This week the centre of disturbance at the Plate has
shifted from Buenos Ayres to Monte Video. On Saturday last, the correspondent of the Times who has done so much to put the Argentine crisis before the public in its true light, crossed the estuary to the capital of Uruguay, in order to learn the exact nature of the situation in that Republic. The telegram giving the result of his inquiries, which ap- peared in Wednesday's Times, was of an alarmist character. Things political and financial were described as "exceed- ingly strained," and "a storm similar to that in Argen- tina" was declared as likely "to burst at any moment." Persons in England conversant, or professing to be conversant, with TJruguayan affairs, have pronounced this to be far too pessimistic a view, and as yet nothing has happened to justify the predictions of revolution. It cannot, however, be doubted that, in spite of the boasted hard money of the Banda Oriental, the situation is most serious. According to the Times' correspondent, President Senor Herrera is unpopular both with the military and the people, there is a mercantile and a currency crisis, and the National Bank, the bad condition of which was rigidly con- cealed till within ten or twelve days ago, is on the eve of a collapse. At the same time, business is declared to be sound at bottom, and all that is required is an upright and capable Golrernment. What will be the outcome of the situation in Monte Video, it is impossible to say ; but, meantime, affairs in the Argentine Republic are evidently settling down.
