The Sun.
London, England, 1826-09-05 00:00:00

TUESDAY EVENING, stpTEmBER .5, 1826.

GREEK LOANS.

A Public Meeting of the holders of Greek Bonds was
held yesterday at the City of London Tavern, pursuant to
an advertisement which appeared in moat of the daily pa-
pers. The meeting was announced for two precisely, and
soon after that hour several very respeetable persona were
in attendance ; but we should suppose they form but a
comparatively small proportion of the holders of Greek
Bonds.

Colonel L. STANHOPE • having been unanimously called
to the Chair, expressed himself proud of the honour con-
ferred on him by so respectable a meeting, under circum-
stances of extreme difficulty to the Greek
cause, which
he feared was never in greater danger
than the present
moment; and under eireutnstanees winch, unless they
now pursued a wise and firm course, would prevent their
ever receiving a shilling of dividend on their bonds. Be-
fore he offered any remarks on the object of their assem-
bling, he would read the requisition which called them to-
gether. He then read the following:—
" The holders of the Greek Bonds are requested to meet at the
City of London Tavern this day, Sept. 4, at two o'clock pre-
cisely, for the purpose of instituting inquiries as to the appropria-
tion of the said loans, as well as to the circumstances which have
led to the protracted sufferings of the. Greek people, and the injury
of their great cause, by the withholding of those means of defence
for the supply of which the loans in question were avowedly
raised."

This, the Gallant Colonel observed, was the most imyortant
consideration of all. It behoved those present to inquire
why it was that the objects for which the loans had been
avowedly raised, had been frustrated in so extraordinary a
manner. In this inquiry, and also in endeavouring to find
out a remedy for the evils which existed, the meeting, inde-
pendently of their general wishes in favour of the Greek
cause, was particularly interested, for it was now quite cer-
tain that unless the Greeks were successful in theii• arduous
struggle, not a shilling of the dividends on the loans would
ever be paid. In order the better to consider the course
which ought now to be pursued, it would be proper to see
in the first place, what had been already done. For this
purpose he would call on two gentlemen then in the room
to state the particular manner in which the late loan had
been expended. In adopting this course, it was not his in-
tention to impute blame to any individual. It was neces-
sary, for the sake of all parties that publicity should be
given to the statement which his Hon. Friend Mr. Bow-
ring would read. There was another gentleman in the room
from whom also the meeting would hear some statements
as to the mode in which the loan had been appropriated.
(We believe the Chairman here alluded to Mr. Spagnio-
lacki, who, we understand, was present, but remained only
for a short time.)
Before Mr. Bowring had time to answer the call thus
made on him, the meeting was addressed by
Mr. ROBERTSON, who observed, that he was the indivi-
dual by whom the advertisement for the present meeting
had been forwarded to the daily papers. lie was sorry
that the subject was not taken up by some gentleman
whose name would add considerable weight to his view of
the subject, but it happened in this case as in many others
of a public nature, that what was considered every body's
business was nobody's in particular. It was better, there-
fore; that he pr any body else should call public attention
to this important affair, than that it should remain wholly
neglected, and be trusted that the .necessity of some imme-
diate and active measures would impress itself on the
meeting, and on the public as soon as the state of the case
became more generally known. It was now more than a
year since the second Greek .Loan had been contracted.
He was certain that most, if' not all, who became sub-
scribers to that Loan, had done so, not more from a
view to their own interests, than from a wish to ad-
vance the cause of Greek patriotism.—(Hear, hear.)—
Under these circumstances, it was too bad that the parties
should not only lose their money, but that it should have
been altogether unproductive of the good intended.—
(Hear, hear.)—lt was well known that soon after the loan
a contract was entered into with a gallant Admiral, whose
valuable services were engaged in the Greek cause. Mea-
sures were at the same time taken to obtain two large fri-
gates in America, and for this purpose a very large sum of
money was remitted thither; considerable sums were, it
was said, also advanced for the fitting out of steam-yes-
sell in this country, but neither of the frigates had yet
made its way across the Atlantic, and the steam-vessels,
or most of them, were at this moment lying useless in
the river. It might be important to inquire how these
things had occurred ; how these gross negligences,
he would call them, in some quarter or another, had arisen.
It should be recollected that this money was lent to,
young republic, and he thought it would not redound much
to the credit of the leading parties concerned, if that re-
public were called upon to make good suing, which it
could be proved had not gone into the pockets of its Go-
vernment, or been expended for its use. He contended
that the present meeting had a right to make an inquiry ,
as to the appropriation of the sums which had• been taken
from the subscriptions to this loan, because, on its due ap-
propriation to the purposes for which it was borrowed, de-
pended their only chance of repayment. Mr. Spagnio-
lacki, the Greek deputy, was now present, and from him
he hoped some information would be obtained on this
heed. The contractors for the loan were also, he con-
ceived, bound in justice to state what they knew on the
subject of the 'appropriation. It would be strange indeed,
if they could et no account of the application of the
money from either the borrowers or the lenders.—
The deputies, Messrs. Orlando and Luriottis, had been
agents engaged in this transaction. From them he
expected that some account should be given.--
He hoped they would not be such; traitors (for it would be
nothing short of treason to their country) as to lend them-
selves to any misapplication of the funds raised,for its use
at so important a crisis. It was his intention when he same
into the room, to submit some resolutions expressive of the
necessity of obtaining information on the points to which
he had adverted, and of taking some steps for that pur-
pose ; but from what fell from the gallant chairman, he wax
led to expect an explanation from some gentleman present.
He would .wait therefore until that was given, and reserve
• his resolutions till afterwards..

,The CHAIRMAN here requested Mr. Bowring would read
it document respecting the accounts, of which he had got
poillieSllloll.

Mr. BOWRING hoped, that in submitting the account
to the attention of the meeting, nothing in the nature
of personal attack or imputation Should escape his
lips. It was his intention to abstain from any thing
of the kind. He had no other interest in these matters,
than that great one which he felt in common with so
many of his countrymen in that holy cause to which
they related, and nothin could be farther from his
wish (because nothing could be more injurious to that
cause), than to mix it up with,pe.rsonal contentious of any
sort. He would now lay before them the statement given
by some of the parties concerned in the application of the
sums raised by the late Greek loan, and explain how the
eiouutent came into his hands. But, first he must say,
twitti respect to -the Greek C.,ummittee, thg they had zw-
hin,. to do with the second Greek loan. was rusuao
pn A', rut of the Greek Government, by the D!puttes,
Messrs. Orlando, Luriottia, and Zahni. This last Deputy
was subsequently replaced by Mr. Spagniolacki. Some
time ago this gentleman transmitted to the Greek Com-