The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-11-18
Interesting from Honduras.
CUR BELIZE CORRESPONDENCE.


bsdsan RauaSss and War, Followed BY Commercial Fail
uyes-A6aiys Of Hyde, Hodge Oo.-7rade Very Dull
Mahogany and Sugar Eaports-Fyne Weather-PuNic
Heauh Good-The Provision Aarka dc.
There TO be end 10 the strange events which
are 70 transpre in this town during the year.
During the first part Of ii in state Of alarm in
regard to the Indians up at the north. Then the
ghtful rumors of the intended destruction OF tho towns
Of Corosa San Esaven and San Padro, by band Of dis
sontented despcadoes residing on the northern borders
Of British Honduras. Next the attempt by por-
Of the gang 70 IRE this town, and to murder
and rob Of citizens, all Of which you were ad
yised Of as they occurred Then followed the conviction
q two Of the parties who had conspred TO burn this town.
TO murder rob Of citizens, and the severe
sentence the convicts of Imprisonment at hard labor
for ten years, and TO be publicly whipped through the
Town once in each six months during the term.
Next came the astounding news Of the failure of the
house Of Hyde, Hodge Co., of London, which carried
down the house Of James Hyde Co., Of this town. and,
consequent on them the houses of Carmichael Of Liver
POOL A. Montgomery Co.. and others, Of London; Carmi
cheal vdul and it is feared others will have follow,
as nearV all are large creditors HYDE Hodge Co. who
arc supposed owe millions of pounds sterling
The firm James Hyde Co. has been for years past
receiving interest the moneys of parties here who had
money to put at interest In nearly every case these
Of money deposited comprise the all OF the de-
postors who, if they not paid, will be ruined They
are in many instances widows Children maids and old
people who are now reduced to beggary, or will be if
the attempt being made by some Of the large cred
TORS of England to merge the claims Of James Hyde
n Of Belize with those of Hyde, Hodge Co. Of Lon
don, does not succeed. There has been meeting
Of the creditors OF James Hyde Co. in Belize;
sQt as they had no organization or head and
no concert system OF action, MIR. Hodge ma
naged 10 get resolution passed at that meeting to refer
the matter Chief Justice Temple of Supreme Court
This firmly opposed by the business men here
but they were overrued by the inexperienced, who all
shnk Chief Justice Temple will decide in their favor on
the score of their poverty and want.
This is very important question TO this settlement
and il is question of consequence 10 the commercial
wsrld-as the firm Of James Hyde h Co are abundanty
solvent they having than two and half dollars in
good property here for every dollar they owe while the firm
Of HYDE Hodge Co. of London owe thirty dollars for
every dollar Of assets The house here mas been conduct
ed fairly honestly and prosperousy, while that in London
has been stock (cooe and African speculation sustained
BY the cash deposits Of the people in this town.
In consequence Of failures business is very dull Money
s very scarce and there is such thing confidence
each seeks after what s due him and will take no denial
Credit suspended and worse and more OF seems TO
be ahead.
Our mahogany cutters have done well this year-that
is, they have got large quantities Of good wood; but
prices very low here and in England, besides which
there large quantities OF last years cutting sun on
hand unsod. This will soon be forced INTO market, and
sod most likely at great sacrifice which will seriously
solvent houses here the wood cutting business
Large quantities Of sugar and rum have been raised this
year at northward OF which has been exported
10 New Orleans and TO New York but how it is done
mystery to me- it is worth 81 here, cash. which with
with freight commissions and duty the United States
will exceed So per 100 lbs. And how it can be DONE and
made to pay is the mystery
We are now enjoying very delightful weather. Our
quite healthy, and our mahogany cutters are com
ing for the Christmas
There nothiog from the Indians in Yucaan Orr
soldiers who were up the borders OF territory have
returned to Belize. From Guatamaa, Honduras and San
Salvador there is nothing new since my last.
Our provision market s well supplied with everything
Our market for cochnea indigo sarsapariia and ores
very active.