The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-06-09
LENA, May a, 1873.

LENA, May Al, 1873.
After many weeks OF patient waiting the govern
ment and the community generally were gladdened
by the receipt OF telegram from London, arriving
here the nth inst, announcing the pleasing in
teligence that the Syndicate In London had APP
proved OF the new conditions under which 1t is pro-
posed to noat the remainder or the Peruvian loan
for f36 900, authorized by the Congress Of 1871,
and doubly ratified by the National Assembly,
which adjourned on the 2Sth OF April last. 1t was
at one time feared that the many and simultaneous
efforts now being made in England by different
foreign States 10 obtain money might, In manner,
embarrass the action Of the financial agent OF Peru;
but from the sanguine hope entertained by the
eminent houses in whose hands the interests OF
this government placed we reasonably
expect now brilliant success. Nor should 1t be
otherwise. In notable contrast to the sister Re-
publics OF Mexico and Ecuador and others OF the
numerous family, Peru. even in times OF domestic
distress and calamity, has faithfully and with the
most commendable punctuality discharged her
obligations to her creditors abroad Her vast
| wealth, SO singuariy derived from her grand de-
| pOst, has always been found sufficient to main
| tain the national reputation for credit and hon.
esty Nevertheless, from the reasons before men,
toned. some little anxiety was manifested with
respect to this particular operations but all doubts
have now vanished before the certainty OF success.
The premonitory symptoms Of triumph were con-
song. The consolidated bonds OF the Nepub-
lie 1870 had advanced considerably in
London after the receipt OF the news an
nouncng the continued tranquility OF the country
and the facility with which the people themselves
an unprecedented event In Peru-frowned down
all endeavors to DISTURB the public peace, and at
| the date OF our last advices from London were
| still advancing in value. And although the Re.
public may, in the course OF few years, trust to
its own resources, 1t is at present In the position
OF many nations whose wealth must receive assist
ance in its development from the great money
| markets abroad.
THE GUANO DEPOSITS SOCIETY.
/ 1t will be remembered that the receipts from the
| sale OF guano devoted exclusively to the pay
ment OF the principal and interest OF the foreign
| debt. The following statistics may prove, there
70 be sas Is ISL the quantity Of TINS
amounted to 100000 tons, representing Q
gross value OF f5. $40 1863, an increase In tons OF
$4,000 and corresponding increase in receipts Of
ISIS, hs-no inconslderable sum when it IS reco.
lected that it Is employed alone in the service OF
Obligations which may reach TO from fifteen to
posing that the revenue derived from this particu
lar branch might prove insufficient for the purpose
proposed, Peru guarantees her debt with the add-
tional pledge OF her railways her custom house re-
ceipts, amounting yearly to nearly eight mil
lions OF solcs before the recently imposed tarin,
which it is presumed VII augment the income from
duties at least twenty 1--WE per cent and moreover
offers her prospective gains OF two millions Of soes
per year from the restriction shortly to be placed
| on the expectation OF nitrate OF soda.
For these reasons the syndicate in London, after
! feeling the pulse or the money market, teleGraphed
to President Pardo that all was well. and tnat the
first opportunity would be improved to float the
| portion Of the loan referred to yet remaining
HONE EFFECTS or THB TREASURY OPERATION
parent In commercial circles. Exchange foi the
last three or four months ruling at ruinous rate
erations OF all descriptions have resumed their
wonted activity, and the banks, unwilling to dis
the public generally The great secret IN this
entertained BY the nation in the prevalence OF
peace. The "age Of ir0n' has in verify passed
| away, to make room Tor the more prosperous era
OF gold ana increasing wealth only to be attained
| by the sudden transformation which has been
effected in Peru, the bankers shovel and the
! farmers plough having taken the place OF the
pistol and bayonct.
| The active prosecution OF the vast works OF M
| ternal Improvement now in progress Is guaran-
teed. Mr.. Pardo sure OF sufficient revenue rom
| the internal taxes, duties and contributions, can
apply the necessary sums for the conclusion OF the
contracted railway and other enterprises rom the
| amount 10 De received from the loan, and these
| undertakings. destined to raise Peru TO
| viable rank among nations, TO open her hitherto
| concealed wealth TO commerce and industry, and,
more than all, to AFFORD means OF profitable veli-
| hood TO those OF her people VINO have up to the
present time been forced gain their bread by
their prowess In battle and revolutions. have,
| with the success OF this financial operation be.
| come accomplished facts. The Republic reloices,
ana her friends Will unite In her sell congratula-
ton.
The last intelligence from Bolivia ls highly salts
| factory although somewhat unexpected Congress
met on the 2sth ultimo and alter a careful exam
nation OF the election returns, proceeded 10 de-
clare the successful candidate. on the Hrsts vote
BalliyIan received thrty-sne sanrares Corral
or CorT'al's friends detected the doubtful nine
united on Balliyian and he was declared consttu.
term ending in August, 1911. Up to very recently
the chances OF Corral's victory appeared certain,
the held Of action proved fatal to his hopes.
Bolivia may at last ellciiate herself on the posses
/ people, aud the result Of the first popular AMI
| bloodlcss election ever held in that hitherto
SKETCH or THE NEW PRESIDENT.
Colonel Adolio Balliyian the present Chief OF the
State Is the son OF Grand Marshal Baivian, whose
name Is nonorahly and inseparably linked with the
early history OF the Republic. Colonel sBaliivian 10
about forty-five years OF age, weleducatcd, trav-
! cded trend progress and fully apprecatfpg tho
immense benefit TO be derived from the assistance
his nrst steps win be the Construction OF roads
placing the interior OF the state N conneetion with
! berless valuable products now almost Improbable
| from the inaccc SslbiIty Of their position
ice under the most favorable auspices. The
7 country Tranquil, the beope contentcd his porti-
@ fns
and industry are necessary to place Bolivia IN her
proper rank.
HONOR TO PATRIOT.
One OF the most interesting incidents OF the in
auguraton was the spectacle Of the entire Assem-
| bly, escorting the venerable ex-Presdcnt Frias TO
his modest dwelling, the people following in
| crowds and cheering the noble veteran who SO
| brayely assumed the reins OF power when the
country convulsed by the assassination OF Morales
offered but slight inducement to ambition save
that excited by patriotism and desire to serve the
| interests OF the nation. al
| THE BOLIVIAN TREATY WITH CHILE.
The recent treaty, or rather proposed treaty. be,
tween Bolivia and Chile, BY which the latter hoped
to aggrandize large portion OF the most valuable
territory or her weaker neRnbor, may DC con-
sidered as dead letter Ballivlan, the President,
| has decidedly expressed himself against such I'M
| warranted pretensions, and the Chilean govern.
ment having lost the cooperation OF us ast 1rlend
L ally larraI find itself ObllRc0 10 desl6e