M'arthur Democrat. (McArthur, Vinton County, Ohio) 1853-1865, 1860-11-29
Lntest from Ihe South,

| A. Douglas.'n
--latest from the South.
Effects of tie Secession Mousmtnt-G Camera
Prosira!i1R of Business Su,pfnsioRs j,
Churiesioa--Te Conservative Eiemen
DisgRsted--Failure # ths Farmers Banl
Of Virginia, dc,
CHARLESTON, Nov. 90.
This has been tho most gloomy day
yet among the merchants.
A heavy cotton-houSe and other
smaller houses have suspended.
The banks haze resolved to co.ope.
rate together, and still positively re.
fuse to make any discounts.
Cotton is declining. The stock on
hand is now $4,000 bales.
Several Of the heavy planters re
fuse to send forward their cotton at
present, preterr!ng to wait for a reac,
| ton.
Sterling Exchange is down to csc.
Financial matters are rapidly ap.
preaching climax. Trade is COM
pIetely prostrated.
News OF the suspension ofthe Farm
ers' Bank of Richmond was received
this afternoon during business hours.
The banks here are determined to
hold out as long as the New York
banks do.
Captain Berry, of the steamer CO.
lumbia, has been presented with gold
headed cane to-day for raising the Pal.
metto flag on his vessel. Rev. Mr..
Yates made a speech oil the occasion,
during which he said that if the South
required it he would 90 into the fore.
most ranks, with q Bible in ono hand
and revolver in the other.
AUGUSTA, Nov. 20.
The conservative sentiment of the
South appears to be diOgusted ut tho
increasing sectional wraugles, and
considers that the Northern States
should promptly convene their Legis
latures and repeal their untriendly
laws, and urge convention OF all the
States, to make prompt and united
effort to preserve the Union and coun-
try from bankruptcy, anarchy and ruin.
Tho Ilerald's Washington CORES.
pondent' indicates O probable rupture
in the Cabinet on the secession ques.
ton.
RICHMoND, Nov. 90.
The Farmers Bank Of Virginia has
suspended specie payment, and re-.
solved to pursue course of policy to
prepare for early resumption.
Other banks will follow rs a pru.
dental measure during the present
pressure. There is a terrible pressure
in the money market, and nothing do.
ing in the produce market.
Flour is dull and declining, with
few sales, and the market is over
stocked. All the mills have stopped
operations, excepting the Gallego
Mills. Wheat has declined ten cents
a bushel.
. RIoHMoND, Va, Nov. 90.
The Enquirer to-day publishes an
important letter from Governor Lotch-
er in reply to that ofJohn S. Brisbane,
of Pennsylvania, who ridicuIes seces.
sion, and states that two hundred Yir.
ginians have teudeFed him their COM
lnaud in event of disuion, sc.
The Governor, in reply, administers
a severe rebuke to the Northern nul.
liticatiOn States, and shows that dere.
lictionon the part Of the North is the
prime cause ofthe present dangerous
troubles. He advi ies the people OF
the North to correc! public sentiment
at home, and discharge their constitu-
tioual obligations with strict fidelity.
He then indicates his determination
to defend the State of Virginia, and
stand as mediator--an armed medi-
ator, If necessary--between the South.
ern States aud their assalants, come
from what quarter they may.
This letter creates great sensation
here. .a.. .|
All the Richmond and Peterboro'
banks haye suspended payment.
~ New ORLEANS, Nov. 81.
1t is reported that meetings are be
ing held in Texas calling on the Gov.
ernor to convene the Legislature to
consider the proper method of vindi-
eating the rights and honor Of Texas.
AUGUsTA, Ca, Nov, q. !
Both branches of the Georgia Leg
islatule have unanimously passed a |
bill to call a State Convention.
NORFOLK, Va, Nov. 81. !
The Minute.men ofthe city held |
tonight ana passed strong
in favor Of resistance to
Northern aggression. Three cheers
we're given for the man who hung
John Brown. . Cockades are plentiful /
,n.the street to-day. 3aq s'7isl
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