New-York tribune., 1880-10-27


esis aud sNiudling the underwriters.
As IN the OF ship Mary Bryce. Grace Co.. VINO
strongly suspect have iircc interest 10 her rom
becoming guarantee fog said sh ~ when bought OF T. :
y. Co. m lcNiss name and r I'm taclr ptn- tnc var
VINO effected sucn large insurance boih IN sew
aud Boston. undoubtedly part owners IN saii sap.
In case OF snip Washington ldboey, coudrmn,d ~"
ssSces aud ADVANCED The 81 800 freight alysGse t.
/ wis who lad her cargo ON storage ~ tie huA M
Earope and went % the loJom 81 the ocean IN nScH
days after sailing. Bryce, Grace x g. ana ~, " t
security upon the influence Of Mr Mests, @. Lima;
who hss great nfneace win ms 1oN 1i
and u l. no 81 gut task 10 undertake oT IN opps
~ IN tlc p1rtles who have parties In thoir interest
VII, would not scTup.e at a'ythng fnman Nei!
r.spectfslly etc, CHtELE> II. LAY,
: Vice. Cou.ai At CsIao.
The following letter from the British Consul az
CaUao at the present time who was acting Consul
IN 1872. also has reference TO the same subject:
BRITISH CONSULATE. CAILNo. Gt1 November, is72
DEAR SIR; II Is reported That VIM L.Wis ta~ ho
very largely iodco,ed To Bryce Grace Co. and they
locking & the recovery O. tie insurance - .li pay
80 moi think there viii be any more expenses Of con;
sc0u-f ce. and IS as arp certain there VIII lol
viii forward toe balance on hand 70 you a. dear
So O-'' '''' '''''''-"'' iBnAcRY R. wlsov,
BRUSH Vict-ConsuL
Following is an extract from the decree OF the
Peruvian Court Commissioners AZ Payta coudemaing
the captain and mate Of the Mary, and remandlns
them to Ca,.ao Tor the trial:
YOUR LxcELLEvCY: TIE Commissioner who has made
fourte,n p.c-s says: 1hey tuen began
At once to make every prerar3tio9n ior
so fully tha he did proyide ner win Ii visions ir
Tue voyage which shc had uuderooE round C'Ye Horn
Tncn 4 few GAYS after sailing. soon as he launch ara
he-h5at were ready, and me ia.te c2e!I D % ~,
r. : os.lbc TO believe that the captain had the ir
teation rounding ne Horn s'nce he lA,d,i a. spare
sil=. Nor .i he nteud - - any greai d''arc 1E ne
tie moment OF sailing began zedlouHy 10 make Tue poa
Tca ~. . ,--
fi.i.ly ihat the huh and freight were lus red he s
orcod 10 believe and hold the loss # TIE May as Ill
e''I.,'.ri, o,.-acGi '5''" TroDoRo H. NAKAIL
Paytq Jan. Also Comm. m.'sIoue7.
EVIDENCE AGAINST WILLIAM Il. GRACE.
notwithstanding the abundant evidence that
the ship Mary was a rotten hulk, and that s1e had
been insured with the intention Of dclraudng the
underwriters the latter were compelled 10 compro-
mise the case apparently owing to the course pur-
sued by their agent W. Il. Grace. His operations
were against the insurance companies, and his
influence with the Peruvian Government OF
character which the underwriters could not well
combat The witnesses disappeared IN some mystic
rlJus manner. and the case Of the insurance COM
pauies seemed managed in the interest Of their
opp. ne1ts. THIS. and other matters Of a SIMILAR
kind. were so unsatisfactory to tie Board
Of Underwriters that they sent tuei1 ccun-
SET from this city Il CaliaO 10 continue
tie Investigation barnn 0y Captain Meyers. lie
brought back evidence that was u Saried over
whehnug against their agent William Ii. Grace
and he was removed.
some OF this evidence shows that there was a1-
parcnty a studled pan l. iorce sA!p captains 10
Mace bottomry and Tespondcutia bonds ~ their
vessel ami cargoe, that the money for this prpos'
-r..r
Manuel Flaeunio and sometimes ty his brother.
