The New York Herald Newspaper, November 27, 1860, Page 4

4 “THE SOUTHERN CRISIS, Repor's from Washington, Charleston, Macon, Columbia, Baltimore and Richmond. The Bank Suspension Act in the Georgia Legislature. RE OF SOUTH CAROLINA. MEETING OF THE LEGISLATU Hoisting of the Palmetto H'lag at Baltimore. LETTER FROM BON, HERSCHEL V, JOH ISON, do. eo. THE REPORTS FROM WASHINGTON, Wasuinctox, Nov. 28, 1860 At this critical juncture it becomes a duty to reiraia from ¢\viog undue conrequeace to mere rumors whose publicasioa would only add fuel to the firce of se xtional animcrity already kindle’ into flame, and therefore I scrupuloas'y eift for the Hexaty the reports poured along the cbannels of news from @ bundred soarces, and endeavor to present the fac s winno wad from conjectures and inventions. 1 regret to aay, with al! the caution imposed by this consideration, that the towe of feeling 40, here witbin the last forty-efght hours, tn cirsles that bave access to the most extensive and reliable {informa ion from the cotton states, te con bly more desponding for the prevervation of the Caton than has existed ats viout tine since the Preal devtiai election. The disunion sentiment te growtoy in the slayeboiding States among those who had any pro clivities that way, and berides ts becoming famitiar t thousands who heretofore baye looked upon the idea of diszoluiion with horror It secant quite certain that South Casoiine w!l, in epite of all remonstrances from her sister Staves, try to pro. cipitaie disunion, She wili pats her ordinances ‘or seces pion never again to enter a Uaioa with a non slavoholdiog fate on sny terms whatever, and will enact the diplo- matic performance of tending to We plevipotentiary, or ber bigh commissioners, who, of course, cannot be recognised fn any such capacity. Thereupon she will undertake to yy the forsit in South Carolina belonging to the Caited State Quetom Houses of the ports, and will thus the fe¢erai government Mr Memmipger soeaks in Caro’ al friends bere, tatima seceesion is, is their own ations the begin war on aod otbers writs that the idea of pinion, gut of the og question. The extensive preparatic the South, prove that revelotionis «—nothing less or moro, All the meagures of arming the secessionists know they are They export to ds I government in no» other as coneidered by the fe¢ pect How opposite to all this passion, vehemence and !ntem rermnce is the course of the President, the Message ttreit will ehow. He has made no threats The Chicf Magistrate of the whole of this glorious Union, with a memory that retatus and readily recalls ail the past, and ao {maglcation that active preecience advances o the atili more p-ospe rous api megeificent future of our common conntry, It may be easily conceived will address his fellow c tizeus as brethren, and fo far as io him lies will put dowa forever the designs of the extremeists on either side— the oullifiers of tho North aod the sccerstouists of the | Soutu Wasmixotos, Nov. 26, 1960. Everything from the South bears tbe gloomtest aspect A distipguished Senator, man of moderate and con- servative views, slate? today that in loss than sixty days five States will bave disgolved all connection with the government. In the event of a Southern confederacy South Carolina has indicated her intention to force upon it free trade, which involves an tneupportadle direct tax to sustain the government her confederates oppose this, ebe will, doubticas, sexede from them, and adopt, on her owa account, free trade in its broadest sense, and the importation of Africaa sinves. Ii is aid hero that the tax upon bor people to sustain hor as ea tadependest power would depop ulate the State tn two years ‘The free importation of African slaves by South Caro: a would render slave property in the border States most valuele-s. IMPORTANT FROM SOUTH CAR( vA. Convsents 1880 This city bas presented on unuewally busy ep) caraccy to day, for the members, and other pertoe inierested ia their deliberations, bave deen arriving to be present at the opening of the Lrgislature tonight, That body ts ow lo eeesion Ite deliberations will be principally cow fined to the ordimary business of the State, and no direct action can be taken regarding the eeceasion movement, are bas miready goue to the exteat of its © le baving iesued the call for a convention. Legisinture, however, has just read, for the fret Dil to arm the State, and to raise four bendred thousand doliars for that purpose, Gut of the one hundred and sixty seven members there ts not a single man who ts known to be aco operationin— every oe is in ‘avor of Gnesnditional secession, Is is be eved that if & pingle member avowed his eentimeats to be otherwise, be would be eummarily dealt with. There te Little eatd here, however, upou the groat question which now agitates the nation. for the Legial risdict Th ‘and calm, deliberate detrrm'nawon. There is but one sentiment pervading the miade of the entire community, ® eeotiment that is entertained alle by all classes of citizens, acd that is, that South Carolica i not, under any circumstances, remain iu the (aica There are many men in South Caroline who bave boew early devoted to the Colon, men who deeply cepiore (bo pecersity that bas existed for ite dissolution. Tocrw are very few in all the State who would nok have preferred that Sovti: Carolina could bave been permitted to wit un der the protecting wings of the parent confederacy. and the great heart of the Mate, as represented in the tbousards of her peopic, bas bied as she has beea com pelled to deliberately aod conscientiously resolve that ane could not remain avotber day in the Union. Rat ths question was parrowed down to thit point, that she must olthor give up the Union or give up all elements of her own vitality; and the fire: Iaw of nature demanded that Abe abould provect berrelf. Therefore South Carolina ts now on: of the Union as much as she can be. All thet rrmaine to be done i the simple declaration of the fact by tbe Convention which t to meet on the 17s of December, No buman power, noting but an isterpo- sittoa of Providence can avert it. It is a gress pity that the North ¢id net, and core not, or will cot, anderstand the South and ber inptitetions in their true character; for if they ¢id matter id certainly sever bave come to thie lameptable exnd ition The State ie making active preparations to resist any demerstration on the part of the feteral government. Teodore of aid from other States continue to come to the Governor, and ® strong and so universal te the feel ing that the moment tne command shall hare been given oventy thovgend so) lore in ber owa boundaries, rom the mountains to the eit come forward to the de foece of South Caroliv ad they all would sovner die, or