The Arkansas banner., 1849-07-03

ehef oi the two organs ol ms eaonet now puosisheu l n this city. OBSERVER. From the Charlestoa Mercary. a To the Hon. F. Hh. ElfnOFe. ss 2. 'a SlR: AS you have been appointed chairman of the executive committee of five by the convention which recently met In Columbia, trust tat shall
 se excused for ventaring te address you, ihns pub Iiely. on snbiect Of vital ipterest to inc whole South. It is not in the vaia hope of being able to suggest tc one of your political experience any new plan Of operations which you may Aot already have conceived; bat that the people may be brought seriously 1e reflect upon the immediate and remote consequences of halfway measures to recover and perpethate the most glorious Republic which ever shed lasfre on the world, or emaaatcd froas the virtue and wisdom of sages. s sz48
 That the planters. and especially the cotton plan
 ers of the old slave States of this confederacy do not realize the lawful interest upon their capital tall things eonsidered) no one. who has any pTac tical kpo wledge of pisnung, will deny. Then shat has kept up the price of negroes! Tn TO are many minor causes; among which Is the common practice of batting slave property under trasts and
 limitations, having the effect Of keeping thousands ont of the market, But the principal cause is the fact of large bodies of government land, fertile and cheap, remaining to be taken up. where the plaii- tcf can make mouey ut the minimum prices receiy- ed for cotton. Now, as the best portions of these
 lands have already passed into the hands of private individuals who have either subjected them to the exkausiing system of southern agriculture, or as tspeculatsrs, arc holding them out of the market for higher prices, may reasonably look, before long, for material depreciation in the prices of negroes; unless the increased supply shall find the ordinary and accustomed vent, in the southern ter
 ritories belonging the United States. If slavery
 Is to De edged in within the present. limits by ihe action of the General Government, not many years
 will elaPse before slaves in the older States will al H. n..a California could be adnniIisd slave State, might
 not reasonably hope that ths value of our slaves
 would be enormously enhancedT
 It may ts said, then, tfIat emancipation Is as sure to taks placs as effect follows cause. The
 " ilmot proysos or some kipdred measure, will ces-
 tainly be enacted by Congress, or if not, what is equally as 6estructive to our interests In California being settlsd Ky foreigners and aboiitiohists. who will bring hei into the Uaioa as an antislave State
 There can, be no doubt that the North will sec cure one of these .nds if she Is permitted to do 50 by the South. And what, sir, E the measure conteul- pisted st the South te prevent event full of peril to tho Iterests of the se,heFn eoplel 1t is disunion. 1bis Is the remedy waich Is tD heal the disease of the body potic Not tie ms 70 threat of disuRon for shis device would be easily penetrated by northern sharpness, aud they would coniemn thoss who coald in no other way defead themselves from aggression. And what, sir, would be the effect oi disa aion upon the matter In controversy lt seems to ne that the bone of contention would still remain. By he Constitution, by conquest, snd by the principles of eternal justice. the South is entitled to iIf or nearly haf the territory con quered from Mexico.
 Win the me,e disselutios of the Union secure us that posisienf If 1t 4wii. say sn,ea io dissnion; if not, why skali we not svek for other and morc efficient reme@icsf 1 apprehend that these who propose disanfsn, If they nsean anything more than aH idle threat, to 70 under tho mpression that it will put 1t beyond the power of Congress to legis late for the future the subject of slavery. Be so. Then dlsuaion Is rather preventive of anti cipated evil than remedy for existing disease. What we 6ssirs Co cure is deadly mslady already developed, and rapidly hasening 10 its catastrophe. If. sir. the South suffers her territory to be over run by foreigners ahd abolitonisss; If she saiIers the Wilmot prsviso"---a nofthern bravaao ito gives up the whole question. Sbe is defeated; and not only submits 10 be swindled out of her terri tory, but she also submits to measafes positively charged with all the evils of ultimate abolition. aud skalks into the sabiaEfnge of throwing the respon sibilities off her own shoulders upon those of her posterity. AAd Is there no effective way of pro ceedngf If. apoa tho prisciple that scif-intsrest is the lever which moses the mass of mankind, eaeA dave State shali but provide the uansports- ton of all southern men who will volunteer for California. you would soon have a population there which would make, themselves felt d she hallot box; and in the coapcils of that country wsuid aDlte for mutual protection. Abclitionists, with tho rest, would buy slaves as the cheapest method of getting al the gold; and 1t would ultimately be. come the richest slave State tn the wusdd res sg But, srs trust that wa all have too high an opinion Of our countrymeR, 10 think that they will bs capable of hoidiBg np their children between themselves aud danger. They know thal thss aues- ton Is Co be met and that with sseady ains. Tao signs of the times clearly indicate that the whole of Europe is to be rePablicanised The divine right of kings" Is universally repudia,ed And. ss fanatscism is the cancer which grows en the bossm of liberty. the first step taken by the new born republics, experience shows, will bs the sn,an- eipaiion of slaves ia their colonies.
 The Worlds Consention of abolitionists will keow when to take advantage of the tide of enthu- siassn to sepd crusade against our institutions and sEmies Of fanatics of every cline aad con- psexioa will march against us, with absolaiion in their pockets. The battle is to be fought and, for us, the sooner the bettes, because we are growing weaker and our enensi~s stronger. Then ist Us make the issse in CsIifotnia. Some may consider the course recommended as rash: but, what k more rash than q dissolution of the Unions Let CaliIsrnia bs tho theatre of action instead of the old States. Some say 1t smells leo strong of snn- powder. To all snch. ! say, 70 ta the rravss of your BsrLEa and DlcK,Ssos, Invoke the slsdss Of those departed heroes, and commune Sth the spirit ef your brave Paimestoss. Then, | know. the wxschwofd will bs. z eisaa up your sasss ssa~se a OLD MuSKET."
 OJ- In rvferepcc se tho project of annexing Can 1 ,da to the United States. which l. agitated in