nothing can more clearly prove that
the said Government entertained a similar idea than the
fact of the Mexican Minister of Finance giving the order
for transferring any funds in hand to Messrs. Schneider
and Co., which we apprehend his Excellency would
hardly have done had he entertained any doubt as to the
funds being the property of his Government—indeed, on
no other understanding could we hive ventured to make
the heavy advances which we have done.
We have also to remind the Committee that when
we succeeded in obtaining from the Mexica❑ Govern-
ment the increased assignment of 3 1-3 per cent. of the
custom-house r venues, this fund was charged with the
payment to us of a considerable amount ; and we
imagine that no impartial person will dispute our right
to it.

" Since the Committee refer to the year 1837, we
think it would be as well that they look still further
back, and they will find that, from 1832 to 1837, no-
thing was recovered from the Mexican Government for
the bondholders, and that at the latter period the price
of the Stock, with twent3 -three overdue coupons, was
barely half that which it has borne of late years, and
at present.
" In conclusion, we have to repeat what we have al-
resdy told Messrs. Schneider and Co., that the entire of
the funds remitted us by the Mexican Government have
been carried to its credit in account, and that there is a
considerable balance still due unto us.—We remain, &c.
" F. DE LIZARDI and CO.

" P.p. MANUEL DE LIZARD'.
" G. R. Robinson, Esq."

RAILWAY SPECULATION.

A return hqs been laid before Parliament, on the
motion of Mr. Gibson Craig, containing the names (with
descriptions of the occupations and professions, &c., as
well as places of abode) of all persons subscribing to the
amount of 2,0001. and upwards, to all railway subscrip-
tion contracts, showing the amount subscribed by each
person for every railway to which he may be a sub-
scriber, and the total amount of such subscription by
each person. The list of the subscribers occupies about
one hundred and fifty folio pages of close print, and the
names of the railways themselves occupy six columns,
and amount to two hundred and nine.
We select the names of some of them which have sub-
scribed for sums of 100,000/. and upwards :-
1. Mills, Francis, Esq., New-street, Spring- £

gardens ... ... 670,300
2. Thomas, William Henry, merchant, Moor-
gate-street ... 624,328
3. Smale, Henry Lewis, proctor, Doctors'-
commons ... 601,760
4. Tyndale, Charles William, Esq.,Brompton 587,780
5. Macgregor, James, banker, Liverpool ... 579,800
6. Murray, Charles Knight, Esq., Notting-hill 574,800
7. Harding, Benjamin, Esq., Wadhurst
Castle, Sussex ... 574,760
8. Kirkland, Sir John, Pall-mall 574,710
9. Browne, Robert, merchant, Edge-hill,
Liverpool ••• 577,260
10. Winslow, Edward, Esq., Torrington-
square,. London ... 320,160
11. Hudson, George, Esq., York ..• 319,835
12. Gower, Robert Frederick, merchant, De-
vonshire-place
13. Crowley, Charles Sedgfield, gentleman,
Croydon 288,483
14. Hankey, George, merchant, Mincing-lane 287,400
15. Davis, Richard, merchant, St. Helen's-
place ...
16. Rich, Henry, Esq., Mount-street, Gros-
venor-square ... 287,000
17. Vigurs, Louis, merchant, Old Broad-
street, City ... 245,000
18. Hornby, Joseph, merchant, Liverpool ... 220,080
19. Manchester and Birmingham Railway ... 200,000
20. Wilkinson, William Arthur, Esq., Cam-
berwell ... . . ... 192.626
21. Jones, Geo., gentleman, Redlind, Bristol 192,560
22. Miles, John William, banker, Leigh-court 180,000
23. Goldsmid, Sir Isaac Lyon, Bart.... 179.500
24. Simonds, Henry, Esq., Reading ... 175,000
25. Stern, Sigismond, merchant, 52, Spring-
gardens, Manchester ... 174,500
26. Tothill, William, merchant, Bristol ... 170,000
27. Marshall, William, Esq., Penwortham-hall,
Preston ... ... 167,000
28. Schuster, Leo, merchant, Manchester ... 167,000
29. Smith, Thomas, merchant, Reigate-lodge 160,580
30. Chaplin, William James, Esq., Adelphi-
terrace ... 158,320
31. Moss, John, banker, Liverpool ... 158,020
32. Walters, Gregory Seale, merchant, Cole-
man-street, Loudon ...
33. Stevens, Charles, gentleman, Frederick's-
place ... ... 155.000
34. Brooks, Samuel, banker, Manchester ... 154,500
35. Garnett, Robt., Esq.,W3 verside, Lancaster 154,000
36. Broadbent, Thomas, merchant, Manchester 151,500
37. Gower, Edwin, merchant, Hanover-terrace,
Regent's-park ... 150,000
38. Mercier, Francis, gentleman, Lordship-
lane, Tottenham ... 148,000
39. Hatton, James, iron-merchant, Salford ... 143,900
40. Gladstone, Robertson, merchant, Liverpool 140,000
41. Maze, Peter, merchant, Bristol ... 140,000
42. Smith, John, merchant, Manchester ... 140,000
43. Paul, Charles. banker, Clifton 130,000
44. Waddington, David, gent., Manchester ... 129,770
45. G. 32, George Carr, Esq., Lombard-street 127,520
46. Wright, John, clerk, Westbourne-terrace,
Hyde Park ...
47. Young, Thomas. Esq., Albany, Piccadilly
48. Mowatt, Fras., Esq., 35, Devonshire-place
49. Hargreaves, J., merchant, Manchester ...
50. Houldsworth. Hy., merchant, Manchester
51. Cropper, Edward, Esq., Liverpool ...
52. Barlow, Frederick Pratt, Esq., Kensington-
square ...
53. Hodgson, David, Esq., Liverpool ..-
54. Peto, Samuel Morton, contractor for public
works, 47, Russell-square
55. Baines, Benjamin, Holloway ...
56. Whiskin, Jas., Esq., Upper Bedford-place
57. Davies, Robert, gentleman, York
58. Ricketts, Frederick, merchant, London ...
59. Roberts, Fred., gentlemanXamberwell
60. Smith, Archibald, merchant, Glasgow ...
61. Tee, Charles, linen manufacturer, Pinder-
oaks, Barnsley, Yorkshire ...
62. Lawrie, John, gentleman, Charles-street,

