, 1860-12-25

..1rs have 1ccn deliyt rcd into the h3ude OF the
:cbcl- BY the War Department And it wae
reported yesterday, seemingly on good author
IL, fk1i ttt President had eect orders to Col
Audcrsun 10 sus7xndtr tie to49 TO tie 7ebas on
lie Hh Of -Aarra, or sooner II demanded By
them!
MEcn :hc ncrs Of. the seceseion net reached
here, the uorsc Wis engaged in 1asting the
-resieet measure Of the a.sr-the Pacific Pail
road bill; and Just tcfofe the ares and noes
.Ttre called, md willie the fire eaters were
zxikin. all sorts Of objections TO The bill, Gar
ac:: Or Virginia rose and announced with
pompuus etlemuity that the delegation from
S,uth Carolina, had jas. received . dispatch
Announcing that their State had declared her
inde3xndcicx of the American Union. He no.
titled lie House TINT Virgiaia would ere long
follow the reasonable example, and would
not lie responsible for apy paIf Of the bonds
70 Le Issued to aid In the construction Of tie
roses royiGed in the bill Some Of the ultra
Si.uthcrDe1s clappcd their hands and manifest
Cd e.ish, applause On hearing The news from
Charleston, uut the House paid no attention
ire be1u1c it. The statement telegraphed to
tie Associated Press tint = the announcement
produced III intense excitement among the
:ucnlteYs. and for . long TINT confused the p1u-
ctttEcEs,' is cutireJy false
Ii scarcely provoked a smile, aud ut most
on1y i sarcastic remark, such IS "Wehopc she
:eci. better" Or. Aay She have goYd time
bc hn.:' with the reply, '"kcitt, of courEe =
= His Mnjesty, Lawrence the FIRST" Not the
slightest interruption Of the proceedings was
oce=si< ned, and WHEN the Pacific Railroad bill
had passed, it ,scs moved that when the House
14journ it t- till Moad.y no~u- The trc-eaie1x
c2plc1e tLat 1 session would be held to-day
tFrJay.) which they intended should be con-
4,n
the South Carolina 1uembers. But that piece
Of sensation acting ras spoiled, and The gen.
Ie1nca will te obliged sncak OF without
having the opportunity of,fring Parthian AZ
1ow Is They fetre3t They feel yely much
mortified. Tbey will remain over till Monday,
uowescr, and then present their fz.ewelL
Tie truth is, tile mmercial panic OCCASION
I'd ty tie course Of the Cotton States, is rap
idly suhsidirg and disappearing. Business l.
eriny. II observe that Missouri e. hare gone
up 10 10 c=uts, from G-l Gold is coming into
Tic country 3rom Europe By eyezy steamer.
rroJucc is going abroad In large quantities.
Cotton Is beng brisk1y shipped Merchants Oh
1ur rsraboard cities are again filing large orders
from all parts Of the country, the slave States
;uclu1ed, Ear goods. The banksn1ed discouuting.
People arc discovering that they were more
ecased than hurt No uatteT whether the Cot
ton States 20 or stay, the laws Of trade cnnnot
tr abolished. Demand and supply must coz
1ipue The secession States produce uo1hlns
but cotton It Is their only industry, and
their eolr reliance. They arc Under ten times
the necessity to sell it that the world Is to buy
it. The people OF those 6txtes tug their bread
ton. Ttey purchase thdI household necessa.
ries and their farming implements, they pay
their taxes, they met all their liabilities fIp1n
tcc sale Of cotton. Should the market be kut
cI, or their Legislatures Iaks laws to prevent
its s;.te, as some Of their ulad-cap fools recon-
1uetd, the people Of those States would be
baukrupted: they wou1d soon he In ragA, md
erivcn 10 eutsist on cotton seed mixed with
I little rice aud sweet potatoes.
