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We have some additional news of interest from our latest Northern files, which we give below:

The great Importance of Sheridan's raid — it is counted equal to a battle.

The affair under Sheridan, which proved so miserable a failure, had a high place in the hopes of the Yankees. It was expected to throw Gen. Lee, bag and baggage, into the hands of the "giant," to be eaten up at leisure. The New York Tribune has an editorial from which the reader can inter how important was deemed a movement that failed even more disgracefully than Dahlgren's:

We have no account of the events of Wednesday--do not know whether there was a battle, nor what were the positions of the two armies on Wednesday night. A dispatch is printed elsewhere which professes to announce the retreat of Lee with enormous losses; but as it was a current rumor merely in Washington and along the road thence, but without any authentic source, we place no reliance upon its numerical statement. Setting that aside, there is no decisive intelligence directly from the battle field later than that which we printed yesterday morning.

But there is intelligence scarcely less important than the news of another great battle. The War Department has received an official dispatch from Gen. Sheridan, dated the 10th, with the information that he had destroyed eight or ten miles of the railroad in rear of Lee, capturing two locomotives and three trains. If that statement is to be accepted broadly — if Gen. Sheridan has really made the Richmond and Fredericksburg railroad permanently impassable for eight miles--we shall immediately hear that Lee has retreated from his line on the Po river. He has no transportation by wagons which can bridge that gap of eight miles, and must retreat, surrender, of starve.

Since Lee abandoned the Rapidan line and retreated from the Wilderness battle fields to Spotsylvania, he has been wholly dependent on the Virginia Central and Richmond and Fredericksburg Railroads to feed his army. A break in either of them is fatal to the maintenance of the Po line. General Sheridan omits to state where it is that he has severed the railroad but the road is certainly the Fredericksburg, and the gap he has made is presumedly some distance in Lee's rear; more probably just above the North Anna bridge than elsewhere. With the road untouched Lee has had great difficulty in getting up supplies, and now that it is broken he must fall back south of the break and establish himself on a new line. We judge there can be no intermediate point which he will prefer to the south bank of the North Anna. There he may still protect for a time the Virginia Central Railroad against the urgent advance of Grant in front, resuming his connection with Gordonsville and with Richmond, and again deferring for a few days his inevitable retreat.

But Gen. Sheridan's dispatch is dated May 10--three days ago. What has he been doing since?--Were he retracing his steps we should probably have heard of his return and if he is pushing on it must be to strike also the Virginia Central, and to render Lee's hold on the south bank of the North Anna as precarious as his present hold on the Po Indeed, assuming the presence of Sheridan's cavalry in Lee's rear, it becomes difficult to foresee the course of the campaign, because the perplexities which surround the rebel army are to be escaped only by expedients of desperation. Lee may still be able to fight — we will not attempt to set a limit to his capacity in that respect — if he can get food, but he can get food only over the two railroads above referred to, and both of them may be at the mercy of Gen. Philip Sheridan. It is this element of the campaign which so immensely accelerates its progress.

The arrival and Reception of Major General Sedgwick's remains in New York.

The body of Major General Sedgwick, killed in Grant's army, arrived in New York last week. He was a Connecticut Yankee, and there was a general turning out of New Englanders to lament over him. The Herald has the following account of the obsequies.

The remains of Major General Sedswick, who was killed in the recent battles of Virginia while riding a long the front, arrived in this city yesterday morning to charge of Major Whinter, Captain Halsted, and Captain Beaumont, late of his staff and four cavalrymen, who escorted the body from the battle field to Fredericksburg, thence to Plain and Washington. Although the route to the capital is infested by guerillas, the escort reached their destination without molestation. The body having been embalmed in Washington, was brought to this city on Wednesday night, and on its arrival yesterday was received at the Courtlandt street depot by two companies of regulars from Governor's Island, who escorted the remains to Adams & Co's Express Buildings in Broadway, and then returned to their barracks. Subsequently the remains were removed to the Governor's room, City Hall, where they lay in state during the day, and were visited by thousands of people. The coffin was enshrouded with a silk flag, and on the lid was a beautiful wreath of holly leaves and flowers, with this inscription:

To the memory of
Gen Sedgwick, of Connecticut,
from Mrs. Jas. Dixon, of Hartford, Connecticut.

On the breast of the deceased was a beautiful bouquet, which was attached to Mrs. Lincoln's card.

Col. Ludlow, of Gen. Dix's staff, took the body in charge in order to allow the escort a brief rest after their tiresome and sorrowful journey. The body will be conveyed to its destination in Connecticut this morning. The countenance of the deceased wears a natural and composed expression. The wound caused by the fatal bullet can be seen under the left eye. The deceased is crossed in the same uniform that he wore on the battle field.

