The Statesman.
London, England, 1823-12-26 00:00:00

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SPAIN.

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tetters of Monday evening-rutin Paris mention that the
Ittry at Madrid ere net likely to retain their
vl4 They were bronebt into otter, it is sorpoqed,
ist h the intrigues-of Pozzo 41 Borg°, the
. bet the nnited- fifth:more of thy- Pretith and:
teb rismbassadors is vow raid to be preilcaiieant, and
••• t wit; dietatiahe azpitinttnent of the Micistry that
netted them,, liitlividitals trill. it it he selected
are etided getter:olv by a more liberY. Indies-, and who
be supposed capable rrf ;1104n:inc. a control even ovrr
'fickle and arititra,v disposition of F.rdinand liimsrif.
the affair of the new lb anciatirranzement with Spain; it
9 supposed that at least a frlllllllgdit woniti ellisr before
.thing tleriziive could-he known, and its ht•irs. l•run elf tto
etnit favontalde to the boldera of the constitutional bond,
lcirprobtthly denend on the !turrets of the efforts for
itog out the existite; Ministry. The notable plan for
the intispendenose of South Ante:rim is now said to
originated with the. well known M. Ouv-srd, the
ncier stal contraetor. who ;i:iti..zirs to have relied on it
twortre Fertlitiaoil from the mortification of acknowledging
rrie othts coot/ by thic.Cortett. It is said that the
a1..1r,1 proposal %Kt never listened to for an instant hy the
capitalists who lately visit :d Paris far the purpose of
atvenc.ing the more open and Aker: f.n inrial negotiation
*,- with the STI tvlabi r.'Stoittl Government. There were (nth.
"""coltirs sufficient in that undertaking to prevent their
travelling nut of it after schemes of such didicult or
iw-
possible execution.

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N' PROJECT FOR ALTERTNO THE FRENCH
STOI•K.

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'it is said to he stated in a letter from Paris of Monday
last,Sbat a project has been submitted to M. De 'Allele,
the Freni•lh Minister of Finance, for altering the deco-
rr•narion of Frethh sock from a fire per rent. to a three
• per-amt. annuity. This demands apparently no sacritire
03 the part nf the stockholder, but is rather an advantage,
inasninch as he will receive the sane atuotrA of interest
as before. while his cre•lit on the Governmert will he repre-
sented by a great nominal amount of capi:al. The stock
would then he quoted at a lower price in the market, which,
supposing it to Insintlin its preset estimation, would be
shoot 51: Ihat being the prepirtionate value a three pot
cent.anncity hears to a tire per cent. annuity at 91. This
calculation will show, by the war, the s.tperior confidence
Aced by capitalists in Gie Fri:7ns], over the French national
eecuritles, since an annuity of dl. per annum in our
fonds costs SR at the present moment. Vet our debt is
foot times as large as that of Franc: in nominal amount,
and considering the greater pot:al:lion of that country is
cig it Liars as large. The motives of M. de Vil!eto 'for this
new arrangement of the public deht are .not eery apparent.
toe frit ant mat obvious effect bring to ins . its nominal
apionnt by two fifths; bet we kern that what has been recom-
/needed the plan to this Minister has beemthe expectation that
the holders of French stock, who will he effectually freed by
this measure from all apprehensions of a reduction of the in-
terest when the retries shall have risen nhove par, as was the
cese two years ago in this country. will have no objection to
present him With a handsome bonus rir makinc the conversion.
That therwin he content, for example. to accept of a 3 per
cent..stoett it G:), instead of AL which would be the doe pro-
portion in the present state of the trark.l.—M. de Villele
would thus secure to the Government, what would he equiva
ietit to a new loan of shout 11.0130,0 M sterling. u idiom any
itt.tition tai the interest paid anituady on account or the puha
debt. Those boilers of five per cents. who do not accede to
*Proposition will become liable to be paid off at par. The
otthieet, however, is still in embryo, and may undergo many
modifications before it is madepublic.