VI. p. Grace and that thc IA es OF interest were
charged al tue way from - % 100 per eel
whereas taiiac merchants stat. that l. 20 - per
cent vou q 1ayc been far rate. Iae persons who
were forced g. pas these enormously h,gh rate.
were Nj Graces clients. the Insurance companies.
hose interests he was there to s.crcCy guard
and project" and the merchants Il ta-s CITY Woo
were interested in th- c3IEDe- ard tue shpa"u'i-
R,tio,nrv or respolGeitia boIlS are only issue. D..
csesof extreme necessity forc-n prt, where th"
owners aye not present OF have no sp0neelt and
are without other means OF credit n thai port. In
some instances III which these bonds were issued ~
Callao To- member OF Mr. Gracc's Aous~ al lIei
rate, Of Interest IL was shown than tie vessels were
sifb.r q molly OF in par owned 10y y. H. G-aer LiI4-
self The vessels, being IN their nome ports it D,
alleged that there conld have beenIo ueee,, Jy icr
Ia extort enormous rates Of interest from tic L.
surapce compasies and the owners oil the car-ces
VINO had TO pay pIoportiona;e share ol the bonds.
OTHER SUSPICIOUS CAeE-.
Tic following letter from YIce-Col,ul Lay has ref
,reuc. 10 some OF these TRANSACTIONS:
CONSULATE oP The USITED STATES
DER SIR: Your letter OF I5.lot september came
da.g to hand. ana content, noted nave 'nate ,'ie
G' @ , . 49, rr,Icrnt: en- ID no, 80 4ny-ninc a. o.,
.r, Oh gins raised 2oc)o soies cn Ie.poote'tla
Li- cargo OF EaGno cA ""' tiAel ~ ~ r. rae 81
oI5 Il TINS tree sub --l;e1ed H-t-'.c l-e ga
80 ; ont .,r A ar.f, ~ ab3u, 90 s1.r..
Tn,re : E4te 400 rl oi 80 A1e4i-'n '-P al DiaH-
mate %! thc ,llp Nry san FrA"cIsc' eri he tolt 'l
lua. Captain Hayward bored lo-es IL ,ir 3p, 0qt2.
Tie following le,,er IS from weA-huoSa mrr-
chant ia Ca4l-O:
CAILAo J1ly . ISL.
DEAR SIR: Nore marine dsas!e,, lL- -lhr Se.ed-.
81 Nrw-Y "a. owned joinu. by y" J.. Grace 'ud ile ~
l.n lut o..cs distress and Las just a.-l'rd 4eai-
she las cAstter-d Osd -uauo l-l,- t1r -'} ot -cl
owner al t1- J. tc. alter H4a5 ~ y eu4l 't,.i-l' ~
- her Tie rWirers LAD %. .fti s. Hd cu some
rer-ou 10 louS ter ht- 90 Voc .,ilt tANn l~- ah
nya' Y ,u,s. OLIVER e.. JoNr,
if ne all ,ss ,u. Ai:. ilur Inc.r> pei ngal w-tn lg
b1re ar. TIE lak IL lie. TOP sdes s1e islot us-
FrNOvING GRACE FROM THE AGENCY.
The coanscl sent TO Peru 70 continue the iuvcsti-
cation began by Nr. Meyers, was cmP.oycU by all
,he .eldiug Boston and Ner-lori. marine Insurance
COMPANIES. Hi report to pe Board oi Underwriters
OF tbs city was 20 tine e1cct tia. tne agency at Ca.-
lao was managed rather for the be1ed OF the agent
Than the Board Re gave many deta TO sustain tbs
statement. lie ,ubnitte. 10 tie Board aihlayiiS =
prominent merchants aud otn-r persons records OF
the Peruvian Courts and copies Of o'tomry and
a.1tia bonds male 20 GIac.s cashier, Mlnue.
F.s-lluo. and 10 BIS brother M.cnael who Wa, called
IN the bond >enor Don Miguel Grac@" The
evidence was submitted to the Committee on
4ceuces as stated above aud on the r.por, OF th,t
committee. composed oi some OF the most conserve
I've aud bcst known business men of this city. both
Democrat, and Republicans. tho Board of Under