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The South acknowledged a belligerent power. --Though the Lincoln Government still refuses to officially accord to the Confederate States their acknowledgment as a belligerent power, various military officers in the Federal service are continually doing so without being reprimanded in the slightest from headquarters at Washington. The Memphis Appeal thus sums up the instances: Hutler, when at Fortress Monroe, exchanged prisoners with Gen. Magruder. Col. Wallace, the abolition commander at Cape Girardeau, has within the past few days exchanged prisoners under a recognized flag of truce with Gen. Pillow, and Commodore Stringham accepted the capitulation of Fort Hatteras under the express stipulation to treat Capt. Barron and his garrison as prisoners of war, and as such award them all the usual courtesies appertaining to belligerents. Such a paltry dodge as this is unworthy even of the gorilla-concern over which Abe Lincoln presides.