Assumptionor Asuncion

Assumption, or Asuncion, the capital of the Republic of Paraguay in South America, on the left bank of the river Paraguay, 18 miles above the junction of the Pilcomayo. It was founded by the Spaniards in 1535 on the Feast of the Assumption, and possesses a good fortified harbour. The exports consist of mate (Paraguay tea), hides, sugar, tobacco, and rum.