The Sun.
London, England, 1865-03-27 00:00:00

by the Canada :

base at Wilmington, and is now moving northward,
General Schofield has occupied Kinston.

Sheridan has effected a wide spread destruction of

It is said that the Federal Government will anti-
cipate the payment of the May coupons of the
Five-Twenty bonds.
The cotton captured at Savannah will not be
shipped to Europe. Gold, 164
Sheridan advanced to the fortification of Lynch-
burg, but found them too strong for attack.
General Schofield captured Kinston after a vigor-
ous and prolonged attack.
Bragg burned the bridge at Kinston, and is said
to have destroyed the ram and navy department.
Scouts arrived at Wilmington announce that
Sherman was encamped at Fayetteville, preparing
to march northward. He had encountered but
little resistance, and had fought no battle. The
Confederates at Cheraw retreated after some fight-
ing, leaving 17 guns. The Federal troops live en-
tirely off the country. The Chickamanga was sunk
across the channel of the Cape Fear River, 40 miles
above Wilmington. Boats have left to remove the
obstructions, and open the river communication to
Fayetteville.

A report reached Richmond on Sunday, causing
great alarm, that Sheridan had destroyed the
Beaver Mill aqueduct on the James River, twenty
miles from Richmond, destroying the channel.
It is stated that Sheridan is moving on White
House.

' Federal cavalry are raiding west of Richmond, in
the vicinity of the Virginia Central Railway.
Secretary M'Culloch will issue the first half of
the 600 million loan through Jay Cooke in June
next. The notes will resemble in form, denomina-
tion, and the interest they bear, the present seven-
thirties ; and they will have 10 months longer to
run than those notes before being convertible into
gold-bearing five-twenties. The balance of the
loan will probably be a year longer in maturing
than the June issue, and may be the Government
will not require the balance.
Grant reports the receipt of a letter from Sher-
man, dated Fayetteville, the 12th inst., wherein the
latter states that the army was in good condition,
and had met with no serious opposition. Hardee
keeps in his front at a respectful distance. At
Columbia he had destroyed immense arsenals, rail-
road establishments, and 43 cannon. At Cheraw
he found much machinery, war material, 25 cannon,
and 3,600 barrels of powder; and at Fayetteville
he found 20 guns and much other material. The
bearer of the despatches says that, on the 10th inst.,
Hampton, with two brigades, attacked the rear of
Kilpatrick's headquarters and captured all his staff.
Kilpatrick, however, escaped, formed his men, and
drove the enemy back with great loss, and recap-
tured nearly all he had lost. Hampton lost 86 men,
left dead upon the field.
A Government detective arrived at Ne wbern
states that he had seen the bearer of despatches
from Sherman, who reported that that General was
at Goldsboro.

Gold opened on Monday at 174. A panic pre-
vails in consequence of the receipt of the European
advices by the Africa and the probable shipment .of
gold. The closing quotation to-day was 165/.
Money tighter. Exchange on London, 188 k.
Stocks dull. Five-twenty Bonds, 109/ ; Illinois,
107/ ; New York Centrals, 105 ; Erie, 64g. Cot.
ton—Middling Upland, 65.

NEW YORK, MARCH 17, 1 A. 31.
General Bragg has retreated to Goldsboro'.
The Richmond Despatch, which is now the only
paper published in Richmond, and appeared yester-
day on a half sheet of paper, states that the Govern-

ment employees have been called out by the Governor
for temporary service.

Grant has ordered the suspension of all operations
on all permits, by whomsoever granted, within
Virginia, North and South Carolina, and the por-
tion of Georgia bordering the Atlantic, including
Savannah. This order, it is said, prevents transac-
tions in half a million bales of cotton, and 16,000
barrels of turpentine, and other merchandise.
The statement is reiterated that preparations are
being made to evacuate Richmond. President Davis
has requested Congress to postpone the adjourn-
ment until the 14th inst., as he expected to send a I

communication requiring deliberation and action.

President Lincoln has directed that persons en-
gaged in intercourse and trade with the Confederates

by sea, whether citizens or domiciled aliens, shall

be arrested and held prisoners of war until the close

of the war, subject, nevertheless, to prosecution for

offences committed by them as spies or otherwise

against the laws.

Non-resident foreigners found now or hereafter
in the United States who have or shall have been

engaged in violating the blockade, shall leave the
United States within 12 days from now or from
their subsequent arrival, and are not to return dur-

ing the war. All persons disregarding the order

will be arrested, whether possessing passports or
not, and will be detained until the end of the war,

unless previously discharged by the President.

