East Saginaw courier. (East Saginaw, Mich.) 1859-18??, 1860-11-29

NOItH, iouuuSu NANNY WV" ~If~
to the institution of slavery in general,
and in the territories in particular. The
hostility to the institution OF slavery
which characterized the so called Repub-
lican party in the North naturally excited
the jealousy and hatred of the South.
The Democratic party which had hitherto
been united upon all questions affecting
the interests of the people was now un-
happily divided upon this same question
of slavery, and at the National Conven'
ton for the nomination of a candidate
for the Presidency. split in twain, and
the result was two an1idates were pre-
sented for the suffrages Of tho people
The fossil remains of old fogyism organ
lied under the name of the Union party,
and taking the constitution for their
platform presented very respectable
specimen of their species as a candidate
for the Presidency. Thus with Douglas,
breckenridge, Bell and Lincoln, repre-
senting distinct parties, protesting dis
tinct principles, except the latter who
represented no well defined principles
whatever; the quadrangular fight com
menced and after desperate struggle
the Republicans succeeded - Lincoln IL
elected and must and will be our next
President.
That party so entirely sectional in
its views and purposes as the Republican
party is, should obtain possession OF the
National Government, afforded just cause
for complaint from that portion OF the
Union in hostility to whose institutions 1T
has arrayed itself, and Immediately upon
the result of the election being known,
general expression of dissatisfaction arose
from the entire South, and in some Of the
extreme Southern States, apparently for
midablc movements, looking to ultimate
secession from the union, were made
These movements however were inaugur-
ated and urged forward only by ex-
trcmists who have not the power to &C
complish their avowed purpose. There
is full enough CONSERVATISM and union
loving sentiment in every one OF the
Slave. holding states to prevent any actual
attempt to seccde, yet the disunion howl
which has gone up from the few Southern
States has been caught up by the Stock
and money brokers of the North and by
them through the medium of many lead
ing public journals, whose publishers
have prostituted their columns to such
base purpose, has been magnilied into
fearful instrument Of destruction. Tho
stocks Of the Southern States, have been
without, cansc, deprecated in the market,
and the Southern Banks discreditcd, and
not only arc the Southern Banks thrown
out but all the Banks in Indiana, Illinois
and Wisconsin, whose circulation is based
upon Southern State Bonds, have been
meanly attacked, their currency depreci-
ated aud in some instances the Banks
driven to suspension by these same
Brokers', the self constituted censors Of
the currency Of the country. The result
is another financial panic is upon us not
so universal anil disastrous as that Of
1857, but sufficient to again impair conf
dencc and injure credit generally and
cause immense loss to Bank Bill holders.
This panic is scnseless and useless; it is
the result Of deliberate and danhnable ac-
ton on the part Of stockholders, and
money brokers aided by lying news
papers, and is designed to and will en-
rich few fancy operators at the expense
of the people. Do not be deceived
The Southern States will not rcpudiatc
Dollar Of their State Debts. The Hi
nois Free Banks are well and amply Sc
cured, and because I'll cir Notes are quoted
at 5, 10, and Is per cent discount, it is
no proof that they are not worth par in
fact.
The country was never in healthier
condition financially than it is to-day
The managers of the Banks of New York,
Boston, Baltimore and other eastern cities
are aware Of the fact and have come up
nobly to the relief of the people. They
are discounting by millinons, granting
extensions and in every way in their
power encouraging and sustaining tho
business interests of the country. The
country is safe, and we confidently pre-
dict that within ninety days we shall
enjoy peace and tranquility politically
and ease and comfort financially, brokers
and croakers to the contrary notwith-