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latest Northern files, which we give below: The great Importance of Sheridan's raid — it is counted equal to a battle. The affair under Sheridan, which proved so miserable a failure, had a high place in the hopes of the Yankees. It was expected to throw Gen. Lee, bag and baggage, into the hands of the "giant," to be eaten up at leisure. The New York Tribune has an editorial from which the reader can inter how important was deemed a movement that failed even more disgracefully than Dahlgren's: We have no account of the events of Wednesday--do not know whether there was a battle, nor what were the positions of the two armies on Wednesday night. A dispatch is printed elsewhere which professes to announce the retreat of Lee with enormous losses; but as it was a current rumor merely in Washington and along the road thence, but without any authentic source, we place no reliance upon its numerical statement. Setting that aside, there is no decisive intelligence directly from t