It is denied that the Government will ship to
Europe the cotton captured at Savannah.

President Lincoln has been indisposed, but is now

recovering.
The draft commenced in New York yesterday.
The Peruvian has arrived out.
The Africa reached Halifax to-day.
The Royal mail steamship Canada from Boston
on the 15th, and Halifax on the 17th inst., arrived
at Queenstown at 10.30 a.m. to-day with 21 pas-
sengers and $B,lll in specie. She landed 120 sacks
of mails and four passengers, and proceeded at
10.45 a.m. All well.
The Canada was detained half a day at Halifax
by fog.

(From the Times' Correspwtdent.)

NEW YORK, March 14.

General Lee reports that the Federals, advancing
on Kinston, North Carolina, were attacked four
miles from that place by General Bragg, on the Bth
inst., and driven back three miles, with the loss of
1,500 prisoners, three cannon, and many killed and
wounded, which were left on the field. The Con-

federate loss was small. General Schofield, who
arrived at the scene of operations on the following
day, reports that Bragg renewed the attack on the
10th, but was repulsed with heavy loss in killed and
wounded, and several hundred were taken prisoners.
He, in turn, declares his loss small. The Confede-

NEW YORK, MARCH 16, 10 P.M.
Goneral Sherman's occupation of Fayetteville,
North Carolina, is confirmed. He has established a

the railroads to Lynchburg, and is reported to have
arrived within 20 miles of Richmond.

President Davis has postponed the adjournment
of Congress, having an important communication to
make.

rate prisoners assert that heavy reinforcements from
Johnston were hastening to join Bragg.
Schofield expected Couch, who was but 12 miles
distant, to join him that night.
In despatches dated Newbern, the 12th inst.,
Schofield states that on the night of the 10th Bragg
retired to strong entrenchments on the north bank
of the Neuse River.

General Lee notifies to the Confederate War De-
partment that General Wade Hampton attacked
General Kilpatrick, without mentioning at what
place, on the 10th, and drove him from his encamp-
ment, capturing his cannon, horses, trains, several
hundred prisoners, and recapturing many Confede-
rate prisoners. The Federal loss in killed and
wounded was heavy ; that of the Confederates
slight.

Mr. Stanton telegraphs that he has received de-
spatches from Sherman dated Laurel-hill, North
Carolina, of the Bth inst., which state that he is
progressing well, but, for prudential reasons, omits
giving details.

Richmond papers publish a correspondence be-
tween Sherman and Wade Hampton, in which the
former declares he will shoot a Confederate soldier
for every one of his men killed while foraging ; and
the latter replies, that for every Confederate so
executed he will retaliate by shooting two Federal
officers.

General Sheridan, in a despatch to General
Grant, dated Columbia, Virginia, reports the pro-
gress of his expedition up to the 10th inst. He al-
ludes to a previous despatch, announcing his occu-
pation of Waynesborough, and the defeat of Early
by Custer, which has not been published. From
Waynesborough he proceeded to Charlotteville,
sending out detachments which destroyed bridges
and portions of the railways to within 20 miles of
Lynchburg, thence to Scottsville, and destroying
the locks and cutting the banks of the James River
Canal, letting in the full current of the river, and
tearing up the railway along its banks. All mills,
factories, and bridges on the line of march were
destroyed. Commodore Hollins, of the Confede-
rate navy, was reported killed while attempting to
escape capture. Sheridan adds, that he met with
no opposition after the conflict with Early, and
found food and forage in abundance.

Mobile despatches of the 28th ult., to the Rich-
mond papers, state that 28 Federal steamers and
transports had entered the bay, and landed large
numbers of troops upon Dauphin's Island. An early
attack upon that city was expected.
R. C. Kennedy, charged with participation in the
attempt to burn the New York Hotel last autumn,
has been convicted by a court-martial as a spy and
incendiary, and sentenced to be hanged.
The Tribune announces, from Washington, that
many Federal officers, whose terms of service have
expired, have proceeded to Mexico and accepted
command in the republican army.

CANADA.
QUEBEC, MARCH 16.

The Canadian Government have proposed a vote
of one million dollars for the permanent defence
of the country, and $350,000 for the expenses of
the Volunteers on the frontier.

The Finance Minister announces that the Govern-
ment must maintain the police and militia as on the
frontier, so long as the -war lasts and fulfil their
obligations as good neighbours to the United States.