2 OCTOBER 1847, Page 1

The rumour of the day at Madrid is, that after

all his ingenious meddling, Mr. Bulwer has been foiled, and that French influence is regaining its ascendancy : Serrano, it is said, has been bought over, and has established an "entente cordiale" with Narvaez. Such a bargain would be so obviously for the mutual interests of the two parties to it,—taking a low view of their interests,—that the fact is not improbable ; but in reality it rests only on the un-

stable tongue of rumour, and may be.unsaid tomorrow. •

There is some speculation as to the course which Espartero will take. If there is any truth in the reports of Serrano's adhesion to France, Espartero 's arrival in Madrid would evidently be "too late." Some appear to imagine, perhaps because they wish, that he may persist in making his appearance at Madrid. But such a step would seem to be most hazardous : it must be virtually a counter-revolution ; while there is in truth nothing in Spanish society that retains sufficient firmness and consistency to afford any hold for him to rely upon. It would be gambling in the caprices of Spanish vicissitude—a game in which there is little chance of gain and much of ruin.