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other sums had produced nearly The disbursements were as

follow :—

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250,0007. Bonds of 1st Loan purchased 113,182

Sent to Colonel Gordon 15,108

Due by Mr. Orlando, as per his account 5,039

Due by Mr. Luriottis, as per ditto 4,552 .

Individual Expenses of the Deputation 6,71(1 19 8

Loss on Exchequer Bills, and on Money sehl"'tp'":

Marseilles and returned ....'..'.'.' ''$11 If '0

Ditto by Failure of Mr. Mavrocordato 2,695 5 3

Penalty to Mr. Contostavlos, for the non-fulfilment

of a Contract for Guns 1..'.;'; f;OW""0" ti

Paid to Mr. Graham for Military Stores, not sent, on.'

account of the Proclamation ...' 2,000 0 0

Sent for the relief of Missolonghi '.'.".' 3,350 O^O

Anns and Clothing sent from Paris to Greece..!'.'. V 10,893 5 fi

Paid to Captain Miaulis and his Crew .'.''.'.' -'' 915 0 0

Advertisements and Solicitor's Bills f W 10 0

Assistance and Charity to Poor Greeks hi Londbn"'.':•'' 205 0 0


The' detection of the gross misapplication of a sum, which, if employed with common sense or common honesty, would have ensured the liberation of Greece, led to squabbles among the individuals who had been accessory to the mismanagement of the money: and these squabbles led to mutual accusations little honourable to the parties concerned.

* Of this commission, it was stated that Mr. Ellice had received ]4,000/. Mr. Easthope, 10.000A; Messrs. Uoyd and Co. 6,500/.; the deputies 7,500/,; &c.

'.'I '• 'III' Ill I I /'111 I I

Orlando, LijrMtJs';
lacki (deputies' or Jigents tff'tne
Greeks), Hume, Ellice, Bowring,
and Messrs. Ricardo, filled the
newspapers with letters of pallia-
tion or recrimination. We shall
not descend into the details of the
petty meanness and manoeuvring,
which the correspondence unveiled
to the public: but two or three in-
stances may be given of the mode
in which the agents and trustees
of Greece dealt with her money.
In the first toan, Mr. Hume had
assigned to him 10,000/. stock,
at the rate,.of 59;. per hundred,

the original price at which the contract was made. Some time afterwards, the bonds having fallen to J6 per cent discount, Mr. Hume became alarmed, and applied to the deputies and contractors to relieve him from his loss. The deputies at first refused, intimating that, if the stock had risen, Mr. Hume would not have parted with the profit. He, however, insisted on his demand; he was powerful, for he had a control over the proceeds of the loan; and at length the deputies consented to take the stock ofFhis hands at the rate of 13 per cent discount. Thus Mr. Hume lost only 1,300?. instead of 1,6007.; and the loss of the 300?. was gratuitously thrown upon Greece. Some time afterwards Greek stock rose above par; and Mr. Hume made strenuous and persevering applications to have the 1,3007. returned to him. The request excited considerable surprise, but, from an unwillingness to disoblige so ardent and faithful a friend of the Greek cause, this sum was also given to him. Still Mr. Hume was not satisfied. He discovered that the interest on the 1,3007., from the date when the contractors took his stock from him at 13 per cent discount to the date when they madehimapresentof the

oil? in i. :'• • i-> .' •'•• ' '.-•

1,3007., would amount to 54?. He accordingly applied also for this sum of 547. and received it. In like manner Mr. Bowringtook 25,000?. of stock at the original price of 59?.percent. The stock fell, and he, being unable topay his instalments, made vehement remonstrances, coupled with representations of his services to the Greek cause, to induce the deputies to make Greece bear the loss accruing upon his speculation. Hume seconded his entreaties; and,partly by menaces and partly by persuasion, the deputies were prevailed upon to commit a breach of trust and to take back the stock at the rate of 10 per cent discount. The stock having subsequently risen to a premium, Mr. Bowring applied to have the stock returned to him. .The.snswft lo his request was (and the answer was supported by the production of his own hand-writing) that he had sold the stock to the deputies. He declared that he had forgotten or misunderstood the circumstance; Mr. Hume again interfered in his behalf: and the deputies paid him back 2,5007., to which he had no right, and which was so much money abstracted from the funds of Greece.

