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A privateer in the Pacific.

--The Commercial Advertiser, of Honolulu, Sandwich Islands, July 4th, has the following:

Capt. Nichols, of the clipper ship Bald Engle, informs us that on the second day out from San Francisco, he observed a call on his wind ward quarter. He kept on the same course till the vessel had approached near bough to show that she was a "long low, inspicious looking black craft," of a schooners Capt. N. went down and examined his chart, comparing the course of the schooner with the wind, and came to the conclusion that she was bound nowhere but to speak his ship. By this time she had approached some what nearer, close enough to show that she was well manned, and anything but a regular trader.

’ Having a large amount of specie ($530,000) on board, and suspecting that all was not right, and that the schhoner might be fitted out for privateering, he changed his course, out his vessel in her best sailing trim, set every inch of canvas he could spread, and before nightfall left the black craft nearly fall-down astern, and in the morning nothing was seen of her. Captain Nichols thinks there is no doubt that she was a privateer, but whether commissioned with one of Jeff Davis' letters of marque or not, makes no material difference. The Bald Eagle was armed with two ship's guns and plenty of small arms, and Capt. N. says he would not have feared meeting the schooner, unless she had guns of longer range, which was very probable.

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April, 7 AD (1)
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