tee the State ® subjagated provines, than passively fodmit to a continoance of Northern encroachments on bor rights ‘Tue Governor will send In bie meseage at one o'clock Omorrow. He wil recammend that the Logisiatare Bhow.d lo some extent, frter and encourage direct trade with Eorope and the Contipent, by takieg upon ‘welt © part of the loses thet might flow from he eetabliphment of such direct trade. fo this end the properition of some citisen of Coarieston YW eatadlinh & line of “ienmers between that port and Liverpool is favorably thought of Ip the event of traitors arising w thin the State after she ehall bave aewerted her sovereignty, it is provable that be will advise some legislation in more particularly defining treason to the sat: wettl) for that offence. ft i# belierod that be will recommend that « law be pasted punishing Fummariiy and severely — Perbape with deacb—any perso whe circulates incon diary documents, himeeif an abolitionist, oF Wn any way endeavors to incite the saree to lot vordl Bs lon oF \nenrrection sod that South Oarol'na wha! bind ton her Minister | Should | The people have reposed | into quietude, but it is the repose of settled conviction | the pratehment | | herself to take MMy thousand dollars worth of arme an- | pually, for Ove years, from Msjor Ripley, iu acoordance With the proposition of that gentleman; and thatanego |p Uation be eetered into between South Carolina, Georgia and Alabama, to fix upon @ site for the armory, He probably will recommend what the Legis- lature has already gaticipated bim in, that | ts bo arm the State at the earliest practical period, go as to prepare for the first overt vot on tho part of the fede- ral goverpment. Ibis believed, however, that the State {8 well armed already, for, tn addition to the arms tn the areenais, many cf which are of tl ost approved pat torn, the existing law order which the milttary of the State is organized requires each man to have his o wn fire- arms, AFFAIRS AT CHARLESTON, CHARLeston, Nov. 26, 1860. ‘The city Is quiet to day. The members of tho Log'sla- ture are cearly ai) gone to Columbia, The regular session Opens to morrow night. The Governor's Message will be | Fead on Tueeday, It is rumored that troops are coming to Fort Moultrie. It ® bow evident that none will be sent to the Conver Vion unless etrougly committed to secession. CHARLESTON, Nov 26, 1860. Financially matters are growing desperate bere. A petition Is to-day circulating among the morsbaute ask ing the banks to euspend. It will be presented to mor- | Tow; but the banks bave now eufllotently contracted to be eafe themecives, ard they lonk rathor coolly on exch | Movemente, They want to gothrovgh the ordeal ua. eeathed. The Governor's meetage ia anxiously Looked for here. LING IN VIRGINIA, Ricamoxy, Va., Nov. 26, 1800 Hoa, Edmund Roflin, of Virginia, arrived here to day from Soath Carolina, having failed so far to bitob Virgiata to South Carolina. Mr. Ruf t# wa honest disunionist He aimitted this evoning, in the presence of sevoral gon- tlemen, that be wee for disunion, no matter who had been clected, A grand mass meeting of all those who are in favor of the Union, will be beld at Fincastle on the second Monday in December, A committee of conference of the different banks in the city agreed to day to receive on deporit the notes of all | the egivent banks in the State, the Wheeling banks and | the Vatloy Bank branches at Stauuton and Charlottesville excepted. The Treasurer of the Virginta and Tennesses Rall- roat ives notice today sbat from and after this date be will be prepared to cash the interest coupons of the firat and second mortgages of the com | pany, due in New York on the let of January, 1361, with out discount for prepayment. A few of ovr merchants held a mosting at the Young | Men's Christian Association today relative to tho rates | of exchange between Richmond and Northern cities | They, however, adjourned without coming to any deflaite conclusion. The weather @ pleagant and everything is quiot in the metropolis. DELEGATES TO THE GEORGIA CONVENTION, Avcveta, Ga, Nov 26, 1860, | How. A. H. Stephens and Doctor Perkins have been | unan!mourly selected ae delegates to the State Convention | from Taliafero county, Mr. Stephens mate a oharac- teristic conservative speceh | THE SECESSION THE FEI FEELING IN MARYLAND. Barmaonw, Md , Nov. 24, 1860. An association, calling themeelves tho “Southorn Vo- lonteers,”” displayed the Palmetto flag from their place of meetirg to day. A large nrowd was attracted by the no- volty of the thing, and the tisg was greeted with groans and hisses from the crowd, and with plaudits from the Volunteers Capt. Jones, of tho bark Isabel, also displayed ths Pal- motto flag from the masthead of his voasel thie morning, when all the ships tn the viclaity tmmediately raa up tae stars aud stripes. BANK SUSPENSIONS IN GEORGIA Macon, Ga, Nov. 26, 1860. THE 011 LEGALISING SUSPENSIONS PASSED HY THI /USE, BTC, ‘The Manufacturers’ Bavk of Macon suspended tais morning. ‘The bill legalising bank suspensions passed the House | today. It will be vetood by the Governor, but be again | parced over the veto, All the Georgia banke will then ‘mow provavly suspend. It if whispered there will be many heavy failures in | Savannah this wesk, Businees 16 prostrate everywhere. PXOHANGE ON NEW YORK. Avovets, Ga, Nov. 23, 1860, | The banks to day advaroed their rates for eight drafts | on New York to « aif per cent premium, BANK SUSPENSIONS IN GEORGIA. Macom, Ga, Nov 26, 1860. Bank of Macon suspended this The Manufacturers morulng Dos.cees te prostrate everywhere. that there work SUSPRNSION OF THE TENNESSEE BANKS. Nasuvitur, Nov. 26, 1890 The State Bank sod all the principal banks in Tennesece fuspended thie morping- PHILADELPHIA BANK STATEMENT, itamniruta, Nov Its whispored U be many heavy failures ia Savannah this Decreased loane oe cir bad depo Total apecto tu ++. 