Among the accounts from S...
Among the accounts from Spain so many are apocryphal,. that we hesitate to trouble our readers with them. Some information, however, which was submitted to us in the course of yesterday, we are disposed to think better worthy of attention. F;ERDINAND, with wliom commoni honesty seems to be a matter of intricate and painful calculation, had made the discovery a little while ago, that his quondam provinces in North and South America could uot be chastised as thoroughlv as they deserved, unless lie could first lay hold of a reasonable sum of money. But his friends, the Priests, having forestalled him there, so far as Spaniish specie and produce were concerned, His Miajesty found that he must once more condescend to borrow, anid even beg for liberty to borrow, from any foreign capitalist who would lend to him. A negotiation was accordingly openied with the agents of certain contractors, who avowed their eagerness to " accommodate" ifis Majesty; but with this preliminary proviso-that lie would give them some decent excuse -for inviting other people to share with them the risks (after first securing to themselves the profits of the transaction), by his consent to recognize, or to say that he recognized, the loans which he had already raised in his capacity of Constitutional King, and in conjunction with the Cortes, FERDINAND then, in the firm belief that such an efbrt of his royal condescension was equivalen. in the market to any amount of the precious metals for wlich he might please to sell it, promised graciously that he would yield to the supplication of the contractors, hinting at the same time, that some ten or twenty millions sterling would be on theirpart a proper return for so magnificent a boon. Next, unfortunately, as his evil genius would have it, another recognition was thought of by the capitalists- very simple, indeed, but inveterately galling-viz, that be- fore they came down with the money, he (FERDINAND) should strengthen his credit still further, by a recognition of American independence,-in other words, that for the sake of getting this money, he should previously sacrifice the very object for which lie desired to borrow it. Such is the position-ludicrous enough-in which the high con- tracting parties were placed, after some interchanges of pro- jets and contreprojets between thenm. Tile interesting point of the story is, that the negotiations were immedi- ately broken ofT; aud that F?RDINAND will probably wait until he feels the pressure of some new emergency, before his perverseness can be wholly subdued in favour of coin- mon honesty towards his European creditors, or of common ;ense as regards the people of the two Americas.