The Sun.
London, England, 1840-11-16 00:00:00

SPAIN.

(From the Madrid Gazette, Nov. 5.)
MADRID, Nov. 7.
" THE MINISTER OF FINANCE TO THE PROVISIONAL

REGENCY.

" The Minister of Finance, deeply impressed with
the serious nature of Lis position, proceeds to submit to
the Regency the means he has conceived for meeting
the obligations of the State during the six months which
the present ten:porary Government of the country is to
continue.
The just and equal distribution of the resources in
my power, I consider one of the best and surest means
of securing order and regularity in all the branches of
the public administration, anti more particularly so in
the difficult one with which I em charged.
‘. In pursuance of this principle the payment of the
army and navy in actual service ; the maintenance of
the prison system ; of the preventive service, out of the
extraordinary contribution decreed by the law of the
30th of last July. I am persuaded, even from the
lowest calculations upon this subject, that the means
stated will prove equal to the objects intended ; but
should they not do so, it will then become necessary
to have recourse to such other means of making up the
deficit as the Government and individuals interested
agree upon.
" In coining to consider the contracts entered into
with the Government, and containing a clause for the

admission of certain proportions of outstanding bills of
the State, of the coupons of the consolidated debt, and
of any other species of credits against the nation, it is
not to be inferred that I am about violating the prin-
ciples 1 have just laid down. At the same time, and
without meaning that these contracts should in the
slightest degree be altered or infringed upon, I wish
and propose to proceed to a settlement of theta, in or-
der that the rear amount of these documents be ascer-
tained and made known to the public, because they
perhaps at this moment seriously affect the national
credit in the monov market, and should be liquidated
as soon as possible. To this course no party can
justly object. For the purpose of being able to give
the guarantees for these contracts, the Government
obtained the authority of the law of the 21st of July
of this year ; and whatever may have been the uses
made of that authority up to the present period.
I propose to annul henceforth all the bonds of the
creation of the 700 millions of reels which remain dis-
posable. Indeed, I propose to go further, and ardently
wish to take in, in proportion to the payments effected,
all the paper of this description granted as guarantees
for contracts, and to destroy them, giving timely notice
to the public of their destruction. By this proceeding,
I expect to see public confidence restored, and the path
to voluntary and mutually beneficial contracts with the
Governimilt facilittved.
" All these measures revolve within the limits of the
ordinary resources of the country. Insufficient, how-
ever, as they must be to meet all the demands to which
they may be applied, and inore particularly to those of
the public service at present, it is neither necessary, nor
is there time to descend to minute calculations with
respect to the difference between the income and ex-
penditure of the nation. Convinced of the existence of I
such deficit, I have to apply myself to the legal means
of meeting it. The means which I consider best for
this purpose are of three kinds :
" Ist. To suspend in the treasury of the Havannah
the payment of all orders which do not properly belong
to that treasury, with the view of creating there a dis-
posable resource.
" 2d. To obtain at least 50 millions of reels during
the period of the next six months, upon the security, or
grant, of one of the revenues of the State, not coming
under the heed of Custom-house revenue.

"3d. To provide for immediate necessities 60 millions

at least during the same period, making use of the au-
thority granted to the Government by the law of the
17th or April, 1838,
and foreign creditors, and admitting no proposal that
will not be as advantageous as the best mode in this
respect since the year 1820.
" Whatever may be the result of my plan, I should
despair of its success if not accompanied by another
powerful auxiliary measure, the centralization in tlic
public treasury of all the income of the State, without
exception whatever, removing at once all the minor or
particular administrations of whatever kind or origin ;
and the invariable rule of making no payment in the na-
lion unless ordered by the Minister of Finance, and
communicated for ex:_eution by him to the Director-
; General of the Treasury.

