6th July.
Tre telegrams, that we publish this morning contain four accounts of the destruction of Admiral Cervera's fleet. hree of them, those received through Reuter, are reconciluble, and we incline to think that they are the more reliable; the fourth, which appears to have been published in Hongkong yesterday morning and thence transmitted to Shanghai, has a great tinge of imaginativeness in it, The harbour of Santiago is like' an irregular soda-water bottle with a long neck, The neck is about a mile long and only 540 feet wide at the narrowest part, and the town of Santiago is at the north end of the harbour, about five "miles from.the mouth, We gather that Admiral Sampson, having sufficiently silenced the forts at the entrance to the harbour, and having found that he could steam past the wreck of the Merrimac, determined to attack Admiral Cervera in the harbour; that the Spanish Admiral, getting wind of this, got nuder way, and proceeded towards the mouth of the harbour (and this would explain General Shafter's dispatch); and we may conclude that' when the Spanish Adwiral found that be was overmatehed, and that there was no chance of escaping, he ran his surviving vessels as close inshore as he could and set them on fire to prevent their falling into Admiral Sampson's hands.
The total destruction of Adimiral Cervers's squadron leaves Spain with only Admiral Camara's fleet at Port Said in commission. This ought to be the beginning of the end, The American squadrons under Adwiral Sampson and Commodore Schley are now, free to effectively prevent Spain sending any assistance to her forces in Cuba, while the- United States can pour in their troops as fast as the men are ready. Spain has saved her honour; Manila Bay and Santiago de Cuba have proved the valour of her sailors and soldiers, and there is no disgrace in her now coming to terms with her much stronger enemy; and we trast that the next news will be that she is making overtures for peace.
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Text read from the printed page and cleaned; old type leaves the occasional error.