8,244 000 THE RETORN OF PASSENGERS BY THE STEAMSHIP FLORIDA FROM SAVANNAH. We learned yesterduy, from both the arent of this line At Savancah, now in New York, and from Mr, Mitebell, the agent to this city, that the statement to the elfct that fourteen cabin pamsergers ond twenty cicnt eteorage, had been went back to this elty by the steameh|p Florida | was incorrect She arrived on Friday night as stated, but brovght Dack, at the inetance of the authordies, but one indi vidual, who bat made himself offictous in tampering, ia | tome way, with tho nogroes, asd who was politely re- quested to leave. The others wore those who had iived at the South, or returned of their own accord. The stoorage passengers wo-e mostly Ieborers, some of whon had went o@t In quest of employment, dut fading pubiic works suepended, and the immediate opening for work, apd short ‘of means to support themselves until work could de found where liviog wae exponsirs, they concluded to return. The Savanoah agent stated thet the South did not object to emigrants coing out who wou d be able to teke care of themarives till work coalt be foun. And that all resprotabie mechanics would be cor. Oially received, and every far Aforded thea ‘or ex | tablebing themecives in their business It was ancl that the Sooth needed. Bat going out with business views, it would of course, ta the ma) rity of those carrying ont some mesos with them, in order to keep them along wnt.i they could got under weigh OUR WASHINGTON CORRESPONDENCE. Wasnisotom, Now 26, 1860. The Cauldron Beginning to Boil— Arrival of Members of Congr t— Hon Tom Corwin Among the Pirst og Hand— Cabinet Whuperingt—Prendent Lincoln to Go to the Na tional Accownts from the South —Hatred Between the Two 1.133 000 wks Sections The Day of Compromise Past and the Day of | Dissctution Aypreaching, de , de. Te cauldron begin to bol. Mem vers of Congress aro beginning to show themselver, and a few strangers, cu- ricetty mongers, claim eeekers aad looby men are alroady on band, The Hon, Tom Corwin has arrived, and ts stop- | | ping at the National; be looks as frost as ® Jano rose, | There are Cabivet whieperings in conncctim with his name The coming week will see our city overflowing with the cream of American political society, and the oe fence of political rascality, Willard’e was opened yester- day, and is ae tidy as if the entire establishment bad just emerged from an wpholsterer’s banibox. fhe National, and popular resident phystician—Dr Jones—whose phyme it pat co time disagreeable to take—ie eproced up for the season. Brown's and the United States aro also armed ¢apapie for the coming tournament o° businers. The Clarendon has been sewiy furnished and revamped, andall the other public and ail the private bouwes are ready for the approaching rush President Lincoln, It ie now woderstood, will tarry at the National during the interval between bis arrival here aad his ad. vent tato the White House. Accounts from the South agree that nolew the North | Congent to repeal their Pertonal Liberiy billr, and make — ‘an fort to destroy or punish their orgasired bande that are engaged in the businers of running of slaves and convoyiog them on their way to Cacada via tho ) underground ratiroad, all hope of @ settioment of the exiatiog difficulties a at end. A fentimest is entertained DY prominent politictane bere, these who ere now iden- {Ged with the republican party, that the States of Malice, \ermont, New Hampebire, and even naconetitut dasmacbusette, can be induced to repeal thetr jonal Liberty bills fer the sake of keeping the Union ther; and as for gy La A Meals, an can be done, ey say, wi ves are t. But this is ail the South demand. Toey, denned ‘the right to take their sone peely into the commoa Territories of the Union, apd Congress shall protect it there the feme as it would any other private property. anda fe: republicans are growing weax in the knees even on this point. Some are already ¥ i/liog to take the back track cp thetr poeition that Congress bas the right to prohibit slavery {n the Territories, if yutherners will with Grew from theirs, that it is the daty of tect slavery in those Territories. tea bare possi. bility that some co npromize may be offered at the av- preaching session of Con; a view to harmonize (bese extreme interests; but [ fear the period of compry past, that nothing but a reconstruction of the federat compact can eave the Union from dissolution. The father of the compromise of 1850 ip the room adjoining that in and if bis spirit could witness isguised bitterness raging in the bosoms of Southern: ere egeinst the of the North, and oouid at the same time be! the condition of the Northern sent! subject of slavery, as eatertained in the all icultural regions of the North, {t would utter the exclamation—‘‘Alas! the day of compromises bas !n- deed peszed, Wee to my country!’ Personal invest'gation will convince any one that the boatility of one section of the Union to the other a the tous question of buman servitude is more tho entertained among the tating wars of tue pertods am: ations. Is is possi then, that two pooples—for eo must our countrymen in the bonds of amity nless there be @ reconstruc ion of tbe ) government’ The idea of coercion te pro Aight or (ea millions of free Ne, like those ‘ta can never be coerced, and their demands for equailty of rights onder the present or avy fature const. totion are bound to be respected, or separation is the {n- evitable conseq uence. MARYLAND. OUR BALTIMORE CORRESPONDENCE. Bartimorsz, Nov 22. 1360. The Result of (he Election—The Figures and Eifect Through the City and State—H. Winter Davis and the Republi cans— Kepublican Mass Mectings—Dams Up for the %! lectorshiy-—Lancoln's Appointments in the State—Th+ Dowglas Flement—$10,000 to the Police Marshal—Tre Financial Cyroar—Opinion 0! Judge Taney on Secession Since my firet and last dish of Baltimore and Maryland politics, eveuts bave hurried op with racehorse speed and I bring down the story to the present hour, . In the first place I must correct my dead reckoning. You will remember I gave you an estimate of the vote of our State on Presidential election day, in which I accorded Breckinridge @ majority out of the cliyand « tie with Beil in the city, I pat down Lincoln 600 votes in the city end 1,000 in the State, The ballot box reversed my cetimate somewhat. It gave Bell s slight majority, or rather plurality, in the counties, and Lincola got just abont 1000, as I predicted. In the city Brecklaridge beat Bell some 2,000 votes of @ plurality. Dou gise got 1,600, instead of 1,00, as I propheeted, and Linc >in only 1083! Now for the expianation of this latter vote, as pon it depends the result actuaily ob tained in the other cases. After the stampede of the Davis Americans for Lin coin, after the defeat of bit cand! fate, Hiades, for Mayor, Davis, to the utter amazement of the repuablicans—who bad come to regerd bim asa Lincoln eympathiz sr, {f {2° eed pot a repubiican under @ Bell disguise—set bim self to work @od won back the mort of bie old friends and comredes, by cavsivg them to understand or believe that Lincoln preferred the euccces of Boll in this State to thar of Breckinridge; that be (Davis) was in Lincoin's confi dence, and that ho would certainly be called into the Cab! pet; and by threatening to cut off at the kneos all Amor” cans who should presume to vote for Livcoln, if he (Da. vis) should bave any induence with Linesla, in case they wanted office. The republicans bad no press to covnieract these injurious imputations on their candi- date ant to pull the mark off Davis’ faco, for the Patriot, contrary to the wish of one of its propristors, Sr. Fyans— who was an open Lincola man—pleyed into his (9.'s) bands ‘Things went on in this way until the republicase began to bold mass meetings. They onlytheld two, and they were broken up by the Bel! men of the Davis etamp urg- {ng on the Bell men of the Morrison Harris fa:tion—the Breckinridge police etacding by and consenting, fm accordance with orders from headquarters. The effect of breaking up these two mass meetings upon the German Lincoln v@e—numbering at least four thousand strong—was to prevent their appear- ance at the polls, through dread of a new species of Plog Ugiyiem. Many of them who did vote were driven to go for Breckinridge, through the threats of their employers to dismiss them if they refused. So far the Breckites were gainers, and so far the republicans were Geiighted, beceuse they preferred Breck! it. bie, be termrd at this crisis—can | inridge to Qucceed, a8 against the Bell ea et Se fo badly all summer and @ Breckites had some 2.000 newly mage voters who weet with them. eo tbat, alter ali Mr. Davis’ effurts, bis new Assembly reom and bis Cecti epeecbes, his ridiag the nigh horse of republicaniem with @ mask, he was defeated twice witoio s month fhe vote for Mayor and President in bis dis trict, the Fourth—the twelve upper wards of the city— sbow him to be nearly 3.600 in the minority, where, inst fall, be had a maj rly of nearly 8,000! Everybody now fees that be was cliected then by er Dis Opponents from the ba‘lot boxee Mauy of the German Lincoln ‘voles were thrown for Rreckinriége on the ex press ground ‘of beating Davis, who bad, some years ago, vindicated tbe right of the patives to drive ‘the naturalized yousre frorm, the polls, and sustained the Plug Ugly deaomimation fn thie ony Mr Winter Davis bas got to the end of his political letier. His aspirations for & cabicet ap intment bave been reecntly piped #o deeply in the bud as to show bis barges op that there never was any real ‘oundation for bie sseumptions. Mr. Lincoln will take bis Cabinet from Amongst the republicans, say the reliable correspoadents of the Hemato, avd pobody bus @ simpletou could ever have dreamed of avy other result. What next? Ramor bas it toat Mr. Davie is now up for the Collectorship. If to, be will fare no better. His friead and pitcher, Gover- bor Evcks, 1 also tn for that office, aud boib have toetr claims upon the fact that they both'did all they could to defeat Linovlp It f@ now ksown that Mr Liscois qwitl make he appoiwtments to this Stace from amongst the republicans «ho voted for him, and pobody bat the oilice hunters of contrary politics te" heard & 1. Forte nately there are repubtieans enough ia Maryland, whose Sol etatue is equsl to that oc Mr. Davis, Governor Micke or au) otber of the Beil men. Sivce tbe erction (be Baltimore Patriot bas boon cbareroulng Mr. Lincoln, patting bim on the rack and telling bum to be @ goo) boy, and preparing to get up that Ver grand party, eut ofthe debris of the del parties, wb cb i¢ to support hie administration in afl that it lawfol and to hold tt back in all that ts unlawfal. Is uot that refresbug’ Tuia is Davia’ reheme. He openly fa) 8 Idee rep.d:icenlem can't and ehao't fourieh im Mary: lard The repobleane eay (t cas and Pball, and whe war bar already begun between the Simon Pures and the Swire mercetarie The tate electoral candidates for Lin coln in this Sate bave ireued @ manifesto, which I see yon tave prbiistes. Ta thie they take opea ground ainst Davis’ plan of & vew grand onposttion party to tupport Liv ered ncotrals repablicans have seme qu able leaders a8 the Davie faction bas, and iff wire a betting man! would Iny «large wager that tbe former wili overcome the new Davia party. eantime the Dooglas men bave tesued an atdress, and are to bold a state convert oa in Baltimore next mooth, when they will probably diehard, many going over to Lincoln, and the reatto the Breckiridge demo eracy. The Douglas leaders are living tn hope that rome. bm J NM turn up to give them a tog at the Treasury The Breckite Cemocracy are not content with their vielory in the Stave. The republicans hold the balasce of power. The object of the former is to win over all the econtenta they can in time for the next fail The latter witl run fall t they bave = the sional and 8 ate elretion next fall, ard if they tuceerd ridge, y wi Pave Bel rally. They bate Davie too cordial! te and city. Mayor end Oouncil aro now under They have done — of eoy it to rua after Whimey, the y's attor- bes, with # bot trop, and to show that he has received fem» $2400 ince be has beem im office, rome three biicans in their emily have done, f complaint agunat Se much for my second a of politics. Now for the uproar tn the South and its Goancial eects. T do not know that lean throw any new light on the ‘tly ecconnte you give ef events In thé South, At pobody bellevee in Baltimore that dow and Georg!@, and Alabama and Es Brey | NEW YORK HERALD, TUESDAY, NOVEMB ER 27, 1860.—TRIPLE SHEET. extending Slavery into free territory or not, | believe the vote would be ize tenths of the State agaicst it Judge Taney, I leara, holds that there is no such reme ¢y under the covatttution for grievances as the right of seorssiom Secession is rebellion. Bautiwonz, Nov. 22, 1869 The Senate— Look to the Senate—Public Opinion in Favor US Giving Additional Conservative Power to the Senate— Convention of the States—The Cotton Crop—The Phanters Georna—New Basts for Ezchange—Correspondents of the Leading Journals, &c. Public opinion in Maryland, Keatuccy and Virginia ts being rapidly concentrated ou the policy of strengthen ing the Senate, as the true conservative polloy to be pur- sued, An amendment of the constitution, which will make atwothirds vote of the Senate mscessary before apy act of Congress can become law, would give to the South ample protection. Early action by Congress in thie matter will at once allay public excitement South as well os North. Itis quite evident, setting the nogro ques- tion aside entirely, that the popular force of our government is getting to be too strong, ood threatens to neutralize if not destroy the check which was provided against the rule of mere majorities. By granting this additional power to the Seaate, logisia- tion may to some extent be retarded and fower laws passed. Bat this would be no great calamity. We have too mapy pew laws as itis. The country is too much governed. True statesmanship consists in fortifying the conecrvative elements of the republic, The friends of the Union and of the constitation now look to the Hmratp to elaborate this Seaate amendment. ‘The South will yet fall into the proposition fora Na- tional Convention. The seceding States believe that the act of secession will give more earnestness to thetr position ‘and command more respect from the North, With speedy action in Congress in regard to increasing the conserva- tive power of the Senate, and the hope of anearly as- sembiage of the States in National Convention as provided by the constitution, the fears of the friends of the Usion will grow leas, and public confidence will compel an amicable adjustment. If the black republican leaders sitempt to thwart us, and demands ‘high old panic!’ endeo “irrepressible conflict,’ the indigaation of the people will eweep them away Like flics. The eswepension of the banks of this city is caused partly by the conviction among influential people that news will soon be on us from Europe showing an advance of the Bank rate at London to 8 or 10 per coat. The merchants approve entirely the action of the Baltimore banks, and we may look for a regular break down all over the coua try. I bave epecial information from the cotton districts to the effect that the planters intend to bold back their crops, A mecting of planters will take place at Macon, Ga., during the fair at that place in D:cember, when this powerful intercet will, for the fret time, play an im” portant part in the commercial history of the world. A ceptrsl association will be formed, acting jonction with local committees in each cotton ‘country, for the purpote of moving the crop forward ou planters’ accoust to the foreign markets. The principal Cepots will be Liverpool, London, Bremen and Havre Oa tne rece!pt of the shipping documents or the arrival of the cargo, shipments of specie will be made direct to the Soutb, sud the belanocs heid for American account Gas of the largrat bank: Europe is already in negotiation with tbe proper parties at the South, a view to this movement, and it needs no great amouat of foresight to anticipate that the planters will be but too willing to ercape {rom the ruinous depreci a the value of their property, They contend that if the have & right, by exceptional measures, t> protect them solver, the pianters have equally the right to combine for self protection. Toe factors make no cppoaition, and the European buyers see no other remety. The truth is, the pooner she cotton crop is sent for vard to Europe tbe better for all partice, and as there is no money to move it, and ihe exchanges of the country are entirely derenged, the ouly alter: ative is for the planters: them selves to store thelr crops abroad instead of keepiag them on the p'aptations, They cav draw againet the pro- ceeds of the eales in favor of their merchants, aud these drafte sent forward to the North for payment in Kurope will furnish the basis for a eafe and legitimate excbauge I beg.caroceuy to call the attention of the writer of your money article to this subject. Lam expecting further news today, and I hope by tomorrow w give you toe dotatis. ‘There will be present at the Macon mecting fron five through ‘ne epecte to pay freights to the seaboard wi'l be furnished by the Soutbern bants. It is expected that constderabie ship- ments will be made from Memphis th: ough Norfolk, New York and Baltimore Orders for frearme are pouring fa from the South. ‘The commercial letters to Baltimore houses all speck which has been impend' Our imports from a! have dimt- jonary convention may arsemble in time to ou the new era in American progress ve an abiding faith ta the superstition, eo, tha; the United States have yet a great Io the micet of all this excitemmy let not the pablic forget the signal service which the corres: pondents of the leading journals are now rendering to the country. I believe I know personally nearly every gen teman connected with this important and commanding profession. They ajl fool the diguity of the sacred trust confided to them. If the soldier riske on tho Gold of battle bie life for bis country is encoureged by those whore interests and houor he detends, how vervil giving de cop fiat of opinion, and tn whose banda the pea is mightier than the eword. call deminy to fuldl VIRGINIA. OUR RICHMOND CORRESPONDENCE. Ricumoxp, Va , Nov. 22, 1880 The Position of the Mojority of the Cabinet on the Secession Questicn— What the Maintenance of shat Position will Lead To Delusive Hopes of the North frim the Preunt Comparative Lull in the South—Pauniary Difficulties the Paramount Consideration for the Time Being—Cot ton Sent to New York as @ Basis of Exchange—Frie Ne- greet Returning from Literia and Sdling Themselves Into Slawry—Condition of the Pree Negroe—Finances de, de The news brought here to-day by the Haeato, of @ di vision tu the Cabinet on the questioa of secession, has lod to much discussion amoag our leading politicians. Mr Buchanan's position bat caused coneiderable dis appointment among the less conservative, while they believe that the enunciation of his policy will rather iucresso than diminish the | secession furore which now distracts the country His repudiation of the doctrine of peaceable secession, coupled with the purpose attributed to him, of eaforciag submission to the federal euthority on the part of the seceding States, is regarded as jooonsistent with the possibility of a peaceful adjustment of the pending 4: culties, Jost as certain as ho proclaims this doctrine in hie menmge, #0 certain will the seccesion cause be strengthened by the accession of huadtreds of thousands who are now opposed to it. The most moderate, the most conservative of all our citizeos, prociaim that in o> event will they tolerate cocrcion of any seceding State. An — attempt of that sort would make every man in the | Sovth a disunionist. And it would involve more ferious consequences, It would lead to # bloody reyo- lution, which would cause ths couatry bittorly to regre: that the alternative of pescefal secession was sot given [fear that enough of what occurred in the Cabinet coun. | cil of Toesday last bas transpired to give an active im- pulse to the secession movement. If there is any hope | of @ penocable adjastment of existing 4ifficalties, ve found only in a policy of “ masterly inactivii the general government. 