18 JANUARY 1834, Page 7

From information which we have recently received, and on which

we place reliance, we are led to believe that the state of parties in Spain is by no means understood in this country ; and that it is systematically misrepresented in several of the leading Papers. There are but two parties possessing real power in Spain, the Constitutionalists and the Carlists. The Juste Milieu, the Queen's party, contains some adroit politicians, but bus no hold upon the nation. It is essentially weak, and extremely unpopular. No permanent junction can possibly take place between it arid the Constitutionalists, or the Carlists. The only chance, therefore, which the Queen Regent has of preserving the throne for her infant. daughter, is by throwing herself entirely into the arms of the Constitutionalists.

The Carlist party is not the miserable faction of plunderers which some describe it to be. It comprises a very large and increasing por- tion of the people, and a number of men of great property and high in- fluence, besides the priesthood. It receives the voluntary contributions of the inhabitants, who refuse to pay taxes to the Queen's Govern- ment. A compromise between this formidable confederacy and the Constitutionalists is not impossible; but neither of them will listen to

terms of alliance with the French or Juste Milieu faction, which is the object of their thorough detestation. It may suit the purpose of diplomatists and their organs to represent matters differently; but this is the actual state of parties in Spain.