The Daily Times.
Liverpool, Merseyside, England, 1861-01-22 00:00:00

Mr. Lincoln than this appointment pf Simon Cameron.
This preparatory reconciliation is forcibly suggested
by the necessities of the 'day. South Carolina has
seceded; Florida, Georgia, Alabama, and Mississippi, it
is expected, before the expiration of the present month,
will have followed her example. It is also apprehended
that this revolutionary policy of South Carolina, if thus
strengthened, will draw into the same movement all the
other Southern States before the 4th of March, involving
a threatened state of things well calculated to challenge
the immediate and salons attention of all interested in
a peaceable commeneemerit of the incoming administra-
tion. Hence these Cabinet indications from Springfield
in favour of a compromise.

And why should the Republican party in Congreii
hesitate in this matter? The concessions demanded by
the South involve no sacrifice of Northern principles
worth a moment's consideration ; for if the Missoui
dividing line be adoptedj or if slavery be adopted in all
the territories, or if they all be admitted at ate as sin.-V6
states, the inexorable laws of climate, soil, and emigras
tion will ultimately establish their supremacy. Nor can
we understand why there should be any difficulty in
revising the l'ugitiie Slate law to the satisfaction of the
Sodth, or why the Southern ila+Clididet,ebottld not be
allowed a margin of six or nine months' sojourn, 4itii hii
slaves, on a temporary visit to a free State, or while on
a journey through it. This privilege has existed hereto-
fore in New York, and we believe that Mr. Seward's
name is ditidtigSt its advoeates. In a word, the demands
of the fidiith tin th 6 131tiveitijdestloti involve no difflcula
ties which the Republican party iii bengleti tilat ftttt
overcome within the next ten days, if they Cali dnlv 11
brought t 9 § 991nroon-sense understanding of the subject,
But we are told that these suggestea "concessions to
the slave 'power" will be the certain destruction of the
replfbliiati party-,--thut the public opinion of the North
will feimit agaitist such tfbadhefy. Our gtistet is, that
this is a very Contrabteci view of the subject. How
stand, thb prides of the iiioent day ¢lt was shoWn by
the eleCtion of 1856 thai the democratic party would; it!
all probability, be borne down by the republican tiauty
in 1860. The politicians of the South began accord-
ingly to prepare for a revolution ; and, to bring it
about as SOdll as possible, they planned the dissolution
which was brought upon the democratic party at Char-
leston. In this work Messrs. Cobb, Floyd, and Thomp-
son, of . Mr. Buehanates Cabinet, with :many other
leading Bouthetti then, *de active agents: their object
was; thiptigh.the blebtion of a iepublican President, to
pfebipittit6 the Coittin States into a revolution," which
would enforce a fedoilatilietidii 6t the gevernment and
of parties, which would restore the Southall PtatCa td
something like the position of power they have lose-
inside or outside of the' Union of 1860.

The Republican party, however, may take this work
of reconstruction into their own hands if they will, and.
in liberal con Cessions or 6outhern abstractions may not
only save the Union, but establish thettiseiVes lit tibiiiref
fer tWeiity years to come. This policy might cut Oft
from the party its radical anti-slavery element of two
or thrte hiintiketl thoiland fanatics, and it might ',Poly)
the loss of the tngland tateg. All stith
however, would be amply compensated in the gain of
Northern Conservatives in the Central and Western
States., and in the acquisition to the Border Slave States.
The initiative Cabinet selections of Mr. Lincoln look in
thiS direction. Let the Republican party in Congress
att accordingly, and at once; and in saving the Union
they will save the incoming administratibn, atid make it
a great success.

The secession cause in South Carolina, Georgia and
Alabama, seized upon by the mob, is being pushed to
excesses which are offensive to sober-minded Southern
men, and uniting the people of the North for the

Union. This condition of things offers a great advan-
tage to the republicans in behalf of the 'Onion, and they
should seize upon it without delay.

