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NAVY PRoMoTIoEs.-We publish in another CO., lumu list ofrecent promotions in the navy. This reward of lsng and faithful service, (says the N. Y. American) while it is doubtless gratifying to the gal lant officers themselves, will be viewed Dy the public with great satisfaction also. It indicates not only that the country is mindful of those who devote their lives her defence but also, from the extent of the promotions, that enlargement is apout to be speedi- ly made in our wal establishment. This is greatly wanted. The institution of a Home Squadron, with the other acts of tbe Extra Session relative to the navy, will do very well for beginnings but if we would have navy commensurate with the value and extent of commerce, in keeping with the vast of the country, there is great deal yet to do before we can be said to have made even fair beRinnine.