A telegram was received in town on Thursday from Lisbon
announcing, on the authority of a despatch from Rio, dated March 9, that the Brazilians and their allies have passed Humaita and taken Assumption, the Paraguayan capital. Brazilian stock, accordingly, rose 2 per cent., and it is quite possible that this may be the object of the statement. Any account from Rio about this war should be received with profound distrust, but the allies were certainly at the date specified intending to attack Humaita. The loss of Assumption will not materially embarrass Lopez, who is in Humaita, and it is not improbable that he may block the river, and catch the Brazilian ironcla.ds in a trap. Uruguay, one of his enemies, seems in pleasant plight. General Flores, the President, has been assassinated. Manuel Flores, his son and chief opponent, with twenty other high officers, have "died suddenly,"—Anglice, have been poisoned. General Berro, chief of the revolution, has been assassinated, and General Battle has been elected President, probably to share their fate. It is on such a State, and on a slave- holding empire, that London speculators rely to crush Lopez and the Paraguayans, who when wounded "refuse to surrender, and have to be speared where they lie."
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