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The upper Potomac.

The heavy rumors of the past few days have rapidly subsided, since it has become known that there has been no decisive battle at or near the town of Bath, in Morgan county, and none whatever in Bath county which is a considerable distance from the Potomac river, and not likely at present to be the scene of any exploits performed by Jackson's or Loring's troops. There has been vigorous skirmishing in Morgan county within a few days past, but with no important result on either side. On Friday evening last, if we are correctly informed, Company F, of Richmond, and Company B, of Baltimore, were sent forward to a point near the town of Bath, and met a small body of the enemy. It was in this skirmish that Mr. Wm. Exall, of this city, was mortally wounded, and 3d Lieut, James Paine, also of Company ‘"F,"’ received a severe, though not dangerous wound in the neck.--No further casualties are reported on our side Twelve Yankees were taken prisoners on the same evening, and it is probable that some of the enemy were killed. We have not received any definite intelligence in regard to other skirmishes, in which the 48th Virginia (Col Campbell) and an Arkansas regiment are said to have been engaged; though from the fact Gen. Jackson's brigade occupies the neighborhood of the town of Bath, and that no Federals are on this side of the Potomac at that point, we infer that we have got the best of it so far. It is stated that there were some few casualties in the Arkansas regiment above mentioned, but no particulars have been received. The recent captures of prisoners, we are reliably informed, amount to thirty.

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