11 JANUARY 1868, Page 2

The statement of the Panama Star that Lopez has accepted

terms of peace is unfounded. According to the latest intelligence, Paraguay fights on, and Humaita has not fallen, facts we recom- mend to the consideration of people who believe in Brazilian bonds. The great Slave Empire, the last civilized power which maintains the evil system, is evidently straining itself severely in its effort to crush its puny but thoroughly organizzd antagonist.