The New York herald., 1871-10-07
TELEGRAM TO THE NEW YORK HERALD.

MADRID, Oct 9, 1871.
the Premier, Admiral Malcampo. completed his
list OF ministerial appointments, and constituted
defnitively. apparenty-a Cabinet yesterday.
An oficial difficulty presented almost immedi-
ately, however. and His Majesty Amadeus still
wants two OF the constitutional number OF the ad-
visers OF the Crown In consequence.
Sehors Olozaga and Alvarez having declined to
serve the portfolios OF Foreign Affairs and the In
terror have been rendered to Seniors Cantalas and
Pedras respectively.
Meantime, pending their acceptance, Admiral
Malcampo viii administer the AFFAIRS of the Foreign
and Interior departments personally, thus cOncen-
trat1ng vast power In his own handsome OF the
most prominent OF the objections which was urgcd
against Prim during his latest term State service
NATIONAL ECONOMY THE PROMINENT POLICY.
semi. Official statement OF the policy OF the new
Ministry is made public to-day. 1t announces that
the measures OF Sehor Gorilla Will be persevered in
She salaries Of the civil list be reduced and other
proper measures adopted In furtherance Of the ideas
OF the progressista party for the welfare OF Spain.
TREASURY RETRENCHMEET A VITAL NECESSITY.
course OF retrenchment In the public expendi-
lures OF Spain has become absolutely essential to the
continued existence Of the nation.
on the 18th OF May last Senior Moret Minister or
Finance, presented Treasury exhibit OF the most
dscouraging character to the Legislative Body. ho
commenced Dy COnleS6ng tnat III Lne ouuSct HguIeS
of December, 1870 there was material error. The
deficit then calculated at 200 to 800 millions of
reals, would be by the 30th or June 1871, 1,700
millions OF reals To speak more correctly, the de-
ncit in the present Budget Q870-7 on the 30th Of
June would be 440 millions of pesetas; sale OF Treas
ury bonds &c. might reduce 1t by los millions, leav
ing 332 millions as the actual deficit. The prominent
items were:-Payments OF clergy In suspense,
So 900 pesetas due to Bank OF Spain 90 600;
obligations OF noatlDg debt. 77,0OO 600; Treasury
notes issued, $4,000. 600; SIX months coupons Of
debt 1OO OO0 total 332 900 pesetas equal to
$4,000, 900 (gold In round figures. His calculations
for the financial year, July l. 1871, to the soth OF
June 1872 were Expenditure, e27 ,O2s pesetas;
revenue, $685. 671 deficit Ss,7l0,352 That is to
say on the coming year he showed deficiency Of
about $195, ,0oO, 900, gold.
NJ MOret continued thus:-"Here we have our po-
stion In all its nakedness l rely on your patri-
otism to fx your attention on some mode OF remedy
ing the evil. Let me make an observation. am not
going to blame any one for what has been done.
Ny duty is simply TO submit the thing 20 your judg-
ment; but 1 must say a word, especially to the
friends OF the revolution. The majority Of my
friends thinking over events, more than once have
felt doubts respecting the future and have had fears
or bankruptcy. / have myself felt the same fear,
and have had to hide from any companions In the
Cabinet the difficulties presented; but have conf.
dence In liberty and in the destnies Of my country
RADICAL DEMOCRACY ROLLING ALONG
The democrats everywhere are making demon
strations in favor OF Gorilla. Twenty-Five govern
ors OF provinces have rendered their designations.