“Neither a borrower nor lender be,
For loan oft loseth both itself and friend.”
Beware of Spanish stock, for in spite of official reports, documentos, and arithmetical mazes, which, intricate as an arabesque pattern, look well on paper without being intelligible; in spite of ingenious conversions, fundings of interest, coupons—some active, some passive, and other repudiatory terms and tenses, the present excepted—the thimblerig is always the same; and this is the question, since national credit depends on national good faith and surplus income, how can a country pay interest on debts, whose revenues have long been, and now are, miserably insufficient for the ordinary expenses of government? You cannot get blood from a stone; ex nihilo nihil fit.
PUBLIC DEBT.
Mr. Macgregor’s report on Spain, a truthful exposition of commercial ignorance, habitual disregard of treaties and violation of contracts, describes her public securities, past and present. Certainly they had very imposing names and titles—Juros Bonos, Vales reales, Titulos, &c.,—much more royal, grand, and poetical than our prosaic Consols; but no oaths can attach real value to dishonoured and good-for-nothing paper. According to some financiers, the public debts of Spain, previously to 1808, amounted to 83,763,966l., which have since been increased to 279,083,089l., farthings omitted, for we like to be accurate. This possibly may be exaggerated, for the government will give no information as to its own peculation and mismanagement: according to Mr. Henderson, 78,649,675l. of this debt is due to English creditors alone, and we wish they may get it, when he gets to Madrid. In the time of James I., Mr. Howell was sent there on much such an errand; and when he left it, his “pile of unredressed claims was higher than himself.” At all events, Spain is over head and ears in debt, and irremediably insolvent. And yet few countries, if we regard the fertility of her soil, her golden possessions at home and abroad, her frugal temperate population, ought to have been less embarrassed; but Heaven has granted her every blessing, except a good and honest government. It is either a bully or a craven: satisfaction in twenty-four hours à la Bresson, or a line-of-battle ship off Malaga—Cromwell’s receipt—is the only argument which these semi-Moors understand: conciliatory language is held to be weakness: you may obtain at once from their fears what never will be granted by their sense of justice.
TRAVELLING IN SPAIN.
CHAPTER V.
Travelling in Spain—Steamers—Roads, Roman, Monastic, and Royal—Modern Railways—English Speculations.
OF the many misrepresentations regarding Spain, few are more inveterate than those which refer to the dangers and difficulties that are there supposed to beset the traveller. This, the most romantic, racy, and peculiar country of Europe, may in reality be visited by sea and land, and throughout its length and breadth, with ease and safety, as all who have ever been there well know, the nonsense with which Cockney critics who never have been there scare delicate writers in albums and lady-bird tourists, to the contrary notwithstanding: the steamers are regular, the mails and diligences excellent, the roads decent, and the mules sure-footed; nay, latterly, the posadas, or inns, have been so increased, and the robbers so decreased, that some ingenuity must be evinced in getting either starved or robbed. Those, however, who are dying for new excitements, or who wish to make a picture or chapter, in short, to get up an adventure for the home-market, may manage by a great exhibition of imprudence, chattering, and a holding out luring baits, to gratify their hankering, although it would save some time, trouble, and expense to try the experiment much nearer home.
As our readers live in an island, we will commence with the sea and steamers.
STEAMERS.