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P., he continues, who had restored confidence to a number of troops and recruited an army, sought permission to take them to the field; but was ordered by General Holmes with his whole command to Jacksonport, Arkansas, "and," says Mr. T., "he might as well for the time be stationed in Australia." We extract the following paragraph from his letter: At the time Jackson was being burnt by Grant, and Vicksburg was being invested, Col Clay Taylor, of General Price's staff, crossed the Mississippi river to Arkansas, witnessed the efforts making by the enemy to reinforce and feed. Grant's army, and saw the practicability of cutting off supplies and reinforcements from the west bank of the river.--He made an earnest application to Holmes to be allowed to take a few heavy guns, and station them at a point where the enemy's transport fleet could be destroyed, offering to work as a private and a gunner. Holmes's army was doing nothing — never was doing anything, but dying, running, and b