Star.
London, England, 1825-03-17 00:00:00

PARLIAMENTARY PROCEEDINGS.

HOUSE OF LORDS, MARCH ;C.
Dr. Pnauxosi and others brought up a Message front the
Commons, requesting a Copy of the Evidence cabin' &Aire theli
Lordships on the Green Divorce Bill.
The LORD CHANCELLOR informed the Commons that their
Lordships would send an answer by Messengers of their own.
Mr. BILOGDIN and others brought up from the Commons the
Assessed Taxes Repeal Bill, the Imperial Gas Company Bill, the
Alliance Insurance Bill, and the Anambra' Certificates Bill, which

were read a first time.
Earl GROSVENOR resented. a Petition from John Gale
Jones, praying that their Lordships would interfere with their le-
gislative authority, in order to put an end to the disgraceful practice
of bear-baiting, badger-bunting, and other barbarous sports. There
were, the Noble Earl observed, three modes in which cruelty was
exercised towards animals: by open ill-treatment in the streets, or
anywhere ' • by bear-baiting and such practices as the present Peti-
tion justly reprobated ; and accidentally by fox-hunting, or any
other kind of bunting. Against the first their Lordships bad al-
ready legislated, by passing an Act to protect animals against brutal
ill-treatment. It remained for them to consider whether they
would legidate against the second, and put down all the cruel sports
detailed in the Petition. But if they did so, they could hardly re-
frain from adopting some measure against the third, for besides that
the practice was unnecessary, Country Gentlemen bad many im-
portant duties to discharge. instead of dedicating their time to fox-
hunting.—The Petition having been read, and laid on the table;
The question of adjournment was put by the Earl of Smarm.
' SORT who resumed his duties in the House last night for the first
time since the heavy calamity with which be was lately afflicted.

HOUSE OF COMMONS.
Mr. Jousson appeared at the Bar from the London Dock Com-
pany, with an account of the progress of their Works.
Mr. Alderman WOOD presented a Petition from the Brewers
of the City of London against the Metropolitan Water-Works
Company's Bill, and a similar Petition from the Hampstead Water-
Works.—The Honourable Member also ted a Petition from
the Ward of Cripplegate, against the Ile table Loan Bill.
The Imperial C.ompany's Gas Bill was passed.
Mr. J. SMITH presented a Petition from the Inhabitants of
Mile End and Stepney, signed by 900 persons, in favour of the
Equitable Loan Bill.
The same Honourable Member presented a Petition from Mr.
John Peters, of Dublin, preferring charges spina the Corporation
of the City of Dublin, Ind praying an inquiry into its conduct, and
that an Act might be passed for the City of Dublin, similar to that
passed in 1923, for the City of Limerick.
A New Writ was issued for* County of Bucks, in the room
the Honourable Richard Noel, now Lord Braybrooke; and another
Writ for the Borough of Dartmouth, in the room of the Honour-
able Colonel Stanhope. deceased.

Colonel TRENCH brought in a NU for erecting a Quay and
Terrace on the North Remit of the Thames front Craven-street, in
the City of Watminster,to Hlackfrlar's•bridge. -
Mr. CALCRAFT said, he should not occupy tbe time of the
House at fresent in pressing his opposition tot this Bill. If, how-
ever, the next Committee should report like the last, that the Stand-
ing Orders had been complied with, there would then be another
opportunity, for a trial of strength. He (Mr. Cakraft) was sada-
fied that the project could not hope to succeed during the present
Session.—The Bill was then read a first time.
Mr. WALKER presented a Petition from t►e Oordwainen of
the City of London, in favour of the Equitable Loam BEL
Sir E. KNATCHBULLrescated a Petition hew Oreauvriet.
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Mr. T. W,
the Tithes of
h rii;rMl INT
the Canal:
Mr. .
Mr. . WILLIAMS presented a Petition against tha South
London Dock 13ill.
Mr. CA LCRA FT presented a Petition from Gravesend, against
the Metropolitan Fish Company.
Sir E. HARVEY presented a Petition from Barking, in Ewes.,
against the same Bill.
The same Honourable Member presented a Petition from tbit
East India Directors, in favour of the FAA Loudon Rail Way';
Bill ; and a Petition from the Trustees of the Commercial Road
against the same Bill.
Mr. ELLICE presented a Petition from certain Owners of
Land and Messuages in the neighbourhood of the East India Ducks,
against the same Bill.
Mr. S. WHITBREAD presented a Petition from the Packb
of St. Andrew's, Holbotn, against the Equitable I out Bill, sad
similar Petitions from St. lotolpit's, Aldgate, and Mary.la-booli.
Mr. S. RICE presented a Petition from the town of Galway, la
hewer of the Manchester and Liverpool Rail Road Bill.
Mr. S. RICE postponed the
;Motion of the Honourable Mesi-1
ber for Waterford (Sir J. Newport) relative to Plurality of Rene-
ices, in consequente of the insiiiposition of the Right Honourable
Secretary for Ireland.