COTTON.
(From IV. P. Wright 4 Co.'s Circular.)
New York, Jan. B.—There is no abatement of the
excitement in politics. Affairs are more and more
complicated. The events of the present month are
looked forward to with much uneasiness and anxiety.
There is rather more difficulty in negotiating against
cottOri riot already at sea, from Savannah as well as
from the Gulf ports. The apprehension of short export
from political causes seems to here taken hdld of thti
public mind here and at the Soiitb, and caused an active
demand for export with a further considekable advance
in price. Our own spinners have been heavy buyers .
this market during the past week, in consequence of the
news from China, and the difficulty of negotiating fof
purchases in the South. Crop views are lower than
ever, based partly on the present large deficit in receipts,
but chiefly on the facts as realised in comparing indivi-
dual crops this year with last. Freights are higher. and
may be quoted in Savannah at d ; Mobile, 11-161;
New Orleans, 11-16 d to id.
In this city we have had a very active demand on each
business day since our last circular. Cottons on the spot
have been taken as fast as offered by domestic consumers
and to a fair extent for export to Liverpool, Havre, and
the Continent of Europe. Prices have advanced lc per
lb. on grades above middling, and lc on middling and
the grades below. The sales for the week have amounted
to 16,000 bales. The clearances same time have been—
For Liverpool, 7,781 ; Havre 1,657 ; Antwerp, 469 ;
' Hamburg, 201 • Amsterdam, 24. Total, 10,132 bales.
By telegraph the following has been received:—
New Orleans, Jan. s.—Receipts for the week, 57,000
bales (net) ; same week last year, 65,500 bales. Sales
for the week, 76,000 . Middling, 121 c per lb. Export
for the week—to Great Britain, 26,000 bales ;to France,
5,000. Stock on hand, 354,000 bales. Exchange on
London, 101 to 104- per cent. Freight to Liverpool,
Id per lb. P.M.—Market firm, sales to-day 7,000 bales.
Freight to Liverpool, 11-16 d per lb.
Mobile, Jan. s.—Receipts for the week, 18,500 bales;
same week last year, 35,000. Sales for the week, 22,000.
Middling, 11 ic per lb. Export for the week to Great
Britain, 6,000 bales. Stock on hand, 148,000 bales.
Exchange on London, 102 per cent. Freight to Liver-
pool, 21-32 d to 11-16 d per lb.
Crop.—We have particulars of results from many
individual planters of this year's crop compared with
the last ; the facts thus ascertained are creating an im-
pression that the crop may not even reach 3,750,000
bales. We wish, in giving this as a prevailing opinion,
to be understood as not endorsing it. We think it is
quite possible the heavy deficiency in receipts, present
and prospective, has some effect in influencing public
opinion on the crop question, a large portion of which
ought to be charged to the unfortunate political position
of the country. Much will depend on the action of the
States in convention during this month, and the mea-
sures subsequently adopted by the Federal Government.
Hopes are still indulged in some quarters of an amicable
settlement by mutual concessions.
Receipts—For the week 111,000 bales, against 158,000
bales last year, 150,000 the year before. The total
deficit, as compared with last year, is now 571,000
bales ; next week it will be further added to by about
50,000, making a total for the week ending here on the
16th instant, of 620,000 bales.
Exports—Are smaller than in the corresponding week
last year, to all parts. The deficit to Great Britain is
now 148,000 bales, and to France 36,000, while to other
• oaapof only 4.009 hales.:
The stock on hand is somewhm, largPr this week.
The following is a statement of the movement in
cotton since the Ist September last, as compared with
the previous four years :-
1860. 1859. 1858. 1857. 1856.
Rec. at'Ports... 1730,000 2,301,000 1,931,000 1,145,000 1,611,000
Ex. to G. B. ... 754,000 902,000 586,000 360,000 342,000
France 189,000 225,000 264,000 131,000 155,000

~ other F. P. 108,000 104,000 155,000 93,000 105,000
61;ooteakl Eoxnphoarntsd 1600571:000000 1,929301:000000 1.070750:007e
558674:000000
766002;0001
Of which, during the past week, included in the above :
Rec. at Ports ... 111,000 158,000 150,000 94,000 125,000
Ex to G. B.
„ France
„ other F. P 16,000 13,000 23,000. 9,000 7,000
Total Exports • 79,000 122,000 87,000 55,000 51,000
Summary. -Receipts : Decrease at the ports compared
with last year, 571,000 bales. Exports: Decrease to
Great Britain, 148,000 bales; decrease to France,
36,000 bales ; increase to other foreign ports, 4,000
bales. Total decrease in exports, 180,000 bales.
Freight: To Liverpool, for Cotton, 6-16 d to :d per
lb., and to Havre, lc.
Exchanges : On Landon 105 to 1054 per cent., and
on Paris .35 to 5.424.

