The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-01-13

pected that the Governor would veto it, 1t has
been stated that there are no slaves in Nebraska,
and there are, probably, not score Of negroes
within her boundaries.
Both branches Of the Missouri Legislature have
passed bill banishing free negroes from the State,
r0aor ,ho '.--"stive Of becoming slaves.
We have news from Montevedlo aatea on the
18th of November. The treaty of peace between
Buenos Ayres and the Argentine Confederation
had been ratified. The paper contains sixteen ar
ticles, but the main features of them were given in
the HxRALD Of the 10th inst. Buenos Ayres enters
the Confederation again. General Urquiza, in .
proclamation, asked the Buenos Ayreans to re.
spect his authority. Hostiities had ceased after
official notification.
The sales Of cotton yesterday embraced about 700 bales
without change in prices We stl quote mddhng up
lands steady tho basis OF II 20 Flour active
and common and medium grades Of State and Western
were about cents per barrel higher Wheat more
active with sales OF Milwaukee club at 81 % In STORE
at 81 % delvorod with Chicago spring and Western
Der colored private terms Corn WAS hrmer and in
better request Sales Of Jersey and Southern yellow
at SIC 9Oc., and white DO. do. at SIC. SOC. Pork
was in fair request with sales OF mess ut SO 12k
$40 o. and OF prime at $ll 65 Sugars were Hrm with
sales of 400 500 hhds and bags Singapore terms
given In another column. Coffee firm, but sales
light; 400 bags Rio were sold 1t 11c l2xc. The de-
mand for teas was moderate Greens were held with
armncss, while blacks dull. Freshs were steady,
while engagements were firm 70 Liverpool and to London.
The Crisis I'm the Affairs or the Union-
The Contest In tho House.
The news received last night from Washing.
ton is particularly interesting and significant,
as indicating the alarming tendency Of the ex-
listing excitement in the public mind growing
out of the "irrepressible conflict between the
North and South; and in addition to the reports
of the disgraceful scenes enacted in Congress
yesterday, we have before us another batch of
letters and communications from various parts
Of the country, exhibiting clearly and truth
fully the tone of public feeling at this excited
moment.
The whole country is rising rapidly to crisis
in politics and trade which threatens to involve
many of our best interests in ruin. While po-
litical demagogues are intriguing to rule con-
ventiOns and secure nominations for themselves
fanatics are rousing the public mind to frenzy
with their absurd clamors and deluded mi
nority of representatives in Congress lend
fuel to the growing flames by stolidly insisting
that Sherman shall be elected Speaker, on the
merit of his endorsement of Helpers incen-
diary book. They Hatter themselves that the
affair will blow over without any particular
results, just as did the Hartford Convention
treason in the time of the war Of 1912 with
England. But they forget that the Hart
ford Convention was not accompanied with
any overt act, while their treason teachings
have. fruct6ed in the practical revolutionary
attempt Of John Brown.
This is producing its natural result in the
South, where the people, impelled by the in
stinct of self-preservation, are holding back in
a large degree from that free commercial inter-
course with the North which has in the past
grown to such an enormous extent Orders
which have hitherto been sent here to an i'm
mense amount, for the supply Of Southern mar
kets are now reduced or entirely withheld. So
keenly is the effect of this unnatural disturb
ance of trade upon Northern interests foreseen
that the manufacturers Of Connecticut have
wholly rosolrnd IN moot of Msridan in that
State, to take into consideration the true rela-
tons of trade and politics, and to give express
sion to the popular sentiment thereon. In this
city our soundest and most sagacious bankers
are watching with anxiety the course of this
interruption to trade by political agitation,
foreseeing that however partial may be its i'm
mediate effect on individuals, its general result
will be prejudicial in the extreme to the chain
of punctual and faithful completion of obliga-
tons. This distrust will grow with the grow
ing excitement and may very easily give us
financial panic before the summer is
over. The tone Of sentiment expressed
at the din1r recently given by the Senate of
Virginia to Lieutenant Governor Jackson, of
that State, can only add to these forebodings
of evil. Whenever the South, stimulated by
the reckless proceedings of abolition fanatics,
resolutely enters upon the policy of fostering
local industry, vast change will be COM
menced in the condition of things in the North.
These results are all being fastened by the
reckless determination of the republican mi
nority in Congress to elect Sherman on the rule
or ruin policy. They look only to the present
political triumph, without rejecting that it
must end in their own ruin. The North will
as decidedly reject the incendiary and agrarian
teachings Of Seward, Helper, Sherman and
John Brown, a. does the South. The reaction
has begun here, and is advancing rapidly. The
great mass of conservative feeling in the COM
mercial central States is already aroused, and
five hundred thousand voters who for years
have not gone to the polls will go on the first
occasion to cast their votes against this abo-
ition incendiarism, and in favor of the consti-
tuition and the Union. The election of Sher-
man, on his Helper endorsement will only add
to the excitement and insure the ultimate
result.
EFFECT OF Our ACCOUNT OF THE FUGITIVE
SLAVES IN CANADA-The interesting account of
the condition of the fugitive slaves run off by
- Il