The following is transcribed from the New York Times, dated May 25, 1862:

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-- The movements of Gen. BANKS' corps d'armce, and of detachments of it, have been rather remarkable of late. When, about three months ago, he crossed the Potomac, and marched up the Valley of the Shenandoah, the rapidity of his movements was admirable, and his success everywhere complete. He drove the "Stonewall" rebels before him from point to point, defeated them at Winchester, and also in numerous cavalry skirmishes, pursued them to and from Strasburgh, from Woodstock, beyond the line of the Valley Railroad, as far as Harrisonburgh, and, it was believed, to Stanton, till finally it was announced that the Shenandoah Valley was entirely cleared of the rebels, who had held it for a full year. It was given out that his splendid march and pursuit of the rebels, was to terminate in his seizure of the railroad at Staunton, and from thence he would cross the Blue Ridge and operate somewhere in the rear or on the flank of the Richmond rebel army. Suddenly, however, the corps d'armee of Gen. BANKS was wheeled about, marched back to the railroad, (the Stone-wall Jackson rebels apparently following -- they say pursuing -- our troops,) and from thence to Strasburgh, where the railroad from Manassas Junction intersects the line running up the Shenandoah Valley. After he had made this retrograde movement, our forces in the mountains of Highland County, under MILROY and SCHENCK, who had been expecting support and cooperation from Gen. BANKS, were left isolated and were at, once attacked near the town of Macdowell by the rebels, and after a hard-fought battle and a heavy loss, had to fall back to Franklin, in Pendleton County. There they were opportunely met by reinforcements under Gen. FREMONT, and the rebels were in turn driven back. After halting for a time at Strasburgh, Gen. BANKS began to move his forces, in detachments, eastward over the Manassas Gap railroad, to join, it was said, the corps d'armee of Gen. MCDOWELL. Gen. SHIELDS' Division was moved first, and has probably by this time reached Fredericksburgh. Subsequently other columns were sent in the same direction; and it was while moving over this road that the detachment under Col. KENLY were surprised and repulsed by the rebels at Front Royal, some ten miles east of Strasburgh, after having suffered, according to Gen. BANKS' official report, "considerable loss in killed and wounded and prisoners." The rebels hold Front Royal, breaking BANKS' communication with Manassas Junction, and will probably, by burning bridges and tearing up the track, altogether destroy the connection, and prevent the union of the two corps d'armee, which was needed for their efficient action. This mishap is an unfortunate one at the present moment. If Gen. BANKS was going to move his whole force, piecemeal, over the railroad, he should certainly have held the lines open at all hazards, and with the large force under his command was abundantly competent to do so. It will be quite easy for him to move forward with his whole force and drive the rebels from Front Royal, but unless he also capture or totally destroy them, they will, with the facility of movement which has characterized rebel operations in that vicinity, return again to the Shenandoah Valley, and there resume their sway and their ravages. It would appear, from late movements, that there is quite a large rebel force in the mountain region of Virginia. They have attacked our troops lately at three different points, a considerable distance from each other. Under HUMPHREY MARSHALL, they attacked Gen. COX at Princetown, in Mercer County; a hundred miles east of this, at McDowell, in Highland County, they attacked MILROY and SCHENCK; and now, nearly another hundred miles still further east, at Front Royal, in Warren County, they have taken the offensive against Gen. BANKS. It is evident that there is a good deal of work before FREMONT and BANKS, in their respective Departments; and with the fine columns under their command, they ought to make brief and quiek time in doing it.