The weekly pioneer and Democrat. [volume] (Saint Paul, Minn. Territory) 1855-1865, 1860-11-30

kACl4OA Ill 4NAASSA0SARpAs
THE POSITION OF THE PRESIDENT.
All accounts seem toagree that President
BUCHANAN denies the constitutional right
of any State to secede from the Union, and
that he will mould his domestic policy &C.
cordingly.
A despatch from Washington dated No
vember "a, says that the position of the
President is that the South has just cause
Of complaint against the Northern States ;
yet that no State is justified in seeding, or
engaging in revolutionary movements, until
every constitutional measure of redress has
been exhausted that no State has right
to commit acts having the effect to precipi-
tate such a condition of affairs as would
induce or compel other States to join them
in disruption of the Union. The Presi-
dent, it is thought, will recommend the CALI
ing of convention of delegates from each
of the States, to take measures to preserve
the integrity of the Union.
1t is thought in Washington that the
question of secession will have to be practi~
calIy dealt with by the Buchanan admins.
traion. South Carolina will precipitate
the issue long before the Fourth of March
There are rulnors of dissensions in the
Cabinet, owing to difference of opinion
between the President and Secretaries Cobb
and Thompson, on the question of secession
Special disp atch to the N. Y Tribune.
WASHINGTON, Nov. 10.
The President is engaged at the State
Department daily for several hours, and has
been for the fortnight past consulting au-
thorities in preparation of his annual mes
sage. Its main features, after review Of
the foreign policy during the last three
years, will be in reference to the present
attempts at disunion. So far from favoring
these schemes, or being pledged to secession
as alleged by Mr.. Keitt and others, his
whole argument will be directed to over
throw any such assumption, and to establish
by historical facts, that the contingency was
not only never contemplated, but was ex-
pressly forbidden by the concurrent declara-
lions of the fromers of the Constitution, and
the Interpretation of the most eminent ex
Founders. Mr.. Buchanan has always held
this theory, and, perhaps, will take peculiar
pleasure in announcing it now under sense
of public duty, and for the purpose of strik-
ing an effective blow at the conspirators who
have never exhibited the least recognition Of
his services to the South, or any sense Of
common gratitude for the sacrifices made by
the Administration during the Kansas
controversy.
Both the Charleston and the Baltimore
Conventions ignored his Administration en-
tirely, and the South generally gave it the
cold shoulder in their State Conventions
after having received peculiar marks Of
favor.
There is scarcely any doubt but this mes
sage will be bitetr y assailed by the seces.
sionists. 1t will be sent to Congress two
days before the election for delegates to the
Convention in South Carolina. and, doubt
less, form the principal topic of discussion
when it shall meet on the 18th of December
1t will have been circulated through the
country long before the Conventions of other
States can be called, and must necessarily
operate upon opinion in emanating from one
who is admitted to be the champion OF
So ,thern Rights.
A fierce controversy may be expected in
Congress when the Message is delivered,
and public interest will be concentrated here,
thus drawing off attention from the proceed
ings in South Carolina by counter irritant
of larger power. 1t will not be surprising
to see the Presidents doctrines denounced
by his recent defenders, and defended by his
former opponents.
BUSINESS REvULs1oN AT THE SOUTH.
CHARLEsoN. Nov. 20.
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
together, and still positively refuse to make
any discount.
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
ing to wait for a reaction.
Sterling exchange is down to 95 cents.
Financial matters are rapidly approach
ing a climax. Trade is completely pros
trated.
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 Y ork banks do.
Captain Berry, of the steamer Columbia,
has .een presented with gold headed cane
to day for raising the Palmetto flag on bis
vessel Rev. Mr.. Yates made speech on
the occasion, during which he said that il
the South required it he would 60 into the
foremost ranks, with Bible in one hand
and revolver in the other.
AUGUSTA, Nov. 20.
The conservative sentiment of the South
appears to be disguised as the increasing
sectional wraDgles, and considers that the
Northern States should promptly convene
their Legislatures and repeal their unfriend.
ly laws, and urge convention of all the