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e rebel States. It is one of the most important documents that has emanated from the Executive Department of the Republic since the adoption of the Federal Constitution. On the 25th of July last the President, in accordance with the act of Congress approved on the 17th of that month, gave sixty days notice to those in rebellion that the property of all rebels would be confiscated, and their slaves made free, if they persisted in their suicidal course. The notice expires to-day, the 23d instant, and the proclamation now issued presents the case in its new and significant aspect. The gravity of this proclamation will strike every one. It has been forced upon the nation by the Abolitionists of the North and Secessionists of the South. It inaugurates an overwhelming revolution in the system of labor in a vast and important agricultural section of the country, which will, if the rebels persist in their course, suddenly emancipate a three or four millions of human beings, and