People's party paper. [volume] (Atlanta, Ga.) 1891-1898, 1892-07-15

revenues of Peru for a certain num-
Der of years. What was known as
the Peruvian Corporation, composed
of the members of the syndicate,
was formed, and a committee repre-
senting the bond-holders was APP
pointed to secure the necessary leg
islation in Peru to make the whole
scheme valid. Of this phase of the
matter, Gerald Augustus Ollard,
legal adviser to the bond-holders,
said: Last year contract was en-
tered into between the committee
and Peruvian Government for the
settlement of the Peruvian liability
as to the extended debt. That con-
tract was called the Grace contract
on account of the part he took in
bringing it about. You will see by
copy of the contract, which I now
hand you, that it provides for work
ing number of railways and for
opening Peru generally. That con-
tract, however, was not submitted to
the last Peruvian Congress owing to
certain objections made by the Chill
ian Government. Fortunately for
all concerned the objections have
now been overcome through the ex-
ertion of the English Government,
so that the contract is to be brought
before the Peruvian Congress in it's
existing form when it meets ia July
next"
"But you will want lot of money
to carry this out
every likely; but I believe the
necessary financial arrangements are
substantially completed IN London.
A syndicate Of commercial gentle
men, composed of bankers and mer-
chants, are ready to back us with
any amount. We have only to get
the sanction of the Peruvian Gov
eminent"
WIDE REACHING CONTRACT.
The committee of bond-holders
consisted Of Sir Henry Tyler, George
H. Hopkinson, bankers; Fredick
Santiago Hammack, forerly Chilian
Consul; Colonel Sir Alfred Kirby,
Colonel J. T. North, John Proctor
and Earl Donoughmore. The Peru
Wan debt then amounted to 955,-
100000. The Grace contract, ex-
hibited by Mr.. Ollard, showed that
Peru assigned ''to the Grace syndi-
cate its rights to work it's silver,
coal, cinnabar and other mineral
mines and all guano, with participa-
ton in the profits"
The syndicate was also authorized
''to construct special quays or
wharves, highways in all depart
ments of the Peruvian Republic, to
further commerce in cocoa, coffee,
wheat, maize, alcohol, bark, wool,
cotton and timber, and to work all
the Mines The government gives
the committee 100000 hectares of
land for colonization purposes, and in
various departments the right to ex-
port guano, the right to certain
percentage in certain house dues
and the right to establish bank at
Lima.
The necessary legislation to vail
date the Grace contract was secured
from the Peruvian Congress. But
bitter opposition was reused in Peru,
the matter was taken into the courts,
and, according to Peruvian advices
to-day, the courts have declared the
transfer of the Grace contracts to
the syndicate invalid, and have set
them aside.
This being the case, it becomes of
the utmost Importance that all pos
sible influence should be brought to
bear upon Peru and her courts in
order to execute his colossal scheme
involving possibly f1OO,0O0,OO0,
WAS IT A LINK IN A CHAIN?
Whether it be link in a chain or
not, as matter of fact William r.
Grace succeeded in having his man
Roberts appointed Minister to Peru
by President Cleveland.
In the recent anti-snapper move
ment it is we'll known that William
R. Grace took the leading part,
raised the funds to carry on the
Cleveland movement, and declared
his willingness to raise almost any
amount to secure the end in view.
Between the influence of the Eng
fish Government, exerted as Mr..
OlIard confessed, and the influence
of the United States Government, as
now hoped for, Peru might be forced
into position to place her fabulous
resources in the hands of an English
syndicate of enormous proportions.
Syndicates and monopolies are re-
volvng around Grover Cleveland in
a most remarkable way.
Peoples Party Mass Convention.
All voters of Habersham county