Flood’s battery had lost forty-eight out of sixty-four horses; one piece, had every gun dismounted, and had fired its last cartridge. The rebels assured Colonel Harding that he had done all that could be expected of a brave man, and that further resistance on his part would only lead to a useless effusion of blood. The hero replied, “I have no orders to surrender, I cannot think of such a thing—I’ll take the consequences.” The struggle was renewed. It appeared a hopeless one for the Unionists, till a cheering sight appeared on the river. It was the sable Lexington, followed by her consorts moving majestically into the rear of the position. The gunboat, always the rebels’ terror, began to speak in her tones of thunder. The enemy had posted his main body in line of battle in the graveyard at the westerly extremity of the town, with his left wing exposed to a raking fire in a ravine which led down to the river; and the fire of the gunboats Lexington, Fairplay, Brilliant, St. Clair, Robb and Silver Lake, which fairly rocked the Post with the force of the concussion, did frightful execution among the terror-stricken and fleeing masses of rebels that filled the surrounding valleys and ravines. In this gallant defence, the Federal loss was sixteen killed and sixty wounded. The cavalry, which had been sent to reconnoitre four hours before the commencement of the engagement, were all captured except four, making the loss in prisoners about fifty. The rebels had fully one hundred and fifty killed, four hundred wounded, and left one hundred and fifty prisoners with the Unionists. BATTLE NEAR FRANKLIN, TENN. MARCH 5, 1863.