Latest from the North.
latest from Port Royal.
eight thousand more Federal troops for Savannah--twelve regiments to March inland.
river obstructions removed.
Lincoln's Orders for release of political prisoners.
Norfolk, Feb. 16
--[Left Norfolk at 12½ o'clock, and received in Richmond at 7.25, evening.]
A flag of truce from Fortress Monroe to-day brings the Baltimore Republican, of the 14th inst.
Accounts from Port Royal up to the 10th inst. says the fleet are en route from Port Royal towards Savannah, and was expected to land 8,000 troops by Monday night. The Federal forces have destroyed the water pipes leading to the city.
The piles driven in the river have been cut by the Federals sixteen feet below the surface.
Twelve regiments are under marching orders to leave Port Royal on Monday, inland to the railroad, and thence to Charleston.
Three regiments of cavalry are to join them.
Two simultaneous movements were to be made--one to the railroad direct, and the other to the vicinity of Edisto Island.
A large number of regiments are arriving at Port Royal together with heavy ordnance.
Many buildings are being created at Port Royal, including a large hospital.
Whiskey is selling at Beaufort and Hilton Head at eighteen dollars per gallon.
The steamer Baltic was soon to leave for New York, with 630 bales of cotton.
The breastworks across the island is nearly finished.
An arrival at New York from Ship Island, with dates to the 23d ult., brings information of the capture of the steamer Lewis and the schooner View, with goods valued at $80,000.
The Stephen Hart, sailing under the British flag, has been seized off Key West, with a cargo of rified cannon, Enfield rifles, powders, shoes, &c., valued at $135,000.
There are two regiments on Ship Island, yet reinforcements are expected.
[second Despatch.]
Norfolk, Feb. 15,
--(Received at 6½ P. M.)--The New York Hereld, of the 15th inst., continues its extravagant jubtiation over the affair at Reanoks Island, and says that thir-
ty of the army were killed and twenty of the naval force, and there were 140 wounded. They captured six forts forty guns, and over 2,000 prisoners, with 3,000 small arms.
McClellan has received a dispatch, (so states the Herald,) that Gen. Price had evacuated Springfield.
On Wednesday Lincoln issued an order releasing all political prisoners in the custody of the military authorities, in every quarter, on parole not to afford aid to the enemies of the United States Government--spies are excepted from the operation of the order.
Lincoln in his order says that as the rebellion is now manifestly on the decline, the severe measures formerly resorted to are no longer necessary.
The naval appropriation bill has passed the House of Representatives of Congress, with an amendment appropriating fifteen millions for the construction of additional gunboats, and one million for the Ordnance foundry at washington.
The steamship Ariel has arrived from As pinwall with $614,000 in specle.
The news from Central America is unimportant.
Advices from Venezuela state that the country is in great commotion.
A British steamer arrived at New York on Friday with a cargo of East India cotton.
The cotton market in New York was irregular and middling uplands were quoted from 28 to 30 cents. Corn was quoted at 65½ cents.
Dispatches received at St. Louis, on the night of the 14th inst., state that 20 had been killed, and 250 wounded, at Fort Donelson up to that time.
The fighting had been desperate and terrible.
Official dispatches from Gens. Burnside and Goldsborough had been received at Washington.
In New York, on the 14th inst., Sterling Exchange was quoted at 115½.
Large transactions had been effected in gold at 104¾, but there had been but little change in the stock market.
[third Dispatch.]
Norfolk, Feb. 16.
--(Received at 10 P. M.) The flag of truce boat arrived here this afternoon from Fortress Monroe with Mrs. Myers and Captain R. A. Bunker, of Mobile, as passengers.
Intelligence received here to-day from the coast of North Carolina, report that Elizabeth City was re-taken by the Confederate forces on Friday.
Four citizens, regarded as traitors, were brought to Portsmouth this afternoon as prisoners.
Their names are Wilcox, Laboyteaux, Sawyer and Dr. Pimeont. 