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for McClellan, but the new are for Lincoln. The officers, brave in the face of death, appear utterly cowed in presence of this question, the Lincolnites — all who seek promotion — being noisy and vehement, while the McClellan shoulder straps are mute as mice. Private letters from New Orleans, received by the last steamer, state that the immense quantities of cotton stored in the interior of Texas, and which Banks failed to reach last spring, is rapidly being sent over the border into Mexico, where it is bought up by American and European speculators at comparatively small figures. Refugees from the Shenandoah valley, who have recently arrived here, state that, notwithstanding the outcry which has been made about the devastation of the Valley by Sheridan, there is still an immense quantity of grain, &c., outside of the track taken by our army. It is understood that the chief cause for the removal of General Averill from his command in the Valley was his of McClellan.