Cincinnati daily press. [volume] (Cincinnati [Ohio]) 1860-1862, 1860-11-22
LATEST BY TELEGRAPH.
SOUTHERN SECESSION MOVEMENT.


Conservatives Disgusted ,citk Secaonalis;S.-
Probable Rupture in The Cabinet FTnG,s-
cid5 Distress and Commercial Prostration IN
Charleston, s. C DecIining--A
Clergyman tails of Bibles and Revolvers-
Suspension Of the Farmers Bank Of Vir-
ginia.
AUGUSTA, GA, November 2o.-The con-
servative sentiment of the South appears to
be disgusted at the increasing sectional wran-
giles, and considers that the Northern States
should promptly convene their Legislatures
and repeal their unfriendly laws and urge a
Convention of all the States, to make n
prompt and united effort to preserve the
Union and country from bankruptcy, an
archy and ruin.
The New York Herdlds Washington cor
respondent indicates a probable rupture in
the Cabinet on the secession question.
CHARLESTON, s. c., November 2O.-This
has been the most gloomy day yet among
the merchants.
A heavy cotton.house and other smaller
houses have suspended.
The banks have resolved to cooperate to-
gether, and still positively refuse to make.
any discounts,
Cotton is declining. The stock on hand
is now $4,000 bales.
Several of the heavy planters refuse TO
send forward their cotton at present, prefer
ring to wait for Eeac ton.
Sterling Exchange down to 95c. Financial
matters are rapidly approaching a climax.
Trade is completely prostrated.
News of the suspension of the Farmers
Bank of Richmond was received this after
noon, during business hours.
The Banks here are determined to hold out
as long as the New York Banks do
Captain Berry, of the steamer Columbia
has been presented with a gold-headed cane,
to-day, for raising. the Palmetto flag on his
vessel. a
Rev. Mr.. Yates made speech on the oc-
casion, during which he said that if the
South required it, he would go into the fore
most ranks, with a Bible in one hand and a
revolver in the other.
RICHMOND, VA, November 20. The
Farmers Bank OF Virginia has suspended
| specie payment and resolved to pursue a
course of policy to prepare for early resump-
| ton.
Other Banks will follow, as prudential
measure during the present pressure. There
is terrible pressure in the money market
and nothing doing in the produce market
Flour is dull and declining, with few.sales,
and the market is overstocked. All the
mills have stopped operations excepting the
Gallege Mills. Wheat has declined ten cents
a bushel.
| RICHMOND, Va, November 2l.-The En-
quirer to-day publishes an important letter
from Gov. Letcher, in reply to that Of Johr
S. Brisbane of PENNSYLVANIA who ridicule!
secession, and states that 200 Virginian:
have rendered him their command, in event
of disunior, &c.
The Governor, in reply, administers O
severe rebuke to the Northern notification
States, and shows that dereliction on the
part Of the North is the prime cause of the
i present dangerous troubles. He advises the
people of the North to correct public senti-
ment at home. ald discharge their consttu.
tional obligations with strict fidelity. He
then indicates his determination to defend
the State of Virginia, and stand as q
mediator, an armed mediator, if necessary
between the Southern States aud their as
sailants, come from what quarter they may
This letter creates great sensation here.
All the Richmond and Peterboro banks
have suspended payment.