THE RIVER PLATE.

New Zealand Spectator and Cook's Strait Guardian, Volume VII, Issue 599, 30 April 1851, Page 4

THE RIVER PLATE.

' Advices, dated Beunos Ayres, the 15th slate that General Guido, who suntil lately represented that government at the 1 court of Brazil, having received his passports and quitted his posts there, had arrived in the ! River Plate. His return to Beunos Ayres being the first positive intimation which its inhabitants generally had of the rupture with Brazil, 1 gaye rise to a great sensation, and serious apprehensions on the part of the native as Well as foreign merchants. Several large failures had taken place, and the prospectof an immediate war had caused a panic in the : money market. The value of ounces rose at on,ce to 28 dollars each. This sudden advance, which was likely to continue, ! had occasioned the disappearance of a leading speculator in exchanges, and the aspect of commercial matters was extremely gloomy. 1 Tt was said to be the intention of General jrvosas to iDase the earliest movement of his forces in-the direction of'Paraguay, which he considered it important’tb disable, if possible, befdre E the actual'Struggle with Brazil should commence. The attitude which England might assume had become a matter of deep anxiety, both to the rxeciitive power and to the’foreign residents;.? It. was, well understood that Brazil was compromised, 'beyond tbe-power of retraction, to enforce reparation ■ for'the damages occasioned to her subjects, by the Buenos Ayrean troops under the command of Brigadier Oribe. •> ; It was known that' Aguirf'S., a BeUnbs Ayrean agent, bad‘nearly 1 sucsSeeded in-exciting the blacks to‘rebel, and in raising the standard of revolution in Rio Grande. And it was admitted on all hands that Brazil'must either go to war with Rosas, or consent at once to lose the entire provincesof Rio -Grande and <Matto Grosso, as well as ; to see the republic of the Banda Oriental annexed by Rosas to the province of Beunos Ayres. War was, therefore,-certain. If a coup de sgaiqSt 'Paraguay could not be carried, and -the .position of General Urquiza warranted that conclusion, then the policy of ‘General Rosas would toe delay, which;‘by causing serious detriment to our’ commercial interests both in'-Brazil and- the Rivbr Plate; might callforan interference on the part of the British'Foreign office, for the sake of putting an en-d to the struggle. The general opinon* amongst-the Europeans was, thaVGreat Britain would be ’very loath to engage in another intervention in the Rive r

Plate matters, and would let the belligeren t parties fight it out as they best might. There were not wanting, however, those who expressed a confident belief that Lord Palmerston would not suffer the very important commerce between England and Brazil to be interrupted for any length of time. In such case it was be considered that the approaching struggle would speedily terminate in the absolute withdrawal of the maurauding bands which have so long infested the imperia frontier.