" Another most important point, which, if not im-
mediately connected with the subject in hand, forms a
part of my plan, is the restoration of all the taxes, re-
venues, and contributions of the kingdom to the state
in which they were on the first of last September.
Considerations more or less prudent ; circumstances
more or less fortuitous, which it is not for ma to cha-
racterise, have disturbed to an extraordinary exteet
the fiscal system of the country since that occasion.
The remedy I propose—the observance due to the ac-
tual estimates and the principle of never altering the
public imports without the sanet:on of the Cortes—is
of absolute and indispensable necessity.
" The observations I have just made, and the mea-
sures I propose, are intended to refer only to:the period
of six months already alluded to. The reason is ob-
vious. The organization of a perfect system of finance
and fiscalization are the work of much talent, of much
time, and of great labour, conditions which it is clear
my circumstances do not permit me to command.
" 1 cannot, however, conclude, without observing that
the Regency should not lose a moment in proclaiming
to the world that the obligation most sacred and imper-
ative is that of the Spanish nation to pay all the in-
terest of its debt, either due, or to arise from that debt ;
that this obligation, constantly acknowledged in all the
misfortunes which a war of seven years afleted U 3
with, and as constantly recognised by all our Govern-
ments and Legislatures, shall be attended to as fully
and earnestly as it may be in the power of the Re-
gency to do, taking care to render effective all the
guarantees which have been conceded to the national
creditors. Ira this Castilian integity and good faith are
interested ; in this are concerned the credit of the
whole nation and character of the Government. In
this duty likewise our real interest—the strengthening
of our institutions—the-increase of our national wealth
—the extenslon of our political relations—in short,
in this obligation are involved our own peace and
prosperity.

" Based upon the principles and observations just
stated, I have the honour of proposing to the Regency
the drafts of the six following decrees, which I consider
necessary. " A F. GAMBOA.
" Madrid, Nov. 4th, 1840."

LATEST NEWS FROM AMERICA

The Royal mail steam-ship Acadia, Captain Miller,
arrived at Liverpool yesterday, having left Boston on
the Ist, and Halifax on the 3d inst., and has been, in-
cluding the stoppage at the latter port, thirteen days
and twenty hours on the passage, the latter halt of
which was extremely stormy. She has brought fifty-
three ptasengers.„

The Royal mail steam-ship Britannia, Captain Jud-
kins, which sailed from Liverpool on the '2oth nit., ar-
rived off Halifax on the 31st ult., hut owing to fog, did
not reach the wharf till the Ist inst., after a passage of
twelve days and twenty hours. She left in the evening
for Boston.

By the Acadia, we hale received New York papers
to the evening of the 31st ult., and Boston of the Ist,
and Halifax of the 3d inst.

The prominent topic of the American papers, next
to the presidential election, was the alleged elective
frauds, respecting which, amidst the mass of crimina-
tions and recriminations which filled the New York
papers, it is impossible, in the present stage of the in-
vestigation carrying on before the Recorder of that
city, for a person at a distance to form an opinion.
The friends of Mr. Van Buren were far from de-
sponding as to his ultimate chance of re• election.
The rate of the exchange on England remained at
108! to 109. The demand for bills on the Continent
had been considerable, and the supply short. This had
been chiefly owing to the state of European politics.
The French houses in New York had, it was stated,
under the apprehension of war between France and the
Four Powers, refused, in most cases, to draw, which
had sent the rate of bills on Paris up to sf. 10c. At
this rate some of the houses came into the market, and
bills ruled at sf. 124 e. to 51. 14c. The demand for
specie had, in consequence of the mentase in the rate of
the exchange, increased. The banks took the alarm,
and caused them to call in mapy of their loans on stock.
A fall in the " fancy" stocks particularly followed.
Money, which a few weeks before could have been ob-
tained on stock at 5 per cent., was on the 31st ult. dif-
ficult to procure at 7 per cent.
The New York papers state that Mr. Jaudon, Mr.
Alsop, and Mr. Brown, all of the United States Bank,
were returning to England in the Acadia. We do not,
however, observe the names of any of these gentlemen
in the list of passengers by that vessel. The shares of
the Bank were quoted at 66-1,
The Halifax papers do not-contain any news of inte-
rest. They mention the (I‘.ath, on the 2d instant, at
the Government-house, of Edward Ross, Esq., Private
Secretary to his Excellency Lord Falkland.