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'7

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. fIAYONNE INTELLIGENCE.
,
Barron/,, sc. IG.—The regular coneeelhas bronglil
13. . ' 6
letters from Madrid of the I 1 th. The Jottrnals are nut in-
teresting ; there is no political istell genre. The Pre-
lairs, and all the Ecclesissties wheider si "--1•2.1. h"e• II
in t 10, presented a petition to thipsdng, for the rr-r,ta-
klislimetit OfMte Inquisition. The King anstvered th it
Li sties not fOr authorised to do it by the Powers and by
the Pope, liana which set might infer the desire of doing
ft. The Mike of Sin Fern %rid° has been handiherl to his
/states for having refused the Embassy that was off..red
i•i M. The corps of Quesada, it seems, is going to be dis-
banded. The troops of Latino, which were at Mairid, and
looked mere like a band of robbers than soldiers, have left
the capital. It is stated from Alicant, That though the
capitolatinn says there shall he a French garrison the
Spanish General Sempere will command, which dishisra
the. inhabitants. General Sempere has placed a piece
of cannon at his gate, and never • goes out without an
escort. g
Accounts from Xeres de la Frontiers of the 211, say that
t,tt partiesarerentioratlly engaged all over the country ;
- ; nstitirtionslisti arrest,-plunder, and kill the seiviles,
sif -is take their rirenga when they are in force ; nineteen
sedriots were lifely taken and shot ; they died crying—
.. The Constitution for ever! " The intriguing patty exert
allitlreir efforts at Goon, to prevent the King from issuing
an amnesty, on which, however, he does not think any
more.. Thtis the new blinisdry,., from which so n-thing
sea, hoped, will do nothing toretnedyilfre evils th it oppress
the kingdoM.
• The encriei of the army, who comes three times a 'reek
.ell henceforth come only once, s•• that ot'r correspond-
:nee will be carried on in the same Inver as before the
war,
The 5.11 regirnsnt of ri veers is arrived. We now know
Why the Recorder (Arclilvesti) of the place, lost his office
at the beginning of the war; he was a freer:iv:on, and
Oen. D'Auticharup required for this reason that he should
be dismissed. . . .
l'esterdav two bettalions of the guard arrived ; they
were only OW strong, though It is said they recruited
at 51adaitl. ..

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fIiGULAND OW/TAINS AND VICIR .BEARS .0-We on
derstand that a ilia "has-occorred', dnring Ilse present.
Session, .which has
.forisisbed great arq,uartnispe to
gentleman of the long robe. It may be its
/bin of our readers, that. laid yeali;durilik Ie ilaj.itt's
stud'visit, a dispute arose betwixt Glengarry the Ce tic
jot irty, which ran to high words; and that, ultiMately,
Glengarry threatened destractiou to the whole body, by
steins of two heats, the ancient implicit-tees of his timily.
It seems that Glengarry has since discovered iliat his
friend Clanranll.l has assented, in his arms. the said tiro
tears, which aff.irded Glengarry each a bulwark of defence
in his q 1 with the Celtic Society; and he has raised a
formidable action at law, to have Clanratilid ordained to
deface these supporters from, his acme, and to tay
it found and declare 1 Olaf he hjinrelf has the ex-
clusive privilege of having his' shill.' upheld by
frets. The cause W:l4 debated a few days Nan at great
letigte, when it was maintained for ganranald, lit, That the
Lyon Court otly had jorisdielion ifs Imeh matters. 21, Teat
Mengarry had no exclusive right to bears. 3d, TM. t his bears
woe different from Glengarry's bears, because lAr had two
arrows stuck in them. arh Glengarry 's bears had only
one ; and ithly (horrible dlctn), Thit Glengarry had no right
to any arms whatever! So important did the right of associ-
ating and waiting these puissant bears to the fa'nily coats of
(meet the litigants eppeir to the Learned Judge, that he de-
clined giving env opinion, leaving the case broken off in the
mitletle, like the celebrated canto of the bear and the 'idols.—
This case,therefore, awaits the solemn decision of the Inner
Souse. 'a shall perhaps, at a Mere time, communicate the
result of this interesting question, unless It shalt be thought
that this may turn out a bear account. The disputations en.
tertained against one .bother by these redoubled Highland
Champions, ere more in shimmer, sod more bear-able (tole.
Table used to be the word) than cartels polemics curried on
lately in the Weetb) the sons of meekness and o Christian
charityre(4dintrarph Literary tilts)

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