26 AUGUST 1865, Page 2

The news received this week from the Parana justifies the

view we have taken of the comparative strength of Paraguay. Urquiza, the President of Entre Rios, has deserted the Argentines, the Brazilian army in Rio Grande is full of sickness, and Lopez, be- sides possessing himself ef the Missiones, has secured his road into the Brazilian province. Should he defeat the Emperor in person the war may terminate in an unexpected supremacy for the man who though, as Mr. Christie says, a despot, has succeeded in organizing an obedient nation till his whole people has become an army. The moment that result is accomplished Europe will doubtless interfere, under plea of keeping the Parana free, and throw back once more the only native civilization developed in South America since- the conquistadores annihilated that of Peru.