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The War news.

The news from the Southside this morning is important. After several days of unusual quiet, the enemy, at an early hour on Saturday, commenced a vigorous shelling of Petersburg, and varied the practice by exploding a mine under our works on the Baxter road, a mile and a half from the city, by which he gained temporary possession of the salient. While our loss of men by this exploit was not large, we regret to say that it includes a number of the members of Pegram's battery, of Petersburg. But his triumph, if it can be called so, was short lived. The invincible Mahone threw his veterans upon the enemy, recovered the salient and the four guns with which it was armed, captured twelve stands of colors, seventy-four commissioned officers, including Brigadier-General Bartlett and staff, and eight hundred and fifty-five enlisted men. We lost a few valuable officers and a number of gallant soldiers, but that is one of the fortunes (or misfortunes) of war. At the close of the fight our lines were identically the same as before its commencement, all the ground lost in the morning having been reclaimed.

The telegraphic dispatches announcing this brilliant success were received yesterday morning, and having been posted upon the bulletin boards, were perused with intense interest and satisfaction by throngs of our citizens, who were lavish in their praises of the gallantry of the troops in front of Petersburg. The question most discussed was, what will Grant do next? --for since he has signally failed in his "blowing up" operation, he will undoubtedly resort to some other method of accomplishing his purpose. It is apparent that he is nearly "played out;" for whilst mining is admitted to be a legitimate mode of warfare, it must be a desperate case which requires its adoption.

The foregoing news is confirmed by the following.

Official Dispatches.

An official dispatch received at the War Department states that at 5 A. M. Saturday the enemy sprung a mine under one of the salients on our front and opened his batteries upon our lines and the city of Petersburg. In the confusion caused by the explosion he got possession of the salient, which was afterwards retaken and the enemy driven back to his lines with loss.

A later official telegram gives some interesting particulars. When we drove the enemy from the salient we recovered the four guns with which it was armed, captured twelve stands of colors, seventy-four officers, including Brig. Gen. Bartlett and staff, eight hundred and fifty-five enlisted men. Upwards of 500 of the enemy's dead are lying unburied in the trenches. Our loss slight.

The Brigadier-General Bartlett alluded to above lost a leg at the battle of Seven Pines; but unlike Dahlgren, of wooden leg and turpentine ball notoriety, he has fallen into our hands unharmed, and will doubtless enjoy a prolonged period of rest and recreation in a Confederate prison.

The Otey Battery of this city was engaged in action on Saturday, and had but one casualty — a son of George M. Savage, wounded in the leg.

The ambulance train last evening brought over some two hundred and twenty of our wounded.

Up to the time the train left Petersburg everything remained quiet on the lines.

Pegram's Battery was formerly commanded by Capt. James R. Branch (promoted to a Lieutenant-Colonelcy,) but is now under the command of Capt. R. G. Pegram. It is thought that a good many of its men, at first supposed to have been killed, were stunned and taken prisoners.

We understand that our military authorities are well satisfied with the day's work, and believe it has spoiled Grant's new plan for the reduction of Petersburg.

The Northern Border.

It has been currently reported for two days past that our forces, which recently swept Crook, Averill & Co., out of the Valley of Virginia, have crossed the Potomac and are now again on the soil of Maryland. In the absence of official confirmation, we are not prepared to vouch for the truth of this report. The latest official advices represented that our forces occupied Martinsburg, and there is probably no other foundation than mere rumor for stating that they have advanced from that point. When we do receive reliable news from the Valley we have no doubt that it will be favorable, and of a character to reflect fresh lustre upon Confederate arms.

Affairs down the river.

It is now believed that a considerable portion of the enemy's force which lately crossed to the north side of James river has recrossed and again joined Grant.--The object of this movement, in so far as it was designed to create a diversion, signally failed, as have most of the enemy's plans in the present campaign.

The situation in Georgia.

There were no official dispatches from Atlanta last night. We were informed that communication had been cut off by a party of Yankee raiders, who tapped the railroad between Macon and Savannah.

We make this statement as a contradiction of a rumor, circulated last evening that news had been received of a disaster to our arms in that quarter.

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