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[special Dispatch to the Richmond Dispatch.]
important decision.

Washington, Feb. 18.
--The Supreme Court to-day (Judge Taney presiding) announced its decision in the case of the Powhatan Steamboat Company vs. the city of Petersburg. The amount involved, interest and costs, is over $20,000.

The subject matter is as follows: In 1853, the steamboat Belvidere, Capt. Gifford, landed at City Point a quantity of goods, which were stowed in the warehouse at that place, (owned by the city of Petersburg as an appendage to the City Point Railroad.) They were burned up the same day they were landed. The Powhatan Steamboat Company paid the owners for the goods, and brought suit, before Judge Halyburton, in the Federal Court, at Richmond, and on trial they were non-suited. The case was then appealed to Washington, and judgment was entered for the Company, against the city of Petersburg, for the full amount claimed.

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