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News from the Southwest.

The latest information from the Southwest is not so favorable as that conveyed in previous dispatches, although our present intelligence is not of a character to discourage or dishearten. A dispatch received at the Adjutant General's office yesterday morning from General Beauregard, states that after the fight on Sunday the enemy were largely reinforced by the army under Buell, and that the fight was renewed with great violence on Monday morning, and continued until one o'clock P. M, when our army withdrew in good order, and retired to Corinth, Mississippi. General B. adds, in his telegram, that he was unable to carry off all the arms and ammunition captured on Sunday.

Corinth is near the line dividing the States of Tennessee and Mississippi, and about eighteen miles from the battle-ground of Sunday. The policy of General Beauregard in retiring to this point is commended by those familiar with the topography of the country, and it is confidently believed that he will there be able to meet any force that may be thrown against him.

The Federal column under Buell is a heavy one, but it dare not penetrate the interior, where it will be deprived of the efficient aid of gunboats and river transports. As he advances the hostile territory in his rear increase, and the gallant sons of Kentucky and Tennessee, who are measurably relieved by this advance, will omit no opportunity to annoy, if not capture and destroy, his transportation trains. Altogether, he will have a rather disagreeable time of it, and the grand object of his mission — the subjugation of the South--will, ere long, be found unattainable.

Our army at Corinth is a large one, and composed of the choice at spirits of the South, who are ready to die rather than their homes and firesides shall be polluted with the invader's presence. Led on, as they are, by the most skillful commanders of the age, we entertain no fears that the great Valley of the Mississippi will ever fall into the hands of the foe.

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