SPAIN: Gosh, You're Beautiful!''

Student riots, shouts of "Death to the King!" and much waving of big red flags by obscure persons in Madrid last week, disturbed all Spain; but if the Throne was tottering both King Alfonso and the members of his Cabinet wore in becoming Spanish fashion an air of jaunty confidence.

Biggest event of the week: speech by Don Jose Sanchez Guerra, fourtime Conservative Prime Minister, now supposed to favor proclamation of a Republic (TIME, Jan. 6).

In the orchestra of the crowded Madrid theatre which madly cheered Don Jose, sat Spain's reputed richest man, Count...

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