Madrid at which he was present,) he had actually fallen back to Segovia to gratify his resentment by seizing Valdes. Valdes would now have terminated the dispute by giving in his resignation: this it was not thought proper to accept; the validity of his election was admitted, and the other points were referred to a competent tribunal, but the course of events soon put an end to all further proceedings. ♦DECLARATION OF THE CENTRAL JUNTA.♦ The Central Junta, thus peaceably established, and unanimously recognized by the nation, began their administration with the fairest promises. They acknowledged the national debt, and took upon themselves the obligations contracted by the crown, which formed the patrimony of many families; and which they pledged themselves punctually to pay. That portion of the revenue which had formerly been swallowed up in the enormous expenses of the royal household, or engrossed by the favourite, would, they trusted, enable them to diminish the imposts laid upon the towns and villages; and great resources would be found in the property forfeited by those who had betrayed their country. The sum total of the funds arising from these sources, from the regular revenues, and from the donatives and contributions of Spain and the Indies, they promised annually to publish, with an account of its expenditure. They would simplify, as far as possible, the revenue system, gradually suppress useless offices, establish economy in all the branches of financial administration, and remove the abuses introduced into it by the old government.