LATEST INTELLIGENCE.

Southland Times, Volume III, Issue 46, 22 February 1864, Page 3

LATEST INTELLIGENCE.

AMERICA. A great battle liad taken place between G;r.iii and Bragg's armies in Tennessee. Grant drove the Confederates eA'crywhere before him. Tiie Confederates Avere most completely routed. Longstreet, who had compelled Burnside to fall back, has since been obliged to raise the seige and retreat towards Virginia. The Federals under General Banks arc making a firm position in Texas. They already occupy seA'cral toAA-ns in that State. The navigation of the Mississippi hts been greatly impeded by the Confederate guerillas. There is but little merchandise finding its Avay down. General Meade had crossed the Bapidan to attack General Ler. A slight contest ensued, in Avhich the Federals appeared to luivc had the Avorst of" it. General Meade has since gone into Avintcr quarters. Presidents Lincoln and Davis have both sent messages to their respective congresses. Lincoln offers an amnesty and restoration to their former position to all AA"ho, not being leaders in tlie secession, Avill lay doAvn their arms and return to the Union. He gives a scheme of restoration for the consideration of the dilfcaent States. The message is received well both in England and America. The report of tho Federal Secretary to the Treasury states that the Federal National Debt amounts to £400,000,000. The Federal Government in their reports slioaa* a good Reeling toAvards England. Davis's message is despondent, but no hopes of the Avar beiug ended are held out. On the contrary, the tone of determination evinced is more fierce than before. Ho makes great complaint :s of the manner in AA-hich the Confederacy lias been treated by the European PoAvcrs. The Confederates suffered a signal defeat at Chattanooga in a series of battles occupying threo days. The Federals claim many thousand prisoners and fifty pieces of cannon. Uurnside Avas still besieged tv Knoxvillc. In Louisiana, Federal General Franklin has been defeated. Charleston still maintains its impregnability and defies all the Federal skill shcAvn to effect its destruction. Shots drop into it Avithout mischief, ancl the place seems to bear a charmed life. The Home Neios says that oven the ruins of Fort Sumter cannot be taken. The Federal Government refuse to exchange prisoners untilConfedcrates exchange colored troops, Avhich they refuse. The Confederate General Morgan and six of his officers cleverly escaped custody at Colombo. Five thousand dollars have since been offered for his capture, dead or alive. The Liverpool Daily Post says it is in a position to announce that Lord Lyons, in his despatches to Earl Russell, announces that the American Avar will terminate AA*ithin three months ; that the Confederates, being in great extremities, will have speedily to propose an armistice.