It is announced that the Chilian Fleet has captured the
Peruvian ironclad Huascar,' and added in cipher telegrams to private individuals that the entire Peruvian Fleet has been swept off the seas. The private telegrams may be exaggerations, for stock-jobbing purposes, but the capture of the Huascar ' has been confirmed. Except to South-American bondholders, the only interest of the affair to Europeans con- sists in the method of capture, about which nothing has been said. There is a slight, feeling in England in favour of Chili, because she has paid her bonds regularly, because she is small,. and because she remains a European State, being peopled by Spaniards, and not by half-castes; but the facts of the quarrel are too little understood, for any keenness of sympathy. As we understand them, the Chilians are in the right ; but the actual cause of war is, probably, not the source of the inter- national hatred between the two States.
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