Star.
London, England, 1823-12-23 00:00:00

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-PROPOSED N.EIV LOAN TO SPAIN.
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PRIVATE CORRESPONDENCE.
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PAR" DiClltalilltlt 16.
... Mn N. M. Rothschild, of London, Mr. Alexander
Baring, and Mr. Irving, have arrived in Paris, for the
purpose of consulting • with the French Goverment on
OW financial state of Spain, andfor ming some arrange-
ment for anew Spanish --fhar-amstire
Guebhard's speculation has tendered a fresh attempt
necessary by mote respectable_ partiea, and Ann late
change in the SPinislilll.hiiatiirbilitTilfitabAnt by Ries-
sian and French influence, *ill diminish, it is under-
stood, the difficulties of their undettifing. Every mi-
litary occtipa:i,rn of a 'foreign. territory has hitherto
been followed by a Loan destined AO aid the finances
of the country occupied, and contracted for under the
understood guarantee of the conquering parties. I need
only refer to the late striking cases of France and Naples.
The Loan negotiated by'the house of Rothschild fo'r the
latter kingdom in May, 1821, was as much for the sup=
port of Austrian troops, and founded as securely on the
' honour of the Austrian Government, as if it had been
made in Vienna, and had obtained Prince Metternich's
signature as one of the contracting parties. France has
now, in her turn, become the invading Power for legi.
timacy, and left her Army of Occupation in Spain.
That army, instead of being limited to 40,000, as I men.
tioned to you last week, is to be kept on the footing of
45:000. France, richer than Austria, pays these troops
at the usual rate in times of peace ;lut as they are ern.
ployed in active service for the benefit of Ferdinand, the
French Government demands from her prolgge that the
latter shall pay their extraordinaries. For this purpose
it has been stipulated that Spain shall advance 2,000,000
francs a month, or about a million sterling a year, du-
ring the period of the military occupation. •
The contribution originally demanded was 40,000,000
a year; but this was strongly represented as too great,
and was afterwards reduced to 24,000,000. Indepen-
dent of this sum, Spain will require to raise by Loan
part of her other annual supplies, and provide the
means of placing the kingdom in a situation to govern
itself when'foreigners withdraw. Besides this, England
'claims the fulfilment of the treaty of indemnity which
she concluded with theConstitutinnal Government.'
The Loan thus required by the Spanish Government,
to meet these various demands, must be very consi-
derable, though the particular amount is not yet known;
and the contractors wilt have many difficulties to en-
counter, and many prelikninaries to arrange, before they
can make any tender of their money. I shall merely at
present mention the efisfeoce of the debt created by the
Loans made to, ike Constitutional Government, the ex-
istence of Guebhard's Contract (who has advanced three
millions upon it), and the state of the South American
Republics, from which the Spanish and French Govern.
ments expect consideiable supplies as the price Of ie-
.
cognizing their sovereignty.
DECEMBER 18.—The London bankers, it is now said,
are here not only for the object of a Loan to the Spanish
Government. That is connected with another still
more important. A project is on foot, to form a great
company of European bankers, who are to advance to
Spain, the funds of which she at presentatands in need,
(to ascertain fixed amount), and to pay to France the
indemnity due to her by Spain. As an equivalent for,
these advances, tljis company is to obtain over South
America all the privileges which Spain at present
possesses. They are, in tact, to have the excluiive pri-
vilege of trading with the Routh American Republics,
or granting licenses to trade with them, as our
East India Company manages the trade with China.
or our possessions in the East. The independence
of these Republics is to be acknowledged by, Spain
and the other European Powers. No attempt will
be made to bring them again under the Colonial
yoke, but the trade with them must be carried
on for some years, only under the protection, and by
the permissio,n of this European Association. In order to
secure this company in the repayment of their advances
to France and Spain, the European Powers must, in a
general Congress, stipulate to prohibit their other sub-
jects from sending ships to South America, as we pro.
bibit all others, except the ships of the East India COlll-
- from going to China. Even if there is any possi-
bility of reconsprecing Mexico, Spain will cede her
_right to this Company.
DECE.liazit 20.—The plan to which I alluded on'
Thursday, as being under discussion, for relieving at
once Spanish finances, and terminating every hostile
project against South America, is substantially correct.
It was proposed to the French and Spanish Govern-
ments by certain bankers, who would be willing, under
certain cemditions, and with certain guarantees, to carry
it into .execution. The advances which they would
make, if their propositions were accepted, would be
sufficient to indemnify France for her exertions in the
pacification of Spain, to pay the sum due by Spain to
Great Britain for losses incurred in the West Indies, and
to enable his Catholic Majesty to meet his financial
difficulties without dislodging the Monks, or selling
their convents.,
Their propositions are—that Spain should acknow-
ledge, without reserve, the independence of the South
.American. States, and transfer to the new Company all
, the rights which she axpresent claims. It is well known,
for instance, that the Covet mnent of the mother court.
try had great property in machinery, &c. for working
the mines; that in Mexico and other provinces his Ca-
tholic Majesty possessed estates, Palaces, and ,other
kinds of Crown property. All those would be ceded
to Ole company pf contractors. To this company like-
wise would be ceded all the advantages or grants which
the different State, wdirld be willing to aford for the'
general acknowledgment of their independence.
There are still Spanish troops, for, instance, in Peru';
Mexico is not yet tranquillized ; and none of the pro-
vines enjoy that peaceful security to which they would)
attain, it they were
,assured that no hostile attempt
would be made upon them from Spain or Europe. le
order, therefore, that these'troops might be withdrawn,
and this security established, all-the provinces might be
induced to make a contribution in money, which would
go. to indemnify the contractors.- -‘
The French and Spanish Government have hinted at
the possibility of establishing a Constitutional Govern-
ment in South America, and placing at the head of the
different States'lfourbon Princes or Infantas. To this
the framers trf the plan, or the contractors; object.—'
They refuse to. adeanceshent money on any other con-
dition than the absolute• independence of ail the States
as they now exist. Mr. Parili is gone to Vienna; to lay
the propositions of the contractors before Prints Metter-
-air:ln Tireplan will requite a tag time to be matured.
A Congress most finally decision its adoption. What
bill Lngland say to this?
baci.:.isca 20, salt, P. /4.—Nothing has as yet '•