The Sun.
London, England, 1842-12-26 00:00:00

" Excellent Sir—Your communication upon the
subject of the Spanish Treasury Bonds, made last
September, led many persons to believe that some
speedy measures of relief were proposed. To make
you acquainted with the assurances and promises
which had been held out with regard to these claims,
I enclose copies of various decrees of your Govern-
ment, and of various advertisements published by
Count D'Aguilar, which announce payment of both
principal and interest conformably to the decree of
November, 1836, under which we claim. I need not
say that the decree itself, as well as the promises so
made, remain unfulfilled to the present day. To the
astonishment of every one a fourth dividend is ac-
tually announced upon the newly-formed consolida•
tion of coupons of later date, whilst not even
the interest on the Treasury Bonds, which are a re-
deemable security, is provided for.
" The Treasury Bonds are, of course, a security of
a superior kind, resembling, or intended by the Cortes
and Finance Minister to resemble, securities circu-
lating here under the name of Exchequer bills. The
neglect of the Spanish Treasury Bonds circulating
(for a large part have been paid off at par, as is well
known), so contrary to the spirit of the decree of
1836, and so opposed to the Ambassador's notice of
payment of 1837, has the effect of destroying their
value completely, and, in short, amounts to and ope-
rates with all the disastrous influence of an open re-
pudiation both of the claim itself and of the decree
of 1836.

" This cannot surely be your Excellency's inten•
tion ; if it is, however, pray acknowledge it forthwith,
and put an end to suspense and misery.
" Your Excellency's last letter most assuredly led
many persons to anticipate a very contrary treatment.
"Funds you now have in abundance. They were
led by that letter to expect a speedy and satisfactory
settlement of this long protracted question. I ad-
dressed two memorials to the Regent upon the sub-
ject, and again beg the earliest possible arrangement;
this claim is pending since 1836.
" The decree or pnyet de loi' of Senor Rull was
rejected at the public meeting, because it not only
cancelled all the valuable privileges of redemption at
par within a specified date, viz., 6 and 12 months,
secured by the law of 1836 (which and which alone
prompted persons to purchase them at all), but actually
called upon the holders to submit even to a reduced
rate of interest of from 5 to 3 per cent. ; a proposition
so at variance with the spirit and letter of the law, that
it seemed only an insult to the parties, many of whom
had been induced to purchase the said Treasury paper
at 601. and 701. per cent. in 1837, interpreting the
law and the Ambassador's notices of payment in their
plain and literal and common-sense meaning. They
have to regret, as your Excellency will easily conceive,
their most misplaced confidence.
" The Earl of Aberdeen kindly interested himself,
and has made appeals in our behalf. To him I again
appeal.

."
I do once more implore a speedy and final settle-
ment, and that your Excellency will acknowledge as
early as possible the receipt of this letter.
" I remain, in the meantime your Excellency's
most obedient humble servant,
" JOSEPH TASKER,
" Chairman of the Spanish Treasury Bondholders.
" Committee-rooms, 3, York-buildings,
New-road, Dec. 20."

LAW INTELLIGENCE.
COURT OF BANKRUPTCY, Dec. 24.
IN THE MATTER OF GEORGE JOY.

The petitioner, a gentleman highly connected, who
is eighty-two years old, and at present confined in the
Queen's Prison, applied to be discharged under the
New Insolvent Debtors' Act. Mr. Joy had been in
prison since June 1841, and was now brought up
upon a writ of Habeas Corpus. His debts amounted
to 10,000/. ; he was engaged in a suit in Chancery,
from which he expected shortly to obtain a sum of
26,0001., the Master in Chancery having reported in
his favour.

Mr. PLATT, Q.C. and Mr. IVALFORD, of the Chan-
cery bar, contended the Commissioner could order
the prisoner to be discharged under the new Act.
The petitioner was not a trader, nor had he become
indebted otherwise than in a proper manner, having
reasonable assurance of paying his debts when he con-
tracted them. The Act had clearly a retrospective
operation by the words " who shall have become in-
debted." The Act distinguishes those cases in which
Personsnbeeec.a”m eiinvolved
thereby
had been h
"fraud, or grnoostsoi
nrgof h
culpablete
sort ; this gentleman would pay all his debts upon
the termination of the suit in
tCohlreceort,siuintil which
time he wished to be allowed
and attend the more easily to prosecute thee Itsupitrisolift
had been suggested that this Act would not apply to
persons in prison. The preamble stated that the Act
was to enable the Court to protect from all process
could
flo bre the
brought
such as came within its meaning ; it could never have
been intended that because a man was in prison the
operation of the Act was to be stayed. The Court
would at any rate grant an order N psi
dis-
charge of the petitioner until the case cul
before the Court of Queen's Bench and decided.
In opposition it was contended that the detaining
creditor only wished for security, and had no desire
to keep the petitioner in prison. The property was
vested in the Insolvent Debtors' Court, and this
Court had no power to interfere in the matter.
Mr. Commissioner FONTILANQUE expressed himself
clearly of opinion that he had jurisdiction concurrently
to grant an interim order of protection, notwithstand-
ing a vesting order was made by the Insolvent Debtors'
Court. He should not order a discharge, as the ques-
tion could be decided by the Court of Queen's Bench.
He would grant an interim order only until the 14th
of January.

