The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1852-12-02
Of the United States viii be Of character entirely df
fsrspt Here il the British opinion Of the matter -

Of tho United States viii be Of character entirely df
ferept. Here IL the British opinion Of the matter
From the London Morning Post, Aug. 81. 1851
The arrangement tho spanish debt agreed yestsr
day at meeting Of bondholders, held at the Londes
Tavern affair Of deep national interest involving
~ doeseven assuming that the provisions OF 1t be for
once faithfully observed BY the Madrid governmest,an
debt in the 1884 and having In virtue Of the settle
men. made at that period succeeded In asing smother
. defaulter in 1886 SO she has conausd down to the
present date and she effects conascAt0ry arrange
ment still runous to her foreign creditors than tho
arrangement that may be protested against by
individual bonchodsrs but In vain OF BECAUSE
daring che is in her treatment of her best friends the
policy of Is opposed and doubt wisely
50, to the principle Of going to war for debts
tracted with British subjects for the service Of TO-
reign states Any this country that might
mix itself up in political difficulties arising out Of forsiga
loan transactions, would be most unpopular. The
Of war made for the sake Of speculstors in for
eisn bonds, would be tolerated by the public at
large The feeling against IT, and such mode of OBJ
tanning justice for them be thought Of Yet the
graceful .ancica is different position, She can with
out fear take the private citizens
delinquent and indebted States and has repeatedly done
So spain Will be careful to incur no liabilities In that
quarter which she is not prepared to meet. In
the event Of demur, the presence of ship Of
war of Csdiz, Malaga, or Barcelona, 10 know tho
why, would be tho consequence; but in
European politics there com pnc atoms which
render these summary appeals undesirable and hence
raised in England The chief sufferers BY the self die
tating scheme Of settlement OF the Spanish
rot sanctioned exactly bnt certainly ratified by the
ting Of yesterday still address TO their well found
ed orapsiats BY Of tie number it Is obsrvsd--
Dutch friends the dis favored holders Of bonds
excoupons against the other two sections-nAmsly
the holders OF bosds with eonponsand the loss to the
coupon holders Is without pretext apology being
trary to al previous legislative snactments ell tho
world perfectly knows"
senior Bravo Murio, however, understood the art Of
ilegszipg and undong all that had before been
settled fixed established law relative to the coupon
questions vast deal of nonsense was advanced ut the
meeting by the speakers as to the prsv
policy and example OF Chilli Peru and other iDdeb
States No notice was taken Of the important dis
ncuoR to be that in the referred to- Chilli
paying and has for years paid per cent per
while Pcru slready pays per cent, and engages uu
stances there had been any former leg ation much
sss any previous cutting down Of either principal In
terest pod PaaTe ct uod comment uont togsurs eosss
1t certainly is charming illustration Of Spanish per-
fdy II nothing else to and offer beggsry per
cent to Ricardos loan holders and half per cent
the now ruined old Cortez bond holders; anything
be shameless? We'll might one Of the leading
remark. in auson to the rising in Cuba, that IL the
mother country would behave go hsartessly towards
her European creditors was not to be wondered at
sessions, such as could longer be borne with. The
proclamation published in the columns Of paper
day two ago. will have made readers cognizant Of
the sort Of discipline to which this Cubsns have had to
submit for years past under the cruelty depoto system
COERCION OF which tney nave pe0n vlctins Inc
Captain Gsneral Concha Is said to have been recalled
from the unfortunate issDd but the stated
His rule probably too mild to the requirements
Of his instructions from home. That think, the
principal failing Of his predecessor Both able men
but that they should have any of mercy oompAs
sion. would be incompatible with the policy pursued
nearer homo. The bondholders supported the Spanish
Cortcs because they proclaimed themselves to be friends
to liberty and justice yet have opportunity Of
seeing how their pretenons borne out BY the treat
ment pursued them Of those they bound to pro-
tect well Ia in the otherss well In the
Of the deluded bondhoders themselves in that
Of the unhappy Cubans
Here Ii policy defined for 1t is true that Spain
will incur direct liabilities with this country which she
is not prepared to meet and the probability that any
claim upon that Of indirect nature would
receive greater confederation than the capitalists of any
part Of Europe have received. To leave stone
turned in the accomplishment Of the grand great
portion Of the peopeof this country have in view the
attention Of the most prominent parties in the
has time past been turned to the acquisition OF
such amount Of evidences Of Spanish indebtedness
will give them claim upon government for aid In
forcing ts collection. As the democratic party
into power, (March 4, 1852 negotiations With
Spain will be carried on In spirit entirely der mt from
that which has characterized those Of tho present feeble
pulan!mous govern ment Among the first acts Of Gen
not inactive in accommodating such material ~ vii
exert powerful influence upon tho result We have
lorg to settle With tho Spsnish government
fortunately In about three months shall have govern
ment ut home that will not be triAsd with.