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The Hatteras Victory.

The sudden and successful descent of the forces of Butler and Stringham at Hatteras has caused consternation not only along the whole Carolina coast, but far into the interior. We find in the Philadelphia Inquirer extracts from the southern papers in reference to it. The Raleigh Standard “stops the press to announce “the startling intelligence,” and a correspondent of the Petersburg Express, writing from the same place, mourns in despairing accents over the “very sad” news that “our coast is entirely in the possession of the Yankees.” Under this State of affairs the Wilmington Journal calls attention to “events coming home to our own State, hovering over our own coast, threatening our own homes, and approaching to our own door;” while the Raleigh Register feels “warranted in entertaining the most serious apprehensions for the safety of Newbern, Washington, (N. C.), and in fact the entire coast.” In the same strain the Petersburg writer already quoted, asks: “What does the entrance of the Yankees into our waters amount to? It amounts to this: the whole eastern portion of the State is now exposed to the ravages of the merciless Vandals. Newburn, Washington, Plymouth, Edinton, Hertford, Elizabeth City, are all now exposed, besides the whole adjacent country. Our State is now plunged into a great deal of trouble.” Another Raleigh paper in speaking of the affair, uses the expression that “for the sake of the credit of the State, we forbear to describe the effect produced in the House of Commons, when the news was read in that body.” No doubt a panic was created, for we find in the same article that “Colonel Campbell's regiment, recently stationed at Graham, and originally destined for Virginia, was sent to Newburn on Wednesday; that the Charlotte Artillery left their camp on Thursday for the same destinations; and that the Wilmington Artillery, under marching orders for Virginia, have been detained until it can be ascertained if their services are needed on the coast.” Thus we are beginning already to harvest most valuable fruit from the victory. By giving the rebels work to attend to at home they will cease going to Virginia, and many will, doubtless, be recalled. The flood tide of that stream has run out, and must now begin to ebb.