President Loubet arrived on Monday in Madrid on his return
visit to the King of Spain, and his reception is described as "triumphal." The Court paid him the honours usually reserved for first-class Monarchs ; the people dressed their city with flags, even in streets which be would not see ; and the bourgeoisie welcomed him with the heartiest applause. A great review was held in his honour, and the Municipality voted him a banquet, which; like the banquet at the Palace, was followed by the most cordial toasts, the Premier, Senor Montero Rios, leading the way with a hearty eulogium on France. M. Loubet was most cordial in his compliments to the Spanish Army; and it is said the project for piercing the Pyrenees with two railways, which has rather hung fire, will now be pushed forward with redoubled energy The extreme cordiality of the welcome is the more noteworthy because it is said to have been one of the objects of Qerman diplomacy to detach Spain, as a Monarchical and Roman Catholic country, from France, which is Republican and anti-clerical. Repre- sentations in that sense, however, all failed, and Spain now declares that at the Conference at Algeciras, to which the Sultan of Morocco has at length fully assented, sbe will vote strictly on all questions with France and Great Britain.