The Times publishes a telegram from Madrid affirming that the
King of Italy has finally refused to assent to the election of the Duke of Genoa for the throne of Spain, on the ground of French opposition. The Emperor Napoleon, he says, does not wish to see Italy aggrandized, or the Mediterranean turned into an Italian lake. If the object is to ensure the election of the Duke of Genoa, that is a clever telegram, as it will arouse all the Spanish jealousy of dictation from the Tuileries. Prim has, nevertheless, requested the Cortes to draw up a scheme for the election of a King, which suggests that he has somewhere a candidate who might be accept- able. This may, however, be a mere device to gain time, the only certain fact of the situation being that Spain contrives to go on from month to month without a throne, without a treasury, and Without falling into visible anarchy.