The southern press., 1851-05-10
SECOND DESPATCH.


SECOND DESPATCH.
After further debate to-day, the address and
resolutions reported by the majority Of the COM
mitfee, were unanimously carried They de-
clare in favor Of secession at future day,
whether the other Southern States join in the
movement or not, regarding their cooperation
not worth the cost Of submission. They further
declare secession as necessary to the sovereign
ty OF the State, and lock to the legislature to
assert it's power. The convention then resolved
itself into central association for the State
and appointed central State committee Of
nine.
After prayer, a motion was made to adjourn
sfssc tis, and tho convention a-vvrJiugfy dissCiy-
cd. The most intense excitement prevails.
PrrssuRG, Mays.
RS. Bennett, stage driver, was arrested by
Shallcross and Otinger, post Office agents,
charged v;41 -obbipg the U. s. mail on the AL
leghany no.. He was con- mitted to jail
The weather continues very pleasant. There
is seven feet water in the channel, and the river
falling.
BosToN, May 9th.
T. B. Smith, the colored man who was as
saulted on "Wednesday night, was again attacked
by some seven or eight negroes, who were lay
ing in wait for him, and badly beaten. Much
excitement prevails on the subject, and several
arrests have been made.
New YoRK, May g.
The steamer Hermann, from Bremen, and
Crescent City, from Chagres, arrived here to-day.
The latter brings no gold on freight.
ARRIVAL OF THE STEAMER EUROPA.
SEVEN DAYS LATER FROM EUROPE
Anticipated Crisis in France-TAe Markets--
Panic in Cotton, dc, DC, dc.
NEw YoRK, May 8.
The steamship Europa arrived at an early hour
this morning from Liverpool, whence she sailed
on the Goth Of April. Commercial adyices ara
important.
The political news from England is without
interest. From the Continent there is nothing
important beyond an anticipated ministerial crisis
in France. ah
In Liverpool and Manchester, Capt. West, Of
the Atlantic, has been Toasted at number of
public banquets. The gallant Captain has also
been the guest of Mr. Haywood, the eminent
banker and member of Parliament from Lam
cashire.
THE MARKETS.,
AA'LhIooLs lApiH @Otu.-i SHuduh, HOul
Boston, arrived on the evening of the 2lst, and
the accounts by her not being confrmatory of
| the short crop estimates, complete panic has
| taken place in Cotton. Holders have lost all
confidence, and are forcing their stocks upon
the market regardless Of price. The decline In
American descriptions is fully three-eights. and
in several instances further reduction has been
submitted to.
The sales of the week have been 2s,770 bales,
Of which spectators have taken 2,70O and ex-
porters 1850 bales, The official quotations,
which must be considered nominal, are rs fol-
lows-fair Orleans IT fair Mobile 81 fair Up
lands 81; middling 81 81 and Std inferior
and ordinary Gid, 81 st and 6dper ID.
The stock of cotton in this port il $4,000
bales, Of which 49,. 1000 bales are American,
against stock at this time last year of $40 600
bales, of which $4,000 were American. Trade
in Manchester has been dull and the prices of
yarns.and goods suitable for export have been
lower, whilst there has been more doing in goods
for home consumption.