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The position of Bragg's Army.

A correspondent of the Atlanta, Ga., Intelligencer, writing from Chattanooga on the 3d inst., says that by a masterly strategical retrograde movement Gen. Bragg has out-witted Rosecrans, forcing him to follow our army across the mountains, and leaving his base of supplies over 75 miles in the rear, greatly exposed to our cavalry. Our army has fallen back to Bridgeport, with a force at Stevenson, at the junction of the Memphis and Charleston road, thus protecting Huntsville, and preventing our army being nked --a chain of hills being in our from, and the river at Bridgeport only 11 miles distant, in our rear. Rosecrans's has been joined by Burnside's forces, and all the troops garrisoning the posts from Louisville to Nashville. Our retreat for the last two days has been conducted with great skill, the enemy following us up, and skirmishing; having been continuous. The enemy holds Decherd, which gives them Winchester and Fayetteville.

It cannot be denied that Bridgeport, in a military sense, is one of the best if not the best, position for defence in the Confederacy. If Bragg had only fallen back to that position months ago, half his present army would have been adequate to hold the enemy in check, and the balance might have been sent to Gen. Joe Johnston, and so render the campaign of that commander in Mississippi a certain success. As it is, I am forced to the conclusion that General Bragg could not establish a better line of defence, and in a more impregnable position than at Bridgeport. The Tennessee is no creek. It is no Rappahannock, nor even a Potomac, but a mighty stream, deep and wide, and across which the passage of an army by bridge, or pontoon, of ferry, would be perilous in the extreme, with a vigilant opponent watching from the opposite shore. If it had been chosen as our line at first, or at least as soon as the movements of Grant it the rear of Vicksburg rendered it urgent that assistance should be sent to that garrison, the army of Tennessee would then have been in a position to reinforce Joe Johnston heavily. A telegram from Atlanta, dated the 4th, says:

‘ We have news by passengers from Bragg's army, which we deem reliable, that the most important movements are going on, and a fight is considered imminent. We are confident that Morgan has done a grand work in Rosecrans's rear — destroying his trains of supplies, cutting off detachments, &c. We have reason to fear that the Yankee cavalry are making demonstrations, and perhaps attempting a raid through North Alabama upon Northeast Georgia.

It was reported last evening that Rosecrans is falling back, and Bragg sending heavy forces back to Tullahoma. There has been no raid on the East Tennessee roads since Sam. Carter's raid on Knoxville. The bridges over Mossy Creek and Flat Creek, on the East Tennessee and Virginia Railroad, have been completed, and trains now meet at the Holston river, at Strawberry Plams. The bridge at that place will also be completed in a short time.

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