PHILIP, KING OF SPAIN, ABDICATES THE THRONE.

In the beginning of this year, Philip king of Spain, retiring with his queen to the monastery of St. Ildefonso, sent the marquis of Grimaldi, his principal secretary of state, to his son Louis prince of Asturias, with a solemn renunciation of the crown, and a letter of advice in which he exhorted him to cultivate the Blessed Virgin with the warmest devotion, and put himself and his kingdoms under her protection. The renunciation was published through the whole monarchy of Spain; and the council of Castile resolved, That Louis might assume the reins of government without assembling the Cortez. The English minister at Paris was instructed to interpose in behalf of the French protestants, against whom a severe edict had been lately published; but his remonstrances produced no effect. England, in the meantime, was quite barren of such events as deserve a place in history. The government was now firmly established on the neck of opposition; and commerce flourished even under the load of grievous impositions.