PASCO PYRIIVIAN COMPANY.

Mr. GREEN rose to move the recond reading of
this Bill.—An Hononral.le Member opposite (Mr.'
Hobhouse) had made statements injurious to the suc-
cess of the undertaking, but he would place against
that lion. Gentleman's assertions the evidence of Baron
4e Humboldt. The latter had described the district of
Pasco as abounding with silver, and he (Mr. Green)
was ready to prove the validity of the present specula-
tion before the CoMmittee. To skew the misconcep-
tions which were aloft respecting this 101, be should merely
mention that three days its be was asked if the ondertakko took
its name, Paseo, from that of as Hon. Member oa the other side
(Mr. Pascoe Grenfell), who was known to be deeply cencommr
in daises, let he (Mr. Green) would go farther, he expressly de.;
nied thi right of the House to enquire into particulars of adventures
which indiekluals might engage in—when they did not trench
se private priperty. He trusted the Home woad support
his motion.
Mr. HOBHOUSE feared he should be under the
necessity of taking up a greater portion of the time of
the House on the present occasion, than was generally
occupied by Hon. Members on the subject of private
Bills. He thought, however, the period had arrived,
when it betadse the duty of Pirliament to denounce
the pernicious spirit of gambling, which now prevailed
in schemes of this sort, and in which the House would.
become a sort of accomplice if it sanctioned specula-
tions without any real foundation. For his part, let
One man dupe another if he could on the Stock' Es-
change, but let him not come to Parliament to assist
him an carrying on deceptions to the injury of the pub-
lic. If individuals wished to mine, they might do so
without any Act of that House. His Hon. Friend the
Member for Midhurst (Mr. J. Smith) was, he presumed,
the Chairman of a Company for mining in Mexico, but
they did not attempt to palm, their project on the cs
munity by a BilL of .this description.., They bad seat
'out, persons to .Mexico 'properly qualified to ascertain
the state of the mines., and on that evidence they in-
tended to bottom their establishment. What he ob.
jected to in the present Bill was, that the framers of the
Company came down to the House solely to raise the
price of their shares in the Stock Market, and he was
going to add, that be had learnt many poor persons,
*ho, isy industry and thrift, had realised small sums,
were daily in the habit of drawing them from 'their
'Bankers, to invest their all in these new projects. Let
not the House aid in deluding those persons, by appear-
ing to sanction such schemes. No other Mining Com-
pany but the present bad sought an Act of Parliament
to give currency to its proceedings. It was, however,
be must say, hard for an independent Member
of that House to do his duty with respect to such
Measures. In consequence of what had fallen from
him on a former night, both private and public losses
had been taken to intimidate him from pursuing the
object for which be now rose. But to use a homely
phrase, it would be found, though Members might differ
on political grounds, they would not allow themselves
to be bullie& He should nest trouble the House to,
thew how the original projectors of this Bill contrived
to put large sums of money in their pockets. The cap',
pital of the Company was gated at one million, and he
would take for granted that there were fifty projector&
Between these fifty persons the stock of the Cobariby
was divided, in portions of 200 shares each, upon eads
of which shares each projector paid an advance of M.
making a total of 1,0001. But, before a single share
was brought into the market, the public who inquired
for them were told that they had risen to 161. each.—
Now, supposing each projector sold out of his 200
shares sixty-six, at 161. a share, that would come to
10561. or to 561. mote than the price of the whole 200
shares—and then he should have 134 shares clear profit,
without risking a farthing, which, at the same rate,
would put 2,1444 into his.pocket. The advertisement:
and puffs which were published in support of
pang, were really disgraceful The consequence ,
ever was, that the shares rose to 501. each, which
the projectors a gain, on the 134 shares, of s-
But if, like those of the Real del Monte Company,
shares should advance to 6001. or 7001. a piece,
projector of the speculation would realise .-
90,0001. without any risk whatever. This call
was made on the supposition that the original
were fifty in number, but he believed they
above twenty-five; and if so. their profit
double, or upwat di of 160,0001. each. He (I
house) found that the total capital of the :err
panies- which had been started in the City,
about 166 millions ; and he really thought,
mania extended to such a length, some check
be imposed on it. He would here trouble the
with the opinion of Lord Chief Justice Abbott,
recent occasion, Joseph v. 'ftevor, as regarded
speculations. It was as follows:
His Lordship said " That it was evident the action
maintained, at the Company itself was illegally formed.
parry peptised to lend money at a higher rate of interest
allowed by law, the whole forty thousand subscribers '
I denim conform to the regulations prescribed by the ,
Hamm regulating pawnbroker., or all that they did
mid ass remedy for it could be had in a Court of Law,

