In the mean time the gunboat Benton had dealt destruction upon the rebel vessel Lovell: as the wreck settled down, the waters opened to receive their prey, and then rolled calmly over the spot where it had disappeared forever. Many of the wretched crew sank in the wreck; some fifty or more, wounded and scalded, plunged into the river; and a few of them were rescued by boats sent by the Union flotilla to their relief, as they struggled in the waters. The greater number of the unfortunate beings were swept by the rapid current to the same watery grave which had engulfed so many of their fellows. One after another the enemy’s boats were crippled. The Jeff. Thompson was forced to run ashore; and her crew escaping over her bows disappeared in the woods. Hardly had they escaped, when a shell was thrown on board, and exploding, set the ship on fire. For the wounded there was no escape; and they writhed in maddening agony, till a spark at length reached the magazine, and the ship, with a terrific explosion, was blown into innumerable fragments. The Bragg and the Sumter were also forced ashore, crippled and disabled. Their crews escaped into the woods. Of all the rebel fleet the Van Dorn alone escaped, being so swift in her speed down the river, that the fastest runners could not overtake her and so relinquished the hopeless pursuit. The Union fleet now came to anchor in front of the city of Memphis, and sent in a demand for its surrender. The city, having no means of defense, was at once occupied by the Federal troops. Immediately upon the surrender of the city, the stars and stripes were placed over the post-office by order of Colonel Ellet. Colonel G. N. Fitch was appointed Provost-marshal of the city; and the Mayor showed his natural good sense by cooperating with him in every way to maintain peace and good order. The only loss to the Union fleet, in this fierce naval encounter, was the injury to the Queen of the West, and a wound to her brave commander, Colonel Ellet. This wound, at the time it was received, had not prevented Colonel Ellet from continuing at his duties, and it was hoped that it would prove slight; but it grew more and more serious until it resulted in the death of one of the most brilliant and heroic men—to whom the nation owes the capture of the city of Memphis. Colonel Ellet died at Cairo, on the 21st of June, 1862. Memphis, of course, became one of the most important Union posts on the Mississippi river. NEW COMBINATIONS. BATTLE OF CEDAR MOUNTAIN, VA. AUGUST 7, 1862.