A considerable number of Spanish Bondholders have signed a letter
to Mr. ROTHSC II I L D, requesting him to candescend so far as to become the banker and adviser a the Spanish Government at
this crisis in its financial efilLirs. These gentlemen address the Leviathan of the Money 'Market as if they took Lord Ilyeox's joke in earnest, and really believe that he " hilds the balance of the world," anti is the " true Lord of' Europe." It seems an ar- ticle of' their creed, that money is omnipotent; that the feelings or prejudices of the Spanish Nation would go for nothing; and that the Prime Stockjebher has only to say the word to become virtually the Prime ;Llinister of a country. We wonder whether
these devotees of wealth believe that Mr. ROTHSCH I L can regu-
late the weather and the crops?—fur nations, it seems, sink be- neath the weieht of his " temporary displeasure ;" and it depends mainly upon him whether a country with twelve millions of people shall or shall not be restored " to a high and proper station in the scale of nations." But let our readers form their own nion, from the perusal of the following extracts from this precious document.
" The undersigned believe that the intentions of the present Government of Spain are honest, and that justice will be done to all its creditors, for which the resources of that country are fully adequate. Under these considerations, they hope that no filling of temporary displeasure will induce you to deprive that Gorernment V the substantial advantage of your powerful financial aid; which is rendered the mote especially necessary, as it is well known that there are parties, both in Engiand and France, making strenuous efforts to depress Spanish credit, in order to negotiate a loan at a very reduced rate ; which machinations it is the wieh of the undersigned to frustrate, as their success would be alike injurious to the interests of the Spanish Goverment and to the holders of its Securities."
After stating their belief in the absolute necessity of the pecuniary affitirs of Spain being managed by the most powerful capitalists, the letter thus continues-
" We are impressed with a lively sense of the genius and power von have evinced in all your financial and loan transactions : let not then the Spanish Govern- ment lose you; valuable sown t, until, indeed, it shall have been proved to the world, be, ,uiii all hope to the contrary, that justice to its fureiba creditor is different fioni its intention,.
" The undersigned cannot also but think the Spanish Government may be in want el some practical and disiaterrsted advice at this critic:1i and important moment, in the reconetruction of its litumehtl st stern. I re rev etfidly venture the I ecommendation of yaw- becomhw that tiaitly udvi.,:r. 'Ike result, we are firmly persuaded, will prove vitally advantage ,us to Spain, prevent her whip- Con of the crude awl iiiingorinis plans of bad counsellors, awl lead her to those of wise policy and certain prosperity. It might, perhaps, apyear a strain of minecesiary, though just eulogium, were the undersigned to enlarge on the value of your experience ;nal extensive HMO'S in all the markets of Europe, and On your extraordidary talent and pectdior tact in the management of the most extensive financial operai ions : but the evidence of these truths is seen in the confidence which the public justly repose in them, and in your ability and dispo- silica' to support the concerns in whi..11 you embark ; all which important qualities the undersigned considering to be essential to the reestablishment of Spanish credit, hOW anxiously desire to see exercised in its behalf, and are con- fideat that they would greatly contribute to restore Spain to a high and pro- p; station in the scale V 'wawa."
What makes the absurdity of the fawning epistle more rich, is the notorious fact, that this wonderful person is excessively eager to become the banker of the Spanish Government, and would fain lie jobbing in Spanish loans, but that TORE NO is shy of Mr. ROTHSCH I Liris assistance on his own tern's. The Times on Friday had the following paragraph, which puts this :inir in its real light.
" A regnisition to a great rapitalist, to interest himself in Spanish financial matters, Las caused much amusement to-day in the City, whyre it is perfectly well known that this has been the subject of his own most earnest wish for a long time past, and that, to secure himself a preference in it over other capitalists, he made advances to the Spanish Guru rnment to the amount of tim000t. sterling not more Man three months ago If he has since been removed from that position by more practised intriguers at Madrid, it is not his fault ; but having shown all possible good-will already to the work in question, of what use can the requisition be ? The answer to it, if one should be made, will be- exceedingly curious."
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