(Correspondence of the Boston Mercantile Journal.)
THE BOUNDARY QUESTION.
BANGOR, OCT: 21.—Two of the young men who
accompanied the Boundary Commissioners have arrived
in this city. lam informed that the whole ground has
been carefully examined, and that the Commissioners
are on their return. Their report will probably come to
us by the way of Washington ; and, until we get it, we
must put up with such information as may casually fall
from those connected with the expedition,
Lam informed that there is not a doubt upon the
minds of the Commissioners that the line claimed by the
Americans is the true hue, and that no person who
makes the examination with the intention of asccrtsiuing
the truth can arrive at any other conclusion,
(From BicA:nell's Philadelphia Reporter.)
THE RESUMPTION MOVEMENT.--The banks of Phi-
ladelphia had a meeting on Friday night, when the
movement to assist the Bank of the United States, by
affording her facilities to resume specie payments, was
finally agreed upon, and the amount of assistance fixed
at $5,000,000.
A committee was also appointed to proceed east-
ward and endeavour to obtain a loan there—a loan in
money at from one to two years being deemed much
better than the post-note form hitherto adverted to.
Should this committee fail in obtaining such a loan, and
the chances are against them under existing circum-
ttances, it is probable that the post-note plan will be
'esorted to.
Funs! JAMAICA.—By the Northumberland, at Bal-
timore, we have Jamaica Papers to Oct. 9.
(Front the Morning .Journal.)
We lately published an account of the debts and as-
sets of the Coluaial Bank to the close of the year 1839,
together with the circulation during each month of that
Year. If we are to judge from this statement, the bu
sates! ef the bank has been gradually and steadily in-
creasing, and in December of last year had nearly dou-
bled what it was in January. In the latter month the
circulation was $397,055, and in the former $610,990.
Should the increase have continued at the seine rate, or
in the same proportion, the circulation must now be
about $1,081,110. The account also shows that the
'mount of gold and silver coins invariably exceeded by
a very large amount the circulation. Thus, for ex-
ample, when in January the latter was $317,055, the
Bank had in
gold coins $461,657 and in silver
$513,173, and in December, when the circulation had in-
creased to $610,900 the amount in gold coins was
$448,383, and in silver $732,987, exclusive of other
assets.
(From the Baltimore American.)
LATEST FROM MONTE VIDEO.
The bark Canton, Gibson, from Rio Janeiro, whence
she sailed on the 14th of September, brings interesting
advises from Monte Video to the 20th of August, which
will be lotted in the following extracts of letters
" MONTE VIDEO, AUG. 24.--We are happy to say
that matters now begin to look as if our troubles were
coming to a crisis. On the 3tl instant General Lavelle
landed his army of 3,000 men at San Pedro, 40 leagues
from Buenos Ayres, and was joined by many of the
country people, who supplied him abundantly with
horses, and on the sth he had an encounter with the
Buenos Ayreats General Pacheco, in
which troopstir
of the latter gave way and dispersed, leaving
he
horses and artillery. After that about 400 of Pacheco's
men joined Lavelle, and Colonels Legas (second to
Pacheco) and Borda (Commandant of the department
of St. Nicholas) bath declared for Lavelle also.
" Oa the 14th, by the last accounts, Lavelle was at
Art6les with 4,000 men, and in march towards Buenos
Ayres, whence he had received communications urging
hi-u to advance. From the south he also received en-
Ceti reeling communications.
" By the last accounts from Buenos Ayres Rosas was
making great efforts to stop the progress of Lavelle by
concentrating his forces at the Sapioles, four leagues
from the city. He was also dttchiag and fortifying the
ends of the streets.
" Lavelle's movements and the expected arrival of
Admiral Baudin have combined to affect this market
considerably. Hides have' fallen from 42 to 30 reels ;
salt has risen from 9to 20 reels, and so on. In gene-
ral, however, there is an absence of transactions, as all
await the result.
" By the packet we shall be able to give further par-
ticulars.
" All the smaller French men-of-war that were here
have gone up, and all the foreign men-of-war also. The
large French vessels Atalanta and Fortune alone re-
main here, and the Cuirassier just arrived. It is Paid
the latter will also go up, and that they will anchor irr
the inner roads. It is also said that the foreign mere.