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What the Lord Chief Justice said then, strictly applied
to the present Company. He (Mr. Hobbouse) should
now advert to the two prospectii.es and a pamphlet
which had been circulated by the l'ascn Company, and
if from those documents he did not fully expose the de-
lusion attempted, he should never ask a Member of that
House to go along with him on any question. In the
first prospectus the Company stated that they had se-
cured by contract the Mines, and the heights of Pasco,
in other words on the ridge of the Andes. And from
whom had they so secured them ? from one Quetos, an
expatriated patriot, who, when La &ma and Canterac,
were in pncsessinn of Callao and Lima, was obliged to
fly the country and seek refuge in Europe. He cer-
tainly understood that subsequently the Company en-
gaged Queios, as an agent, and intended to dispatch
him to Peru. The prospectus went on to assert, that
such was the fecundity of the district they had secured
in the precious metals, that even the building stones
with which a small town in the vicinity was erected
' were rich in silver ore—(A laugh). The prospectus
proceeded to say, that the Complus, should not enter
:nto a rivalry with the celebrated Mines of Arumta and
Potosi, but they could maintain that those of Pasco
would produce a torrent of silver—(A laugh). He
should now allude to the pamphlet which the Com-
pany had liberally distributed both in and out of that
House. In that production they stoutly laid it dowa
that they should think themselves
.justified in coming
to that House with their Bill, if tt did not possess a
single mine—(Hear). But what said the prospectus?
—that one of the Directors was acting under the Go-
vernment of Peru. Might he ask them, whether the
Government alluded to was a Royalist or a Patriotic
Government? It was, in short, broadly affirmed
that the individual in question was acting under the
independent authorities of Peru, although at that
period, and until the recent victory achieved by
Bolivar, the Royalists were in possession of whatever
administrative power remained in the country 1 Could be
designate conduct ..of this sort more mildly than to
call it a gross delusion, when at the very time one of the
Directors of the Company was alleged to be acting
Isere under the independent authorities of Peru, no in-
dependent authorities whatever existed there ? The first
prospectus held out another bait. It stated that the
subscribers were only liable for the amount of their
respective shares, whereas by law they were liable
to the whole amount of their fortunes. and thus a
clause in the Bill directly opposed the prospectus... 4.
The object, it was plain, was to bare the shaves
greedily taken in the market in the first instance,
and let the purchasers abide the consequences after.
wards. He must further beg the attention of
the House to the second prospectus. In that the
projectors set forth, that not satisfied with the advan-
tageous bargain they originally concluded, they had
entered into a new engagement with one individual, by
which they secured to the Company 860 additional
Mines, each Mine occupying 1800 square yards. To
shew the House how little faith this Battering annun-
ciation was entitled to, be would refer to a book pub-
belted under the authority of the Viceroy of Peru. in
1796, and giving an account of the whole district of
the Pasco and Hualancah Mines. The work stated that
the number of Mines worked was 78, and of those not
worked 21, making in all 99—(Hear).—The owners of
the mines were alleged to be 102, and yet the Pasco
'Peruvian Company tells the Public that they have pur-
chased three hundred and sixty Mines from one per-
son. They likewise asserted the produce of these mine,
to be prodigious, although, in 1801, the Baron de Hum-
boldt computed it not to exceed 2117,465 marks. To
Isum up all, it was in short affirmed, that the prolict
tors possessed three thousand mines in a district, be it
remarked, containing not more than five thossaid
inhabitants, or a man and a half to each mine..
He knew by mines they meant what in this ceoury
were called shafts; but was that a fair way of laying
down the facts? They stated, moreover, that not opir
was coal provided for working the mines, but several
large reservoirs of water,aad some fields for thegrowtb
of barley. Now be it observed, those fields for the
growth of barley were jut 18,000 feet above the level
of the sea,and it was universally allowed by Naturalists,
that in the Torrid Zone even firs did not grow above a
heightof 10,000 feet. The fact indeed was,that the peo-
ple who worked the Pasco Mines were fed by prowl-
sloes brought from Lime, and from the same distance
at the opposite side of the mountains, at three or four
times their original cost. At 12,000 feet above the level
found of

