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Our friend, Col. J. W. Spalding, of Virginia, who arrived yesterday from Washington, contradicts the report that the Federal authorities had possession of Arlington Heights, a point which, by the way, is not perhaps of as much military importance as is generally supposed. He describes the majority of troops in the Capital as the offscouring of creation, beating Falstaff's ragged regiment all hollow.

Col. S. gives us many items of intelligence, which the lateness of the hour prevents us from detailing. One of these, however, is of decided interest. In coming through the streets in an omnibus, he saw a party of gentlemen, dusty with travel and panting with hot haste. These were the Wall street bankers, on their way to the White House, whom the New York Herald reports as hurrying to Washington to offer their money to the Government. They were hurrying there, Col. Spalding learned, for a very different purpose, via: to invoke Lincoln, in Heaven's name, to stop his proceedings, for the present, at least till some arbitration could interfere, or New York would be ruined. This Col. Spalding had from high authority.

The troops are apprehensive of an attack from Virginia, and have artillery instead of infantry at the Washington end of the Long Bridge, prepared to blow it up if necessary. A business house in New York, which rented last year for twenty-five thousand dollars, cannot be rented this year for enough to pay the taxes The beginning of the end. Green be the grass in its streets forever.

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