6 AUGUST 1870, Page 3

A telegram has been received in London from Lisbon asserting

?that Ferdinand, the ex-King of Portugal, has accepted the Spanish Crown. No complete confirmation of this statement has yet been received, but it is believed in many quarters, and would ?be, of course, the best solution, as on the death of King Ferdinand ?both Crowns would fall to his descendant, the King of Portugal, and the Peninsula would be united. The success of an arrange- -runt which has failed so often suggests, however, that the war ihas removed some obstacle,—perhaps the fear that Napoleon -would demand compensation.