Xx STOOK DXCHANGY CREDITORS. 543

lated to diffuse sound information upon the subject. The _ 1880,
People here have resolved to republish it for cheap dis- Zr. 46.
bribugion.”?
“April 18. (To James Mellor.)—I observed in a paper the
Other day an account of the interference of our Admiral on
the South American station for the purpose of demanding
the settlement of certain claims made by creditors upon the
Government of Venezuela. The account stated that the
demand included the payment of money due for Loans. My
Object in writing is to ask whether you can ascertain for me
through any house having relations there, whether the
claim of the Stock Exchenge creditors was included. I
Consider these debts to be totally different from those due
to merchants for property in the form of merchandise sold
bo foreign states, or for goods seized unjustly in time of
hostilities. Money lent through the Stock Exchange is
generally advanced on such terms as to cover known risks
of repr.diation, &c. Besides the money is advanced by
foreigners even when the loan is nominally contracted in
England, and the result of our Government becoming the
collectors of such debts would be that we should be made
the bumbailiffs of half a dozen nations besides our own.
I am watching very jealously any step of the kind, because
if the principle be once adopted, it is not easy to see where
We can stop. If we are to blockade the coast of a South
American State, how can we refuse the creditors of the
repudisting State of Mississippi to blockade the port of
New Orleans? There will be obvions disgrace as well
a8 injustice in dealing differently with weak and with powerful
 States.”
“ April 18. (To Mr. Bright.)—Look in the money article
of the Times to-day. The creditors of the Spanish Government
 are talking of petitioning Parliament to collect their
dota Wa roust wabch with jesionsy the ficsh asiemps of