23 MAY 1868, Page 2

The American papers report that Don Pedro, Emperor of Brazil,

has announced his intention of resigning the throne. The report requires much confirmation, but it seems certain that the Emperor, is sorely tried. The war, with Paraguay is wearing out his empire,

and seems by the latest accounts to have only just begun. So far from Lopez having been defeated, he has carried away his army in perfect safety, and has encamped it in a new fortified position. Curupaity was found to have been evacuated months before, the guns being mere shams. The river has fallen so low that the iron- clads which ascended it to Assumption cannot return, the Iliverine States are becoming discontented, and altogether the Brazilian War Office looks on the prospect with dismay.