292,000

... 287,400

... 156,000

St. James's-square
63. Saltmarshe, Christopher, Esq., Yorkshire
64. D-armouth, John, Esq., Edinburgh ...
65. Humphrys, Ambrose, Esq., 2.2, Upper
Wimpole-street
66. Enthoven, Henry J., merchant, Broad-

121,000
120,580
120,400
121.500
119,000
118,400

116,500
114,400

113,625
112,650
132,470
110,000
110,000
110,083
107,150

106,480

106,580
103,900
103,000

102,700

street, City - ... ... ... ...
67. Palmer, Charles John, solicitor, Great

102,500

Yarmouth
68. Prinsepp, Henry Thoby, E-q , 37, Hyde-
park-square
69. Aiken, Peter Freeland, banker, Clifton ...
70. Walters, Gregory Seale, merchant, 2, Ar-
tillery-place, Finsbury ...
71. Ward, Henry George, Esq., M.P. •••
72. Anderson, Samuel, Director of the Eastern
Counties Railway, Upper Brook-street 100,000
73. Egerton, Francis, Esq , Worsley ... 155,000
The total amount of subscription by persons who
have subscribed 2,0001. or upwards, to amy railway sub-
scription contract deposited in the Private Bill Office
during the present session of Parliament, is 61,603,7071.
16s. Bd.
The following contains some of the names of those
holding sums under 100,000/.:
Ailesbury, Maria Elizabeth, Marchioness of,
Tottenham Park .
Als -ipp, Thomas, gentleman, 34, Cornhill
Ames, John, 33, Green-street, Grosvenor-sq.
Anderson, Samuel, merchant, 9, Now Broad-
street, and 105, Park-street ••• •••
Backhouse, Thomas, gentleman, York ...
Bagahaw, John, merchant, 1, King William-
street, and 97, Gloucester-place
Barclay, John, gentleman, Hornsley-lane
Barnes, George Thomas, gentleman. 48, Moor-
gate-street ... 52,500
Barnes, John, Esq., 23, Threadneedle-street ... 53,750
I3eale, Samuel, Esq., Birmingham ... ... 72,000
Benson, Robert, jun., manufacturer, Fairfield,
Manchester ...
Bell, G. Hamilton, F.R.C.S., Edinburgh
Bigg, Charles Richard, gentleman, 19, Bryan-
stone-square ... ..„
Maker, John the younger, gentleman, Lewes,
Sussex ... 61,875
Boothby, James 8., -Esq., Twyford Abbey,
Middlesex •• • 040 ••• •••
Bradley, William, brewer, Manor Oaks, Shef-
field ... ... 60,162
Brassey, Thomas, contractor, Rouen ... 49,750
Browning, J. S., merchant, Oxford ... 45,000
Buchanan, George, Stanley, Perthshire ... 43,250
Burchell, William, gentleman, 44, Upper Bed- .„),
lord-Vett • IVI •• I ..• 43,040

100,820

100,500
100,000

100,000
100,000

4,933-
75,666
50,053

53,500
71,050

87,000
70,220

... 80,400
... 36,000

47,850

88,000