Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1858-06-04

souTHERH sEcEssIoNrsTs AND THE
likelihood s0C EEs
We clip from the editorial column Of the Rich.
mond South one Of the ablsst and most spirited
Democrat papers in Che Union, the following just
and vel timed rsbuke 20 the extreme opinion q
some Of our Southern friends
REMOEsrAHcs AGAINST THE CoURsB OF THH
Souri, "a couple Of infammable correspondents
from Alabama have written as angry letters Of
monstance against our position on the Kansas bill
and the revival Of the slave trade. The incident
affords opportunity to assure subscribers that
they liberty 70 quit this paper whenever they
settle their accounts If they be Of opinion that
difference between an editor and his readers on par
ticular points Of policy is sufficient pretext for an
exhibition Of III temper they may crafty their re-
sentiment in their own way. We have no desire to
address ourselves to an individual whose mind Is
capable but Of q single idea, and whose concen re-
fuses indulgence to any thought beyond The range
Of his own narrow vision. Next to a born simple
ton We have the greatest aversion for an neorrigi
bic bigot
The petRlant expostulation Of our Alabama cor
respondents suggests the proprieiy Of another ex
PLANTATION, which We intend to give in the feWest
words and the most candid spirit.
The pECap eelQS OF paper declared pies
in explicit language. Whilst ii recognised supreme
obligation to the interests Of the South, il aVoWed an
attachment TO the Democratic party -an attachment
subordinate only to a paramount sense Of devoi ion
to the rights Of the ssvehOlding States In respect
Of policy have always inoueated the necessity Of
union among the States Of the South, as essential to
the protection Of their rights in the Confederaoys and
to the exigsncies Of independent existence when
the action Of the Federal Government shall impel
them to secession.
Our Aiaba9s correspondents impiy that in accept
ing the Bill for the admsGion Of Kansas and opposing
the policy Of revival Of the Slave Trade The
South has betrayed the principles and renowned
the purposes Of its establishment. Is there just
ground for the imputation2
The bin faP the admission Of Kansas came to Us
with the endorsement az every Southern vote in
Congress with two exceptions in the House of Repre-
sentatives, 1t was recommended by the no less
decisive attestatioD involved in the unanimous oppo-
stion Of Abolitonists, spesate Democrats, sndfsee
soil Know Notbings. The bill was intro 5uesd after
q six months struggle had shown that the South
would be defeated in its original demand. The
Senate plan for the admission Of Kansas had mis-
carried By vote which it was idle to resist Under
these circumstances the Committee Of Conference
framed blu which recognized the validity Of the
Lecompton Constitution, and WHICH provided for
the admission Of Kansas the moment she should
signify her abandonment of a condition repugnant
to the feelings of the South and incompatible with
the principles Of justice,
When the measure was presented to us with the
sanction Of an almost unanimous Southern vote, and
with the intrinsic recommendation Of an aeknoWl-
edgement Of the Lecompton Constitution, unencum-
bered by the ambiguous phraseology Of a Green
provsO we did not hesitate 10 support it as an &C
ceptable settlement of the Kansas diligently. We
seek shelter behind no mans authority; but if We
wanted support in our POSITION the concurrence Of
seventy-odd such champions Of the South as Ham
mOnd, Hunter, Davis, Clay, TOombs, Shorter, Ste
phens, BooOek, GarHett Keitt Craig and Barksdale,
would suffice TO vindicats from the suspicious Of
our Alabama correspondents.
We can understand Why particular class Of DO
icans in the South should not he content with the
adjustment Of the Kansas controversy. As they
are only anxious for pretext Of secession, they
may consistently denounOe measure which satisfies
the scruples Of the South. But, We have other
views of policy andsincs in opinion The union
Of the slaVeholding States is essential their seour
ity, we rejoice st the settlement of an Issue which
would have distracted the councils and paralyzed
the energies Of the South.
In regard to the policy ofre establishing the slave
trade, our position is determined by the same con-
Germ for harmony Of feeling and unity Of action
among the States Of the South No argument is
necessary 10 prove that the agitation Of the meas.
ure viii divide the slave holding section. The fact
Of division in the South, provoked By the attempt
to reopen the Slave trade is alresdy existing and
palpable to observation. persistence in the en-
terprise will only have the effect to widen the |
breach, and ultimately to produce an irreparabls
schism among the slave States. This catastrophe /
would be fatal to every hope of Southern indepen-
deRce, and for that reason it is incumbent upon /
the statesmen Of the South to cultivate sentiments
of confidence and good feeling among the slave
holding community. For our part, We are not in !
sensible the obligation and we intend to discharge
to the best Of our ability, without regard to the
intolerant opinions Of any little clique that may
affect exclusive solcituda for the rights Of the
South. We 10 be trEe 70 letter and the spirit
Of our motto and the States Of the South are /
exposed to q common peril, so are We resolved to /
nculcate the necessity Of united effort in order to
realize q common safety.
THE EXCHANGE BANK-THE MESSRS. |
SPENCE PAYING OFF THEIR LIABILI
TIES,
The following extract is from the M1rfreesbOrO'
Nss0S:
The EXCHANGE BAEK-The investigation now |
going on in Nashville, in which this institution, I
the holders of its and the people Of the State
generally are interested has not yet been eOmlet-
ed. VIM. and j. Spence we're actively engaged in 1
their banking house during three days Of last
week, using their means on hand in paying of their
liabilities Workof this kind requires rigid adher
ence to order As their depostors have claim the
State the bonds Of the State, they paid be-
fore note holders. Many of them have received all
that was due them, and understand that it lie the
purpose of these gentlemen to exhaust all the means
in their possession the last dollar, if necessary
in diseharging their liabilities. We learn they paid
out last week upwards of fifty thousand dollars,
az intend TO continue to pay until the last dollar is
gone.
The order Of settlement adopted by the officers
Of this bank may not meet with universal approbs-
lion No plan short of the immediate redemption
of ell the notes, and the payment Of all the debts
of the bank would exactly suit every body. 1t is
the opinion Of men however in whose judgment we
nave grest e,nfdenoe, that the course pursued by
the Messrs Spence at present the only correct
for them to pursue under existing circumstances.
What these gentlemen are now doing to relieve
their securities and pay their debts, and the investi
cation st Nashville, may cause q brighter day to
dawn on the note holders Of this bank.
Some weeks ago we advised orr friends having
bills on this Bank not to sacrifice them The prob
ability seems that large proportion of it's oirCula-
ton win be redeemed.
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