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 Loss or THE STEAMER ARKANsAs.-We learn, with serious regret that this excellent Boat ran snag, near Lewisburg, on she Arkansas River, on Friday morning last, March %, and soon sunk in six feet water. Most of the cargo, consisting ol Cotton and Corn, though damaged, will be sayed- The boat, except her engine and upper works, will, # is supposed be total loss There was no insur- ance upon her; and she was owned principally by hercxceIent and esteemed commander, Capt. Penny wit. One life was lost. The passengers who came down on the Arkansas Mail, have published the following card

 st A CARD.

 ! The undersigned, passengers OH board the steamer ss Arkansas" take great pleasure ln bearing testimony to helaithful zeal presence of mind. and good feeling manifested by Capt. Pennywit. on the trying occasion oi the sink- ing of his beautiful boat This veteran of the waters. was aroused, from his short sleep, by the crashing of timbers, and the cry of man overboard,' but seeming to forget that the'boat was his own, and that she was not insured for dollar, his attention was wholly directed to the sinking man. Hold up, my good fellow,'' he cried, " the yawl is close by.22- It was too late-the unfortunate man sunk to rise no more. But the incident was charac- teristic of the captains heart.

 For 20 years has Capt. Pennywit been navigating the Arkansas river, and never be- fore, has a serious accident occurred to boat under his command. With consummate ex- perience he unites every estimable quality which distinguishes the man, and the captain

 Every exertion was made to save the boat. but 1t was impossible. She sunk in feet