The Sun.
London, England, 1826-10-12 00:00:00

COLOMBIAN BONDS.

It will be observed that there was a great advance
,yea-
terday In Colombian Bonds. We feel it our duty to can- I
tion the public with respect to those rumours ailoat,whose
tendency is to increase the value of those instruments.— 1
We bring no charge against any man; but some cireutn-
stances have come to our knowledge which may be use-
fully communicated to the Public. A gentleman had the
courtesy yesterday to show us a written order from M.
Humid°, the Colombian Miuister, to effect an insurance
on a shipment of dollars to the amount of .160,000/. ster-
ling. M. Hurtado must have received the despatch on
winch this.order was founded either on Saturday or Mott-
' last, for we cannot learn that there have been any arrivals
from Certhagena since the last of those days.. The sure to
be insured is very voosiderable. The credit of his Govern-
ment is involved in the arrival of the car, or in the
forthcoming of, an equivalent for it,, if it should
be lost ; and yet more than twp days are suffered to
elapse at this dangerous season of navigation, before
application is made to effect the insurance, for NI. Hur-
tilde's later is dated yesterday morning. The circum-
stances eltogeater appeared to the most respectable
brokers so singular, that they, for a long time, declined to
underwrite. It is asked, why it is that, in a matter of
such importance, M. Hurtado, who is in town or its neigh-
bourhood, has not himself applied directly to some of the
insurers, instead of employing an agent, who has, of
course, nothing to produce but a written order, unattended
with any explanation stenaturally asked for in the present
state of Colombia ? Actuated _by this and similar reason%)
the underwriters, up to nearly four o'clock yesterday, had
declined the insurance ; but about half an hour before the
Close of business, the policy was opened at 40s.itremiuna,
with ii condition to return 3.55. if (and this seems a curi-
ous condition) the ships shall arrive without any specie at
The sums underwritten amounted, it is stated, to
about 30,000/.
Under these circumstances, we think that M. Hurtado
owes it to his own personal character, as well as to the
credit of his Government to give a full explanation of the
causes which have induced him to delay for more than two
days, the completion of the insurance, especially when he
must know that extensive speculation is going on under
the sanction of his name. •

There are persons, we may observe, who would not
attach implicit confidence even to the circumstance of an
insurance actually effected, because they argue that great
advantage might be taken of such a transaction at very
trifling loss; but on this point we will not touch. We
will take it for granted, that M. Hurtado would not effect
any, bat a bond„ de insurance on a real security: but we
must repeat, that, in order to preserve that unimpeachable
urity of reputation which belongs to' a Government.
Envoy, he should not delay for one moment,to take every
step that may silence even the most malignant.
Meantime, till the explanation shall appear, we have
notll;Jig further in the way of intelligence, except the fol-
. lowing extract of a letter, dated Carthagena, the 20th of
July, which seems to give a different complexion to the
state of Colombian finance:—
• ' •

" Thia Government is taking all the means which are within
its reach to secure the interests of the foreign debt, but these mea-
sures cannot be put in force until the end of October. There-
fore, until January next, no money will be received in London
fur the payment of the interest, due in July, 1826, and those of
January, 1827 ; but in the meantime this Government is autho-
rised to negotiate in London this money. The law of publie
ered►t which is in farce, will secure the credit of the Republic,
provided the Republic can procure the necessary finch► for the
payment of the foreign debt."

Since the above was written, we have made inquiries,
and find that M. tinrtadn has been out of town since Mon-
del/ mort►ing. This circumstance throws an additional
mystery over the whole affair.—Times.