To The Editor Of The Time...
Tcledo, APlil 9, 1S24. Sir,-I have before me Thte Timtes to the date of the 2d of April, in whlich r navc read the reflections you have published On an indi- vidual residing in M1ladrid. Your correspondent is mtore interested than well informed: ii any of those allusions are meant fosr me. he knows as little of nsv history and afFairs as lie knous of what is pass- inz in Madrid. I have made propositions for a loan to the Spanish Governrnent. but of ia very Piilhtrent nature front those yozu write ahout. I offered his Catholic Majesty a suns of momey, anrd I desired lor the basis of mily treaty wvith thc Government a liquidation of all debts of every description due to foreigners, convincetl Spain can never re-establish her finances till she has taken that step. I have emploved evern mleans I could to convince, not onlv his Majesty, but his MIinisters, of the absolute necessity of ascertaining the amount of the whole of their debt, and inimiediatcly enterinz into tjse-liquidation of it, ac- cording to their mzeans. I represented strongly the degrce of credit to which France and Naples-both c %untrics that had suffered from revolutions-had attained since thiose uniortunate events. Ipointed out how easily by good faithi anti an economiiicaiadministration Spain would in a few years retrieve hier credit and finances; and although his Majesty mi.ht be obliged to cail oil his subjects for a present sacrifice, it was evitlent Spain would beultimately the gainer in every ptnnt. None of the caluiiinious epithets li yout colutmns can apply to tie. I trubt yotu have a sulficient sense of -i to ins i our oflentxervant, P. GROVE. TO TIHE EDITOR OF THE TI.lrES.