The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1860-11-22
TRADE ENTIRELY FRUSTRATED
MIR. LINCOLN's POSITION.
The Voice of Kentucky for Union.
NATIONAL CONVENTION PROPOSED

PASSAGE OF THE GEORGIA STATE CONVENTION BILL.
AUGUSTA, Nov 21.-Both Branches of the Gaoroi,
Legislature have unanimously passed bill to cal
State Convention to take into consideration th.
present political crisis
| SECESSION MOVEMENT AT NORFOLK
| NORFOLK, Nov. 2l.-The Minnie Men held an .d
| Journed meeting tonight when strong resolution
in favor of resistance of Northern aggression wer,
passed Three cheers given for the man wbt
hung John Brown. Cockades are plentiful on the
streets to-day.
| LATEST FROM CHARLESTON
| CHARLESTON, Nov. 20-The refusal of the bank.
to assist the merchants is beginning to develop re-
| suits
heavy failure of cotton firm is reported.
one bank had severe shake this morning but
it manfulIy withstood the shock.
Financial matters are rapidly approaching a eli,
| max.
Trade is completely Frustrated
Cotton is undeviatingly depressed. prices gener.
ally favoring buyers. The stock on hand is fiftv
| thousand bales.
Many suggestions are made for the relief of the
merchants; among others, for banks to suspend
not exceeding ninety days. and to increase the cir
| cuation three millions by buying that extent oil
drafts on Europe, based upon actual shipments Of
| produce, with the bills of lading attached, such
drafts to be sent direct to Europe and specie re.
turned to Charleston, which would enable the
banks to redeem the extra issue and resume specie
| payments
ThIs it is supposed, would be heavy blow upon
New ork bankers, who seem bent upon coercing
Southern trade by financial pressure, and would
lnaugurate direct intercourse with Europe.
The Legislature meets on Monday, when some
| further relief measures will no doubt be asked
| which VIII honorably relieve the merchants with
Northern creditors satisfactorily, and preserve
their honor, integrity, and that of the State.
News OF the suspension of the Farmers'Ba of
| richmond ives received here after business hours
| 1t was not unlocked for.
Tomorrow is THANKSGIVING and the hanks will
| be closed and business suspended
I0-day there Is much excitement in mercantile
circles: Exchange is irregular, and there are no
| quotations.
Vigilance Committees are formed in several
Southern towns.
man named Finley, from Philadelphia, has
received notice from the Committee, at Lexiurton n
"a, to leave, for expressing anti slavery seuti-
ments.
Although the delegates elected to the South Car
olina Convention will all favor secession, there will
doubtless, be two parties-one hot for Immediate
secession, and the other more calm and delibera.
tive.
Papers from the interior of the State are filled
with proceedings of meetings and resolutions for
immediate secession
Col Memminger, Judge Magrath and others. have
peen invited to address meeting in Alabama next
week.
Hon. Lawrence NJ. Keitt was serenaded to-nipbt
at the Charleston Hotel He made speech in
Whlch ne strongly advocated and advised immedi.
ate secession. He was frequently and warmly ap-
plauded. up
SPEECH FROM THE PRESIDENT ELECr-HE CouNsELs NO.
DERATIoN AND THE CULTIVATION OF BRoTHERLY FEEL
ING.
SPRINGFIELD, H., Nov. 20.-A Republican iubi
lee was held here last night in honor of their recent
success. Mr.. Lincoln was serenaded and made an
address, in which he returned his thanks for the
compliment.
rrlends and JfeHoi0 cnisen$:-PIease excuse me
on this occasion from making a speech | thank
you for the kindness and compliment of this call
thank you, in common with all others who have
thought tit by their votes to endorse the Republi-
can cause. Applause | rejoice with you in the
success which has so far attended that cause. ZAP
plause Yet in all our rejoicings, let us neither
express nor cherish any harsh feelings toward apy
citizen who, by his vote, has differed with us.
Loud cheering. Let US at all times remember
that all American citizens are brothers of a COM
mon country, and should dwell together in the
bonds of fraternal feeling. Immense applause
Let me again beg you to accept my thanks, and to
excuse nae from further speaking at this time
Speeches were made in the Wigwam by Senator
Trumbull, Don Piatt and others. Great curiosity
was felt in regard to what Mr.. Trumbull would saw
on account of the interest taken in his personal
triumph as well as his intimate relations with Mr.
