The New York herald., 1868-04-02
PERU.
SPECIAL CORRESPONDENCE OF THE HERALD.


SPECIAL CORRESPONDENCE OF THE HERALD.
Progress of the Observation-Disclosures Rcvoiu-
tion an Favor Of PradO-YeIl0w Fever.
LIMA, March IL, 1868.
The excitement attending the election campaign
still continues, and throughout the whole republic
thoprobabties of success of the different candidates
is the only subject Of general discussion. Up to a
fortnight ago supposed that Colonel Balta the
hero OF the last revolution, would meet with no very
serious opposition In his struggle for the Presidential
chair, and 1t universally admitted that he would
prove to be very acceptable chief magistrate. But
the current Of popular feeling has, In great measure
changed. BY some means it leaked out that Balta was
not wholly In favor Of the proposed reduction of the
military and naval forces, and this fact lost
him portion Of the support and popularity
which he had enjoyed. Moreover, large
and influential part of the population Of Lima
declared themselves decidedly against the election
Of any military man as President, affrming their
conviction that the country was fast being plunged
into irremediable ruin by the extravaganza of the
army and acting upon these convictions the persons
referred to nominated their candidate Dr. Manuel
T. Ureta, the Attorney General during the admins
tration Of Prado. This nomination has met with
great deal Of appreciation and every day increases
its chances for success. The feeling between the
northern and southern portions OF Peru is one Of
strong jealousy and the Interests of these
".
military clement but also is the favorite Of the North
being native Of that portion OF the republic, while
the somewhat noted city OF Arequpa, and, conse-
quently counts somewhat upon the support OF the
voters Of the SOUTH Election clubs are being
formed, and are actively working all over the
country, and the opposition OF Ureta to Balta pro-
misses to become serious. To show the want of
principle which existed in the late revolution, 1t Is
merely necessary to allude to the fact that the
who foremost in plotting and erecting the
downfall OF Prado are now eager for the election OF
ma M cll af ofv
of tine unucky dictator. TO UreTa almost all Of the
dictatorial acts may be traced, and being man OF
very considerable ability he welded an immense
power in Prado's cabinet. Should he be elected 1t Is
more than probable that Balta will seize the op-
portunty-and opportunities are never wanting In
Peru-to begin d revolution against his fortunate
opponent az it is the Ureta policy TO do away with
the army OF which Bata Is the recognized represen-
tative. Nevertheless Prado, in his voluntary exile,
still can count upon the support Of q party in Peru
composed OF the most respec.anie and wealtniest t
and upright was his management OF public affairs,
and although not gifted with talent nor great capacity,
still his good intentions we're always acknowledged.
On the 5th inst conspiracy formed by the old OFF,
OF Prado's army and several prominent citizens
was on the point of breaking ont. Two Of the bat
taiions which fought at Areqnpa were cautiously
sounded and discovered TO be ready TO struggle for
their OLD leader. Money was promised in abundance
and the government had information that for some
cause other the conquered party were recovering
from their depression Stll the government, secure
In Its strength suspected nothing. The night Of the
5th arrived and the President and Minister OF War
set out their customary visit the di1erent bar
were codly received, but their suspicious not
awakened. However, while the President was en-
tced that Colonel Elias Suarez, Frado's right hand
man, was holding "a confidential conversation with
the officers of the regiment in an inner room. lie i'm
mcdately communicated this extraordinary fact to
the President who mounted and made his way as
rapidly possible to the palace Here orders were
given for che immediate arrest sof Colonel Sua-
rez and all OF his class who considered
dangerous TWO hours before the plan OF revolution
was TO have been consummated the leaders were in
[
would have been successful but many doubt that
Prado would return so quickly to his ungratefnl
country. Admiral MOntero escaped arrest by taking
refuge in the British legation and sailed for Chill the
following day to escape persecution, as he remarks
| quipa friends to declare himself Dictator for two
years. and thus TO keep the country from the rule OF
the northern candidate, Balta but he has stead
fasily refused. lie is not man of SUFFICIENT nerve
for such an undertaking. IL IL very clear that the
a on Is @ @sr9g s opposed e ns Sas eee9 o
conlict IL now apprenended. Great numbers OF the
| Arequipans who came to Lima with the con9uering
army are returning to their homes and ali carry
rides and revolvers given to them by the authorities.
| Arequipa no doubt, will rise In revolt II Bata be
the chosen President or at least very determined
attempt will be made in that direction. The govern
ment lavor for President General Buendla, but as
this officer is perecty aware that he could not hold
the position more than fortnight he is naturally
very diildent In accepting the nomination.. AT all
events the political situation is most unpromisng.
Alter vast amount Of difficulty and begging the
government OF General Causeco has succeeded In OBJ
laining that most desirable form OF assistance, q
/ loan. The Minister OF the Treasury, after having
he'd many interviews with some Of the guano con.
signers induced them to advance TO the government
lie SUN oi Sl2,000,000. The companies engaged IN
! exporting guano to France, England and spain en-
tered into the arrangement and as VIII be seen py
every doar aayapned very ysss,ye Iortysx pence
sterling. The ordinary rate OF exchange ranges rom
thirtyslx to thirty.eigh They receive one-nali pei
cent lor drawing and five per cent interest," As guar.
antee they have The large amount OF gnano In store
IN the different countries mentioned and care otancht
20 export as much more as may neet Witn ,nelr ne
Cessites desires. This speculation IL considered