The Sons of Connecticut met at No. 30 Pine street, yesterday afternoon, Robert H. McCurdy in the chair; Charles Gould, Secretary. Among the gentlemen were Gov. Buckingham, Gen. Busteed, Col. Almy, Waldo Hutchins, Judge Coles, and the members of the late General's staff. After brief remarks by several members of the Society, the following resolutions were adopted:

Resolved, That while we mourn the sacrifice of every gallant life given in battle to preserve the life of the nation, and sympathize with the bereaved friends of every Union soldier, we cannot but feel with more intensity the tearful cost of victory when death strikes at those who are the pride and the hope of the nation.

Resolved, That in the death of Major Gen. John Sedgwick, who was killed at the head of his corps is battle, in the State of Virginia, the country has sustained the loss of a brave and gallant soldier, a daring and skillful leader, and a patentor worthy to have died in so sacred a cause; that the State which gave him birth has been honored by the gallant service he has rendered his country; by the example he has left; by the sacrifice of life, which he so freely gave; and while Connecticut mourns the loss, she calls on her sons to fill his place and follow his example.

Resolved, That a committee be appointed to make in connection with the military friends of General Sedgwick, the necessary and proper arrangements for the funeral here and in Connecticut.

The following were appointed:

The New Haven Journal, of yesterday, says in a sketch of Sedgwick:

He was a native of Cornwall, Litchfield county, Conn, to which place his ancestors removed from West Hartford, one hundred and twenty years ago, and he resided on the old homestead, which has been in possession of the family during all these years, an only sister maintaining the hospitalities of his house during his protracted absence in service. His grandfather, Gen. John Sedgwick, was an officer in the Revolutionary war, and transmitted an honored name to the distinguished Sedgwick families of Connecticut, Massachusetts, and New York. Gen. Sedgwick was born in 1811, and graduated at West Point in 1837.

He was always warmly attached to the Litchfield home, and in all his active military life looked forward at the time he might retire to it in his declining years. Just before this rebellion broke out he had seriously contemplated such a retirant, and on the first exhibition of treason he told a relative that his hope had been to leave public life, but added that it could not be now, for his country needed his services.

In private life Gen. Sedgwick was an unassuming, retiring man, possessing strong feelings and attachments. He was never married, but kept up his ancestral estate under the care of an unmarried sister, who was devotedly attached to him.

The capture of Steele's wagon train.

Extract of a letter from Capt E. O. Morse, commanding Co. D., 5th Kansas cavalry, dated Pine Bluffs, Ars, April 28, 1864, to a friend:

Yesterday a terrible disaster happened to our army. One of Gen. Stecle's wagon tracts, of over 210 wagons, was returning from Camden, with unescorted of about 2 000 men, consisting of detachments from the 77th Ohio, 33d and 36th Iowa, 43d Indiana infantry, 1st Indiana cavalry, 7th Missouri cavalry, 5th Kansas cavalry, and 2d Missouri artillery. When forty miles from Pine Bluffs, where the roads were bad, and the train had scattered along for six miles, we were attacked by a rebel force of 6,000, and kept up a hard fight for four hours till our ammunition was exhausted and the infantry were fighting with clubbed muskets. The first and second officers in command were killed. The enemy had taken our cannon and turned them upon ourselves. Then the cavalry rallied for a final assault and cut its way through, all but fifty or sixty arriving at Pine Bluffs.

Gen. Lee in a bad way.

Here is the sort of telegrams that are published in the Northern papers to put the Yankee public in a good humor. It is very readable to those who know that Gen. Lee's army has not missed a ration from Sheridan's raid, or any other cause, since the fighting began:

It is confirmed that, in an order issued on Monday, found on some prisoners, Gen. Lee notified his

army that his communication with Richmond was broken, and no rations could be drawn from thence, and he advised them to capture supplies from our army.

Gen. Grant had captured, up to yesterday, about six thousand prisoners. Part of a regiment was captured entire. It was composed of men who had been exchanged but a few weeks since.

The loss of the enemy in killed is much greater than ours. His wounded are supposed to be about the same.


The California Democratic State Convention, now in session in San Francisco, has passed resolutions declaring that the war is conducted for abolition purposes, and to revolutionize the Government, and bringing the National Democratic Convention to pledge the party to the restoration of peace upon just and honorable terms. An effort was made to condemn the war for any purpose, but failed. Ex-Govs. Bigler, Downey, and Welter have been elected delegates to the Chicago Convention.

The Anniversary of the American Bible Society was held at Irving Hall on Thursday morning. --The meeting was opened with prayer by Bishop Gates, and addresses were delivered by the Rev. Dr. Taylor, the Rev. Mr. Pelit, the Rev. Mr. Thomton, the Rev. Dr. Sunderland, the Rev. Dr. Cox, and others. The report shows that the Bible has been translated into 250 languages; the receipts amount to $5,578 60; number of books printed, 1 592,196; copies of Scriptures granted to the army and navy, 2,000,000.

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