The New York herald., 1878-08-18
SOUTH AND CENTRAL AMERICA.
PANAMA QUIEr-EcUADoR READY FOB KLyo-
LUrIoN-ESD OF SPECIE PAYMENTS IN !

PANAMA QUIET--EcUADoR READY FOR KLvo-
LUrIoN-ESD OF SPECIE PAYMENTS IN
cHrLI-ExcIrEMENr IN BUSINESS CIRCLES
PANAMA, August 7, 1878.
rho fears OF revolution which agitated the public
mind for month happily ailayed by
tho declaration OF the State government that there
of quarrel between II ana tho general
government, from which the principal danger was
apprehcnded, and that the State government was
abur rdanty able to maintain isef against local polt-
ical copspirac,es. Panama is therefore quiet anu
business Is going on hhrmoniousiy as before.
ECUADoR.
A revolutionary movement has begun IN the prov
ince OF Pasto vcintem nia, tho Prcsideut has lost
all claim on the liberal party and the leaders OF that
faction are determined to oust him. The present
movement, It Is expected, VIII become general.
PERU.
Congress has entered FULLY upon It's lnbors. The
government Ands itself completely al the mercy OF
the o{ pOsion composed Of the Civiista and Pieroa
pares The leaders OF those parties assert that they
will staud In The Of legislation Tor good pur
poses or executive sets sendeg to tnc same end The
position OF The eovernment Is embarrassing, and tho
tima fear that the President may try TO lind short
way out or IT,
Bus:ness Is very doll Exchange Is steady at ga.
cent on account Of kilograms stating that the Chisn
banks h ID suspended specie payments.
CHILL PROBABLY
The banks Of tho couairy have suspended specie
payments. The government made a call upon them
Tor large amount needed Tor preparations
with tue rgsntiue Repubs, winch left them without
coin enough for their own Obligations, Congress
10 The assistance OF the banks and law
giving hem until August 81, 1872 10 resume the
version CT their bills II is SAID that has been de
clarcd between Cni ano the Argentine Republic, al
though tho only authority Tor the statement 10
private telegram. Tho attitude OF both parties, nc-
cording 10 last ady,ces by mail, most uncom
promising that OF the Argentncs being Particularly
aggressive II Is almost certain that they wall come
to blows. The question at issue is tho ownership OF
lew Thousand square niles OF tcrrory-some OF oil
ttas le
Indians.
COMMERCIAL CRISIS
Appre tensions OF a cvmmercia crisis In Chill seem
that Republic. Not alone ID ihe crisis To be appre-
hended 10 Chii. but tho coast partcuiarIy In
Brazil. Tho Bank Of Magma oi Brazil. winch is tho
largest establishment OF the kind south Amer,c,
has taiied, with haOilkies amounting to 1900, 600
soies Our int caiigcnco IL from Buen0s Ayres
paper.
Mcssrs. R,csco Co., OF Chill have suspended, with
liabiiit1es amounting to $40S, 563
KFfECr NEWS
An extract from private letter, dated Lima, July
20, has the following important information:-
Late tho night before kilograms reached
OF specie pnymcnts 1t causes great exctemcnt here.
xchange Chill and cheeks which steady 6fty
PEE cent declined At twelve T5c
confusion In tho the
actions between this county and Chiii th la
close dniy It appears that Chiian
eminent Is In strait requiring for
with the Argenns Kepube heavy sums IN spccie, which
tine banks supplied under oppressive conditions.