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he powder trade, will be the only person benefited by that achievement. The heart of the rebellion beats still with a healthy action in spite of the gasconading proclamations of Sherman, and the extravagant expenditure of powder by Dupont. The Burnside expedition was the last and most formidable. The North was on tiptoe to behold its triumph, and we were told that McClellan only awaited its arrival at its destination to make a simultaneous advance from all quarters upon the doomed Secessionists.--But Burnside, who was among the routed at Manassas, has this time met a more powerful enemy than he fled from on that battle-field, and his expedition is already paralyzed by the waves and winds. Providence has interposed once more in our behalf, and has again proved that the battle is not always to the strong. We are now threatened with a mortar fleet, destined possibly for Norfolk, consisting of iron-plated batteries, which is confidently expected to shell the Confederates out of their
e into Hampton Roads yesterday, but of this I am not yet certain; although it is quite possible that the vessels that remain after the terrible disasters which the fleet suffered, may have been compelled to get into deeper water, a safer harbor, and more hospitable quarters. As the wind was blowing freshly from the eastward for two days, a number of coasting vessels have, as usual, sought shelter in our splendid roadstead; and the arrival of these may have given rise to the report that Burnside's vessels had come back to the Fort. The London Herald states that houses in London and Liverpool are making preparations for the establishment of branch houses at Norfolk, New Orleans, and Charleston, the moment trade with these places shall be re-opened; that French houses at Paris and Lyons are likewise preparing for similar direct intercourse with the south; that arrangements have been completed by enterprising parties with large resources, at Liverpool, for two lines of first-clas