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ol. Jacob, in Sunday's fight with the rebels Clarke and Chenault, at Horseshoe Bottom Narrows, on the Cumberland, lost forty-two men, including three officers. Chenault and several other rebel officers and ninety-eight of their men were killed, and three taken prisoners. Col. J. H. Morgan, commanding 4,000 men, is still on the south side of the Cumberland. His proposed raid into Kentucky has been defeated. The Cumberland is falling, with five feet of water on the shoals. Cape Girardeau, May 15.--Gen. McNeil was wounded in the hip this morning, by accidental discharge of the pistol of one of his aids. The wound is not serious, but it will prevent his taking the field for several weeks. The Conscription Law.--Stanton has decided that the acceptance of $300 in lien of service is pernicious and not mandatory; that he is not a national treasurer, and has no time to hunt up substitutes. The President concurs, and the clause selling exemptions at $300 will be practical