The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1860-07-26

THE "DissoL UTIoE OF THE UNlos."-Ths
New York Herald, of Tuesday, has an extra
ordinary article, even for that unreliable and
run mad sheet. 1t republishes the letter of
Hon. Wm L. Yancey about 'sprecipita ling the
Cotton States into a revolution" and also a
letter of Hon. L. NJ. Keitt of Sou tn Carolina.
advising secession on the part Of the South in
case Of the election of Lincoln, and then COM
ments as follows:
1t is not alone the evidence of Messrs Keitt
and Yancey which we have upon this subject
The Influential Southern presses declare that
the issue is between the N or th and the South as
represented by Lincoln and Breckenridge
that the South will be defeated and that the
State Legislatures must be prepared for the
worst In the Gulf States the feeling in favor
Of secession seems quite unanimous, the bord-
or States are undecided, and there is a dark
clio d which means mischief hanging over
Virginia. The great landed proprietors of the
Sou tn believe that, In the event Of Lincoln's
election, there would be no adequate security
for their property, and they are, therefore,
preparing TO reassume the powers delegated
to the general government. We cannot resist
the conviction that they are terribly in ear
nest
That the South can secede, if united in the
NOV ement, there is no reasonable doubt. The
vote of that section will be given to Breckin-
ridge and Lane. The Southern Senators and
members OF the House would go to Richmond
instead OF WasDin gton Congress being opened
in regular form, Mr.. Breekinridge would be
declared President of the United South thern re-
public, and the government may be organized
in week after the result of the Noyem ber eec-
tion is made known. There is really nothing
to prevent such action on the part OF the South,
and there is every reason to dread that it may
take place
In view of this State of things we deem it to
be our duty to warn parties interested of the
danger which threatens them. Sc far as we
can see, the Breckinridge movement at the
Norm will avail nothing. Lincoln will be the
Northern President, and Breckenridge the
Southern. The confusion into which our com.
mercial and monetary affairs Will be thrown,
cannot be described. Trade will receive a
blow compared to which the storm Of 1857 was
mere Hurry stocks will go down to within
fraction OF nothing; all kinds of property
Will depreciate in value, and the fortunes ac-
cumulaled by years Of toll will be swept away
in q moment.
We advise our readers to prepare for the
coming crisis. Between this time and Novem-
Der something may be saved from the wreck.
merchants who have dealings Wit Southern
traders will do we'll to close up such affairs
as soon as possible. Holders of Southern State
railway or city stocks, or securities of the gene
raj government, should realize upon them at
once. BANKERS at home and abroad should pre-
pare themselves for the inevitable panic in
financial affairs. The crisis is imminent The
dissolution OF the Union is a factaiready deter
mined upon. Let us be prepared TO meet the
doom which the trading politicians and crazy
fanatics OF the day have precipitated upon the
republic.