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CttAf. A1V.

The United States—'Negotiations with Britain regarding the Colonial Trade.—South AmericaWar between Brazil and Buenos AyresConstitution of BrazilStates Op The Rio De La Plata ColombiaRevolt in VenezuelaVenezuela declares itself IndependentReturn of BolivarNon-payment of the Dividends on the Debt—Laws concerning the Public Debt.MexicoFinancesNegotiations with the PopeGuatemalaInternal Dissentions. —PeruSurrender of CallaoThe National Representatives refuse to meet Conspiracy against Bolivar—He is chosen President for LifeHis departureFinancesBolivia receives a Constitution from BolivarChiliChiloc conqueredInsurrection in Chiloe in favour of OHigginsConfusion in the GovernmentThe Supreme Director resignsNon-payment of the Dividends on the Public Debt.—Congress Op Panama."

DURING this year, the United led, by ill health, to decline the States lost two of their ex- invitation to attend its celebration presidents, Mr. Jefferson and in Washington; and, before sunMr. Adams, who were besides set, they had both breathed their two of the only three survivors of last, having witnessed their counthe members of Congress, who, try rising, during half a century, in 1776, signed the Declara- to power and wealth, under the tion of American Independence, government in laying whose foundIt was thought a coincidence ations they had borne so large a worthy of being remarked, that share. Their whole lives had they both expired on the same been spent in the public service; day, and that day, the 4th of they had filled the highest offices July, the fiftieth anniversary of in the state athome, and conducted the issuing of the Declaration its diplomacy abroad, which made America an inde- The revenues still continued to pendent nation. They heard the be more than equal to the expensound of the bells and the salutes diture; and, in the budget of the which ushered in the political year, they were estimated as folfestival; both had been compel- lows: The revenue

From Customs 24,000,000 00 dollars

From the public lands 1,000,000 00

From Bank dividends 385,000 00

From miscellaneous and incidental

receipts 115,000 00

25,500,000 00

The expenditure of the year was estimated as follows:
Civil,miscellaneous, and diplomatic.. 2,032,454 (?6


Military service, including fortifica- .

tions, ordnance, Indian department, , .revolutionary and military pensions, .... ,arming the militia, and arrearages prior to the 1st of January, 1817 .. 5,525,662 55 Naval service, including the gradual

increase of the navy 3,026,612 81 ,;

Public debt 10,000,000 00

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The United States were more interested than any other country in the progress of the new South American republics. Geographical situation, as well as similarity of political institutions, drew them towards each other, and promised to the former peculiar advantages for the establishment and extension of a most lucrative commerce. The general Congress which the South American republics proposed to hold at Panama, held out to the United States an opportunity of forming with them a connection exclusive of all European influence, which would make North America, in some measure, a member of their own body, and secure to it preferences and a preponderance, to which European powers, who took no part in the deliberations of the assembled representatives of the American con ti nent j cou Id not hope toaspirei On the other hand, in such an assembly of political bodies, who had just thrown oft" the supremacy of the mother country, whom the mother country still treated as rebels, and whose independence was . far from having been universally and cheerfully recognized by the European courts,

it was more than probable that measures might be proposed, and resolutions adopted, to which the United States could not become parties without injuring their relations with Europe, or, at all events, with Spain. To America, the recognition by Spain of the independence of her colonies was of much deeper interest than to the powers of Europe; their relations with these colonies would be only commercial and diplomatic; but America would naturally form with them a much more intimate political union, directed exclusively to American objects; and some American statesmen were already speaking of preventing Europe from "colonizing any part of America." Hence arose the urgency with which the United States were using all their influerice in the cabinets of Europe, and particularly that of Russia, to procure from Spain a formal acknowledgment of an independence which had been established irreversibly dc facto, and hence arose their hesitation to become at once members of this Amphyctionic council. From the moment it was projected, Mexico and Colombia had expressed their wish

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