We present the new projec...
WVe present the new project of a loan, wlichl FERDI- RAND-the wortlhy FERDINAND-has cndeavouted to ne- gotiate in France; but the attempt has agaii failed. The termswere such as one would think might tempt cupidity; but one condition, says the writer of the letter, was want- ing.-" the honourable fulfilment of former contracts." Now this is to a certain dlegree, or rather in a certain sense, truc; andl in a certain sense false. If the writer supposes that the money-lenders of this or any other capita] will not lend their money, except to an honourable man, and for honourable purposes, he is grievously mistaken. WVere FERDINAND that dark mysterious personage himself, whom he so much rcsemblcs in every thing but abilities, and were the enterprise in wlhich he was engage(d such as would even make the " dark mysterious personage" ashamed of his iniquity, he would stiU find no difficulty in raising money for the accomplishment of his object, providled his interest was exorbitant, his fands sure, and his credit good. It is the want of these two last ingre- dients in the composition of every project for a new loan, that makes them all fail. Our opinion is, that His Catho- lic Majesty will be able to raise no more money by loan; but the foundation of that opinion is, that he can give no security, and find no funds for the payment of the interest.