=El Liberal.=--This paper has by far the largest circulation of any in Spain. Its political news is edited in Madrid, and telegraphed thence twice daily, for the morning and evening editions, to branch offices at Bilbao, Murcia, Barcelona, and Seville, where the local notes and news are added. Although conducted on Liberal-Monarchical lines, it is tinged with democratic feeling. The Reactionists profess to consider it a dangerous enemy to religion, and label its readers atheists and anarchists. It is universally popular with the working classes. =El Heraldo de Madrid.=--Edited and published in the capital on Radical-Monarchical lines. On sale all over the country, but with a comparatively small circulation among the working men outside of Madrid. =El Imparcial.=--Edited on Liberal-Monarchical lines in the interest of the working classes, with full reports and articles on public works of every description, trades unions, schemes for social and industrial reform, &c. It is on sale everywhere, and probably has the largest circulation of any Madrid paper among the working classes in the provinces, but does not come near _El Liberal_ in popularity. The literary style of the writers employed by the _Sociedad Editorial_ is cultivated and refined, the flying of political kites is discouraged, and personal abuse of opponents in politics finds no favour with the directors. The Society is abusively called a “Trust” by the Opposition, and reactionary journals daily publish headlines proclaiming that they do not belong to the “Trust.” As a matter of fact the _Sociedad_ is an ordinary limited liability company, well managed, and paying a good dividend, and partaking in no respect of the evils of the Trust system. LIBERAL DEMOCRATIC GROUP =Canalejas.=--Was a Republican, but maintained his independence, although adhering to Sagasta’s party, by proclaiming himself chief of a group of progressive Liberals with Republican sympathies. The main plank in his programme has always been a direct attack upon the Church and Religious Orders. His policy is supported by the _Diario Universal_, but it has a small sale and is hardly known by working men outside of Madrid. THE REPUBLICAN PARTY The three most distinguished men in this party--=Melquiades Alvarez=, =Blasco Ibañez= and =Rodrigo Soriano=,--are all celebrated for their literary and oratorical gifts, and enjoy the respect and confidence of the veteran Liberal leaders, Moret and Montero Rios. Their policy may be described as Republican in idea, but democratically Monarchical in practice, and their demands for vigorous measures of reform have materially strengthened the hands of the Liberal-Monarchists.