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Dispatch.] Norfolk, Nov. 26, 1861. There is much anxiety in our city to hear further news from Fort Pickens, and it is earnestly hoped that the next intelligence received will confirm the hope and belief, of many persons, that the gallant Bragg will smash the fortifications, drive out the Hessians, and send some of the Federal ships to the bottom of the sea. The frigates Cumberland and Congress and several steamers are at Newport News. Two large war vessels are lying off Old Point. The flag presentation yesterday, at the Square of the Military Academy, attracted a large number of persons, and the military display was fine. The 14th Virginia regiment was out in full force, under command of Colston. After a brief but appropriate address by Maj. Gen. Huger, the beautiful flag was handed to Col. Colston, who responded in an old quent and spirited manner. I regret to state that the symptoms in the case of Rev, Dr. Lee are far more unfavorable to-day He is aga