Col. SAUNDERS has retired from the editorial staff of the Raleigh Observer on account of ill health. During his life, as a journalist, both in connection with the Wilmington Journal, and the Observer, Col. SAUNDERS made many friends among newspaper men, and his opinions were always entitled to, and always commanded the highest respect from the members of the press. To this, the notices in our exchanges testify. We hope Col. SAUNDERS will recover his health in a short time, and again resume the duties to which his abilities so well fit him.

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