2 SEPTEMBER 1854, Page 1

The Spanish Ministers seem po haye, got out of one

diffioulty while plunging into others that Fate IAA prepared for them: The telegraph reports a commotion in Madrid occasioned by the " re- tirewhint ". of ,Queen,Christiva ; and if the report is correct, Es- Partero is saved the alarming, eMbaneasment of conducting at• 0469 the Iseatecuticon of the Queen'amotherund the reconstruction of the Queen's throne. There are ray reasons for supposing that

the report may be right in connecting the British Ambassador with this rescue for all parties.

Meanwhile, the Minister Dictator is drifting into ‘the ahoals.of S anish fulance,—an obstruction that looks really impassable. The Finance Minister reports a deficit on the current account of 707 millions of reels [6,700,000/.] ; of that sum debts amounting to about 253 millions demand immediate attention, and 68 millions are urgent. So Espartero is negotiating an advance from capi- talists of 50 millions, guaranteed on the revenues of Efavannah and Porto Rico. But, if we mistake not, those revenues are already pledged to the amount of their probable fruits for more than two years ; and the Spanish tenure of Cuba makes any revenue accruing from that island a very precarious guarantee. The American offer of purchase is, we believe, still held out—and a purse in hand is worth ten Cubes in the future. Yet we can imagine the patriotic and certainly not worldly Espartero ponder- ing much the vexing question, to sell or not to sell.