Star.
London, England, 1818-12-17 00:00:00

Sunday, and will probably return to England at the
same time with his,Grace. •
so., \.
The Journal des Debate stags, that the Five pet°
Cents. after the brine of the Exchange Report on

Saturday* had risen to 65 fr. ••••
We still continue without any 2orrect information
ail'o•the rumours which- have been within these few
days afloat, as to some extraordinary political move-
ment having taken plane Span. .The rumour pre-,
Talent yesterday in those circles known so possess the
most accurate information with respect to Spanish
affairs, was, that a general dnd simultaneous revolt
had broken out ; that the soldiers of the line sent to'
oppose the God-Was, had joined and made common
cause with. them, and were actually marching on
Madrid, from whence the Royal Family and Sir
Harnav WELLESLEY had fled and taken refuge in the
Escurial. We are inclined to give considerable cre-
dit to this report of the matter, in as far as respects
the actual existence of a formidable body of Insur-
gents and their moving with hostile intentions on the
capital ; but we are not prepared by any informa-
tion we possess, to go the length of believing that
the revolt has been either of the general or " simul.
taneous" character represented.
The origin of the present movement, assuming it
for granted that there actually has been one, will be
found, we believe, in an account which we gave so
far back as the 27th ult. on the authority of letters
from Madrid of the lOth, by referring to which some
idea may be formed of the probable extent of the
existing danger. We stated then, that a number of
soldiers who had been long deprived of their pay,
and consequently much dissatisfied, had deserted
and taken shelter in the mountains of Gallicia; where
they had been joined by a considerable body of pea-
sants, reduced by the late war, and accustomed to!
depredations with theGuerilla parties—that the whole
constituted a force so formidable, that the ordinary
Police was incompetent to suppress it—that their
purpose was openrebellion, and that they had circu-
lated Proclamations to that effect. We added, at
the same time, that a body of Spanish infantry had
been dispatched for the purpose of subduing them;
but that it was much doubted whether many of these
soldiers were not equally inclined to disobedience. In
this surmise, it would now, appear that we did no in-
justice to the supposed fidelity of the Royal troops,
and that they had, as anticipated, actually revolted,
and made common cause with those they were sent to
subdue. A nucleus of rebellion being thus once formed,
nothing is more probable, in the existing state of
public feeling in Spain, than that it should have gone
on encreasing by accessions from all quarters, till it'
has reached the formidable height represented by the
current- accounts.

The real state of the matter, however, is still under
very considerable obscurity. The French Papers,
which are generally pretty fertile on Spanish affairs,
no not furnish us to-day with any thing which ap-
pears to have any reference to such an event. The
two articles which we subjoin from them, are wholly
occupied with the old theme of the never-to-be dis-
patched Grand Expedition from Cadiz !