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the throne to which Heaven has In the month of February, ten destined her, he should be the de- persons, accused of being implifender and guardian of her august cated in conspiracies and political person.

intrigues, were executed at Barce“Far, therefore, from abandon- lona. That, at least, was the preing the cause of his beloved daugh- text, under which count d'Espagne, ter, his imperial majesty persists in the governor of the province, put his unalterable resolution to pro- them to death; although the opinion tect her, and never to come to terms generally entertained of his chawith the usurper.

racter, and the mystery with which “Whatever may be the dif- the executions took place, excited ficulties and obstacles which retard suspicions, that calculations of prithe success of the cause of honour, vate interest had a greater share justice, and legitimacy, the subjects in them than any necessity of reof her majesty must never relax in pressing actual offences. Other the glorious defence to which they accounts bore, that these persons are pledged, for the justice of the had, in truth, allowed themselves to cause ensures its triumph; and if be involved in conspiracy, but that any persons, during the struggle, these very conspiracies had been prefer an asylum in the Brazils to framed by the direction and agents that which some of the powers of of d'Espagne himself, that he might Europe have afforded them, they create an opportunity of sating his may rely, and I can assure them, vengeance. Another partial comby the express order of the em- motion arose, in the month of peror my master, that they will June, in those parts of the province find in Brazil that generous hospi- nearest to the French boundary. A tality so justly due to them, for number of Spanish exiles had taken their undeserved misfortunes and refuge in the neighbouring distheir tried fidelity to the august tricts of France; among them persons of their majesties the king general Milans, who had been an Don Pedro IV. and the queen asserter of the constitutional sysDonna Maria II.”

tem in 1823. On the 19th of June

the population of Massanet, St. The history of SPAIN does not Laurent, and some other border furnish, during the present year, villages, took up arms; general any event of importance. In the Milans had been invited to head earlier part of it, Ferdinand lost them. The revolt was said to his queen, a princess of the house have been stirred up by the

goof Saxony, the second wife whom vernor of Catalonia, for the purpose he had married ; and, by the end of entrapping the refugees in the of it, he had provided himself with a south of France. He was prethird, a princess of Naples. The pared to seize them, so soon as they king and queen of the two Sicilies should pass the frontier to join accompanied their daughter to their countrymen. General Milans, Spain, taking their way through falling into the snare, had almost the south of France ; and the mar- reached the frontier, when he was riage was celebrated at Madrid, to stopped at the village of La Roque the great dissatisfaction of the by the French authorities, and sent adherents of Ferdinand's brother, to Perpignan. His arrest, and that Don Carlos.

of several of his countrymen in Vol. LXXI.

[0]

was

similar circumstances, were be- of its privileges. This decree was lieved to have been executed in followed up by another, dated the kindness, to prevent them from 14th of April, fixing the limits of running into certain destruction. the free port, and the detail of its

To restore the commerce of regulations. While it was deSpain from the state of exhaustion, approaching to annihilation, lo • The following were the Articles of

this Decree :which a long continuance of mis

“Art. 1. In order to determine the government, and exclusion, had

demarcation and extent of the free port reduced it, Cadiz was declared of Cadiz, according to the royal decree a free port, in the hope of allur- of the 21st of February ult., it will exing back foreign trade to one of tend by land to the Cortadura of San

Fernando. its ancient and favourite haunts.

“ 2. In the bay, it will be in a direct The decree, dated 21st February, line from the Fort of Santa Catalina to permitted the entrance into that that of Matagorda, and from Fort Louis port, of vessels belonging to all

to the Cortadura of San Fernando, which friendly or allied powers, without

are the limits granted to the free port

to vational and foreign vessels trading payment of duties, or any restric

with Cadiz. tion on the disposal of cargoes. “3. As, according to the limits The government Custom-house granted, the entrance into the Cano was to be withdrawn, or removed

(river) del Trocadero is free, there will

be officers stationed to examine such into the interior, and the levy

vessels as may proceed thither from the of contributions or taxes, in lieu of free port, according to existing regulathose formerly raised by dues on tions. foreign trade, was to be intrusted "4. All vessels, whether national or to the consulate or municipality.

foreign, requiring repairs in the Cano

del Trocadero, shall be permitted so to The Spanish minister of finance, do, without any interference on the part in communicating this resolution to of the officers; and the owners, masters, the governments of friendly states, and captains, of such vessels may freely was to announce that their subjects and unmolestedly take with them the would be permitted to settle in

necessary articles for their repairs and

outfit. Cadiz, and to carry on their com- 5. Vessels of all nations in alliance mercial transactions with the same with Spain, laden with produce, goods, privileges, securities, and facilities or other effects, whether prohibited

or as natives. In case of a rupture and egress, for the purpose of trading,

not prohibited, shail bave free ingress with those governments, or an in- within the stipulated demarkation, withterdiction of intercourse between out being subject to any inward or outthem and Spain, time was to be ward charges, excepting the dues to the given to their merchants to with, Ilealth-office, anchorage, clearing the draw their property without spoc relate to the security of the port and

