As the value of Spanish C...
As the value of Snanish Constitutional Bonds has re- cently mrnprovc-.', it n'ay be interesting to state the cause, as far as it cn:i lie a;.ertained. Letters have been received from Pari-, wilich al anou,nce that tile Spanish Government, despairing o? ocing able to raise mnoiey by any other mode, i:ave at. ieigtl mai'de proposals to some English capitalists of the first rank, ta rle!otiate a loan in which the bonds of the C3rtes shou:d b: n.ade recceivable at the rate of 25 per Cent. Jhis propo;ition has, hotvcver, been very properly decline!: hUt ti;e pars of MI. CUEBIIARD ill Paris have, it seems, onl icaring the circumstance, rcsolvvd on attenpting that whig-h the Ba-lisih capilalists lhave reft'ued, and. they are now said to b takiing active measures for forming a jist of subscrib.r- tfr the purpose. This seenle to us a very slender ground of .b a 7lcc: for it does not strike us as possi- ble, lthrou6i such nmeaos, obViously founded in iijustice, to create confi'lenec throughout Europe in Spanish credit, evenl ttiouil prcater names were assuciated in the undertaking. 'rhoe c-r Fceuice of 'nope is, that F:RT'INAND at length Ibegins to ,;.1 q ;iiffintlties, and that by beginning with bmnall l,imessious, le may at lengtlh arrive at ani act of ~justice. ____