The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-12-23
our YLlpsssIsN CORRESPONDENCE.

VALPARAISO, Chile, Nov. IL, 1865.
Nothing has transplred since my letter Of the 10th
fAst respecting peace through English and French
ason The whole subjec. 10 have passed out Of
the public mind and Is only referred 10 visionary
scheme TO be entered into by Chile. We can only
what will be the result. Judging from the latest
European intelligence, spain had given up the idea Of
renewing the without further negotiations and
delaying her feet IN the Atlantic with the hope that Ill
amicabe adjustment Of the difficulties might be made by
fhs medls,ng Powers when she hcafs Of the decided
sand taken by the allied republics 1t may be deemed
Goa late in the FOR sending hostile squadron to
ass coast and this period Of uncertainty be pro.racted
Indefinitely, while Spain eisurcy prepares her grand
Sect for operations hero year. During tho last
week there have been many rumors in crcula
Non 70 the effect that the Peruvian squadron
ard possibly q portion or the Chile squadron
WAS preparing for cruise through the Straits Of
Magellan and up the Atlantic coast in search OF Spanish
ehipA There has been considerable activity among the
vessels and all Of them arc hunyng supplies on board
But the probabilities are that nothing is contcm.
plated than cruise in the Pacific chiefly the purpose
81 exercising and dsciplinng the men. The squadron
n goes nj all, will not leave very soon 40 nearly all Of
sne vessels are undergoing repairs cannot be ready
for sea Immediately The Cyclone recently pufch SD
m England has just arrived here viii be added 10
cons aud was built expressly for Confederate prys,ecr
shs fine ship POSSESSES great speed and, though not
adapted for a man-of. var be maze serviceable
vessel by arrning her with heavy guns
IlcH oRDSAscE
a the principal difficulty Chile has TO contend with.
when the war commenced she had nothing but old
thirty FOUNDER number OF those have been rted
81 the government foundry at Limache. and great
M. few OF the latter have YET arrived Chile now has
sxty r1ed old thirytwos and twenty three Parrot guns
Of from sixty two hundred pounds The ship 1ccunseh
m expected here in about ak weeks with sixty English
guns including several heavy Blakeeys, rom Boston.
and the bark Fanny, OF New London with eighteen
Parot guns Of them three hundred FOUNDERS, Is
forty days overdue. II IS feared that the Fanny has
eesn lost the ice on Cape Horn though she may have
Dut into port In distress, and may como out all
right eventually. Valparaiso WIN soon have gum.
enough for her protection and the next six months viii
probably suce % put Chile on very respectable war
Footing
THE LATE orrosriov 10 rur GOVERNMENT.
The Congressional debates upon the resolution OF
snre against the Cabinet ministers have not produced
shc results that might have been expected had the dis
cussion been made public and have had visible infu
snce on the policy OF tho goyemment u was reported
shat shs deputies who supported the resolution were pre-
pairing msnosio 70 the people setiins forth the vari
sns charges asust the Cabinet IN connection with the
Sonduct OF tho war but as yet no such document has
appeared Possibly the whole subject may ba dropped
so. though !, = more than likely that The opposition
rnew the attack upon ,he administration
&c. rISlsuAL AunS
The following statement, taken from ssmi.ofnciAl
Sesrnal in Santiago exhibits the circumstance OF the
leSrnal Dob, b.for. the ssol7 Gs
lssssss - .he Internal debt .s7sO2oss
kse p itss $3.50 90
- iw he ei.scan, II 100 IA
Do iof me 6aroo railway ..s............... issOS
.s s1S q y ,.,Sss ~. 40 + - 8