The new Revolution in Brazil has produced some beneficial results.
The new head of the Government, General Peixoto, is not a Dictator, but has summoned back the expelled Con- gress, which was legally elected, and has chosen the civil members of his ad interim Ministry from among Senators and Deputies. As soon as the Members are assembled, the whole country will elect a President. General Peixoto has, moreover, released all the Telegraph Companies from the censorship, as if he had nothing to conceal, and the revolted Province of Rio Grande do Sul has, according to many authorities, disbanded its troops and adhered to the new Government. Brazilian securities have, in consequence, risen fifteen points, and the rate of exchange is rapidly improving, showing a restoration of confidence in the mercantile classes. On the other hand, the Revolution has been effected by a mutiny. Lisbon corre- spondents—no doubt of a Monarchical bias—describe General Peixoto as singularly treacherous, and the latest telegrams state that the Navy and Army are already quarrelling. The former, there is some reason to believe, has remained Monarchical in spirit.
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