COMMUNICATION BETWEEN INDIA AND TRIESTE.—
' The company of the Austrian Lloyd's at Trieste has
published the following details relative to the com-
munication between India and the Mediterranean by
Suez and Alexandria :—" The Austrian brig Pylades,
Capt. Feoris, has just arrived from Alexandria with a
large cargo of tea, rice, and indigo, brought directly from
India to Suez by the Indian ship Bengalee, and thence
to Cairo on camels' backs. This fact is interesting,
inasmuch as it is the first cargo which has been con-
veyed directly from India to 'Trieste. We are assured
that carriages on two wheels are now in progress of
construction to convey merchandise from Suez to
Cairo, which will effect a considerable saving in the
price of the conveyance of those articles. In future,
merchandise intended for consumption on the con•
tinent of Europe, instead of coming round the Cape
of Good Hope, and remaining for months in the ware-
houses of England, can be conveyed to Trieste, Leg-
horn, or Marseilles, within two months, which must
add considerably to the commercial advantages of
those cities."

At Wells, near Ling, where the staff of a regiment
of hussars is stationed, two soldiers who were exer-
cising with their comrades fell down, and one of
them having shown some clumsiness, the officer in
command (the Chevalier de L—) had fifty stripes in-
flicted upon him. When the punishment was at an end,
the man went up to the officer and struck him a blow,
The officer instantly drew his sword and killed him.
At this moment there was a general murmur through
the ranks, and tho exasperation having become gene.
ral, four of the soldiers fell upon the officer, and with
their sabr s cut him in pieces.—Leipic Gazette.

even a passing allusion to the dishonoured bonds in
question, and more recently an advertisement has ap-
peared in the London journals, declaring a fourth
dividend payable on newly created 3 per Cent. Bonds
formed by the capitalisation of a certain amount of
interest on irredeemable stock accrued up to the end
of 1840, but in which advertisement an equal silence
is observed with reference to the studiously over-
looked Treasury bills due in 1837, and actually ad-
vertised for payment, as the dividend on the new 3
per Cent. Stock is advertised now, with the difference,
so worthy of being borne in mind, that the advertise-
ment touching the Treasury bills had the name of the
Spanish Ambassador attached to it, while the other
has but that of an inferior agent.
" I should be led again into the expression of very
loud complaint at this unheard of treatment, but I
fear I shall intrude too much on your Lordship's
valuable time even by requesting, at your Lordship's
leisure, the perusal of the accompanying documents.
My Lord, if it is the intention of Senor Calatrava, of
General Sancho, and of the Spanish authorities to re-
pudiate both the sacred securities created in 1836,
and the solemn decrees under which they were created,
in God's name let them do so at once openly. This
act of bad faith, so atrocious would it be, and so un-
exampled, I believe they dare not for shame openly
avow; but let them then either pay forthwith, or re-
pudiate and put an end to the disgraceful, tantalizing
system of promising eternally, but without making
any approach whatever to actual performance.
" Our Treasury Bonds, which were at 70 per cent.
in 1837, and no interest overdue, are now, my Lord,
worth only about 201. per cent., and unsaleable. This
including, as it does, 301. for six years' interest, gives
about 14 per cent. for that which cost myself and
others (the victims of Spanish duplicity and of the
misrepresentations of an ambassador) between 601.
and 701. per cent. in 1837. I hope your Lordship,
if you cannot obtain redress, will not simply require,
but command and order the Spanish authorities here
in London to desist from such barefaced deceptions,
and write for peremptory orders at once either to pay
or repudiate the claims.
" The letter, addressed to Senor Calatrava, of which
duplicates accompany this, I beg may be presented to
him by the English Ambassador at Madrid. Your
Lordship will see how and in what manner his pro-
mises to Mr. Aston have been fulfilled. Begging to
offer an apology for these continued intrusions, and
lamenting as I do most profoundly their necessity,
" I have the honour to remain, my Lord,
" Your Lordship's most obedient humble servant,
"JOSEPH TASKER, Chairman.
" Committee-rooms, 3, York-buildings,
" New-road, Dec. 20."
" TO HIS EXCELLENCY SENOR CALATRAVA.