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The Convention.

The question of ad valorent taxation upon slaves was further debated yesterday, but no action was taken. Mr. Montague finished his able speech in Committee of the Whole, in favor of secession, and was followed by Mr. Macfarland, who took ground in favor of a reconstruction of the Union, on such a basis as the Gulf States might accede to. Mr. Scott, of Fauquier, has the floor for to-day.

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