, 1875-10-01
ownod and occupied by II. W. 11aTsn. Lo.s n,
l,htn. $50; Nh contenls, s1DO. No nysl,ancc
Cause unknown.
AN INITIATION l'lsEC1sDENr
The Efforts Of s'htl1tp I1.+ Of spa,n.
and What Came nf II.

fsw york Tribune.
Phillip II. considered himself ~ rnueh h.
yond the operation Of natural lnvs anu scian.
tiac trntlls as any ntatoaman OF lay copsidcr,
LIS country or hts party. He was dull and
ignorant bigot, who thonght Just ns tho ra,
ptiasfonIsts Of today think, that 10 could afon,
to treat with contempt MI tho traditions Of tras
tiuns nf public morals. lie has! wastotl mnns,
taysl,y, md borrowed Il at high ratca Of int"r.'
cat. II began to grow ll.ir1enao!no ami irk Some
TO ray, and SO tho anolntot monarch, very rnnrh
nj it I.c Ind got llis ideas from Democratic ma,.
meetings In Ulio. cartio To ta,o conclusion tf.t
croditnrH were tnaofRctors. aud thRt tin Iendno
Of money wAs critne deserving exemplary p,,n'
ishmont. On tho Goth Of November, Isis. In
leencd long aud pinus proclamation Bayiuc in
substance that iie had hcen to Eroas oxpouso in
bntcl,eling p1otestants, and tint ho found i,
hard TO lay "tho grioyul,s damages, discount.
ant interest, which, bad boon forced upon him
(naking II Hcotn, Just III bis imitatore do 10 lay.
lint lho loan was put upon linn originally IN IL
nut hl,Auco him hny moro money without "a
curty, md tint ho was Ao much In debt tlsi
t1ls waH embarrassing; that i,u therefore can.
celol all such obligations. resetvinG for htuscI!
to decide whether no wotlld herehfter PAY a.,
Of them, and took again Into h'a liossesslon Ill
bis mortaagod property.
No do not know but tf,nt We shall be On,
couragtng the bcllamltca Of 0l.io by roiatin,
tllo cDnae4uonCcB Of this Infamous act 1he11
dn not nppear to obJcct to ruin aud disaster, pro-
Vallny and Oh tLo JnnoB Ttser. but We viii Il
all evnutB quote n few lines from Mr., 11ottoy IL
to the result Of Phillips work: "Tho effect of
tho PRONUNCIATION Of Ibis measure waB ina!an.
tnneolis. Two millions aud q lalf Of exchapes
cold by Cnttlinal Albert camo back In ono div
p,otcstod. The chief merchants ard bankers ot
Europe suspended paymont. Ther creditots
became bankrupt. at ihe Frankfort tair Tiers
wore moro failures Ill one day then there hi
beon in all the years since Frankfort existed.
pair upon every Exchange, in every counting.
rooln, In oyerg palace, IN every cottage Il
Christondom. :. Sucl, urisno az ths hai
novcr been conceived BY bumsh heart betort."
They would onls Rloat over tue proapect Of TX.
ing it ont of Tic ihohoyed c1asB III tliis fashion,
But they may possibly think 1t worth while to
consider that tlll4 tremendous cfmo did mt PAT,
A year lnter rhtll!p found that housekeeping
waa Impossible under tila load, and Ito WAS o..
debts, to orado which ho had incurred such ID.
fanny.
70 Phillip II. succeeded his Hon Phillip III,
Tho greatest blgot md murderer who ever sA
lu,bccilea. This paltry creature was surrounded
by q greedy court Of thieves al,l randarors 1lo
wrought their own fonl Wills will, tho pnlie
treasury. Thore wato millions for these yicou1
faroritos, but not enough for their asatice, and
from their vast needs and their narrnw b,aius
carao forth another brilliant Hchon,c fos "keep-
Ing money equai to tho demands ut traies
Tl.oy debased lilo coin Of tho realm, they isBscA
millions Of copper tokcna, they lowered TIA
ratio Of interest on Government loans. and Anl-
kuavery In high places. this ldiotio Government
docrccd that the ploco OF mnravcdis ehould
bo worth 4 l,urayeltg, aud that tho nece worth
9 should bo worth 4. lIote Is exact paa,aleI