Spanish Bonon.
TO Ts3E EDITOR OF THE TIMEF}S. S r,-As we have heard a oodil deal, tbis week, of those eminent WrIterl on the law of nations. Vattel and Bynckershoek, vou would probablJy lae no objection to afford publicity, through tie medium ot your widely circulating journal, to a passaage from a no less cele- brated author-namely, Grotius, who, in his History of the War in Ihe XVtherlands, writes as follows:- In 1591; Philip I f. declared himselt a bankrupt, under prefence that :n inlair advantage had heen taken of his necessities. His creditors loudlV exclaimed against his conduct, and asserted that no confidence co.:ld thencefrorward bc placed eithier in his word or his treaties. sInce he interr'osed the royal authority to ,supersede them. llecould no longer find any ote v.ho was willing to lend him money, and his afl.dra suffered so severely in consequence, that he was obliged to replace thints on their former footing, and to heal the wound which hc had g ivrn to the public faith." Those wvho wisis, for inforn,ation as to contracts betwecn sovereign states anI( private persons, may consult Mr. Canning's authority- Vattel, Book 2, clap. I , sec. 214, 15, 1f. I ouir insertion ef tlte above at the present iuncture may not be totaly utselet or unintsrestinjg, and w.l1 oblige, Sir, your obe(lient 8ervant, A k?CIE-1) TU PUBI,IC FAITH. .S P A ,NXr-rxNM iiR f7 vn