The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1874-06-14
Z e a q .
Commercial Insecurity with Heavy Failures
in Lima.
A Money Crisis at Hard-Att'mpt to Murder
Psymas.ers-Cabnet Relations
Towards Russia.
Ina, May a. 1874.

The commercial aspect OF Peru, speaking as re-
CARDS the internal state OF things, Is not satisfac
tory. only few days since Lima was absolutely
amazed at the news OF the failure OF Don Julian de
Zaracondegui, a man whose reputation In business
circles was as bright as tnat-not to be proiane-
Of ST. Jonn the Baptist among the chosen followers
or the Saviour. The confidence reposed in lara
condegul may be imagined when 1t appears from
bis books that the deposits placed In his Golfers by
people Of all degrees, from washerwomen TO mer-
chants OF high repute, amounted 10 the stupendous
sum OF Q 500, 900 soles or hard dollars.
This money is lost.
Zaracondegui IN his exhibit, states that his mis-
fortunes nave arisen from having carried on his
business with borrowed capital, for which,
II must be said at the same time, he
paid tine lowest possible rates OF interest.
His assets are almost nothing In comparison with
his liabilities. few hundred thousand dollars
locked up in nitrate manufactures in the South,
where the producers lose thirty cents per
hundred weight on the article; another sum or
more or less the same amount buried In the rice
plantations OF the North. where fortunes have
been engulied within the last two or three years,
and an inconsiderable capital invested in real
estate In Lima, not sufficient to the interest
on his deposits. This Mr.. Zaracondegui was, up
TO a lew months past the manager Of one OF the
principal financial establishments OF the capital
the Bank OF Lima, To this institution he owes
100000 soes luckily guaranteed ~ responsible
parties, and he moreover was formerly well known
IN the United states as having possessed the con-
tract 10 export guaIo to that country. We're 1t
not for ms broken health and extreme age, he
would probably now be occupying cell In the city
jaal.
STILL ANOTHER.
On the heels OF this disaster, which plunges so
many families into utter rum, came That OF Don
Juan de Ugarte, another shining light IN the COM
mercal community OIL Lima. Still this affair pales
lusgnlncauce before that already referred to.
Private interests are comparatively untouched,
and only the great houses and banks Will Suner.
1t is strange TO witness
THE APATHY or THE PEOPLE
tn view OF these occurrences. former observa-
ton made In these dispatches, when the clouds
began 10 thicken over financial affairs IN Lima is
fully justified The masses regard the banks with
the most unlimited confidence, from the knowledge
entertained OF the solvency oil the directors and
principal shareholders. and rom the extraordinary
good sense manifested, not to nave been expected
In country Ike this, where banking establish
ments are OF recent creation, IN not resorting to
the usual method OF a crush" On the contrary,
the deposits daily made in the banks nearly equal
ATTESpT TO AssAssrNATE PAYMAsrERA
On Sunday, the 2ith INST, an unfortunate AFFAIR
took place on the Oroya Railway, AT about thirty
five miles from Lima, which In It's details reminds
us OF the incidents frequent on Mexican high
ways. Captain Plummer, Mr.. Henan and several
others OF Mr. Meiggs paymasters were returning
rom a trip up the road, where they mad been
busiiy employed in making the customary weekly
disbursements. Rushing down the heavy grade
IN hand car, and rounding a sharp curve, they
were fired upon by an ampushed enemy from the
rear, and their attention being diverted in that
direction, they were happily obllvous Of the TACT
that few yards in advance the track was OBJ
structed by nearly half TOMS weight OF stone,
IN the vicinity OF which four determined
and armed with carbines and reviewers were
anxiousy awaiting their approach. The hand car,
OF course, was thrown lar of the rails, and
while its occupants were endeavoring to raise
themselves rom the earth, their assailants CON-
menced furious attack, speedily rendering the
paymasters hors de combat. and then decamped
with about 5000 soles, the remainder OF the money
In the possession OF the unfortunate Victims
some OF these were left for dead on the spot, but
since the day OF the occurrence, their wounds
serious IL Is true have been declared not mortal
Immediately the superintendent Of the road,
Mr.. Ciey. organized force OF twelve men, and
tention over the rocky deiles OF the neehDoring
mountains. The ponce of the district, five in
number, also took the matter in hand but, up to
the present. only one man has been captured upon
whom suspicion has fallen. The government ex.
pressed some regret, but instead vi maintaining
strong detachment or cavalry in q district in
tested by robbers and murderers for the most
part discharged Cnlian laDorerS from the road
prefers Keeping its soldiers idle IN their comfort
able barracks In Lima.
RUSSIAN ARBITRATION.
The long vexed question OF the coolie ship Maria
Luz, seiZed, as win be remembered, by the Jap
anese authorities seems TO be IN q ialr way OF set
tlement Mr. Jose Antonio de Lavalle, brotner-n
law OF the President, presented a couple OF months
ago his credentials Plenipotentlary OF Peru TO
the Emperor OF all the Russlas and preferred Pc
titlon on the par Of his government begging the
Car 10 act In the matter as umpire. To this the
Emperor consented and promised to decide accor-
ding to the merits OF the case, adding the same
time that he was cognizant OF the existence OF q
japanese mission, then approaching st. Petersburg
with similar object The Peruvian Legation in
Peklng has 80 far achieved no de1nItive success
its desire to establish Chinese emigration to Peru
on a more humane and advantageous basis than
that heretofore practised.