The Daily Times.
Liverpool, Merseyside, England, 1860-08-07 00:00:00

have dealings with Southern traders are recom-
mended to close up such affairs as sOoti as possible,
I!o]ders of Southern State railway or city stocks,

Or securities of the general government, are

earnestly advised to realise tpoti them at once.
Bankers at home and abroad are warned to pre-

pare themselves for the inevitable panic in finan-

vial affairs.

" This Union" says one of their own

legislators, "is just as travellers tells us many

Eastern habitations are : a palace to look upon ;
all fair on its outside, and presenting the appear-
ance of a house that should last for generations ;

but the master puts his walking-stick or his
boot-heel through the rafters, and he finds that the

white ants ha.'C-e eaten all the substance out of the

timbers, and that all that he sees about him is

a coating of paint, which an intrusive blow may
disperse in a cloud of dust. The skirting boards
have already perished, the rafters are now ready

to tumble in." Another authority asserts that

" already the cotton States are prepared for revo-
lution. The piece is loaded. The torch is lighted,

The cannonier stands by his gun waiting for the

fatal signal." Are we to believe, then, that this
great Republican Union is an utter failure as a
form of popular government ? Is its short-lived
prosperity already on the wane ? Having reached
and passed the meridian, has it now only to look
forward to an evening of degeneracy, and the
closing-in of a rayless and hopeless night of poli-
tical decline ?

The " stripes and the stars" of the American
banner fitly represent the antagonistic principles
which seem about to tear that proud emblem of
unity in twain. The blood-red stripes ot the
Southern bondmen have not appealed in vain
against a forced and unnatural union with the
bright stars of liberty and equality in the North.
The star of freedom is in the ascendant ; and the
slave-owners would seek protection for their
unhallowed traffic in revolution and disruption.
Darkness gives way before the light. Slavery is
a distinct article of the federal constitution of the
United States. It is embedded in the very founda•
tions of southern industry and society, and it cannot
be overturned without producing universal confu-
sion, especially throughout the States of South
Carolina, Florida, Alabama, Louisiana,' Texas,
Mississippi, Arkansas, Tennessee, and Kentucky.
Against this system of slavery the North has
waged, and now wages, an unsparing and success-
ful warfare. It has not, nor is it deterred from
the execution of its mission by the fear that
society will be dislocated, government destroyed,
and probably ruined as effectually as if an earth-
quake had shaken and upheaved or a deluge
submerged the soil. The immediate issue upon
which this contest depends, is the election, in
November next, of a new President. • Mr.
LINCOLN is the choice of the Northern- Aboli-
tionists, and Mr. BRECKINRIDGE that of the
Southern slaveholders. The victory of the for-
mer is generally looked upon as now certain ; in
which event the latter and his party will retire
from Washington to Richmond, and organise
there a United Southern Republic, with BRECK-
INRIDGE as its President. There seems really
nothing to prevent such action on the part of the
South, and there seems every reason to believe
that it will take place. That the conse-
quences might be exceedingly disastroua-,
who can doubt ? But what of that ?
Magna est veritas et prevalebit. If slavery be a
crime which fills the land that tolerates it with
cruelty, immorality, and barbarity ; if it morally
outlaws all who practise it, and dishonours the
flag of any nation in whose constitution it is an
element, shall it be permitted, for any temporising
considerations of • expediency, to remain a blot on
the escutcheon of an enlightened people whose
eyes have been opened to the enormity? Fiat
justitia runt embli! Come wreck, come ruin, let
the bondman go free ; or let his blood be alone
upon the heads of those who despise the voice of
humanity and of reason. England has nobly
Washed her hands clean of this degrading traffic
in human flesh. ft may involve our American
friends in no trifling sacrifice to do the same ; but
with the consciousness of rectitude on their side,
they need not fear to encounter it. In England,
the land of liberty, where every man may lift up
his eyes and his hands to heaven, and feel that
he is as free to think, speak, and act, as to breathe
the *air which surrounds him, shall we not
appreciate the inestimable blessings of our lot,
and cast one lingering, hopeful look of sympathy
towards Alabama, Tennessee, and the other
benighted regions of the Southern States ; and,
so feeling, shall we not shout across the billows
of the Atlantic an earnest word of encouragement
and exhortation to the men of the North to break
the fetters of the slaves in the South, and set
them free, or for ever to cast off from the Union,
as unworthy of them, those brutalised men who
have rivetted irbris on the flesh of their unfor-
tunate, but, in the sight of heaven, equal fellow-
men. In the name of ' heaven-born freedom,
then, of which we are the heirs and inheritors,
we say to Mr. LINCOLN and his supporters, with
all our heart, " God speed "
ss

FOREIGN INTELLIGENCE.

(FROM OUR OWN CORRESPONDENT.)
FARIS, Monday Morning, August 6, 1860.

You will no doubt have seen ere this reaches
you that the telegraph has confirmed the state-
ment to which I alluded yesterday, of the pre-
parations which had been made by the Gari_
baldians for a descent upon Calabria. I have
long foreseen, and have uniformly maintained,
that the successful deliverer of Sicily from the
iron yoke bf its oppressors would never stop tin
he had at least made a similar attempt to extin-
guish the last remnants of tyranny at Naples,
and render a return to absolutism there impos.

sible.
I mentioned in a previous letter that the Cala-
brians had sent a deputation to his Excellency
begging him not to delay to come over and help
them ; and he has been able so far to comply
with their request as to despatch, under the
command of one of his lieutenants, an advanced
guard of 1,500 volunteers, who have effected a
safe landing at several points on the, coast,
near Reggio. Garibaldi would no doubt have
rapidly followed in person, as the Neapolitan
Government, on being apprised of the intended
descent, instantly Ordered a considerable body of
troops to proceed to the menaced locality; but he
has not felt himself at liberty to refuse .the
superior claim on his personal presence of the
National Committee at Naples, with whom he has
. _
been long in correspondence, and who only waited
to send for him until affairs were so far settled in
Sicily as to admit of his leaving without any
misgivings. This committee has solicited him to
come to Naples at once, and take the direction of
affairs, and he has complied with their request.
The history of William the Third and James the
Second has, therefore, by this time, been repeated,
in all probability. Garibaldi enters by one door,
and Francis the Second steps out by another on
board the Austrian frigate which, with prudent
and considerate foresight, has been placed at his
disposal by his cousin the Emperor Joseph; and
if so, there will be no longer a Bourbon rei •
gning in

Europe.
If the fortunate revolutionary hero could be in
two places at once, he would, doubtlebs, be found
also in Rome, or in its near vicinity, at this
moment, where his appearance would net be
unexpected. This would speedily bring matters
to a crisis with the commander of the French
troops in Rome on the one hand, and with
General Lamoriciere on the other; but whether
it would also have the effect of cutting, once for
all, the knot of the Italian qUestion, is a very
different matter.
Thie . Panic chanticleer is crowing loudly and