New-York tribune., 1896-12-26
4 NATION AT B1 Y.
Ing names.

Detoils of the subscriptions 10 the recent
Spanish Interior Loan, now come TO manu.
make Interesting reading The pubic airea"s
knows that the Madrid Government. indlhG
lis treasury rapidly emptyng and i'seit "'a"ip
to harrow money abroad. made an almost ucS-
nerate appeal 10 the people and 10 thcr pa
trjotism. The press The Church and the local
ouhnritics rvcrvwhcre cXhorted the people 10
show 10 the world by their devotion what
Snoin conld do when driven TO the wall ana
turned M bay The response was what was I"
be cypcctcd of so proud and fcrvcn- spirited
n people The lean was enormously oversuu'
scribel The total amount authorized 10 De
raised was $50 900 900 in 100000 bonds of 500
.ach: but ONLY SJOOOOOOO in 6OOV0 bonds.
was to hn taken at once the remainder being
held as a reserve. to be called for II needed III
future Against this immediate call Tor SJo-
0ooOoo Madrid alone subscribed more than
s,;o 600 600 and the entire Kingdom offered not
merely the full SsOOoooOo. but no less than
S11S9ooooo All subscriptions of 500 or less
will he filled in full and all above that figure
will bc equally scaled down 10 a nominal l"'a'
Of SiOUu011
What is most inlr' cstiEE - the 'ist Oi names
az ..ni.cribprs apS tho amounts subscribed hy
IN. s.t d,,..a 80, StoUOr and >-DODO respect
lrc!y. aud t.,r aunt. "a, shfahia Isabella. I'r
10000 The Priae Minister. Scnor 'an"1aS
icl Castillo put hia name down for S+'',ooo HIS
wife for ST. 400: H. aioiher-in-law for SGo.oCo'
and his npphcw for $1,000. Other subscribers
were The Countess Df Bornos. S2OOo0Oo: 'he
Marquis of Vallejo aLd the duchess of Sevi-
lano. 5000 600 each. ihe Marquis Of Nillamcjor'
. ',t nd flln a. ~
S1OOOOG each besides a number Of bankers
ana banking firms from $joo.OOO 10 S4."~V"
each. Nor must the famous toreador. Guer-
rita he forgotten. He put his name down for
no less than $27.50O. as he was well able 10
do. seeing that his income from bul-fgh'ing IS
over $4,000 a year. and his fortune. amassed
in the last ten years fully SJ0n.uOo. By the
side Of these are the names of thousands of
humber folk 1radesmen. peasants priests. hSll-
ermcn muleteers and others. for one or 'wo
bonds each 1t is Il national loan IN The truest
sense of the term. and reflects the greatest
credit upon the patriotism Of the Spanish l"".
pie.
But what next: The proceeds Of hi@ i"ah
might carry the Cuban war through the V n
ter. If all could hc applied thereto. But thar
is impossible Already some s2G.40OooO has
gone for arrears that had to be paid ut once
That makes 4 big hole in the HyOOOO.~J. or
rather the Si6.50O.WW. since th" loan Wa is
sued at per cent below par. The remaining
$50 100000 will not ;st long. at the present
late Of $l20OO.0OO Il month expended in Cuba
alone. 10 say nothing of the Philippines. Even
should the reserved S3O.OOO.OOO be called i'll.
the Treasury would be- depleted again by
spring And what then? Even such patriot
ism as that of Spain cannot forever keep Oh
providing funds and foreign bankers will
doubtless be more reluctant to loan money next
year than they have been this year. II is a
desperate plight that the proud old nation is
in: and it is the irony of fate that her finan-
cial distress. and perhaps ruin. should be cf
fected in the very quarter of the globe from
which she formerly drew her marvellous treas
ures of silver and gold.