Show Importance of the Espeiglc Affair VALPARAISO Aug 29The Globe this afternoon commenting upon the capture of Valparaiso and the subsequent downfall of Balmaceda says the Congressional victory gives the Espiegle affair a much more I seious complexion adding Had Balms coda won no diplomatic dispute would have followed but England will now have to explain what appears to btu flagrant ureach of neutrality England Is answer ansver able for her agents and i the Congressional Congres-sional party claims damages as it probably will John Bull will find himself witn another Alabama imbroglio of far less excusable ex-cusable character on his hands I the case is as bad as it appears to be the soundest policy would bo to frankly admit the blunder and come to some friendly arrangement about compens alien Unless we have a good defense resort to international arbitration is strongly to be deprecated |