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the Federals, to the number of about 20,000, were advancing upon Paris and Danville, Tenn., and had already passed Farmington, Ky., on their way to the points designated. Farmington is in the vicinity of Paducah. When our informant passed Danville and Paris great excitement prevailed, and the Federals were hourly expected. It is supposed that the 20,000 here spoken of constitute a part of the immense force which lately left Cairo for Tennessee river, the remainder having probably been detailed to look after Forts Henry and Donelson which at last accounts, were still in the quiet possession of our troops, who, confident of success, anxiously a wait the approach of the enemy. If the Federal should reach Danville and Paris, they will undoubtedly seek to destroy the railroad and telegraphic lines, and thus out off communication between Memphis and Bowling Green. A few days — perhaps a few hours — may bring startling intelligence. Reported Federal victory in Kentucky