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The reported surrender of Burnside.

The reports from East Tennessee are very cheering, "if true," They state that Gen. Longstreet attacked Burnside in his outer line of defences at Knoxville, on Sunday, and drove him to his inner works at the point of the bayonet, killing and wounding large numbers of his men, and on Monday morning the attack was about to be renewed, when Burnside, finding himself surrounded on all sides, proposed negotiations for a surrender; that the former were finally agreed upon, and the "hero of Fredericksburg," and five thousand of his men, laid down their arms. As nothing of this kind has reached the War Department, we are compelled to put little faith in the pretty picture that is drawn by reliable gentlemen.

The Lynchburg Republican, of yesterday, publishes a letter from a soldier in Longstreet's corps, written on Thursday last, giving a short account of the fight at Campbell's Station on the previous day. The enemy, he states, were badly beaten, losing largely in killed and wounded, besides 700 prisoners, 900 horses, 110 wagons, four pieces of artillery, 3,700 blankets, and considerable amounts of commissary and quartermaster's stores, small arms, and ammunition. They fell back towards Knoxville, hotly pursued by our troops, and it was in the retreat that they lost the prisoners and property enumerated above. Our own loss the writer estimates at 150 killed and wounded.

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