The Sun.
London, England, 1861-12-16 00:00:00

THE PACIFIC.

Advices from Panama have been received to the
23d ult., bringing news from Valparaiso to the 3d,
Callao the 14th, and Paita the 17th.
From Chili the news is favourable to the pros-
perity of the country, and great good was expected
from the present Administration. Confidence was
again reappearing in commercial circles, and,
although the crisis was not yet entirely past, yet
credit was becoming re-established throughout the
country. Congress had adjourned.
The establishment of the steamship line between
the Atlantic and Pacific through the Straits of
Magellan was urgently demanded, and looked for-
ward to with the greatest interest. The Govern.
ment was likely to accede to the subvention asked
for this object by Mr. Petrie, agent to the Pacific
Steam Navigation Company. The subvention to
this company for their line from Valparaiso to An-
cud had been renewed, but at a diminished rate of
40,000 dols. instead of 50,000 dols, annually.
Congress had empowered the Government to in-
vest 50,000 dols. in erecting forts on the Arauco
frontier and cultivating the lands in that region
now made waste by Indian depredations.

From Peru it is stated that the elections had gone
in favour of San Ramon. There appeared a prospect
of a pacific arrangement of the question pending
with Bolivia. The preparations for a war against
Ecuador were still being carried on. President
Castilla, it was said, was furnishing money and men
to Urbina and Franco to go against Flores and
Moreno. The Peruvian Treasury was reported as being
in a bad way. Castilla had recently tried to raise
20,000,000 dols. in England, but so far had failed.
Mar would probably be the next President. He
was said to be a good, honest, patriotic man. Gen.
Miller died on the Ist ult., deeply regretted. lie
was interred with all military honours.
The frigate Amazones had arrived at Callao with
her boiler burst.

The Arica had returned to Callao, having landed
General Echenique, and Colonels Elespuru and
Rivas, and Senor Larranasa on the coast of Chili.
It was believed, however, that Echenique had re-
turned to Peru, and that an attempt would be made
to push him forward again for the Presidency.
From Bolivia there are very deplorable accounts.
The Commander-General of La Paz, Col. Yanez,
had brutally ordered to be executed some 220 per-
sons engaged in the recent revolutionary movement.
There were shot, in accordance with his order, in
the gaol, Generals Cordova, ex-President of Bolivia,
and Hermosa; the priests Tejada, Larriva, Borjas,
&c., Colonels Espejo, Silva, Larriva, Mendizabal,
and many other persons of distinction. In the
street there were 200 others executed. General
Belzu remained in Paucarpata.
The import market in Valparaiso is reported as
very dull, owing to the entire absence of purchasers.
Copper had obtained an advance, and there was
little bar copper on hand. Money was very scarce,
and likely to become more so, owing to its with-
drawal from the mining districts. A good demand for
shipping had again been manifested, in consequence
of which an advance on previous rates had been
obtained. Tho British bark Bernard had been
chartered provisionally to arrive at Caldera by the
30th of November at 82s. 6d., and the Pizarro, at
Huasco, by the 15th of November, at 855., both for
ores for Swansea.