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ranches of the Legislature. The Legislature was in Executive session to-day on the correspondence of Gov. Pickens, Col. Hayne, (the South Carolina Commissioner to Washington,) and the Federal authorities. It appears that the ultimatum of South Carolina was the surrender of Fort Sumter, that Carolina promised to pay for the forts, and that Hayne, in deference to the wishes of Southern Congressmen, with held his propositions. Gov. Pickens now tells Col. Hayne to make a final demand forCol. Hayne to make a final demand for the forts, and repudiates the position of the President when he says he "has no power to give them up, but must leave it to Congress." Gov. Pickens further tells Hayne to wait a reasonable time for an answer to his final demand, and then, if refusedHayne to wait a reasonable time for an answer to his final demand, and then, if refused, Fort Sumter must be taken. The Legislature endorsed the Governor's action. The commission of Hon. John L. Preston, Private Envoy from South Carolina to Virginia, was to-day sent on to him at Richmond.