The sun. [volume] (New York [N.Y.]) 1833-1916, 1892-06-19
cav rms NE 90,
The nxnN In the Ccor.nut or Rewdesow
| 4rno..

$500
arne..
To THE EDITOR OF THE SuN-S,. am
deeply Interested 10 certain Peruvian contracts
at me time conceded to the house Of William
r. Gtaco 4 Co.. and now controlled by an Eng
lisb syndi ate. OF which am member. and l
am eager to learn what effect the nominn-
ton and election Of Mr.. Grover Cleveland az
President OF the United States would have
upon the stifty OF our syndicate to secure
virtual possession Of the republic OF Peru In
order that you may understand my position It
becomes necessary for me to give you an out
line Of the situation.
Upon the death " Henry Meigs, tho famous
contractor who secured a monopoly OF large
railroad contracts In Peru from that republic,
Michael p. Grace. brother OF William n. Grace
OF Grace 4 Co at Lima and Callao. through
shrewd maninulatlon obtained control Of
theae grants from the heirs OF MIR. Mriga
Through the Congress Of Peru Mr.. Grace se-
cured additional grants. among them the
Oroya Railroad contract, through which no.
cess to the Ofoya silver N nes. the richest 10
the world. would DO had The Cerro do Pasco
mines al came within the pero ulsites Of Mr.
Grace.
Ae soon as these grants were obtained MI
ohael p Grace appeared in London and open al
the house OF Grace & Co.. with himself In CON-
mand. Upon Mr.. Graces representation Of
the fabulous wealth lying In the Peruvian sill.
yer mines. he succeeded In interesting Eng
lish capitalists, who formed a syndicate Of
some E20.0O0.OO0 capita lization. under the
title Of the Peruvian Corporation. Lord Don.
ouGhrnore WAS one OF our members in tho
syniicate Through Mr.. Grace's astute Of
fo'ts our syndicate. having had turned over to
It by Mr. Gracs all the grants obtained by him
from the Peruvian Government. secured legis-
lation In Peru whereby the syndicaso WAS To
have the revenues OF Peru for period OF some
sixty yearB In return for taking UP the Peru
Wan dsrt
No sooner. however. had our Grace English
syndicate got into working sh,pe. when certain
oppoeine interests appealed to the Peruvian
courts to set aside the Grace conveyance Of the
contracts and grants to our syndicate on the
ground Of tllegulity. The courts have now de-
cided against U.s.
There ia a way however. by proper pressure
OF STRENGTHENING this matter out The proper
pressure could undoubtedly be brought to
bear through the United States Govern m ent.
The influence Of William R. Grace. We under
stand is potent in America As evidence Of It
Is the fact that an adherent Of his. one Roberts,
was the American representative in Peru un-
der President Cleveland.
Should Mr. Cleveland again become Presi.
dent OF the United Etatos. we are assured
that such influence can TO brought to bear
upon Peru a. will validate our grants,
Vi oourse you will see sir. that the execution
OF our hold upon Peru Ia one involving huge
monetary intarests to the house of Grace 4
Co. Our advces are that Mr.. William R Grace
IA doing all that he possibly can do to promote
the nomination OF Mr.. Cleveland It is not
desirable that should inform you Of the sum
OF mrney contributed toward the support of
MI Cl-veland's canvass. yet assure you that
should no be nominated. our English synd.
cate will be found to . an exceedingly liberal
body In its relations to It's agents In
trusted with the election Of Mr. Cleve-
land. Let me assure you that with
Mr. Wizards Eenino Post Mr.. Grace's Ee,n
York Times and other all ed English interests
In active sympathy with VA. we look conf.
IDENTITY forward to the nomination and election
of Mr. Cleveland.
Permit me to ray. by way Of addendum, that
the Impression in your rountry that Mr. W. Il
Grace Is an American is hardly horne out 10y
che facts. His Lima house is repre.ented and
managed by Mr. Edward Eyre an En- sl,shman.
and his Valparaiso house is conducted nv a
brnther Of Mr.. Edward Eyre. an also In
formed that Mr.. W. Il. Grace was never nstu.
rallied as an American citizen. but thu. may
be mistaken.
ONE OF THE ENaLIsH SYNDICATE.
The CASTLE. LONDON. June IL.