JULY 27th.—A large number of new arrivals are announced from the North. Clerks resigned at Washington, and embryo heroes having military educations, are presenting themselves daily, and applying for positions here. They represent the panic in the North as awful, and ours is decidedly the winning side. These gentry somehow succeed in getting appointments.
Our army does not advance. It is said both Beauregard and Johnston are anxious to cross the Potomac; but what is said is not always true. The capabilities of our army to cross the Potomac are not known; and the policy of doing so if it were practicable, is to be determined by the responsible authority. Of one thing I am convinced: the North, so far from desisting from the execution of its settled purpose, even under this disagreeable reverse, will be stimulated to renewed preparations on a scale of greater magnitude than ever.