The Sun.
London, England, 1864-04-07 00:00:00

SPANISH CREDIT,

La libertad, Madrid newspaper, of the 27th of
March, in some remarks on Spanish Credit in
Europe, states as follows :
Some newspapers have complained of our saying that
the name of Spain is in the Stock-Exchange of London
posted between the insolvent countries on a board, and they
add that Government has answered to this reproach in
paying to England a claim put forward during the
Morocco war. We shall never boast of having paid such
or such debts in such occasion. To pay to those who demand
what is due to them is one of the most simple and common
acts of human life and of nations. England pressed us in a
difficult moment and in accordance with her tendency, and
we paid her without delay. As we have had no merit in
paying, it will be infinitely more decorous, and we shall
exercise more patriotism, in saying nothing about it. We
have also paid the French Government, and the country has
never murmured, and has never boasted of having paid,
though this debt was the fruits of the slavery of 1823. From
all this a great truth comes out against our Government—
it is that we have paid the Governments who have other
means to expose us than placing us among the insolvents,and
we have not paid our home and foreign creditors,who do not
possess coercive powers. Shall we conceal from the country
generous, and loyal, the shameful situation in which she is
in all the markets of Europe ? Shall we not put before her
the follies of the Government, their inactivity, or their in•
difference? All the markets of Europe are absolutely closed
to Spanish credit, to Spain at a time when she pays her other
debts with the greatest punctuality, and when she makes
especial efforts for her material credit. The Paris market
is equally closed. Paris, which opened her coffers and has
given us 1,200,000,000 f. which came to vivify our country.
How, then, is it only a question of the board of the London
Stock Exchange ? Are our Governments right against the
whole world, or is the world right against our Governments,
which, as guardians of the interests of the country, have
prevented its development? Let them grapple promptly
with the question. Let them name a commission com-
posed of influential men of all parties, who will hear
the complaints we receive from the English, the Dutch, the
Germans, the French, and the Spaniards. Let them settle
what ought to be settled, and, instead of bragging and re-
sisting single individuals, who have not the means to de-
fend their injured interests, put a stop for ever to these in-
terminable reclamation& 'We shall always know how to
make an honourable distinction between the country and
her bad Government. The country, without sharing in
any part the weight of the mistakes of the Government, is
suffering for it. It will be always useful to protest, in order
to bring her out of a position which degrades us in the face
of Europe. The best way to fulful our mission is to tell to
the country the truth, and to say to the Government,
" Rise to the noble instincts of the nation ; take care of its
reputation, and, without delay, and with every means, glow
to the world that you don't deserve to be reproached.

LIVERPOOL RIVER POLICE.—At a meeting of the
Liverpool Town-Council yesterday it was agreed to sanction
the appointment of an organised river police, with a view to
suppress the crimping system on the Mersey. The town
clerk was also authorised to employ assistance in the pre-
paration of a draught of a bill for consolidating and amend-
ing the !flunicipal Corporation Acts.