The correspondent of the Times at Madrid forwards a state-
ment by Seiior Salmeron, the leader of the Republican party, which. if well founded, is important. Betior Salmeron implies, though he does not exactly say, that the resignation of Seiior $ilvela has destroyed in the Republican party all hope of compromise ; that they have broken with both Conservatives and Liberals; that they consider the policy favoured by the young King opposed to the interests of the country ; and that they have resolved upon immediate action. It may be taken as certain, we think, that the young King, upon whom so many hopes were fixed, has so far disappointed expectations ; that he is both Clerical and reactionary ; and that a vast number of Spaniards, irritated by their country's loss of prestige, fired by the example of France, and despairing of improvement in Madrid, are desirous of radical change.
