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blockade is by blocking up the narrow part of Elizabeth river with stone laden bulks, thus barring the door against any further annoyance and allaying anticipations of attacks, from the fancy rebel craft. The measure is perfectly feasible at any time the Flag- Officer so directs. Until then we are liable to be attacked here at any moment by the Merrimac. When this shall have been done the James river will be opened, thus enabling us to operate on both flanks of the enemy's position on the York and James rivers — a measure which would soon insure the fall of the rebel stronghold. There seems to be, and it is the generally expressed opinion here, that there is too much supineness and disinterestedness in the management of naval affairs in the North Atlantic squadron. Until this is remedied, little may be expected of our fleet. The Merrimac and four rebel gunboats were distinctly seen this morning anchored between Craney Island and Norfolk. It was confidently expected that the