When the Madrid government has performed its promise, so often repeated during the last six months, of extinguishing the Carlists and restoring peace to Spain, we hope those ill-treated gentlemen in the city of London, who, from time to time, draw up a respectful representation to General Narvaez on the subject of Spanish debts--a representation which that officer blandly receives, and takes an early opportunity of forgetting--will pluck up courage and sternly urge the Duke of Valencia and the finance minister of the day to apply to the liquidation of Spanish bondholders' claims a part, at least, of the resources now expended on military operations. Forty-five millions of reals, about half-a-million of pounds sterling, are now, we are credibly informed, the monthly expenditure of the war department of Spain. That this is squeezed out of the country, by some means or other, is manifest, since nobody now lends money to Spain. A very large part of this very considerable sum being expended in Catalonia, goes into the pockets of the inhabitants of that province, who pay it over to the Carlists in the shape of contributions, and still make a profit by the transaction--so that they are in no hurry to finish the war; and Catalonia presents at this moment the singular spectacle of two contending armies paid out of the same military chest. But Spain is the country of anomalies; and nothing in the conduct of Spaniards will ever surprise us, until we find them, by some extraordinary chance, conducting their affairs according to the rules of common sense and the dictates of ordinary prudence. _Printed by William Blackwood and Sons, Edinburgh._ * * * * * Transcriber's note: Minor typographical errors have been corrected without note. Irregularities and inconsistencies in the text have been retained as printed. Mismatched quotes are not fixed if it's not sufficiently clear where the missing quote should be placed. The cover for the eBook version of this book was created by the transcriber and is placed in the public domain. End of the Project Gutenberg EBook of Blackwood's Edinburgh Magazine, Vol. 65, No. 400, February, 1849, by Various