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!, Metropolitan Fish Cosneb:ig:i and also a Petitign objection also occurred, Isolate at the present state of affairs; 'for; ,
in Owners of Vessels at ford, against the same Bill' said his Lordship, 'we camsot ' shut oar eyes to what is openly .
)WNIE brought in the and Leith Water- passing around ye It was the duty of the Court to state, that the
11.—Bead a Ant time. Company was is direct opposition to the statute of the eth of Oa% L 1 *v:
iMBTON presented a Petition from the Journeymen which was expressly passed far the purpose of prohibiting all
f Bermondsey, in favour of the Equitable Loan Bill. gaming and speculatisg is public funds and schemes. It
1 '1
ID presented a similar Petition from the Silk s. to him that the present was an illegal association—the la
WI LSON obtained leave to bring in a Bill for settling it were purely gambling transactions; and In such tramactioors,
14
of the Parish of St. Gime, Hari-street. where one man gained, it followed that another must lose ; k inn, / ‘
INT presented a Petition from Sidmouth, in favour of therefore, calculated to injure the morals of society, and ought net : i 1
:anal. to be re:noised in a Coon of Law." i J _____

r. eacn.— --.6..... •••sw-- ----
f his 200 pie who worked the Pasco Mines were fed by pro ;4. i
come to 'toss brought from Limp, and from the same distance
whole 200
at the opposite side of the mountains, at three or four
l l
times their original cost. At 12,000eet above the eve -
ear profit,
acne rate, of the sea, Captain Cochrane found no trace of vegeta-
tion but a solitary shrub. 'Now who was the Gentleman IV
rtisernersts
the Corn- of whom they had bought these S6O mines--and who ,
was to secure them either in
lence how.perpetuity or otherwise, as
the laws of Peru admitted ? Chf3e:hen was this owner?
which left
6,700L__ Don Juan Vilma, a man whose goods were confiscated
npany, the by the Revolutionists! So that to the one case the
piece, each Company dealt with a runaway Patriot,and in the other ,
eighty or with a runaway Royalist. They say, however, they are - 0
calculation informed by San Martin, that the sequestration would,
I projectors never be performed by the Independents; but what was
were not
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San Martin's word,when be himself was likewise a run- . • . . '
away, and when the reason why the mines were not ' - ~
would be -
(Mr. He*. seized was because they weie left desolate. 'The Coo- • l'a
fetal Corn- puny further asserted they had coal to work the. mines •* _ )41.
y, came to
nothing to work them but peat. It certainly *as Inn,*
on the spot, but Baron de Humboldt said that thew was
when the
:k ought to ,-,
the House that soak have since been distovered,bat they are lowee
dowi, and must be carried up to the mines by males, ,
ben, ea a or the Alpaca, which were beasts of very small burden.
ruled these The projectors, however, asked Don Juan Vivea what
the returns of his mines were? and he fixed them at
1 cow not be 100,000 dollars a week for one mine. The Gazette of ,
1. The Cons- Lime, on the contrary, alleged them to be 50,00 Q dole
terra than Is Lars a week for four Mines, and *was conclusivPas to n
to It wust the ...lite of the property, that it sold for a sum between '
e Act of Par- '
three and 400,000 dollars. Ft om this property the pro- '
id was illegal,
tw. Another jectors reckoned at least on a profit of 60,0001.wyearlisit
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