The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-11-12

| THa CsBD II NEw yonz-Tsv DUrY or
raE HooR-1Tha fall u stocks In tdis city
on Saturday viii probably be aggravated,
aad greater feclias he produced, b. tbs
intelligence OF tas south Carolina hszIn
beng authorized By The Legislaturs so
suspend specie payments, to SAP uothins
OF Mr. Chestnut resigniDg his appoin tueas o
Uoited States Senator from South Carolina, aJd
Nh. Tcombs az Senator from Georgia, aud other
alarming demonstrations in beth States, N wei
a. 10 Alabama showing the rapid progress Of
the secession movement 1t the South In .
table which we published yssterdayit was sesa
that the depreciation of stocks from the 10Th
Of October to tae 10th Of November ranges from
1--WE to 6fteeu PEI cent; and if the proceedings
in the Southern States, preventing the shipmens
Of cotton to the North. and passing bills exact-
ing tax of twenty nve per cent on all goosts
from States which have nullided the Fugitiv4
Siavs law. aud removing the tax or tariff on
foreign goods, should be continued and ga
tanned. the present depreo alton Of stocks viii
probably be o. cohing compared with tisir
future decline
The efforts Of the more moderate rien as sds
South to postpone accession appear 10 ha0s
failed SNta Carolina. Florida, Alabama ADD
Georgia. il /. noW e,a,ei. viii ssceds ba.
fore the Inauguration OF Mr. Lincoln Va
rily Mr. Lincoln has dark and menaciag
future before him. Bat that would b. os
small consequence TO the country did aos
the coming storm affect all its interests, aad
threaten the dissolution Of the government,
and, If rash counsels should prevail, even q
fearful civil war
What is the duty of all good citizens II this
crisis? II is TO allay the excitement, and 60
Undo, as far as il their power lies, ths ca4sss
which have led to this deplorable stats
o. things The North have ii still in their
power to save the Union by conciliasoa aut
justice to the South. But it il especially
Incumbent on the conservative portion OF
the republican party to come out and
declare their sentiments, for they are re-
sponsibie for the consequences now produced
by the election of Lincoln. Had they 40.
joined tie abolitionists in their crusade against
the rights OF the South and voted for caudi-
date committed to an irreprsssible conflict
against the system of labor of fifteen States OF
the Union, he never could have been elected
1t is their duty, therefore, now to make all tn.
reparation in their power, By defining their po-
sition and repudiating all designs Of interfering
with the social institutions of the South. Let
a meeting Of the republican merchants Of this
great commercial city be held at once and let
them, like the conservative republicans .,
the meeting at Philadelphia on Saturday, de-
nounce the violence of the ultra wing Of their
party and the extreme sentiments Of Seward
and the republican organs and leaders A1t
let Mr. Lincoln, If he values the peace of tis
country, and if he has any just appreciation Of
the value and glory Of the Union of the States
lose no time either in making an announcement
which will soothe the tumult of revolution At
the South or in resignng as President elect, and
leaving come room for accommodation. Tho
best interests OF the country, If not the very
existence Of the government ought not to be ga
cIifeed to one man, nor even to party, though
it does number one third OF the white popula-
ton OF the Union. For in whatever way this
strife may result at last il il destined, unless |,
be arrested at once, to break up all CONNER
cia! intercourse between North aad South. 70
end in great financial convulsion, which has
already commenced and involve all classes OF
the community in terrible suffering aud dis
trees.