LIST OF PASSENGERS PER R.M.S. CANADA.—From
Boston : Mr. F. Easton, Mrs. Easton, Mr. William
Henry Moore, Mr. W. D. Pickup, Mrs. D. S. Wallace,
Mr. J. M. de Carvalho, Captain John. Codman, Mr. G.
H. Carvalt, Mr. T. S. Shepperd, Mrs. Shepperd,
Messrs. John P. Wall, John Paterson, G. W. Wealy,
Walter Tupts, A. N. Jones, R. C. Gilchrist, Francis
Berton, 0. B. Gallup, E. R. Emery, B. B. Hughes, G.
Bates, Mrs. Lesser and infant, Messrs. A. Court, T.
Russell Lee, Vom Praag, Jonathan Gibbs, J. G. Ander-
son, John Howell, Joseph Webb, J. G. Sterny, Defer,
Father Kemp, Mrs. Kemp, and son, Miss L. Kemp,
Mr. J. W. MacPhails, Mrs, MacPhails, Mr. J. Nichols,
Mrs. Nichols, Mr. Robert Greene, Mrs. Greene, Mrs. E.
J. Reede, Mr. A. Owens, Mr. E. H. Foss, Mr. L.
Blanchard, Mr. R. B. Blanchard, Mr. A. C. Ryder, Mr.
W. S. Dumbar, Mr. F. Conart, Mrs. Conart, Miss A.
Finlay, Miss A. Owen, Mr. H. G. Fields, Mr. W;
Mansfield, Mr. 0. M. Churter, Mr. W. S. Sears, Mr.
Bacon, Mr. E. Holmes, Mr. J. Balmass, Mr. R. N.
Temple, Mr. E. Mitchell ; Consul Passengers—Thomas
Corbam, Thomas Meny, Joseph Farron, Angus Welsh,
Benjamin Robinson, James Wilson, John Greenab, '
John Dugan, C. Bunssier, C. Moiwlain, E. Barlow;
Mr. D. A. Randall. From Halifax—Judge Bliss, Mrs.
Bliss, Miss Bliss, Mr. Doyle and lady,. Mr. Smyder,
Mr. W. A. Deblors, Mr. J. L. Dunn, Mr. E. J. Kenny,
Mr. R. Uniache, Miss Dawson, Hon. W. Phipps, Miss
Bonham, Mr. Forsyth.

FEARFUL EXPLOSION OF POWDER.-011 Thursday
evening, between five and six, an explosion. occurred at
a smithy at Login, about a mile and a half from Car-
marthen, on the old Swansea-road, whereby the old
building was blown up, and a man and boy dreadfully
injured. It appears that on Saturday last two persods
connected with some coal pits in the neighbouihood,
called at the forge, and desired the smith, Joseph Tones,
to keep two casks of blasting powder until it was sent
for in a day or two. Jones acceded to the request, and
placed the casks behind one of the furnaces of the forge,
expecting they would soon be fetched. On Thursday
evening, however, the two furnaces were as usual at
work, under the superintendence of Jones and his son
David, a lad of sixteen years, when the casks of powder,
containing 501 b. each, packed in sacking, exploded
almost in the face of the poor boy, burning him fright
was split in the centre, and the two parts
fully about the upper part of his person. The roof of
the building
hurled to a distance of thirty yards into the roads on
each side of the forge, rendering them perfectly im-
passable. The walls were also blown down in all
directions. The old man, who was working at the
furnace, was struck in the back by a heavy grindstone,
fixed in the ground, which was rooted out, and which
injured him severely. Strange to relate, he was not
burnt. Mr. Rowlands, surgeon of this town, was im-
mediately sent for, and he soon arrived, and applied
every means to allay the pain -of the unfortunate
sufferers.—Carmarthen Journal.