24 JANUARY 1874, Page 2

The only news from Ashantee is that the army is

collecting on the Prah. There is a rumour, however, that the King has offered peace and a "vast indemnity," but it is unconfirmed, and even if trae ought not to be accepted. The King cares little about his gold, and nothing will convince the tribes of the Coast that we are irresistible except the capture of Coomassie, and the transfer of the throne to - other hands. We have still to find out what has become of the Europeans in the King's hands, and whether it is not necessary to try him as a common buccaneer, carrying off our people without formal declaration of war.