Santiago, and After.

A short telegram in the morning papers of July 4, positively telling of the destruction of Spanish fleet, at once changed gloom to joy and created for the day a patriotic climax of an extraordinary kind. The victory seems incredibly complete. The comparative inefficiency of the Spanish navy does not detract from the credit due the Americans, if it does go far to explain the amazing one-sidedness of the battle. The destruction of Spanish fleet accomplishes the main purpose of the U.S. military and naval operations in Santiago, Chile, and leaves the Spanish forces in the island of Cuba isolated.