The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1860-11-26

THE SOUTHERN STATES, not inc ludng Delaware,
State debts the Of Sl3l 000, ,000 To
meet the interest of this debt qures burdensome
taxes. If they should set up separate confede-
racy, they will require an army, navy, postal
establishment, courts, &c. This would require at
least half the amount it costs for the entire Un-
ion, saw $40 600 600 As the first step of the
confederacy would be to abolish the tariff and open
its ports free to commerce, it would have to raise
its revenue by direct taxation. This is a most
pensive mode of collection, and large amount of
the sum collected, from passing through many
hands, would be lost But whether the revenue
will be raised by direct taxation or by duties on
imports, the amount will come entirely out of the
pockets of the Southern people. With large
debt and increased taxation, the new Government
will find itself crippled in its finances, its credit
impaired, and its people overloaded with taxation,
which certainly not the elements of prosperity
in government, old or new.-Phd Ledger.
A SUGGEsTGoN.-Amid the many suggestions of
the political newspapers we find one in the Louis
Vile Journal: ''1f our good friends of the Cotton
States, instead of spending hundreds of thousands
of dollars to place themselves in position for de-
| fence against imaginary evils and foes, would
| ploy John Bell, Stephen A. Douglas, Mr.. Memmin-
| ger, of South Carolina, and Mr.. Brady, of New
| York, representing the Southwest, Northwest,
South, and East of the Union, to carry the recent
! Chicago-rescue to the Supreme Court, they
would be putting their money to a profitable end.
Here is case involving the right to protection Of
slave property in Nebraska Territory, the very oc
cason required for carrying the question up to the
court vi WDere we can nave an autl0rl-
tative Interpretation of what the Constitution guar
| antees."
| EFFECT OF THE PANIC ON MANuFACrUREs.-The
Boston TrarelIer, of Friday evening, has this para
graph:
''The Providence Journal SAYS that owing to the
| stagnation in the market, Messrs A. w. Sprague
| have stopped their print works. We understand
that some of the other printers have for several
weeks reduced their production. The market for
prints has been dull for time, and in the panic
| in the New York money market sales are naturally
very limited but we have no doubt that trade will
soon revive, and that the works temporarily sus
pended will start again to their full capacity of
| production, and that the market will be all the
better for diminishing the present supply"
TRAGIC Love AFFAIR IN IowA.-On Sunday evening
last week ago, Frank Yocum shot and killed VIM.
Ball, near Mt Pleasant, Iowa. Both young men
were paying attentions to the same young lady. On
the evening of the tragic occurrence, \ focum es-
corted her to church, when Ball, out of spite, un-
tied Yocum's team. They subsequently, met, and
| after few words, Yocum shot his rival with re-
| volver, instantly killing him. He then gave him
self up to the authorities. Both parties are said
to have been highly respectable. Yocum claims to
have acted in self,defence.
THE VoTE OF ViRGINIA.-Gilmer county heard
from, officially, yesterday, gives Breckinridge Isl
majority, instead of l60, previously reported
This difference increases Bells maj jority to 259 as
far as heard from. We still expect to increase it
SO votes by the official return from Buchanan.-
The counties from which the official returns have
J not been received are Buchanan, Webster, and
! Wyoming.-Richmond W1i9, Nov. "a.