The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-10-27

and designs in that section Of the Union. pro
duced by The revolutionary ideas AMI designs at
the North. general panic pervades all classes,
in conse quence Of the recent elections in Penn
sylvauis, Indiana and Ohio foreshadowing the
election Of Mr. Lincoln.
II such ia the effect now. what will be the
.fect il that evt mt should take place or the 9th
Of November? TIE whole South will be in
blaze Even the Secretary Of the Treasury,
secession movement the day after Lincolns
election when the Legislatures Of the seeding
States will meet, declare the Union
dissolved. and proclaim Mr.. Breckenridge Presi-
dent OF the Southern Confederacy. That some
such design as this exists. whether Mr.. Cobb ia
connected with it or not. is probable from the
fact that all the Southern States appear to be
throwing Bell overheard and concentrating
upon Breckenridge. The South would thus
present one united front and be able TO claim
that, as Lincoln was elected by sectional
Northern party only embracing portion OF the
people of the North. while All the Southern
States and many Of the population Of the North
ridge, therefore the right Of Breckenridge to
the Presidency is more ia confor nifty with the
spirit and intention OF the constitution the ori
giDal compact by which Presideu. was % BE-
chosen by and for both the North and the
South the people OF all the States They will
further claim that Lincoln. by his xn avowals
and the admissions Of bis supporters has baen
chosen by them az President for an illegal and
unconstitutional purpose AID that bis election
il, therefore, ab inito, null and void. being re-
voutionsry in its CT arac'cr. and contrary to the
idea of federal Union and TO the meaning ard
intent of the constitution.
How this will all end no man can tell. But
whatever be the final result. whether it be
secession or not the effect upon The country
will prove most disastrous. The election Of
Lincoln will undoubtedly beget long aud
fierce controversy between the North and the
South, Of which, even If il should be amicably
settled at last which is very far from certain the
consequences to the trade and commerce of the
States would be most ruinous Every opera
ton would be para!yzed. In the temper Of the
public mind at the South not 9 bale OF cotton
would be permitted to come North award, and no
Southern man would dare to order box of
goods from any State this side Of Mason aad
Dixon's line. Here Is practical notification Of
the Union to which the Southern people could re-
sort without secession, or without violating the
letter of the constitution, and a million Of men
in arms could not preveni IT, In fact. it would
be worse condition OF things foE the North
than a peace able secession. SO that those
Northern men who nippant!y talk Of coerciag
the South either know not what they say, or
they utter bluster and bravado which they sre
conscious cannot be sustained by results.
II is not necessary for the South to fire shot
or raise finger 70 ruin the North; all that is
necessary to be done is that The Southern Legis-
latures pass non intercourse laws; and what
Southern citizen will venture to resist them.
But If the Northern half Of the Union should
be guilty Of the folly Of attempting coercion of
the South, u G. ormiS, civil war would be
begun, the extent and end OF which 10 man
could foresee. TO submit" says the Governor
Of South Carolina, through Colonel Simons,
would be to declare themselves unworthy
however, the federal government, proceeds to
coerce the South into obedience to the cousti-
tuition, II will be only even handed justice TO
coeroe the nuliifers OF the North who have
tssmpled upon the Fugitive Slave law. Every
bargain las two sides 10 II. Will the black
republican President coerce bis own party,
who In every Northern State have declared that
they will not carry out that compact Of the
constitution
But long before these hard questions can be
solved, monetary panic, from apprehension Of
approaching political convulsio1. will spread
and TIE manufacturing commercial and ship
ping interests Of the North will be ruined and
all who are dependent On them for employment
will be reduced to stsTy alton and the IRE
prsssible conflict Of labor with capital will
be fought not at the South, but at the
North where there is far more danger Of insur
rec'ion than at the other eide Of the line which
divides the Union.
The Sosth in the meantime would suffer
ro,hing. she lie not dependent on the North
for employment for herpeople, nor for a market
for her cotton ard other productions. She has
a teemipg soil, population to cultivate It. and
TIE world for market; and IL che desired to
manufacture for herself 1t would be impossible
fer tie North 70 compete with her. Bot I. 10
20; her desire nor Der interest to iaterfer- with
the manufactures and the commerce Of the Sotlh
unless she il driven 10 The ~all There Is 70
irrepressible conflict between the fsee labor az
the North and the slave labor Vi the Scu.s. This
]. an ingenious fction Of The republican leaders
On the contrary, there l. perfect harmony be-
tween the two systems, and North ard South are
adapted by nature and the progress of their
civilization 10 supply the wants Of e.ch other,
and 70 enrich each other. and tiers 4 BE