The offer is rather ill timed, and I have reason to think is not very agreeable to the Courts of Versailles and Madrid, which will act with entire union on this occasion, and as long as the present King of Spain lives, it is probable, that this good understanding will continue on the whole continent, although there are some here, I believe, who would wish to see it interrupted. While it subsists Spain will not abandon our interests, though it may not support them with such good will, as they would have been induced to do by the obligations of previous engagements with the United States. It is not likely that these will soon take place, notwithstanding the appearance of good will, and repeated assurances which Mr Jay has received of his Majesty's favorable disposition. Nor will the late change of measures adopted by Congress effect this, if I am not misinformed. I have not seen these resolutions in full, nor do I know that Mr Jay has received them, but I have reason to believe, that the Court has a knowledge of them, either by intercepted letters, or by a direct communication from America. In short I repeat to the Committee, what I have taken the liberty of remarking before, that it was probably the policy of this Court to leave the adjustment of their claims to be settled at the general negotiation of a treaty of peace, and to reserve to themselves the liberty of acting then according to circumstances, unless they can previously secure in their own manner their favorite objects. This accords with the conduct they have hitherto observed, and with maxims of policy long adopted and persevered in by this Court. In the meantime, they show a decided disposition to continue the war. They expect some treasure from America. They are likely to procure eight millions of dollars on loan, and have propositions from other quarters. The taxes have been augmented this year, the produce of the last having, as I have been told, fallen short of the expectations of the Ministry. They have thirtysix sail of the line under sailing orders at Cadiz, which fleet will probably cruise to meet the treasure ships expected, and to intercept the succors destined to Gibraltar. They have ordered a press throughout the kingdom to fill up their regiments. The ships with the treasure were to sail from Vera Cruz to the Havana the 11th of October. The Court seems apprehensive of the Emperor's intentions, and cultivates the friendship of the King of Prussia, for which purpose it is about to send a Minister to Berlin, where they have had none for many years past. This matter is not yet public, and will undoubtedly chagrin the Court of Vienna.