SOUTH AMERICA. [From the Sydney Morning Herald, Feb. 6.]

New Zealand Spectator and Cook's Strait Guardian, Volume IX, Issue 895, 1 March 1854, Page 4

SOUTH AMERICA. [From the Sydney Morning Herald, Feb. 6.]

We have Valparaiso papers to the 23rd of November* The local intelligence is meagre. Business was brisk. It was reported that the disputes between Peru and Bolivia must end in an appeal to arms. The Valparaiso Herald says :—: — The wires between this city and Santiago have been so disarranged for two months past as to be useless for transmission of messages. The euterprise seems to be abandoned — the stockholders decline paying any further instalments ; the reople seem to be careless with regard to its convenience, Mr. Crockett, the gentleman who constructed it, said that it would pay if the country people would let it aloae ; but that they considered itthe work of the devil, and wouid destroy the connection with a holy zeal; while others would cut down the posts for the sake of the timber. Thus the proprietors would be put to so heavy expenses to keep it in order, that it was doattiul if it would pay for many years. At

present it is cot in operation, and we see no prospect of its being worked again for some time to come.

Buenos Ayres.— On the Ist November, the election of the President andVice-President was to take place. The candidates were General Urquiza, and Don Salvador Carril. At Montevideo there had been a bloodless revolution. On the 28tb September the Provisional Government was organized as follows :—: — Minister of State in the department of Government and Foreign Affairs, D. Juan Carlos Gomez; of War and Marine, Colonel Lorenzo Batile ; of the Interior, D.Santiago Sayago. The prudence and moderation of the new government is highly spoken of by the journals of the country. The ehcted President, Sr. Giro, took refuge in the house of the French Chargt d'affaires ; and his minister Sr. Berro, sheltered himself in the house of Mr. Jackson, an English resident. The revenue of the Customs he consigned to the care of the French agent. The Provisional Government immediately placed a piquet guard at the Custom House, with orders to fire upon the Frenchmen, if they should endeavour to take possession; and M. Maillefar, seeing them determined, made no attempt. Gir6 afterwards quarrelled with the French •Chargd, and was accordingly informed that he could no longer remain in his house ; consequently, he was about to embark upon the ship Andromede. Oribe had embarked upon the Spanish batque Restauracion, and the captain had given bonds not to disembark him except beyond the Capes. The fiscal agent of the state had claimed before the ordinary tribunals an attachment against the property of the ex-dictator to the amount of more than four millions, and the judge had consequently forbidden any transfer of the property.