Spanish Bonds.
The Times, 1824-01-07T00:00:00

(From the Q,zotidien7me) Translation of a letterwritten by the Treasurer-Geneal of Spain to MI. Louis Guebbard, banker, nt Paris:- The. Cominis : "e MADRID, DEc, 22, 1823. *. " 'The Commissio.ner sent by his Alajesty to your capital to make arrangenents .with vou ielativ'ely to the Roval loan with whicb you are charged,hbasinfdrmedae def the manteu3res by means of which, on thie announcement of' thocbangeof our Alinistty. the bondsof tluixevolutionary llvernment obtained fresh credit. This opera- tian, adroitly directed by-a neikhbonring Government, and prepared beforehand by.means of couriqrs,, deceived those imprudent persons 'wh6 purchased 3 qunntity of tliat paper, because they did not un- derstand the firmness ofthe Spanish characterj or that of our august Mo7Ajaich.. " His Maqjstv, ,Kiftekisti only for his people, has by his decree ofthe lstofOctberfixed thelotoitheloansoftherebellion. TheKing was convinced that tb3r&eYenisoth-A wn.a&I Pnncp 1fl.;nn tn ! r19Usr LaRtentaDie consequences, and that it would be buying his dishonocr and-Mhi rii;h byIflthe violation of a priticiple consevative of-all2tbrones, to r zcogn ze he pol'ticla and admiastrative' acts of the revohtonists' :T-his principle- is consecrated, and all the Sove- reigns oF%'uropohav& hkppilyr wdopted ii; since the contrary prin- ciple would have fo'rit result'the authorization-ofrevolt. `.The prinnpis ie igzed by the M.inarchs atethe basis of tleir mistructions i}F the migsions' ivEh they $ive to their servants; but the latter somntimies; yielding to calculations of interest, 'abuse the. eonfidence reposedim them ty their masters. -Hence came the ter- rifle atitcksawhickth Me- . srx3fust removed from:9ffice-had to un- Xett even the v` t halemaintzinedi the conserva- tive prln~1c&; shbowesetbat, tho4gh they coild not direedt attaa& htbo princ-plesiithout 'renouncing the most salitay maxims of 'thegenerij reseoration, they nevertheless attemptedin every wossi- ble rnalsier to carry'theip by surprise. ~" In'fire, my friend} dthe change of' Ainistry caDnot iH the least degree alt'et te conservade-principle which the wisdiom of his Mla-- jestybasadopted. The unfortunate persons, tberefote, who baveo beetn teduced by certain indivtduals that flt several years past have ,hbeen 7playing.with the public'interest, wil find their disappointment ;r the sneasures which the iGovernment is about to take for the con- o]idhtioii of its credit; for the presvrit Ministers also are true Spa- niadir ineajpa71etof'giving his MI ajesty anycounsel inconsistentwith the good ofhis people, and the people have nt length opened their eyes, and knor tbat'a11 the erils'they'have suf'ered for the last three years have'arisezs- from:the revolutiouaryloans. Hence, my friend,. ydu mna F be'assureed; tbat-befote a' fortnight has elapsed the veil which has ?iitherto c4iered:th,i mysterious afiair will be completely ?ro 'avWay. I ani&c.. -(Signed) " PIO DE ELIZALD2E.' In ' the letter which we published yesterday, addressed to Mf. Guebhah,'by Dohd Pio de Elfzarde,:meihti1nis madeof a rwig*boulr- fnkGbvernm " 1, whose-agents' are endeavouring to prolong the ex- isteSceofthe loaniof the Coit(s. Some persons havini desired to* know whietCovemment is thus vaguely indicated 'we tuink it-ne- cesspry't aLfHrni,'that the euthor (Dr the Spanish letter, the transla- tion of-which wKs'sent to us, hadbv no means Prance in view- and was not undestood to speak of' theGovernment of the Kiirg. 'We make this ded=aratios&eldly fbr the sakt7 of truth.-Quotidienne of Sunday. SPANISW BONDS.