The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-02-20
The DEFERRED DIST OF SPAIN.
Appeal Of tie Creditors to the
Ne.W York Herald.
nemsr al to the Emperor ef Francc-Thc
B1shts Of the Creditors FaithIes Proceed
lngs Of the spsnkh Government History Of
the Debt Virtual Rcpudlatlon BY spain
the Question to be Submitted to tho En-
ropean congress,
&C., &C., Go
70 InE EDITOR or THE NEW YORK HERALD.


AMSTERDAM, Jan. rs, 1890
We have the homer 10 remit TO you by this days mail
p,rn,ed copy " the PETITION which We have just i'd
ctesssd TO th.s. sovsrcgDs and which may
part The Congress which has been spoken Of for
lime past
This petition the complaints of the bondnolders
o. the deferred debt three per cent Of Spain, date Of
1851, wronsea by q nation, who, although largely pos
sessed Of the OF satisfying its obligations, at
uAaght most sacred promises
Your esnmable jourpal has defended various
stems with much zeal talent these fair principles in
matters of finance, and especially the legitimate
ea,ms Of the deferred debt Of Spain, which many Of
your countrynen interested.
We hope, then that you will publish in your Journal 20
asy appreciated the complaint addressed by Us TO the
sovereigns, and support with energy cause which
merits the sympathy Of all honorable and just men.
The documents which have the honor Of sending
you copy at present will prove 70 you that the 60
of h Majesty the Emperor Of the French takes
also a vital interest in the success Of the affair.
Allow US, SIR, TO call your attention to matter that
does the sole question Of money, but the
very imp,an, one shall Ssae in Europe be permitted
se muy substitute for right its dealings with
priv persons OF other countries, with which
good erlnss
you viii lake the trouble TO engage in this matter,
have the kindness 10 send us, under cover,
copy IN which II NJ referred 10.
Although your journal is we'll distributed throughout
HoaDc- vail be very difficult W procure here the copies
which wsh meantime to place before the general
meeting OF those Interested, which will be probably held
here shortly
Please sir, accept advance sincere thanks for
your Of SO usi cause also the sssur
VI ,he high consideration with which we have the
honor W he, Jour very devoted servants,
w BOONACKER.
MEMORIAL TO TIDE EMPEROR OF THE FRENCH.
R-Tle uHdersigped, of the court of North
srS holland, employ ed on the pat OF great number Of
she bocers tcstes OF the Three cent Deferred
Debt Of Spain OF is3iHoandes as well "a Frenchmen,
Germans ana Beig,snsto submit To your Majesty their
complaints against the Spanish the subject
abe unheard Of refusal Ia fu nj their obligations the
above creditors, believe themselves justified, owing the
OF their bad faith Of
SPANISH government taking the liberty, under the pre-
Sent circumstances Of very respectfully approaching the
sympathy AID Of their rights shamefuly Land aside and
neglected Tor ong series OF years.
The origin ,he Deferred Debt dates back far the
Cortes the absolute government Of the late
KING Ferdinand viI which did recognise the legality
snese loans, found tse however in 1881, bound Of It's
free will TO offer small indemnify consisting Of
bonds deferred deot ~ the holders Of the bonds Of
the Cores.
anuet paltry ana contemptbe, succeeded IN obtaining
eonGaons much more advantageous, while the French,
German Holland aud Belgian creditors, who had agreed
10 creation die debt were inSS4 dispos
ssssed, FACT OF all their rightsfor these loans, con-
Nacied hst by the Constitutional government and AZ
ratified by the absolute Ferdinand
loans whose hgaiiy thus IN an incopstssabe manner
have, i've years, excluded
from the benefit # the public debt of SPAN aud great
pomoer OF families have cruelty despoiled Of their
and reduced 10 misery ny h,s breach Of faith,
which has parallel in the history Of civilized nations
rhe sole question money not setated in this mat
ei rather the principles Of justice AMI public mo-
ra!iy, of which the European Powers are the NOBLE
guardians.