port, and light-house, as also such as liation or repřisals; and if it should police. subsequently be found necessary “6. No existing law, instructions, or or expedient to suppress the free regulations at present in force, touching dom thus bestowed on the port, dom, shall contravene, obstruct, or

iny revenue generally through the kingthe suppression was not to be impede the freedom of trade in the said carried into effect until it should free port of Cadiz, and within its privihave been previously announced leged limits; nor shall any of the prifor a year, in order that fo. vileges of the said free port interfere reign merchants might not be in- with, or prejudice, or impede in any

manner whatsoever, the laws, instrucjured by the sudden withdrawing tions, or regulations which at present clared that foreigners, who should it was provided that they should establish themselves in Cadiz, or be under the cognizance and juriswho might be there for commercial diction of the ordinary Spanish purposes, were to enjoy the same authorities. Any proceedings, protection and security as natives, adopted against them by those constitute the administration of the ficates that may have been forwarded, revenue of my kingdom.

stating, at the same time, those col"7. - It being necessary to remove lectors who may or may not have acknowfrom Cadiz the establishment of the ledged the receipts thereof. Customs and its dependencies, there “ 14. The certificates mentioned in ' will be established an office for cockets article 11 shall be granted in the name and certificates.

of and signed by the chief of the cocket"8. The above officers shall be sub- office, who will also seal the same with ordinate to a superior authority, in a seal bearing the inscription of 'Free conjunction with the governor of the port of Cadiz.' city, who will superintend the exact “15. All produce, goods, and effects, fulfilment of the duties and the punctual either national, colonial, or foreign, exexecution of such orders as may be given, ported from the free port of Cadiz in and the said governor is empowered to Spanish vessels, shall, upon presenting seule any differences that may arise the proper documents to the respective between them and parties interested, in collectors of the customs of my kingconformity with the royal decrees. dom, enjoy the same privileges as

"9. All captains, masters, and con- Spanish vessels, provided said goods signees of vessels arriving at the free have been imported in Spanish vessels, port of Cadiz, will present at the cocket- and that the certificates granted at the office extracts of their log-books ; also cocket-office confirm the same. the manifests, accompanied by the cer- “ 16. Goods of my royal monopoly, as tificates of the Spanish consul residing well as all prohibited by law, cannot be at the foreign ports they may arrive sent from the free port of Cadiz, to any from; and vessels arriving from the other ports of my dominions, without ports of my dominions shall produce also being subject to the existing laws and the manifests and registers.

penalties of confiscation. "10. The chief of the cocket-office “17. All produce, goods, and effects shall, without delay, give to the party of free trade, proceeding from the ports requiring the same, a certificate of of the Peninsula, or from those of the having received the manifest and other Spanish colonies, afterwards passing documents expressed in the preceding through the customs by sea or land, from article, with which the captain may pro- the free port of Cadiz, and destined for ceed to the discharge of his cargo, with the consumption of the interior, will be out any impediment.

subject only to the same duties which "11. Referring to documents ex- they would have paid, had not their port pressed in article 9, the cocket-office been free, their origin being confirmed shall grant the same, with corroborative by the certificates granted from the numbers, certificates of origin, and cocket-office. whence proceeding; which documents “ 18. All goods, produce, and effects are to accompany such goods, produce, of free trade, as well national as foreign, or other articles, that may be destined, exported direct from Cadiz to any of the by sea or land, to the customs of the ports of my dominions in America and Peninsula, adjacent islands, and other Asia, shall be subject to the duties ports of my dominions.

which they would have to pay, if des. * 12. The office of the cocket depart. patched from any other ports of the ment will, by the same post, advise the Peninsula, or at the port of their respecrespective collectors of customs of the tive destinations, or at the nearest port certificates granted, requiring an acknow- to Cadiz, as I may determine. ledgment of their receipt by return of “ 19. All goods prohibited to be expost.

