The revelations in the intercepted dispatches captured with Mr. Sanders, whose father is a notorious political adventurer, may be most unfortunate. They not only show that we even were negotiating for six war steamers, but give the names of the firms in Europe that were to furnish them. The project must now be abandoned. And Louis Napoleon will be enraged at the suspicions and imputations of our Secretary of State regarding his occult policy.

Gen. Rains has invented a new primer for shell, which will explode from the slightest pressure. The shell is buried just beneath the surface of the earth, and explodes when a horse or a man treads upon it. He says he would not use such a weapon in ordinary warfare; but has no scruples in resorting to any means of defense against an army of Abolitionists, invading our country for the purpose, avowed, of extermination. He tried a few shell on the Peninsula last spring, and the explosion of only four sufficed to arrest the army of invaders, and compelled them to change their line of march.

January 26th.—The Northern papers say Hooker’s grand division crossed the Rappahannock, ten miles above Falmouth, several days ago.

Burnside has issued an address to his army, promising them another battle immediately.

Gen. Lee advises the government to buy all the grain in the counties through which the canal runs. He says many farmers are hoarding their provisions, for extortionate prices.

I have no house yet. Dr. Wortham had one; and although I applied first, he let Mr. Reagan, the Postmaster-General, have it. He is a member of President Davis’s cabinet—and receives $6000 salary.

There is much indignation expressed by the street talkers against Mr. Benjamin and Mr. Sanders, in the matter of the intercepted dispatches: against Mr. Benjamin for casting such imputations on Napoleon and his consular agents, and for sending his dispatches by such a messenger, in the absence of the President; against Sanders for not destroying the dispatches. Many think the information was sold to the United States Government.

Col. Wall has made a speech in Philadelphia. He said he should take his seat in the United States Senate as an advocate of peace; and he boldly denounced the Lincoln administration.

Our official report shows that our military authorities, up to this time, have burnt 100,000 bales of cotton in Arkansas. I have not learned the amount destroyed in other States—but it is large. Gen. Lee thinks the object of the expeditions of the enemy on the Southern coast is to procure cotton, etc. The slaves can do them no good, and the torch will disappoint the marauders.

Strong and belligerent resolutions have been introduced in the United States Congress against France, for her alleged purpose to obtain dominion in Mexico. It is violative of the Monroe doctrine. And Mr. Benjamin’s accusation against the consuls (embracing a French design on Texas) might seem like a covert purpose to unite both the Confederate and the United States against France—and that might resemble premeditated reconstruction. But diplomatists must be busy—always at their webs. President Davis would be the last man to abandon the ship Independence.