The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1870-11-25

The Presidential Campnign-A Lively Time
Expec,cd-probahe Choice Of the Oppose
on-COBgress-Natisnni Wealth of Chile
Mining Interests.
VALPARAISO, Oct. II, 1870.
There is absolutely nothing OF interest to chronicle
since the departure OF the last steamer from Panama
Political excitement Is entirely confined TO the pro-
vinciaI districts, the capital Valparaiso appar.
emily outstanding their strength and resources until
the work OF the campaign becomes necessary The
coalition OF the different branches OF the opposition
party already noted, seems to cause the government
supporters vast amount Of uneasness the power
OF the combination being such as to promise very
fairly for success. stu no candidates have yet
been formally announced, although it Is probable
that Mr.. ErraznrrH win receive the favor of the
opposition. Certain 1t is that the administration
Will not interfere IN the coming elections and
instead OF Influencing votes by force Of arms Will
preserve an attitude OF strict lmpariiality.
Congress Is busily engaged in discussing matters
u purely 10 al Importance and Interest. The dis.
cussion of the estimates made for the expenses OF
the government Is now engrossing the attention OF
The two houses. AS soon as this subject Is disposed
OF the Senate and Chamber OF Deputies viii take up
the question OF reforming the constitutional labor
for which this Congress was specially convened.
For the action on this highly important tier the
entire republic is held In expectation especially
suose cluIeus WHOSE llgnb OF FRANCHISE Dy the
stituilon now existing have been vaguely defined.
Foreigners here regard this question with much in
terest, as 1t will establish the time and conditions
necessary to naturalize and the benefits TO be de-
rived iron such step. 1t IS hoped that before The
end VI Tie year the new constitution viii be pro.
claimed ana that under It's provisions the country
may be made even more attractive 10 foreign CAPT.
tai and industry.
The Minister OF Finance has presented very in.
terestng report. from which may be gathered some
lacts that prove the advance oi commercial trans.
actions IN Chile. Copper and silver, always chief
articles OF export from this country, were shnped
IN ls69 10 the value or $l5oou.0C0, an excess over
1868 81 nearly tour millions. Flour ana grain were
aao exported in large quantities. the amount being
over four millions OF dollars, and the total OF home
products exported Is ore than thlrty.One millions
the imports rising thirty i've millions Of hard
relative 70 the ccastng trade OF the republic, It's
value N issa amounting 70 $40 900 or seventeen
number OF vessels employed Ia this traaic being
nearly hye hundred, With an aggregate tonnage
these figures the Minister builds up pleasing hopes
for the future. me extraordinary mineral wealth
o! the new discoveries al CaTacces In Bolivia is at
tracing very general attention here Large mum.
bers Of miners are leaving the northern towns for
the FL Dorado and company formed In Santiago TO
work come OF the mines mas its shares already
quoted at 100 per cent premium. There can be no
doubt Of the great richness Of the ore specimens
having been assayed 81 expert chemists re, and
The favorable locality Of the mines, being close
~ Inc coast With good facilities for enbarkation,
.a,Ssr adainons profit % the undertaking T. is
interests, since the exodus from Caldcra and
sopiapo y such as TO almost paralyze the working
Vi ,ue extensive mines III operation In those pro-
vlnces, ana the damage suffered by the capitalists
seresieu IN ,Eese enterprises Is already consider
Eoie. Mest o. the new mines have been appropriated
BY Chileans according to Bolivian laws On tic sub
ject. - ~ wv
some little increase Of activity is noticed in cur
markets, but the depressing edecs OF ths war news
rom Europe Is Sun very apparent. Buyers are de-
cidedly In request. -
The money market has been increasing IN str,n
Ecncy for The past week. and we may exDect no i'm.
provement until some more definite ncWs il 10.
eeived c0ncerping the great event Of the day The