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th under conditions which admitted of the naval resources of the latter being made available. Fort Donelson fell after a brief struggle. Island No.10 was also captured, though after a more gallant resistance, and according to the last intelligence, Fort Pulaski had also fallen into the Federal hands. It is a principle of warfare that the capture of fortified place is a mere question of time, and numerous have been the proofs afforded of its correctness from the sledge of Troy to that of Sebastopol. The loss of the places taken by the Federal armies should excite neither surprise nor regret in the Southern Confederacy. The sole question which they have to consider is whether the delay occasioned to the advancing army by the resistance of those places has been dearly or cheaply purchased by the loss of men and arms incurred in their defence.--The conquest of the Southern States--that is to say, the successful invasion of the country, throwing out of consideration the establishme