The speech in which Marshal Prim denied that he had
been concerned in the Portuguese Revolution has been received in England. It amounts to this,—that he has no wish to conquer Portugal, and it would in no way interfere with the election of King Ferdinand if the Cortes should resolve upon that step. The united thrones would then descend to King Louis on his father's death, and nobody would be conquered. Meanwhile the Spanish Government has achieved a little triumph. It has offered a.loan of /2,300,000 at 6 per cent., issued at 80, secured upon a lease of the Almaden quicksilver mines to Messrs. Rothschild, and English capitalists have contended for subscriptions. Messrs. Rothschild's name is a charm, but supposing Spain ready to repudiate the rest of her external debt, why should she not repudiate this contract? If her faith is good in one case, why not in the other ; and if in both, why buy stock yielding 7 per cent. when you can get the same stock at a price that yields 9?
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