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t it. The importance of the point cannot be overrated. When the channel is buoyed out, any vessel may carry fifteen feet water over it with ease. Once inside, there is a safe harbor and anchorage in all weathers. From there the whole coast of Virginia and North Carolina, from Norfolk to Cape Lookout, is within our reach, by light draft vessels, which cannot possibly live at sea during the winter months. From it offensive operations may be made upon the whole coast of North Carolina to Bogue Inlet, extending many miles inland to Washington, Newbern, and Beaufort. In the language of the chief engineer of the rebels, Colonel Thompson, in an official report, it is the key of the Albemarle. In my judgment it is a station second in importance only to Fortress Monroe on this coast. As a depot for coaling and supplies for the blockading squadron, it is invaluable. As a harbor for our coasting trade, or inlet from the winter storm, or from pirates, it is of the first importance. By ho