ported from my kingdom to foreign “13. From the same office there will parts, are also prohibited to the free be remitted monthly, to the director. port of Cadiz. general of revenue, an account of certi. “ 20. The importation of gunpowder authorities, were to be reported to unexpected success, many of the their respective consuls, but were mercantile houses, which had estabnot to be subject to the inter- lishments on the rock, abandoned ference of the latter. The favours them for similar concerns in Cadiz, thus bestowed on Cadiz proved in and others, who retained them, jurious to the trade of Gibraltar. were compelled, by the growth of The merchants of the latter place business in Cadiz, to form estaba at first regarded it as a measure lishments there likewise. which would affect them only This solitary measure of pru. slightly, if at all; but as it gra- dence was forced upon Ferdinand dually came into operation with by the lamentable poverty of his treasury. His faithlessness in re- be converted from a redeemable gard to the bonds of the Cortes into an irredeemable capital, and had already driven him from the could not tend to produce any new English money market ; and while want of confidence in the solvency his ministers were looking every of Spain. On the faith of this where for expedients to work on decree and prospectus, the French the credulity of others, a fraud was minister of Finance, and the Syndiscovered, deliberately practised dical Chamber of the Exchange of by the Spanish government, which Paris, by an order of 27th of June bade fair to drive it from every 1826, allowed the quotation, in money market in Europe. Imme- the Cours Authentique of “ the diately after his restoration to ab- Spanish rentes perpetuelles prosolute power in 1823, Ferdinand ceeding from the conversion of the had raised a loan in Paris of royal loan of 1823." For the 16,700,000 dollars of nominal capi- quotation of the conversion of any tal, divided into 83,500 bonds of other loan there was no authority 200 dollars, or 1,000 francs each, whatever. at five per cent interest, redeem- On this footing, as all the world able annually at Madrid by twen- believed, matters had gone on. tieths. It was called, from the The rentes perpetuelles, created by name of the contractor for it, the the conversion of this loan of 1823, Guebhard loan. On the 15th of were regularly quoted ; about December, 1825, a Spanish decree 6,000,000 of francs of that loan, was issued, authorizing the con- that is, about 6,000 of its bonds, version of this loan into a rente now appeared to have been conperpetuelle. On the 12th of April verted, and the interest was regufollowing, a prospectus of the con- larly paid. But, in an official ditions of the conversion was pub- statement of the different branches lished by Burgos, the Spanish of the Spanish debt, published in agent at Paris. By that prospectus, the present year by the Spanish in order to induce bondholders to Treasury, it was unwarily let out, agree to the conversion, an offer that only 274 bonds, or 274,000 was made to them of an increase of francs had actually been converted. five per cent on the nominal capi- The Parisian bond-holders set themtal, and consequently on the inter- selves to inquire whence had come est. It was intimated that a stock- the other 5,726,000 of renles perbroker, selected by Mr. Aguado, peluclles which, it was admitted, banker in Paris, charged with the had been created ;-and the fraud conversion and sinking

and other munitions of war is prohibit the satisfaction of the parties interested ed in Cadiz: the owners and captains therein. having letters-of-marque are alone per- “ 26. All vessels clearing out at one mitted to receive a sufficient quantity port in the Peninsula, positively for for the armament and out-fit, correspond- another port of the Peninsula, are proing with existing Royal orders.

hibited from entering the free port of “21. All goods, produce, and effects, Cadiz, unless compelled by stress of permitted to be exported from other weather, which must be satisfactorily ports of my kingdom, may also be ex. proved. ported from the free port of Cadiz, the “ 27. A lazaretto of observation will same as from any other of the Peninsula, be established adjacent to the free port accompanied by a cocket or certificate of Cadiz, as soon as possible, to be of origin.

stationed in the place best adapted for “22. Goods manufactured in Cadiz it; and until the same can be completed, shall, upon importation at other ports the most active vigilance will be exerof my dominions, pay the same duties cised by the officers of the health which the raw materials they are com- department. posed of are subject to.

• 28. All prohibited books, papers, or 23. The coasting trade from the other publications, as well as prints, free port of Cadiz shall be the same as offensive to religion and morality and to from any other port of the Peninsula, as my sovereign dignity, are excluded regulated by Art. 21, without touching from importation. at any foreign port, in which case the “ 29. Foreigners established in the cargo will be considered as foreign, and free port of Cadiz, or being there for subject to duties as such.

commercial purposes, will enjoy the 24. Any vessels bound for the free same protection and security as my subport of Cadiz, and not being able to jects. : reach the same by stress of weather or “ 30. All foreigners residing in Cadiz damage, shall, in case of being obliged will be subject to the Spanish authorito put into any other port of my domi- ties, who will take cognizance of their nions where there is an established proceedings, and report the same to custom-house, and upon satisfactorily their respective consuls for their inforproving the same, be admitted hospit- mation, but not subject to their interfe. ably, and, if necessary, be permitted to discharge her cargo, depositing the “31. Foreigners, as well as Spaniards, same, properly secured, to the satisfac- in the free port of Cadiz, will be equally tion of the captain of the vessel and subject to the general contributions. collector of the customs, without being • 32. The merchants of Cadiz are subject to any duties whatsoever. allowed to trans-ship their goods, and

“ 25. After the vessel has undergone bring them alongside the quay, and the necessary repairs, she will be at carry them to their warehouses in any liberty to re-load her cargo, the captain manner they please. being only viable to the charges of said “ 33. Should experience require any hospitality; but should the vessel not alteration or modification of any of the be enabled to be safely deposited and preceding articles, or add others, the secured, it shall be liable to charges to same will be duly notified.

rence.

fund, would was instantly detected. It turned instantly put a stamp on the bonds out that there had been a Spanish redeemed, whereby they would be decrce in 1824, authorizing a loan, cancelled, and would no longer re- a decrce which had been caremain fit for circulation; and finally, fully concealed, and of any loan that, at the expiration of every six under which, nobody had ever months, the amount of redeemed heard. These six millions of rentes rentes would be made publicly had been created by contracting known. Every provision seemed a new debt under this clandestine thus to be made against the ex- decree, instead of converting the tension of the debt. It was to be royal loan of 1823, which supplied fixed, but not increased; it was to only 274,000 francs of the whole.

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