aRvEN DAYS LATER FROM EuRoPE.
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OOn MtgWes q teeS Oy AeeuT-AUmsf0S NU- 1 pier's Squadron.

 ! By the packet ship Europe. Capt. Maxwell, from Liverpool, Liverpool papers to the 18th, and London tO the 18th July are received. The news is of unusual interest.

 It appears by the following from tho Liv- erpOOl Times that Don Pedro is most success fUl.

 The intelligence from Portugal will be read with great interest and satisfaction. The fleet Of Don Miguel, it win be seen, has been cap tured by Rear Admiral Napier. after one of the most gallant actions on record; the whole of the kingdom of Algarve has declared in fa- vOr of the young Queen, with, it is said, from six to seven thousand soldiers; and the army ] Of the Usurper has been most signally repuls- ed in desperate attack on OpOrtO. These advantages, if followed up with the same en- ergy with which they have been achieved, are likely to pat a speedy close to this destruc- tive and vexatiOus contest. The capture of the fleet is especially important, as it gives the constitutiOnalists the undisputed posses sion of the sea, and will enable them to att tack Lisbon by forcing the mouth Of the Ia gus, at the same time that Villa Flor ap- prOaches ii with his army from the south. lf this army has really been increasing to any thing like 10000 men, by the dcfectiOn Oi the troops sent to oppose it, the contest must by this time have been decided.

 It will be seen that the vessel which brought this intelligence met with Marshal BOnrtnont on his passage Oatwards. The news must have been very satisfactory to him. As for Captain Elliott, who was sent out by the En- glish Conservatives to take the command of the iieet, he will just arrive in time to hear of its capture. IL-is lucky for him that he was not on board.

 Reports were in circulation of a change of Ministry, but the Chronicle of the 18th says they could not be traced to any sufficient foundation. The Stocks were not affected by the rumor.

 The Cholera had broken ont in Rotterdam. but it was not of malignant character. Am. sterdam was free of the disease.

 Important NesVs from Portugal.

 A second edition of the FalmOut Packet, published on Saturday, brings the following important and most gratifying intelligence :-I

 Saturday Morning.

 The Birmingham Steamer arrived here last night, from which Senhor Mendizabel landed with despatches from Portugal, with which he immediately departed for London. The bear CT of the despatches observed. the strictest see cresy as to the character of the news. We have, however, obtained the substance of his despatches, which we have much pleasure in communicating to our readers.

 It appears that Rear Admiral Napier, with his squadron. consisting ofthree frigates-the Rainha da Portugal (1ag,) Don Pedro, and Donna Maria; a corvette, brig, and a schooner, sailed from Lagos on the 2d inst. and on the 4th, ,4cane in sight of Don Miguel's fleet, consisting of nine ships, but there being nO wind, the Admiral was not able to bring the enemy to action, upon which he called on the steamers to tow his ships towards the en- emy, which they declined, unless the value Of the steamers was secured to the owners. On Friday the 5th inst. however. a breeze sprung up, when Rear Admiral Napier bore down on the enemy and commenced the ac- ton about three o'clock tn the afternoon by attacking the Da Rainha, mounting "A guns, which he carried in gallant style. The Don John alarmed at the capture of her consOrt. made all sailt0 escape similar fate. Admi ral Napier. having secHred the Da Rainha, immediately pursued the flying ship, and af 1 ter long chase, during which the Don J ohn kept up an incessant fire from her stern cha sers' came up with the enemy, wbo at once struck his colors. The Princess Real, 50 guns, was captured by the Donna Maria, of SS guns, after short hut smart engagement { of twenty minutes, in which we regret to say ! Captain Goblet, commander of the latter ship

 was killed. store ship, after a desperate

 conflict with the Don Pedro, likewise surren-.

 dsred, as did two of the smaller ships. The

 remainder of the enemy's fleet effected their

 escape. Thus terminated an action which I proved the destruction of Don Miguel's naval

 force, and which, in its results, is of the ut.

 most importance to the cause of the legiti. mate sovereign of Portugal. Besides the loss OfCaPtain Goblet, the ConstitutOnalsts have to deplore the loss of Captain George and

 Lieutenant Woolridge. flag -lieutenant 10 Rear Il Admiral Napier, and several other officers. } aiso considerable namber of officers and

 men wounded. Among the last mentioned is the son Of Rear Admiral Napier.

 T Do the teturN of the squadron with their

 prizes to Lagos, the corporate body presen- ted Admiral Napier with crown of iaurel. The whole of the province of Algaryes has declared for the voting Queen. and the Con-

 stitutionalists now feel certain Of establishing Donna Maria on the throne of her ancestors. T The Birmingham called off OpOrtO with other despatches for Don Pedro on the 10th. I and communicated with the Transport on 4 the bar. the commander of which came on board the steamer and stated that an attack had been made on Oporto by Don MigueFs : forces on Saturday last, which was repelled with great loss to the enemy. During ths {. voyage home the Birmingham fell in with tho v George the FoUE,h steamer, which saile( D thence for Lisbon last week with Marsha d BourinOnt on board, and communicated tn, t( infelliRanNa nf fha eaueusa nf 1ha M..4