The Daily Dispatch: March 11, 1861.

Richmond Dispatch.
Monday morning...March 11, 1861.

Hoisting the Confederacy flag.

--On the 4th day of March, 1861, the flag of the Confederate States of America was hoisted on the flag-staff over the Provisional Capitol, at Montgomery. A large concourse of people was assembled, and it was received with shouts and cheers. Miss L. C. T. Tyler, one of the fair daughters of the Old Dominion, and a grand-daughter of the venerable Ex-President of the United States, was selected to elevate the flag to the summit of the flag-staff, on the Capitol. The Montgomery Advertiser relates the following incident in connection with this matter:

When the time had arrived for raising the banner, Miss Tyler steadily, and with heart throbbing with patriotic emotion, elevated the flag to the summit of the staff, cannon thundered forth a salute, the vast assemblage rent the air with shouts of welcome, and the people of the South had for the first time a view of the Southern flag. Ere there was time to take one hasty glance at the national ensign, the eyes of all were upturned to gaze at what would perhaps at any time have attracted unusual attention, but on this occasion seemed really a Providential omen.-- Scarcely had the first report from the salute died away, when a large and beautifully defined circle of blue vapor rose slowly over the assemblage of Southern spirits there assembled to vow allegiance to the Southern banner, rested for many seconds on a level with the flag of the Confederate States, then gradually ascended until lost to the gaze of the multitude. It was a most beautiful and auspicious omen, and those who look with an eye of faith to the glorious future of our Confederacy, could not but believe that the same God that vouchsafed to the Christian Emperor the cross in the heavens as a promise of victory, had this day given to a young nation, striving for liberty, a divine augury of hope and durability

The flag of the Confederate States was the work of the committee appointed by Congress, none of the designs sent in by individuals as models having been thought suitable. It consists of three bars of red and white.--The upper red, the middle white, and lower red. The lower bar extends the whole width of the flag, and just above it, next to the staff, on the upper left-hand corner of the flag, is a blue Union, with the seven stars in a circle.