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The Threat.

--The National "Republican,' in its issue on Thursday, in Washington, thus announces the policy and the purposes of the Lincoln Government.--‘"There is to be no peace except upon the basis of the unqualified submission of those in revolt There is to be no recognition of any pretended Southern Confederacy. There is to be no peaceable assent to a separation of these States. The Government is to be maintained, in that plain, straight forward way in which all Governments are maintained, by coercion. The leaders of this conspiracy are to be driven out of the country or to be hanged."’

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