The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-08-18

THE PARACUAYAN WAR.
The Argentines Tired and Anx-
ious for Peace.
RumOred Offer OF Mediation
by Napoleon.
MINISTERIAL CRISIS AT RIO JANelR0.
FINANCIAL PANIC At M0NTEviDE0.
THE BELLICERENTS In STATU QUO.
Heavy 3ombardment Of the Al
lied Camp.
-~,>~--~,~~~->-~->-,->
BATTLE EXPECTED SOON Ar nuMAIlA.
Lopez Using Fire Boats Against
the Allied Fleet.
&c. he. &c.
Heavy 3ombardment Of the Al
lied Camp.
BATTLE EXPECTED SOON Ar nuMAIVA,
OUR svsHos AYES CORRESPONDENCE.
BUrsos AYREs, June &c, 1868.


PEACE
Tue Aigentnes are becoming dishcartened and anxou
for peace During tho last two weeks the great topi
here has bcen not how 10 provide for prosecuting Thu
war, but how to bring about peace. In Uruguay apt
Brazil similar feeling is gaining ground, may b,
Judged from the following extract which take from
'Aontevideo correspondent writing to our city
We have been crying out for peace here. In Rio thu
whole community camors for the same The grea
bulk OF your polite ans INSIST. am told the wal
he war ns IN Bue eees ay AVA, 50 ha
sny man who talks about peace Is re-
snrds ed. as a parsEuayan spy Can this be possible
spies Is every man. woman and CHILD in Montevidc0
aParasuayan spyf Tell your politicians look out for
the next news from Rio, FOR Is quite thai
the Ministry have ben turned Of Office by u. unan
nous vote Of The teo,!c, and peace Ministry I. e.
Psrasuayan spies, installed could tell you much
s no.e about this peace business, but ] believe II il
oeucr 10 let events take their course.
Although not strictly true. still the latter part OF the
correspondents remarks tho Ministry have some
foundation; for the Ministry in Rio Janciro wore de-
feated 10 vote and have demanded fusion Of both
houses Whether any great changes will take place
among the cnef officers OF state Is question Of week
Ortwo
NaPoLEcs's meDiArroy
- Runors are rife horeaboits TO tho effect that Tho
bmperor OF France has offer lis mediation in the Para
guayan war but It h dsabfn whether the ALLIES will
listen 10 any Propositions until they have tried their
chance. ~ another battle, VII Oh they on6eavorng
render dccisvo in their favor However Il Is certain
that Napoleon Ill keeps ~yc affairs here CAPTAIN
dapradss OF the French army has lately arrived under
orders Of HE government TO follow closely the allies aud
report the state Of things and the progress or tho
war He has reached headquarters aud has been warmly
welcomed BY the Commander in -Chlc, There has
been
FINANCIAL EoSrxvrDso,
caused IL Is believed BY the heavy failures thai took
place In Europe especially in England. Tho tho
banks terrible from the Ilh until the goth June
Ono bank slone-the nans-pad over It's counter
about $500, 900. II is unquestionablo in my
nina that the slow progress made in the
against Paraguay has had something do with this
money panic which has almos simultaneously affected
RIO Janeiro and Montevdro. On the Of the Mon
t-vdean crisis gold began to rise here, until reached
four and half per cont within week
The suspension Is authorized by government, decree
for SIX months from juno 20 give you few I'M
portau extracts from tho decree. They follows
Arr 2 The banks are bound 10 retain in their
tee Of their respective eni.sos and u,maic
Of same, and for thus purpose the Bank
Arr 8 While tho present decree holds good the Bank
Inspectors shall take cars no accouns TO allow tho
smssion Of new notes for regulation ovcr three times
the amount OF specie reserve and such banks ~ may
have obliged 70 exceed this proportion shall
down TO said limit ~ possible.
So you see, hontevideo like Ourselves and The
RIO people, win be flooded with paper money. Tho
nsrohanis OF Eontsvideo held meeting 70 urge the
government 70 force such banks would take advantage
Of tho decrse to deposit securities Of the foreign
Cegst ons equal In marketable value 10 tho bills which
they may pu, In circulation But
niE oovEasnnSr vxsPRD sPstIK EymRr
movement when sting the decree, and win not likely
scccdo to tho request Of this merchants general
meeting Of The merchants OF ths city was also held TO
adopt measures In aid OF The mercantile movement ~
Monsevidoo.
since June Is ihsre has been
RATTLE
In Paraguay bu, vavous steps have been taken by both
parties 70 bring the var 70 an end,
Tho allied feet 10 anchored beiJw pot Curursii-a
place enormously reported as being dismrntisd
aud has sheiied that fort buL al 30 great distance that
done Tho nee, csnno, pass up ss 80 many obsiracons
have been placed In the river that no boats can APP
oscs .,d sopr fem n sueh order and NUMBERS 70
mako small catsra, over which the water dases con-
ssn.y Il said also that tho river Is foil Of torpcdoes
but mono have yet been found. The fort Curupaifi 70
well fortified, and u contains large gnrrison.
In various paris Of Paraguay President, Lorez has
oaacsrs Admiral Tsmandare li,raziiianl is preparing
quay river, on an island. They bull, Of American
On Juno u the Paragraphs made
nor SINGULAR ATTACK
the allies. and poured scrcs 81 siN'y eight and
.cs hundred and YEN pound shot right INTO ,he, esmp
s.r Lns .hSy opened 10 iai range on The an ed tents
~ nrst the 0rng ltlo Wild, but they soon found
Me range and In The course Of the day three tnoussnd
bells fell IN and the defenoelcss men They had
SSAs q csibrc and range answer Tent, and barsse
ssped The casualties are estimated At one hundred
among the allies; but the most important and alarming
position apd strength Of the armies u shows THAI
Us PsrAgasynas have the longest suns thss the allies
present location q The allied army must BE- changed
sshsr BY falling bseh or making an onset and rskns oil
"a . Close engagement
eey thres easvss Rom The army su. sesy are s.psra,
tsd By fearful swssps and Jsnxs. .so1y brush and
Ne army bat e reed % bard 10 wavss and infsst
= vi,h PEssusyss troops THAI The proximity Of tho
fss s~amss srsssS the allied camp ssrvs oSAsr pur
Hcsss thaa thoss o. dsfsncs few days $50 Gsssssl
Sss:s ss q. sss.y, ana On sssa'siss bed % s,oss
swamp w6 he isSsl sovsss, every one cf which stuck
camp easryins sasir saddles on ,bsir bssks ssd the
whole deiachmsnt ~ In pitful plight Ibenha
among the psop,s 4 shs duTsson and css q The war
Il has become serious question vhsi c:urss should BE-
1uns.d IN order 70 bring 4 70 esoss Aysnsisss gen.
means THAI ne pssy's heartily srsa q The va.
Vsas .umbsn The ashs q sAsn. ssussd almost daily
lhrcugh the slrssts vssy diass.rsnns let % -
sas s. =, .as:s r re-: ss =. vs sscs =.
.: .;; s,ss =; = 'cs: y, +; q ~. =: %s!: s
siss sSs prc,ines 4 y sssi = O. hisI sisy 60 al
j v,ss q hessss s.ss e. - !. e -. :. a..
.s. :Sss. me- ne =: = = =. - is =,
.:s .a .s :.s ss ssss +. -s ~: = :
us8 there are psgsGsayss ssasss2 a. ~ Inps1s
z y ~ =. :: =. '::: :.;l. ~ :: 500 =. '
sg.os AM. June =. ,sss
vrss . wvvssssss se-1ay - ssssss1 v c's ye'