Lincoln. His remarks were received with deep
enthusiasm.
He began by saying: 1t is meet that Republi-
cans should make merry and be glad, for the spirit
OF Liberty, which with our rulers dead, is alive
again, and the Constitution, ordained to secure its
blessings, which was lost sight of, is found'' He
congratulated the nation the promised return of
harmony and purity, and the State on the election
Irfh rarth hNr, IL
although the candidate of the Republican party. as
Chief Magistrate, will neither belong to that nor
| any other party. When inaugurated be will be the
President of the whole country, and will be as ready
to defend and protect the State in which be has not
received solitary vote, against any encroachment
upon its constitutional rights, as the one in which
| he has received the largest majority.
The Republican party are fortunate that they
have 1t now in their power to prove that they have
never intended, and do not intend, any encroach-
ments upon the right of any State or one section.
The Dsunionists this and say, "Now or never ~
Secession is an impracticability rather, an i'm
| possibility. The Constitution provides no way by
which State may withdraw from the Union-no
way for the dissolution of the Government it ere.
| ates. The General Government nterferes but little
with the individual rights of the citizens except
for protection; it is chiefly felt in its benefits and its
blessings-not in its exactions. If every Federal
officer in South Carolina were to resign their of
fees remain vacant, and its Legislature declare the
State out OF the Union, it would all amount to lit
Tie except 10 inconvenience the citizens OF that
State. SO long as the State did not interfere with
the collection of the revenue on the seaboard the
people in other portions of the Union would not be
| in the least incommoded
What is the South Carolina army to do when
raised Whom is it to fight? Manifesty, if it
| commences war on the United States officers en-
gagged in collecting the revenue, it becomes the
| aggressor. This would be revolution, and making
| war without cause, for South Carolina makes nc
complaint against the Revenue laws. Is she pre-
pared for this ITO become the aggressor? He pre-
| dicted speedy reaction, and defended Mr.. Breck.
inridge from the charge of disunion. He claimed
as the fruits of the Republican victory a Pacific
railroad, homestead policy, judcious tariff, the
admission of Kansas free, and the future interpre
tation of the Constitution on the side of freedom.
He closed by saying: "When full effect shall have
been given to all these great measures of the Re
publican party, and the prejudices engendereG
against it in the minds of many by the artful ap
peals OF demag0gues who have misrepresented it:
objects shall have been removed by actual know-
edge of its acts, we may expect the bitterness O
party spirit to subside the cry of disunion to b.
hushed, and the principles of Republcanism to be
come the permanent policy of the Government
under which it will flourish and prosper, trust
forever"
THE KENTUCKY.
In letter published in the Kentucky papers
Gov. Magotin uses the following language:
To the States which propose to secede, W
would say, in addition to what we have said, yo
should not desert us. We are border State; W
|
ances than all of you; we have suffered NOR
wrongs, but we have had more forbearance. As
is, majority of the people against Mr.. Lin
coin, although he has been elected. The maiorit
in Congress is against him and his principles HI
is now in their power, and they would fully repre-
sent ma ority of the people of the United States
if they would exercise that power in such a man
ner as to obtain assurances and guarantees tha
rights under the Constitution should be respect
ed and preserved. This is what you want an
what we want. In this way may accomplish it
the Union may be preserved, and we may go on t
prosper in the future we have done in the past
By seeding, by leaving the halls of Congress, b
deserting your post and us now, the Government
will be broken up, civil war may follow, and Go
, only knows what will be the end. It ma,
this premature step, and we appeal to yo
by all these considerations, by all the sacred memo
, res which brought the Government into existence
and all the ties which should be preserved an
strengthened to keep us together as one people-b
the battle fields of the Revolutionary the achieve
ments and the blood and the sacrifices and suffer
ings OF the iustrious dead, the martys of freedom
r who died to give us the liberties we now enjoy-b
our unparalleled prosperity and progress a ma
i ton-by our commanding position abroad, and,
we continue to be united, cur powerful position
home-by all the modification, ruin and misery tins
i would attend failure of our Government-by e,
J, cry consideration that should influence an a!
n grieved, a just, an intelligent, loyal, brave,
patriotic and magnanimous people, to stand by u
. by your rights, by the Constitution, and by tt
Union under the Constitution, in this hour of i
| greatest danger since it came into existence. Lit
IS passion be aayed let reason its throne; Il
l. moderation, forbearance and wisdom guide ou