1! is Soath Carolina's fondest — antict pation that a collision between herself and the fede- ral authorities will ensue, for in such an event « aniver- salsympathy among her eister Southern States would be aroused, which would inevitably lead toa firm anton of | the South both for resistance and seccssion. Mr. Baehanan should, by ail means, avoid farniabing wey pretext for a colliz'on Coercion the | Present state of the Southern mind would cause every | man in the South to take up arms and promptly go to the ald of the Palmett» State, Team well foresee how nogoti- ation will be impeded by such « proclamation of views from the President as the despatoh in the Haaato of yes. terday foresbadows If iu the discaesion of the constitu. tiowa! phase of this question of secession in his message be should doom it hie duty to present bis own opinions, ‘and they should turn out to be in condlict with the pre- vailing idea ta the Bouth of the right of peaceable seoes- ston, be should by all means express an opinion of the impotiey of enforcing such «@ doctrine while the public. mind was #0 excited. If « Proclamation maintaining the unoonstitutionality of peaceful secession te made, without any countervailirg modification, euch af I in:licate, all hopes of peaccabie fettioment will beatanend, Pubite indignation ia tho South, which, it is to be hoped, will bave materisily sob sided by the time Congress moots, will be instantly tired up, and in the desperation of despair precipitate action will bo takon, and thorough disauion must be the conse. quence. Coercioa would make Virginia a ultra as South Upton and best contribute to the suczers of the secession aa nok republican journals seom to entortaln atroog hopes of an carly subsidesce of the secession exci.) ment, because of the comparative lull which they de cove! the political atmosphere of the South The hope will, Ifear, prove adelustve one This is an ioter- vot ‘comparative ceim, which will terminete with the meeting of the frat convention to be held in the South ‘A dew era wiil then turn up, and @ scene of excitement will follow, compared whe eae ie comin one short wi ned = Blu the eee will be as the rip to the period assigned for the muet- ing of ‘couventions for a fali developement of its fury. The debates 1a Congress upon the secession question will, in all prevability, bave attained a degree Of bitter intensity by that time, which will materially Add to the excitement. Lincvin, too, wil! be on the eve of ipavguration, and thie contemplation witli madéen tho already excited in the ultra Southern States. But sbere is no material abatemen: in the popular excite- ment now. Meetings are being held everywhere ia Vir- ginia to prepare for the coming crisis, iaute Men’ are being rapidly ed, arms distributed and brewing, ont LT look u the Southern volunteer companies drilled for active service, This i sially cape in the country districts, where aril been heretofore neglected Everywhere, in fact, there are signs of active preperation, and no lack of eptbusiasm is visible, 60 nae bog yh nig ag ure!’ | purposes, an + bes aN py fies rom the excitement pecaliar to the past two weeks. Business wen are rendered more staid and Indifferent under the preseure of the prevailing pecuniary revuision. ‘With them the operation of banks, the range of thelr die count lines oud the rates of exch; re paramount to all merely political consideration for the present. But ‘they, too, will fall into tbe matn cur: » if only to re. move the origins! source of their embarrasements aad settle the penaing difficulties in one form or avother. ‘The rates of excbunge on New York since the suspon- sion of our banks have advanced to seven por cant pre- mium, and the pro! soon take place if your baoks continue to pay ont specie, A premium of $45 was paid bere ou yesterday for a draft for $860 upon Baltimore. Bad ag tnis state of things is, it wovld be cousiderab!y worse had the banks continued to pay out epeci Sach a policy would peressitate a cur. tailment of the disevuuat live to a rutpously low staadard, and thus serious disasters would be entailed pon the | mercantile community. The cotton tates bave a great Advantage at such a time over the nou-cotton growing Staten, Hey canvan they arecow doing, send cottou to New York and draw ‘upon iis proceets an effect a very large eaving in the way cf premiome, many who ba obi gations to meet m the North Bugment the Ate of the cotton returns by aelliag trafte at enormous premivms. Petersburg, which commands & considerable trade with North Curoliau in the coston Hae, suilers comparatively liitie from @ derangement of tho exchange basis. They manage to preserve the equi- librium admirably by sending to New York a cofficiont quaniity of cotton to meet thelr requirements in the exchange Hive. I wae informed Iaet evening of the return from Liberia to this city of sone negroes who were formerly manusitiet iu this State, and sent at thelr owa requent to thet coun- try. They gold themeclves into slavery immediately oa their retura, aad ure now living here much more content ed than they wero while in the enjoyment of their freo dom. I was informed by the same gentlemen that more than half the free negroce who dic in this city are baried the public sxpense. Th's tae proof of their improv.donco, and ehows how unfavorably thelr condition contrasts with that of the slaves. South Caroliua mozey {snow ata Jisenuntof ten per coat, and North Carolina at Gve per cent, A still further de preciation 1s apprebended. The letter of Governor Letcher to Brisbin is highiy commended here Ais message to the Legislature Wil: be marked by the game fm and conservative tone GEORGIA OCR MACON CORK NCR. Macoy,Ga, Nov 21, 1360. Mr Rhett in Miliedgeville—Crion Party Agitaiet—Popw lar Foeling—Co operation Between Georgia and Aiabs ma—Staynation of Trate in Macon and Savannah— Provision Credits Stopped, dc Hon. R B Roett, of South Carcitua, is at Milledgevilie, tes\iog the tempor of the Legirlaturo and infusing come of bisown. An attempt will be made to get up a Union party and run in anti secestion delegates to the Conven. tion, but { believe It will prove abortive, It eaxcortatnly the understanding of the twent}-two reforees summoned by the House Committes ou the Siate of the Republic, ‘and who agreed upon the Convention bill, that no Usion party should be started, acd the mode &nd moasure of “peaistance”’ pledged tn the bill should be left to the dis- ‘cretion of the Convention. Bat if, in spite of this agreo. ment, # Union party is started in Georgia, I belteve {t will all the more certainly commit the State to recession Further obeer vation has strengthened the opinions ex. pressed to you that Georgia will go with the seceding BSiates, As yot but cne coucty meeting bas declared against sccession—the small county of Taylor, about ity miles eouthwest of this point—while tke others which bare yet spoken have in very numerous mortings al- mort unanimously deciared for it. Samter, which polled 800 votes for Bell, last Saturday ceclared for secession, ouly two dissenting. Tne litle we have heard from up per Gee ja, which it is supposed would be the old of Unionism, shows & remarkable change of opin: Cobb county ceclared for secession unaulinously « fe oNIne Ge ‘orgia Convention is to mect on the 7h January, and thas of Aisb tin, aooording to Governor Moore's pro ‘mise, will be catled for the 9b. Thte ». \li allow a perfect