Continental Dispatch: Ferdinand VII discovers high price to French support

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LONDON, February 13th, 1824 — In a recent delve into the French morning and evening publications of this Tuesday, notable narratives have surfaced, shedding light on the intricacies of Franco-Spanish relations and the broader European socio-political landscape. Here’s a distilled essence of these developments, presented with the analytical precision characteristic of our times.

The Price of Absolute Dominion

The “Journal des Debats” has brought to light a significant acknowledgement by the Spanish Government of a debt to France, tallied at 34 million. This financial obligation, devoid of any security or clear repayment strategy, marks France’s compensation for its role in reinstating Ferdinand’s absolute rule in Spain. Despite the formal acknowledgment, there’s a conspicuous absence of any tangible commitment towards repayment, raising questions about the actual fruition of this debt arrangement.

As details of France’s intervention in Spain are poised for full disclosure, following the eventual publication of a troop stay convention, France’s self-proclaimed generosity in this “memorable enterprise” will be put to the test. Yet, this claim of altruism is juxtaposed against the backdrop of an intervention marred by controversy and accused of exacerbating Spain’s tribulations rather than alleviating them.

Awaiting Amnesty in Madrid

From Madrid, reports have emerged, courtesy of the Etoile, hinting at the imminent release of an amnesty decree, subject to modifications by the Council of State and the Council of Castile. This legislative move aims to judiciously categorize individuals implicated in revolutionary activities, distinguishing between the instigators and the instigated. Amidst this, voices of moderation and opposition to insurrection have been recognized, suggesting a nuanced approach to reconciliation post-revolution.

Political Maneuvering and Monarchical Solidarity

Further insights reveal an ongoing political tussle in Lisbon, with the Constitutional party reportedly orchestrating opposition against Charlotte of Bourbon. The queen’s pivotal role in quelling the party’s influence in Portugal has not gone unnoticed, sparking intrigue and contention among political circles.

Economic Pulse

The financial update from Paris reveals a fluctuation in the French funds as of February 10, with a notable mention of the Five per Cents, Bank Stock, Neapolitan Rentes, and Spanish Rentes. Additionally, exchange rates between Paris and London offer a glimpse into the economic interplay and sentiments influencing the continental and cross-channel fiscal dynamics.


This compilation from the “Continental Dispatch” offers a snapshot into the evolving political and economic narratives across Europe, marked by diplomatic entanglements, financial uncertainties, and the enduring quest for stability and reconciliation in the post-Napoleonic era.

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