Tne constant Of the governments Of Europe Is to
make right prevail force many years justice
and good faith have alone their rule conduct
matters relating private interests The Spanish
meDt the ouly thinks dispense with the
SHi lyns
con1ded their fortunes 70 II, and given
proof of tDcir spirit OF ooncon bv previously accept
ing from this same government proposition that deprived
them Of ,he greater part OF what WAS their interest
It's true that We have some States njure the in
ters,s OF their creditors but whenever spectacle
presented To Europe, there have always been some
extanuaing motives, al least some pretexts Ter not
falahng Their nts contracted Thus when Por-
tuga repudia.e1 the loans OF Don Miguel, the reason
alleged that those loans origioated under IN Illegal
government Greece does not pay the loans contracted
by Ms Eai nal Congress because she asserts that her
yet sufficiently developed, and that
abe IS unable 10 satisfy them.
But speak OF debt which only amounts at the
present 70 capital abDut five millions OF dollars,
ae legality OF which has been recognised by every sue
ccedDg government III SPAN ana has never been dis
pued by any ut The ministers who have 10 turn managed
the finances of lasi country We speak Of government
the last fifteen years has nearly doubled its reve
pSe, and which does lot what owes for the only
not wish % sothat such is It's good
pleasure and that the capitalists Of the couotry, who
kno~ justice rendered to the Deferred debt OF 1881
would establish The credit Of spain all the exchanges
Europe wish by every means " keep the state under
their manag cement
ThAta hourhing country, and one in which the expen
s<s are less lan revenue, should defauer
erediiors rs 10 lower itself voluntary Of bank
that has never before been seen among
ihe people OF Europe.
win you permit US Sire make you acquainted with
Of that the several committees
OF holders Of the deferred debt have for the last seven
addressed to the government Of her Catholic Mues
", whose advisers have more than once ackno~
LEGGED perfect correcuees 10 the facts related In
thai meiuoraDdun ana The oece o the reasoning winch
supports 70 ~, o.,,o-. ,. ~ ..,., occasion.
been supported by the nmens OF France the Meth
sriands AMI Belgium. notwithstanding, the Spanish
ministry, while acknowledging the lawfuness Of those
sEins, has only made evasive answers W them Con-
sder atoms higher order might have determined those
govsrpmenis not make until now OF proper means
" insure better TO the which they have
taken Under their protection.
But, u, this moment, presents IT,
hseii which seems ought 10 induce European govern
nents to intimate to spain tue sentiments With which her
procedure inspires them. Congress 10 on the eve Of
assembling winch viii have TO decide questions in which
val be involved the peace OF nations, International law
aDG the serious interests OF society will belong
abe POWERS of Europe and 10 the govern
nent o; your Majesty, decide they admit in the
huh asse mbiy when the Of JUS
ace ana ally, which for the Last twenty nve
years has constantly oonf,rm the simple die
right have the least regard tor the sacred
engagements winch iha, has not dared
~ doubt The piraes Of Agtrs aud OF Fans have been
miesng tho ana sezing upon tue vessels OF
nations with whom they we're ~ peace. negro the
tyrant OF Hayu has refused TO ula the engagements
openly maze by his country; but never have the Eu
yopean Powers thought of admitting either Hayn or the
States Of BArbary TO their cebberatoDs
Your Malestys government will be able TO appreciate
far better aud cients political
OF superio oraer nshs, Notwithstanding, iniuce
Me other soverens 70 permit their representatives, 10 cit
nj the side OF Minister Of country which has commit
OF the iagr ant acts OF bad faith which the
world had TO suffer in days. aud waco, spite
Of the pressing cains seems wiling perpetuate
the spofat,or.
Whatever may the decision of your Majesty govern
rner, on that subject feel certain tina, ~l delgn,
N high WISDOM, the Congress- which "a sole mn
assembly, Instituted with the noble dssgu OF causing
right 10 prevail force every where Elrois, Will
pCt have TO examine the proper means to pat
end 70 . state Of things which constitutes tho
aArrant violation Of that sacred principle, % ap-
piy some eficacicos remedy to restore IDEAS
II atty and good faith government, the organs u
which now trumpet forth loudly the oosst Of glory,
right and honor. -
(orvIpced tbs; your majesty and your are
falv mpreseed that pubic offence, which, from s very
uature submitted 10 or insfy tribunal could
tod In II uetru1euI large