co operation. Bosinere ‘nm Macon remains depressed to ax oxtrsord!: nary degree. Cotton accumulates slowly in the waro- boures at the rate of Gve to seven bandred |) sivs a day, but pet ope baie bas been sold einco Friday last, nor more than three or four bundred withio @ fortnight The barks aro afraid bo discount cotton bills, in toe face of ‘the fact that their money comes right back upon them Plant under & pervous apprebeusion of the conse- qoencea of @ general political disturdauce, turn their crops ints goliand ley tt away for fatare contingencies. Ta thie condition of affairs po relicf 1s anticipated uotil some of the extreordipary penaltics for suspension are removed from the bapks. From Savenoab (hear even worse accounts. A lettor | president of a kading bapk in that city to day says ‘That aii business js suilering uncer @ tutal paralysis Ex- change can be gold on no point, aud cotton buyers bare been compelled to surrender k thelr purchatcs ¢ ehape of bile of lading Be Proposes, as a desperate ¢xpecieni, tbe idea of meakiog i advances planters’ cotton, ehippiog it to Liverpool aud return- jpg them their manufactured supplies, and ihe remainder io gold Tae plan, however, be will practic vie. Beyond @ coudt, unces some relief ad very qatcely, large amounts of mercantile paper must go back to your otty diebonored. Others, whose credit does not hinge #0 closely upon particular dates, CA themeel ves with redection that, let money re be as scarce as it may, it must be ultimately forthcoming for the cotton The cotton must be had, and in due time it will he bought ‘and pold, if the gold has to be bronght across the Atiantis for thas porpoee. Oar prevision and grain men were potiSed this mora- jog from St. Louls that Georgia cretit was w be stopped ‘The fear is we aball get 60 far ou; of the Usion that remit. tence will be imporsible. So be it. I wish the world would stop Southern credits at once ard forever. A planting any 4 like this has no — ” hyd the world ‘& copper, an greates: biessing she could confer on us would be the of credit. A section of country anoually two hundred aod cighty millions in ‘export crops, with the commonest wy a tho ‘world’s creditor, just as casily as the world’s 4 Macom, Ga , Nov, 22, 1860. Passage of the Convention Bill—Bank Suspension—Legis lative Recess— Governor's Recommendation to Choose No Pratdenial Elcctore—Putlic Mectings— Popular Opin- tom— Secession or Toval Surrender, &c. The bill calling a conventice of the peopic of Georgia to copsider the mode and measure of resistance to sectiena; aggression is now a law by unanimous consent The or! gival bill bas been amended as to time, ani appoints the election of delegates on Wednesday, the 21 day of Janu ary next. and the session to commence on the 1T:h of the fame month. The convention will consist of 502 mom. bers, and, without doubt, will embody the best talent in the State The bil removing pensitics for bank suspension wil! all | probably, if it passes, encounter the Governor's veto; tuch, at least, is the rumor, His Excellency ts ® ratical apt! bank man, and especially averse to bank suspen. sions. The strongest privae appeals are, meanwhile, go- ing to Milledgeville every day, and a general ‘‘euspension” among the merchartsand business men ts predicted as the certain result of the continuance of the present state of aflaire a few weeks longer. Nota bale ot cotton is eold, every pecuniary resource of the country is locked up. The groans of the wounded are awful to hear ‘Tho Legislature bas @ motion before it to take a recess until the 234 day of January, to avail \teclf of the light of the action of the State Con rention. Of courte, if the decision is to secede, thore will be no Occanion to e'eot United States Senators, and the appro- Priation billie must be pamed with « view to all contin. hortiy ewspend ite funetions for a season, ‘The Governor sent {pa special message rovommending the Iegisiatare to elect no Presidential electors. The Joint majority of Bell and Dougiss over Breckinridge, ia the State, le shown by the official returns to be about Why of notice, th Is corsainly last Presidente vote bility i2 thata further advance will | By this meaas they | the disvaion question. So far two have deciared against efcerrion Jetlerson county, tae reatdeace of ex Goveracr Johreon, gave @ strong majoi'ty egainet it, The ant. seccasion record, however, is yet Very meagre. I hear al kines of opivions about ult complexion opi- Bion will tare, some en; men predicting that there eacious wil be @ large popular end representatty. seceemion "in the en ction and Convention | ee no reason, however, ta the epinion or! ox- pratensis ts 18,000 majority against to 1860 vastly Countervslauced to the accession of leaders aad Tapk 6ud Ble to she secrssion movement of 1060. Ho Gettnct leeve is mace before the peopie, I think the result wil be s more de~iaively disunion Coovention than would be eiccted ow the original programme of an uncommitted Fepreeectation i tbat body Furthermore, the poly of this State wiil be {oflmenced to a great extent bY the attitude of hor netga- bors, She cennot remain peutral i @ common cause, with Sou:b Carotpa and Alabama on either side of ber in B peettion of autagootsm to the federai goveremect. The policy of & conservative or Calon wajority ia ber Convea- ‘iow, rbould euch be bat. would coubtioss be to posspome action fered attempt to enlist the co operation of the other Southern Stats; put the secession men see tt is Bow or pever, Let them pare this potot of resistance, aad @ total surreuder to a olition'am 18 speedy and inevitable. Our most cagacious men , if the Union surv ves the election of & Disck repunlicsn President, aa taterneciae ‘War is woop the South i» e few years, unless she eots at pation GRAND MASS CONVENTION OF TH PROPLE OF ALL PARTIES—GBOKGIANS, ALABAMAINS. SOUTH CARO- LINAINS— AT COLUMBUS, G4 ,ON SATURDAY, NOVEM> BER 24, AT THN O'CLOCK A M, AT COURT HOUSE SQUAKE—BESISTANOK TU LINCOLN—ANTI-SUBMAB> SION Srraxsne —The following distinguished speakers have erp invited and will attand:—From Socth Carollaa— Hop. Jemes H Hammond, Hoa A, G fon. O. jegrato, @. Memmtoger, From Alasama—Hou Sam's F Rice, doa. Ther. H Watts, fon. Wm. L. Vancey. From Noy yo & Alexancer H Stephene, B A Hill, Wm Law, Thos. 8. Barto: vision wii! be mace for their comfort, ‘Osoxk oF 148 Day —tatute of one bundred gua at nine O'clock es the Court House square. The procession with form at pine o'elook iu front of the Perry House, Order of the procereton—Marabal Music The military of the couny, witt banners. Marshal. Music. Fire Depart ment, with va¢gee aod banners Marehal Masons, Odd Fellows, the revorond clergy of a!l denominations, com- mittees of debates and Correspondence, the orator and guests. Soutuorn Guard, Marshal. Citizens . Temperance Hali bas been secured for the evening, and wil! be nsed {1 case of rain fo the moraing. Come one, come ail Now or never GOVERNOR HERSCHEL V. JOUNSON ON THE RSIS. Ex Governor @ V. Jobes, im responre to aa tovite- © 8 umber of members of the Legis’ature of , publitbes a letter ex: Lhe of whe democersoy, Governor Jobuson 647? — that one aide other was wron, for both coula pr: right to an error of our ow Livcoln Hence, aa we are not eptire\y blameless, it be- hooves Us ty tomer cor exasperation by calm reflection and prudent covnrel ty action {s alwa ss unwise; it ia evperiative folly «ber prompted by passion for which our own fuaiseretion bas created the existing oocasion. But “el tbeceat vay thetr dead.’ Let the conflict throogh which vc buy just psemed, pith all 118 arerbi Bnd rencor, be constyned to oblivion; aud animated wit P OeBire LO FeRCUe Our COnutry from impending let us take covneel with each other, as feuds weitie ns whose interests and destioy are one, Ido not think the election of Lincoln a sufficient cause for eeceesion No mau deprecates it more than! do, None is more tmp! acwbly bupti’e to the avowed privciples and pelicy of the republican party. I trast I om so :00@ to be coe ID oo thlelitgent devotion to the rights and bonor of the South But he is legitimately elected— elected in rtrict accordau-e with the constitation, aad, therefore, bets eticklers ovrseives for conformity on the part of others to the coartitution, Ist vs practise our pre- cept by Observing tton our park If he obeys the coa- etitution in bie acminictration we shall have euifered no injury by bi« cleetion; tf be violates it by aggroseing upon our rigbt#, we witli resiat !t, aod the juetico of that re- etetance will rally the unite bearts and bands of all trae airiots, Bat tt ts contended by many that we must antict aggrestion—assume that it will come, and secoae the Colon immediatey to avold It. Ido not approve of such a course. Bot"acticipating that it may como, pra- dence suggeste that we begin at once to prepare to re- let it. I believe, however, that, under the existing circam- Stances, it’ canpot come. The President is poweriees without the coveurrence of both houses of Congress But je bell evi - We aro therefore inded' for our signa! defoat—it elected both are known to be opposed to the federal aud policy of the republican party. How ts it possi thea, for I 'ncol'n to commit any ion uoon the South? Be caon“t organize bis adm'pistration the approvs! of the Senate; no measure can be ado; wiibout the action of ‘ss. He can donothing of bimeclf, He is at the mercy of Congress—au' to its dictation—ns powerless a3 Samson ehorn of locks. Theretore, when it is asked, wil! you submit to the rale of Lincolo’ | reply no; I em not under bis rule, but under tbe rule of the government whose ve department it known ts de friendly to the copatitutional rights of the South. He is ore who is under rule—bound ano apd foo. I bid bi lefance while thus bound: if the ccmplexion of Corgrers sail change to that of hostility to ay section, knock «ff his fottere and violate our rigoie, I will defy them ail; and if I caunot obtain redress tp the Union, then, trusting to the reserved sove- reignty of the state, I wiil strike for separate iudepen- dence out of the Union, Bet the South bas grievances of which to compla'n far Mor galling than tne bare electim of a republican to the Presidency. The surrender of fusitive slaves is a constl- tutional obligation up m every State in the Union With. out such ® guaranty the Uaion would never hare boos formed, It carnot long survive tt# Coatiqued aud por tistent disregard by the noo siaveboldicg States Tae violation of it, by some, commenced almost simal- taneously with the aboiliti agitation. Itbas “ growa With its growth, and strengthened with ius atret until now, tn defiance of federal onactmmeuts, a rosjority those Siates have passed rtriogent laws to obstract aid bincer she eS Se slaves. True, the cottoa States have vot # very considerably on this eoore; the evil neceetarily falls mainly upon the border States. Bot ol) the slavebol ting States have felt, and do now keenly feel, this todeity of their Northern sisters to their play copettotionsl ob igation They have said bat litte, bowe ver, they have submitted to it aimoet with- out complet Acidet the almost comixed evi! which I spprebend from tho election of Lincoln, I eee one gx0d result, and that i#, the awekeuing of the South to these great grievances | They ougat not tobe permaveatly #a>- mit to, bat promptly recressed, upon the nattea de- mand ¢f the Sousn. Lei the appeal be made to tne dolin- queut States, Governor Jobpron then refers to bis previous opinions on the position of Georgia, and concludes at follows — There were my opinions as to the proper course for Goorg'a to adopt ip 1860. As faras they are ayplicable to the present crisis ( weld advise their adoption uow, Then | wou d way -— 1. Let shit Legielsturs call @ Convention of the people, at such time ae may be Ceemed most convenient, to com- Pricer and determine what the “tate ebould co; aod also, in the meantime, put the State in a condition to meet aay emergroey. 2. Let thet Convention reaflirm the ‘ Georgia Piat- form’? of 1860, nod demand the repeal of ali laws passed by apy cf the pon elarehoidirg States, which obstruct the execution, in good faith, of tbe act of Congress for the Fendition OF fugitive alaves 3B lett Bvention appeal to the Northorn States to suppress by a!l jeg'timate measures the slavery agita- tion ag subversive of the peace and fraternity between the Sates of thie Union 4 Let that Convention ask « consultation with the other Southern Siaver, eltber in & for that purpose, or ip toch o ber manner as may b: dest calculated to secure concert of ation L repeat what I said wm the letter alladed to: — ‘Ae to the mears & douthera ought be presumption Ia me enforce there tons, it to ventore a roggestion =| prefer father to stand mute detore the wirdom 0” ite counsels and bew eudmissively would the patriotiem, the intelligence and firm resotve of the South, would be pots ot to save tue Usioo aod awe ken tbe Northern @iates to the canger with which thee mlrgai¢ed fanaticim bas imyeritied it. Trhould bepe that a firm end earrest South to the Nurthera States would be , toat they would, under a sense of coretitutional obligatica, repeal their “Persopal Liberty bills,” and cease to surrender of eee ae vine tet 4 continued pereistot cisregera of our ‘the pon siaveboiding Siates cannot and eobmitted to. It is time for the South to iH i ? F i iff pi z 3 z ES Doe will sibmit to be ent of hy yw from tercourse with a riave holding Stave ia thelr midst, ment ie tho world Over for tbe aad