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The release of Col. Corcoran.

--A New York letter, of a recent date, says:

Judge Dey, of this city, who went on to Washington to help intercede with the powers that be for Col. Corcoran, telegraphed this afternoon that they have had an interview with the President, Secretary of State, and Gen. McClellan, and that the result is such as to justify the expectation that their wish will be gratified at an early day. There are difficulties of a serious character still in the way, but it is thought they can be overcome without making any concessions to the rebels. One of these difficulties is, that the rebels insist upon being addressed as the ‘"Government of the Confederate States,"’ and that in the necessary official papers to be exchanged. Jeff. Davis shall be styled ‘"President."’ Mr. Seward, while determined that the rebels shall not be gratified in this particular, is ready to offer them informally such an exchange as will probably move them to abandon the conditions upon which they are understood to insist. The necessary steps to this end have already been taken, and should they result in the Colonel's release, there will be great joy in every honest Irish heart, not only in New York, but all over the loyal States.

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