COLOMBIA.
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to the insurrection and the cause of the in- surrection in Venezuela. We are indebt-

 cd to friend whose personal acquaintance

 in that country has enabled him to give us

 facts as ascertained on the spot relative to

 the immediate cause of the recent meas

 ures and movements of Gen. PacZ. First.

 The persons who are considered the prime

 movers of this faction, are said to be Dr..

 Pena, Col. Carabana, and one other per-

 son whose name is not recollected. These

 are the advisers of Gen. Paez aud Gen.

 Merino, but Gen. Paez in particular, as

 Chief in command. Dr. Pena is said to

 be a man of the greatest talents, who has

 figured as such in intrigue during the whole

 of the Revolution. He held civil office

 high in the government, (believed first

 Judge in the high court of Bogota, and

 was implicated or impeached for some mis-

 confederation which he was entrusted

 with about 50O,OOO dollars at Bogota or

 Carthagena, to deliver at Caracas, by the

 Government of Colombia, being for the benefit of the landholders, loan for them, or a part of one of the Engliah loans, ap- propriated for the planters on bond and mortgage-Pena receipted for the amount in dollars. There is a difference in the value of currency, or cut money, at Car thagena and Bogota, from the value at La Guayra and Caracas; at the former $l6 of cut money is equal to doubloon, and at the latter SIS to the doubloon. Pena made disposition of his cut money and invested the amount in doubloons, and on his arrival at Caracas, he answered the receipt of so many dollars, in doubloons at SIS, thereby realizing 12 12 per cent nett profit. His conduct was made sub- ject of severe remark in the public news papers, and he replied, II receipted for so many dollars; ! have paid the same a. mount of dollars, ,and have made certain sum of money by the operation; and if this is crime go to Bogota where learnt my vices, for remedy" He was under arrest at the time of the Paez insurrec- ton.

 Pena stated to friend of the writer at Caracas, that his country had disgraced him, had robbed him of his honor, and he should do all in his power to ruin the gov- 

 Caraband.-Of this man, who held al Colonel's commission, the writer knows

 little, except that he is represented as pos- sessing fine talents, and was educated in Europe. Pena and Carabana are the prin- cipal advisers of Paez.

 MorinO.-This man who holds the of ice of second Military Chief under Paez, las been it is believed a long time dissat- sGed with the rulers of Bogota. He is represented as a turbulent spirit, destitute ] of principle, and of flimited talents, but one who was disappointed at not receiving such appointments from the government of Bogota, as were in his opinion equal to lis merits.

 Pacz.-A great deal has been said of his man, and frequently he has been ter ned negro. The writer has frequently 'een him. He is about five feet and seven nches in height,e stout muscular frame, asd very keen black eye. His complex ion is dark (though not darker than many of our countrymen) but nothing of the ne- gro he is fairly termed Creole of the country. Paez is said to be an illiterate man, and until the recent events in Vene- zuela was considered an honest man and 1 true patriot. But in consequence of his arrest, owing to his conduct relative to the citizens and militia, it is believed he be- came exasperated against the general gov ernment. Although he took the civil pow CT into his own hands, yet it was believed the state of the country justified it. That Gen. Paez at the time of his arrest was much irritated, and that his passions were then worked upon by Pena and his other advisers, cannot be doubted, and has even

 been proved by his subsequent conduct in joining these people for remedy of abu-

 ses. That Paez on reflection has most

 sincerely regretted it, there is no doubt.-

 He is now placed in situation of great

 hazard. It is believed he will use his en- deavors to prevent any bloodseed, and re- tain his command until the arrival of Boli- var, when his conduct will probably be overlooked, whatever may be the fate of his advisers. Venezuela as regards the

 General Government is certainly in a more

 promising state than many suppose. Col.

 Ruiz on the east holds possession of Gu

 mana with force of 900 men. He is one

 of the Paez faction. Gen. Bermudez, who

 attacked Cumana in November, and was

 defeated, and retired to Barcelona, short

 distance west of Cumana, on the coast. is

 one of the generals of the revolution. and