The weekly pioneer and Democrat. [volume] (Saint Paul, Minn. Territory) 1855-1865, 1860-12-21

The results of the election are well
summed up in leading commercial journal
in New York. Its effects thus far, it says,
may be classed under the following heads /:
l. The closing of factories and the discharge
of labor everywhere.
e The depreciation of stocks, national and
State, railroad and bank.
3. Depreciation in the value of cotton, wool.
-four, grain and other products of the soil.
4. Depreciation in the value of negroes and
real estate.
The loss already sustained throughout the
country by this sudden prostration of trade and
industry cannot fall far sho1t of two hundred
millions of dollars But this is not all. Other
disastrous effects are soon to follow.
First. The rebound from Europe. foreshad.
owed by the news by the Asia.
Second. The stoppage of probably all the
mills and workshops of the country, throwing
ambition or more of free labOrers out of en-
ployment in the depths of winter.
Third. The consequent suffering and anarchy
everywhere, but especially at the North, where
labor is compelled to take care of itself.
Yet when this is the condition of affairs,
and in the future we behold no CLEANS of
hope, except through the joint action of
the conservative masses of all parties, in
putting down sectionalism, enforcing the
laws, and maintaining the Union, we notice
that the Republican papers of this city in
sist upon elevating the anti-slavery banner
still higher. Their cry is no compromise !;
and, we know, that upon the least indica-
ton on the part of our Senators and Rep.
resentatives, of an intention to unite with
the conservative men in Congress, in pre-
serving the Union inviolate, the programme
is already laid down, that they are to be at.
tackled and driven, if possible, to follow the
ultra lead of SEWARD, LovEJoY, SUMNER,
and other abolitionists. But that game
won't win.
Hon. ALBERT RUST, of Arkansas, who
introduced the resolution in the Committee
of Thirty-Three, which will probably form
the basis of its action, acknowledging the
necessity OF reasonable and proper con-
stitutional remedies and efectual guaran.
tees" has written letter to the National
Intelhgencer, in which he proposes Gen.
eral Convention of the States, which shall
agree upon some line, to be extended to the
Pacific, territory north of which shall be
free, and in all south of it, the right to hold
slaves shall be inalienable and perpetual.
Mr.. RUST also proposes the absurdity that
no one of the present slave states shall be
allowed to abolish slavery without the con-
sent of the others!
The Toronto Globe gives the Presi-
dents Message in full with the following
brief comment: "The Message of Presi-
dent BUCHANAN is this year exceedingly in
teresting even to Canadian readers. The
commissions in American trade have affected
trade in Canada seriously, and our shrewd
business men are scanning the American
horizon with even more care than they do
their own. To the philanthropist and lover
of freedom also American affairs are at this
moment of special interest, and we make no
apology for devoting so much space to Mr..
BUCKANAN's Message"
Hon. JOHN BELL has written letter
to the Union men of Vicksburg. After re-
viewing at length, the origin and progress
Of anti-slavery fanaticism, he comes to the
conclusion that Notwithstanding the cha.
racter, tendency and practical operation of
the Republican policy, and the unfortunate
election of LINCOLN by one section of the
.s .t9e.