Thtl1 State governments would be left pei
niles, as no t2xts could lie paid No a1mJ to
fight the Union could be supported NTH which
tV resist the Federal lawB.' There u not on the
face Of the Garth people vor1s prepared for
rebellion, or tmere bffp1ess or impotert, th Il
those of the Cotton 9tatef. Il the market fol
their staple should be cut of. The lrishnan
who went cut In lis ehi1t-1an On bitter viz
ter night. and held upa proving dog In the
uoE1h-wcst blast to 1reezc the brute IL death
as be declared, acted more wisely and stood .
l.ei.cr ehunce Of killing the dog than himself
than will the Cotton eiattS when they under
take to buIiy The UnIs1 and Europe by refusing
10 sell iher cotton.
WIZ ~, tns ~ gnoo n ~ ~ - ~, 10
~ wv 1.;f~ Eeut .,.tEai. ~ s,.,-.
.. g.a,Ts !. - ~. ~ rn1.r,t <,;s.rrh< ~.
1Is 80 ~ a,st.x Eli xe.l;d ~, ~,
1irt1e, the Constitution and the Onion, and
2ill talt on Lincoln TO enforce the Fede71lawi
aithout fear or favor. -,
TIE PAc1Fc RAILROAD.
1 Eord more concerning the Pacific Ral
road. wi;rl 1usstd },y yo2e of g5 to "a. ant
no thanks 10 several Illino1s member, ,sxto be
l:arcd v,Yy badly On the occasion. Hr 1cason:
tI1at lheir constituents will hardly couside,
satisfactory, The LIN Is substantially The sam.
=. fI,at rr1x,rtid Il by 1he Eelect Comruittee las1
session aid fully descr1bcd al rhat time. an
;, irft syncrnis oF its 1radinf- FEATURE nav bf
rsrfn1 r.
,,..,1o.. A.. -
f"o' '1e!o>S W 1aA AA -,
The. Till Provides TINT the northern ro2t
wtsicFn borcc1s Of loHa, with two eonveJgans
liucs bezafing westward and uniting within twe
hundred miles wett Of the Missouri River, mt
tltnce proceeding W q single trunk line b,
the nearest md best route, md By the vicinity
ol G1ea1 Salt Like to the citE Of san Francisco
OF 10 the rayigablc waters OF the Sacramento
In the State <of California" The southern
road is likewise required to start from tve
rointE-cnc 1t Fort Smith. OIL the .wzte11
hordcts Ct Arkansas, and The Other on th.
western border Of Louisiana, With two con
vcr,:us lines bearing westward, and unltiuf
west ol Longitude q7 deg, and then proceeiInf
By single trunk line, and ty the nearest anf
best routc to the Pacific Ocean at or near s&1
Francisco, crnx.iug the Rocky Mountains soutt
of the :.4th parallel Of nosih latitude" III.
corporation to which lands axs granted to en-
able It 10 construct these Tuiiruods h to 1rkus
port thtsrupop The mails, troops, and publ,
sto1rs Of the United States. and 10 erect = tele
graph alon: thr roads in the most approve x
drrd ,uiles Of the road ard Of the telegraph
aye Of tits act- 'f'
This bill only grants Z single row Of alter
nate tect:ons, and roadway OF 100 feet wid,
to tho Northern Road. Lei the people se3u,
tic lands and rsopulste the country thropCl
which the line pesses- This is In aceordanc,
with The homestead idea, But On the qtht
hand, tho Southern Road Il to .rece1ye ten ri
ternute sections through New Mexico and st,
in California. The Bouthesu members insi.te x
on this land grant. But their road and branch
c. only receives thlrty.six mi1Iiopa-{ Eoveso
msns bocds, while The Northern Road vii
get sixty millions, which will average abor
10000 pr mile Of Federal CREDIT The prih
eipal and iuiHctt is to be repaid In transport
tlon cf nails, troops. stores, munitions. COR
c1umcut a.cnle, teltEraphic DISPATCHES and ,h'
ike. One hEndred miles Of road mps1 bc com
rleted cach yrar, md the whole fo4d is to b
finished from the Missouri River to s.n Fran
bonds win Be raid to The Company as follows
From the place Of starting. oa the Missouri
Nivcr Council Bluff nud Ie4yeaW0f3b Tor IN
s'ancej 10 the 97th meridian Of Longitude