Star.
London, England, 1823-06-23 00:00:00

THE COL9MBIAN LOAN.

At length something decisive on this subject has
been received. The following intelligence is ..eaa.
tracted from a Supplement to the Kingitoaklamaica)
Chronicle of April the 22d :

" Cbroniclao6ee, April 12.
" By the arrival of the schooner Carolina this day from OWt
tbagena, which place she left on the 15th, we have been fug+
Malted with as Gayeties to the 11th ultimo inclusive, in which
we have the proceedings of Congress, which met on the 12th of
that month.
" What we have long apprehended is now realised; that the
late Dlr. Zea, in the Contract into which he so adroitly inveigled
the monied people in London, had played a deep game; such a
one as will, no doubt, become as memorable in the annals of
Stock Jobbing, as the famous South Sea Bubble, or the more
modern hors of my Lord Cochrane.

" We fear, exceedingly, that this unfortunate event will not
stop here; but that it will be followed up by similar acts of the
neighbouring States. who may have resorted to British capitalists
for money; and that Many innocent persons may yet have to
lament the-precipitancy of those who ought to have deliberated
before they became the victims of this passion for Colombian In-
dependence.. We shall dot offer any further comments on this
very unfortunate-Art:suction, but proceed to lay before our
Readers the Gazette account of it.
" It was propOsed that the proceedings of the late Mr. Zea
should be discussed, and that the Report of the Committee ap-
pointed to inquire into the nature of the negociation and con-
tract by which he intende'd to have bound the faith and pledged
the credit of the Republic, should at once be laid before them.
" Don Pedro Gual then produced the called for,
signed by Signor Castillo and himself, in whichl set forth—
' That the late Mr. Zee's power vested in him by the acknow.
'edged Authorities of the Colombian States, was for a political
and not fur a financial object; and that any financial arrange-
ments, therefore, of the nature of those entered into, or into
which he appears to have entered, and by which be has •atl,
tempted to bind the faith and pledge the honour of the Repub-
lic for its due performance, was unauthorised, and di-direct op-
position to his instructions. .
. .
That without being enabled to ascertain the tact,. they pre-
some the contracting party must have been aware delis power',
of Mr. Zea not being for a financial purpose; And that they
acted in unison to pledge the faith of the Republic, UV* ex%

pensc of Its credit.
. •
That it appears that the contract entered into was:efne in
which private interest was more consulted than the credit and
public good of Colombia.
That the first arrangements entered into, which subjeCted
the Republic to the payment of large aunts, fur which Deben,
turn were issued at 'a must exorbitant rate of interest, was
never sanctioned by the Executive, and of which Mr. Zea was
officially informed; and his reply, assuring a ready adherence,
is before your Committee.
That any subsequent negociation entered into for the can-
celling of these documents, was in total opposition to the avowed
instructions given to Mr. Zeal injurioukto the interest of the Re-
public, and tending only to the advancement of individual views.
That from the accounts of the second transaction, which we
now lay before your Committee, the credit of the Republic ap-
pears to have been but a secondary object ; and that from the
proceedings, it is evident no good could have resulted from it,
had it been ratified by the Government. _ .

' That It be reconinwnded to Congress to refuse, by every act,
any proposal for a negotiation of the Loan.
"fhat it be suggested by Congress now assembled, that these
.sentiments t•f yota Committee be generally promulgated ; being
in unison with those of the people whom they represent, and
such, in which they trust the honour of the Commonwealth has
beta, faithfully and guardedly watched.
That it appears, that some portion of the money from this
Loin, has been appropriated to the purchase of vessAs, imple-
ments of war, warlike, and other stores, as well as received into

