The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-09-16

for the PERSONS who took part in tie destruction Of
the Roman Catholic church at the same time and
place.
The FuYch Dse OF Cuba.-Has IL RceR Effected
The Financial Condition OF spain.
Our special Geographic despatch from Wash
irgton, publ he'd in yesterdays HERALD, ap-
prisel US with certain reservations that the
negotiations for the purchase and transfer Of
Cuba to the United States had resulted in q
bargain The statement is not avouched as
positive, undeniGbie fact, but is given as one OF
the on dts current in well-informed circles at
the capital apd our correspondent adds that
he credits the rumor. Now, is the whisper well
founded, or is the whole affair a mere unsub
stantial creation of the brain that has assumed
shape and form in the gaseous atmosphere in
veeting the Kitchen Cabinet? That is ques
ton in which The people of these States are fir
more deeply interested than they are in the is
sue of the war which now shakes Europe from
centre to circumference. II it be fact that
the Spanish ministry have accepted the offer,
which we know that Mr.. Soule was empowered
to make, then our difficulties in connection with
Cuba are at an end and all apprehensons in
regard to the contingent security Of our terri
tory on the Gulf of Mexico will have been
dissipated by the possession Of the Havana
Then will all clamors as to the establishment
Of new negro empire on our borders have
been set at rest flibusterism will have been
deprived Of the rich prize to which it aspired,
and the Lone Star Association may be disband-
| ed with as little loss to society as the cele-
brated Pickwick Club. The exiled Creoles
who now form so large an item in our
city population may return to their homes
undisturbed by fears OF the garote, and
participate in the new career Of great
ness and prosperity which will have been
opened to their native island. And then, in
fine, will fresh and vigorous impulse have
been given to our trade and commerce, hardly
inferior to that which we experienced on the
acquisition of California Is it not, therefore,
question of the most lively interest and deep
est Importance to the American people: has
the said bargain and sale been effected, and is
the ever faithful island of Cuba to renounce
her distssteful allegiance to her old metropolis?
Spain was never perhaps in q condition
when it would more eagerly grasp at the
tempting bait held ont to 1t by our government.
The new ministry have assumed the reins of
power under desperate disadvantages, the
worst of viii h is an empty treasury. A revo-
lutionsry and disorganized people may, by the
exercise of wise and judicious policy, be easily
quoted and reduced to social order. But how
to repleniah an exhausted treasury, where Gre
dit is ct low ebb, trade and commerce para
lyzed, and the nation all but bankrupt, that is
problem which could be solved by the Span
ish ministry in only the one way; and that is
to close with the brilliant offer made for the
transfer OF the island of Cuba to the United
States. The Spanish Minister Of Finance has
made an exposition (Which we publish else
where) of the deplorable state of the national
treasury, in which he admits that there is a de-
ficit for the current necessities Of the year of
s3o,OOO000, although the correspondents Of the
English papers assert that the deficit is nearer
fifty millions. And the minister in paroxysm
OF candor asks the question bow can itbe expect
ed that when in ordinary times the treasury is
unable to meet It's engagements without having
constant recourse to loans, it can now, without
credit ana with the sole resources OF revenue
much acknowledgements oir the public service!
The question is unanswerable. There % no re-
source left the Spanish nation in this exigency
but to gulp down it's foolish pride, aud draw on
the treasury of the United States for one hun
dred millions Of dollars. Espartero has already
been compelled to resort to the expediency c.
raising the wind" by borrowing some $780,
900 from the Madrid bankers. But that is but
a drop in the bucket, and has been swallowed
up ere this.
Another fact which induces MS to lend some
credence to the rumor as to the purchase Of Gu
ba being this moment un fat occompi il, that
the revenues Of the island are forestalled, an.
tcipated to the amount Of some $l6,OO0OO
and that therefore Spain cannot derive any
profit from it for the next two and half years
Under these circumstances, and from the convic-
ton pretty generally entertained in Spain that
her hold on Cuba even for that short space OF
time is rather precarious, the obviously most
prudent course and perhaps only alternative
for the Spanish government to adopt, is, to
accept the terms offered
We find too among our papers received by the
Niagara, some strong confrmatory proof of the
truth of the paragraph in question at least, so
far as relates TO the fact that negotiations
were on the tapis in Madrid. They do not in
deed announce the favorable result which our
Washington correspondent intimates, but that
does not take away much from their importance
iu this connection. The Madrid correspondent