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Ups and Downs of life.

--In the ‘"Volunteer Southrons,"’ recently arrived from Vicksburg, Mississippi, is a gentleman who a number of years ago was the competitor of his Excellency Jefferson Davis, President of the Confederate States, for the office of State representative, and beat him. One who still maintains his position as an honorable citizen of his State, now a volunteer under the Confederate flag of the South; the other has been elevated to the high position of the Chief Magistrate of our country, and is wielding the helm of the nation. Such is life. No man can tell what the revolution of the wheel of fortune has in store for him; and when we least expect, we may drop into spheres of action which has never intruded within the scope of our calculations.

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