Democratic Sentinel, Volume 1, Number 24, Rensselaer, Jasper County, 27 July 1877 — Spanish Finances. [ARTICLE]

Spanish Finances.

The Spanish Government’s reputation is now so bad that it can only borrow money on security. The Semaine Fi-

nanciere recites the measure by which money was obtained to pay the coupon due on the new Spanish 2 per cent. debt. The Banque de Paris, representing a syndicate, advanced $2,100,000 on an assignment of the ’ stamp duties. The Government in this way will repay $340,000 a month, and extinguish tlie debt in seven months.