The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-11-27

Union and best contribute 70 the SUCCESS OF the secession
be black republican journals entertain strong
hopes OF carly subsldcrce OF tho secession eKcie
mens because OF the comparative iull which they ~
cover In the political atmosphere OF she south rms
hone wiz fear prove delueive This 10 an inter
va OF comparative calm, which VIII terminate With the
meeting OF the rrt veuton TO be held IN the south
uew era viii then turn mp, and scene OF exoitemsnf
will follow, compared with which the sg'iaHon during
The short period which n be :, sss Ip
pie ef a small pond to the furious upheAvtngs
or the sgi.aiei ocean. t,rrioe storm s
end look 10 the period assigned for the meet
ing Of the southern conventions for full deveopemen'
It's fury The debates IN Congress upon the secession
q s'as, Al pro sss. ,s xhcs viii ms.sry
add 10 the excitement Lincoln too oil be on the eve
Of Inauguration, and this interpolation VIII msdten tho
already excited p0pulace In the ultra Southern sasea
But there II no material abatemen In the popular excite
ment nov Meetings are being held everywhere 10 yir.
are being rapidly organized, arms distributed and
volunteer companies drilled for active service This
drill has heretofore neglected Everywhere fact.
there signs Of active preparation and lack Of
en,nss'ssm Visible 80 snas ,0 psfS Sa ,os
rendered so free from the excitement peculiar TO the
past two weeks.
Business nen are rendered staid ana indifferent
under the o the prevailing pecuniary revuson
With them the operation Of banks The range Of their dis
lines and the rates OF exchange to
all merely political consideration for the present But
they too will fall into the main current, II only ID re
move the or,ens source or their en- and
settle the pending din .utes In form or another.
The rates OF exchange New York suce the suspen-
sion banks advanced TO per cent pre-
MUM. and The probability lie that further advance Will
soon place your banks continue 70 pay out specie
A Irsmum Of S45 paid yesterday for draft
$50 upon Baltimore BAD this state Of taegs 10,
II world be considerably mad the banks continued
70 pay out epecie such policy would pecessste cur
talment OF the discount line 10 ruinously
ard thus serious disasters would be entacd upon tne
mercantile community. rhe cotton states have great
advantage at such time the cotton gro wing
States They they doing send cotton to New
York and draw upon is proceeds b. this means they
many who have obi gatots TO meet ~ the North
augment the proas OF The cotton returns BY sell traits
at enormous premiums Petersburg, which commands
considerable trade with North Carolina ia the cotton line,
su, mpsratively little from Q arrangement OF tho
exchange bAHs They manage 70 preserve tao equi-
lbrum admirably by sending to New York Sufficient
quantity OF cotton 70 inset their requirements In the
exchange line.
informed last evening of the return from Liberia
this city OF negroes who were formerly mauusrtet
IN this State and sent at their request to that
try They sold themselves into slavery Immediately
their return aad living here much content
ed than they wero while In the enjoyment OF their freo
dom.
was informed by the gentleman that moro than
half the free negroes who die 10 THIS city are buried *
the public EXPENSE THIS proof or their Tprov dencc,
ard elbows how un'avoraby their condition contrasts
With that Of the slaves
South Carolina morey at CT per cort,
and North Carolina at I've per cent. still further dc.
probation Is Appreciated
Tue letter OF Governor Letcher 20 Brsbn Is highly
commended here His message TO the Legislature will be
marked by the came Gim AID conservative tone