It was expected that the steamer La Virgen, belonging to the Accessory Transit Company, would arrive at Virgin Bay the evening of the 11th, and the democratic force had scarcely got into quarters before it was announced that she was in sight. A sentry had been previously posted near the wharf with orders to prevent any boat from leaving the village without permission; and as soon as the steamer appeared, Colonel Hornsby was ordered to go aboard when she cast anchor and take possession of her. He executed the order without Capt. Joseph N. Scott, who was on the Virgen, knowing his object until he had accomplished it. Both Mr. Cushing, the agent of the company, and Capt. Scott, protested against the use of the vessel for military purposes, as well as against the forcible possession. Mr. Cushing said he had the assurance of the United States Government, that it considered these vessels of the Accessory Transit Company American property, under the American flag; but he had been in the diplomatic service of the United States, and was too familiar with the first principles of public law, to imagine that persons acting under the authority of Nicaragua would regard any such interpretation of her rights of sovereignty. The Accessory Transit Company was a creature of the government of Nicaragua; and its vessels were by the very terms of its charter under the Nicaraguan flag. Even, however, had the property been that of a neutral, and not of a subject, it would have been permissible to use it temporarily for the purpose of transporting troops. It is not at all true, as has been sometimes asserted, that the steamer was there by concert between Walker and the agent of the company; on the contrary, the latter had always resisted the idea of permitting the vessels of the corporation to be used in any manner by the belligerents, and the former, to disarm Mr. Cushing of any suspicions he might entertain, had always protested that he knew of no way in which the steamers could aid the objects he had in view.