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Rebel Reports from Sherman.

Our readers are treated this morning to another installment of news from the rebel papers in reference to Gen. Sherman's great expedition. A day or two ago we were informed with a characteristic flourish by the Richmond papers, that a Union force had been repulsed at the Oconee river. Now the same veracious sheets acknowledge that both the columns of Howard and Slocum are well across the Oconee and are still "marching on."

Gen. Sherman seems to be covering in his advance both the Atlanta and Augusta Railroad and the Central Georgia Road from Macon to Savannah, which run almost parallel at an average distance from each other of forty to forty-five miles. The destruction of both roads is no doubt rendered complete as he advances. It is evident, in spite of the lugubrious attempts of the rebel press to put a cheerful face upon the matter, that panic reigns supreme throughout Georgia and South Carolina. In the meantime that mercurial little Frenchman, General Beauregard, seems to be running about from the Tennessee to Macon, frantically trying to hurry forward a part of Hood's army on the pursuit. The curtain fell upon him at Macon on the 22d, where, according to the rebel report, he was cut off from Augusta, which place it was evidently his object to reach in order to take command of the forces being gathered in General Sherman's front. He can only reach Augusta by a long and tedious detour to the South.

In one paragraph the Augusta Constitutionalist rejoices over the arrival of veteran troops in that city, and congratulates its readers that the advance of the Conqueror will soon be brought to an end; that with Hood in his rear, Breckinridge on his flank and 30,000 veterans in his front, he cannot escape, while it assures them that Beauregard will be there on the morrow. In the next paragraph the same paper raises a wail over the cutting off of communication with the east (west?) and acknowledges that Hardee and Beauregard have been left far in the rear. The Richmond papers profess to have encouraging news from Georgia, however, but mysteriously refuse to print it. This is a fact of great significance, considering that the same papers have professed to have similar information at every step of Sherman's march from its very commencement, only to have their lying promises speedily exposed by the actual result.

The tenor of the rebel news on the subject clearly indicates that the rebels do not hope to make a successful stand against Gen. Sherman before he reaches Augusta. That they will do so then their empty boastings on the subject furnish no evidence, especially when we remember how frequently their promises and predictions have failed of fulfillment before. The situation in Georgia grows more and more interesting and must continue to do so, until the final "denouement," which is rapidly approaching.