the Treasury of the Btate • and that it be recommended to the
consideratiun of Congress that the Board of Liquidation do au-
florise and appoint competent persons, by commission, to value
all such ship.. implements, and stores, as well as to ascertain the
sum or sums of money received into the Treasury; and that
such measure be forthwith thereafter adopted, to ensure the re-
p iyateot of the same; but that it be strongly urged to such Com-
missioners, the necessity of not considering the Republic pledged.
for .T. 11,, pa) merit of such arti:les as shall appear to them to have
burn sl. l.ped, without a due regard to their having beat first fit
to it. service.
' That it be recommended, that such payments be made here
to the authorised Agents of the Contractors; but should there
nut be any person or persons in whom authority s vested for that
purpose, that it be transmitted to the Representative of the Re-
public in England, to be by bun appropriated agreeably to the
Instructions of the Executive.
• That in so strenuously suggesting the foregoing measures to
the consideration of the Congress, your Committee have been
actuated by the highest sense of honour for the welfare of their
country, at the same time serloudy regarding the faith of the Re-
public, should it have been honourably pledged. But under cir-
cumstances like the present. were your Committee to recom-
mend the adoption of measures that W%t tend to sanction the
conduct of Mr. Zea, they feel that they would be establishing
suck precedents as might eventually involve the State in the
most seestyicable and insurmountable tlidieuldes, as well as open.
ing the door to fraud and gross imposition.'
•' The above Report, and its recommendations were agreed
to, and read a second vitae, with acclamations, their being only
four dissenting voices, and consequently was carried by A great
majority. The sensation wisich was sacked in the minds of
some English traders at Bogota, on the delaration of the Cont.
guess, was inconceivable, as they were previously under the
strongest Impressions that the Government would at once recog-
nise this Loan, although the leading persons in the Blinistry had
decidedly declared against it."

A Pamphlet, entitled, 64 Letters to the Contractors
of the Colombian: Loon," has been published, which
has excited considerable attention. The author_ has
brought into a small compass the principal arguments
which bear upon the question. The positions are
stated with considerable force, and the most promi-
nent of them are contained in the following abstract
Ist. That the Loan is illegal, not being founded on
any Decree of Congress, and that the Contractors are
fully convinced of its illegality.-2d. That the lie.
bentures created by. M. Zea were never ratified, and
that the payment of the principal and interest due
thereon was unauthorised by the Government.-3d.
That the Proclamation of the Vice-President, Sant-
ander, was intended as a notice to the Public of the
irregularity of M. Zee's operations.-4th. That the
posters of M. Zea were fabricated, having been
written on blank powers, committed to him for other'
purposes, and that the contractors had notice of the
revocation of the powers before the Loan was con-
tracted.-sth. That the ratification of the Loan would
be inexpedient and unjust. It has been reverted that
this pamphlet is written under the direetton of Mr.
Revenge, to prepare the Public for the official an-
nouncement of the non-ratification.

A letter from Aleppo, dated April 8, says :--There
is nothing new from the frontiers of Persia; things
remain as they do at St. Jean d'Acre, in stegst quo.
Shocks of earthquake are become very infroLuente
and are hardly felt. For the present, we enjoy repose.
There is a report, but very vague, of some deaths
cholera morbus, on the coast, of Antioch. I
fur that this contagion will break out and spread.
wednesday last, the King of the NZTHULAMMI
attended Divine Service at the Church formerly be-
longing to the .6.ugustines, in commemoration of the
wale of Waterloo. The ringing of all the bells in
the evening and this morning announced to the citi-
zens the anniversary of that memorable victory.

1
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THE kyriiNo:sTAk: .

LONDON.

MONDAY, JUNE 23, 1823.
THE FUNDS. - •
STOCK 'EXCHANGE. TWELVE O'CLOCK.
ConsolS opened this morning at inn I, at which price they
continue; with little ifusitiesa doing. A report prevails on 'Change
that Valencia Mid Tortona have surrendered to the French.
FORETON FUNDS.

Owing to the unfavourable intelligsnee from Colombia, the
above Bonds fell from S 5 to 48, 50. Spanish Bonds 'opened at
32, with a heavy Market, and little doing.
Current Prima: New Spanish 314 to 32, New Prussian 844,
Russian 80, Danish 90, Colombian 50.
PRICE OF STOCKS AT ONE O'CLOCK.
S per Ct. Redu. BO'4 IA 3/4-4 per Cts. Qld 977# 98
Bank Long Atms. 20 7-16 3/4—lndia Bonds 38s. 40s.
Exchequer 'Bill: ,000) 17s. 195.--Small 18s. 20s.
Consols for Atct. 813/4 3/4.
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