10 JANUARY 1874, Page 1

All military coups cretat are bad, but the notion that

this one was a Monarchical intrigue is, we believe, incorrect. Whatever Serrano's private desires, it seems certain that circumstances com- pel him to accept the Republic, and that he intervened mainly to prevent that dissolution of the Army which Pi y Margall's ,e'ection would have ensured. Serrano is a Spanish Ma,cMahon, and it is believed that his policy is to put down both the Carlists and -the Iotransigentes, in the name of the Republic, by sheer force —he has called out 100,000 extra men—to restore order every- where, and then to call a Constituent Cortes to decide on the permanent Government of Spain, which in all probability will be Republican, with an over-strong and centralised executive. - Don Alfonso has left Paris already for Vienna, Senor Castelar is

undisturbed in Madrid, and even Pi y Margall is, it is said, try- , ing in vein to raise up a new party. The Revolution is, in fact, one of those cases in which men must be judged rather by the use of power than by the means by which they acquired it, and bas been marked so far by a total absence of proscriptions, massacres, and arrests. The effect of the blow in Washington will be great,, as the last restraint on interference in Cuba, if 'desired by the American people, is removed.