The Line of Occupation.
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There is no news from the South, and consequent ly no new excitement beyond that already produced by the details of the heroic achievements of oar ga

 lant little army in Mexico, says the Washington cor respondent of the Baltimore Sun. We arc agreed as 10 the manner of carrying on tho war; but not yet to the line which is to mark the term of pro- gress. One line 1 have heard suggested which strikes me as reasonable, and into the adoption of which the administration may yet be forced by tho indubitabe manifestation of public sentiment, and that is across the lsthmus of Tehuantepcc. This would reduce our fighting by one-half, as we would only have to fight back, and not be taken between two fires, which would be unavoidable if were to adopt line between the Isthmus and the Rio Grande. In the latter case we would have hostile population in front and in our rear, with guefrilas to support them; while, adopting the Isthmus which is only l50 miles across, the fermtnns 9ao of our operations, we would at once open a commani- cation between our two Hanks, on the Atlantic and Pacific and drive the enemy back to the Rio Grande, where we would again be met by our troops under Gen. Taylor. We would thus occupy the contour of a large and strategica tract of country, with Mexico itself point ddppui, and thereby command the centre and periphery of large circle. crushing and subecting the intermediate parts at our leisure This would af once give possession of the revenue of the country, which is far preferable to the exac- ton of contributions levied by the present Mexican revenue officers upon the people. Nothing but total subjection will ever give us command of the Mexi. can finances, and enable ns to make ourselves paid for the expenses of the war.-Pic.