Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1861-02-21
BY TELEGRAPH.
INAUGURAL ADDRESS OF PRESIDENT DAVIS.


MONTGOMERY, ALA, Feb. 18th, 1861.
On Yesterday at o'clock amid an imposing display
of citizens military and ladies' the President eect-en
Jefferson Days-was inaugurated President of the
Southern Confederaed States He said the States have
asserted and with the blessings of Providence intended
to maintain their position by achievements and in man.
ner unprecedented in the history OF nations.
The verdict of mankind will vindicate the rectude of
hsur conduct He who knows the hearts of men will judge
of the sincerity with which have abored to preserve
the government of fathers in its spirit The right
soemny proclaimed at the birth of the States and which
had been affirmed and reafirmed in the Bills OF Rlghts
of States which were subsequently admitted into the
Union of 1885, undeniably recognize in the people the
power to resume the authority delegated for purposes OF
government.
The sovereign States here represented have proceeded
to form this Confederacy and it is by abuse of Ian
guage that their acts have been denomnated revolution
Moved by no interest passion to invade the rights OF
cultivate peace and commerce with all
nations if may not hope to avert war; we may at least
expect that poserity will acqut of having needessy
engaged in it. Doubly justified by the absence Of wrong
on our part and by wanton aggression the part OF
Others there be to doubt that the courage and
patriotism of the people of the Conederated States will
be found equal to any of defence which their
security may require.
our necessities will permit There can be but little rivalry
between and any manufacturing or navigating
communities such the Northern and Eastern States
of the old American Union.
1t must follow, therefore, that mutual interests would
invite good will and kind Offices. IT, however, passion
or lust of dominion should cloud the judgment, or in
flame the ambition of those States must be prepared
to meet the emergency and maintain by the sword the
position we have assumed
We have entered upon career of independence, and
must be infexbly pursued through many years
of controversy with our late associates.
II just perception of mutual interests shall per-
nit u.s. shall peaceaby pursue separate political
career but if this be denied it will remain for US, with
firm resolve to appeal to and to invoke the bes-
sing Of Providence in just
As consequence OF our new condition, and with a
view to meet anticipated wants. it will be necessary to
provide speedy and efficient organization of the FIX
ecutive Department, having special charge of foreign
intercourse finance military affairs, and the postal ser
vice.
For purposes of Defence the confederate States may,
under ordinary circumstances, rely mainly upon their
militia but it is deemed advisable in the present condi-
ton of affairs that there should be force than is
usually required on peace establishment.
He recommends Navy aud other measures and
speaking of himself says You will see many errors to
forgive-many difficulties to tolerate but you shall not
find in me either want of zeal or fidelity to cause
that is to highest in hope, and of most enduring
; affection.
FROM WASHINGTON.
WASHINGTON CITY, Feb. Goth, 1861.
Congress- Yesterday.
In the Senate yesterday the Tariff bill was taken
up, debated and amended.
The House refused to lay Stantons force bill on the
table by large majority, and the bill discussed
Many border State members attacked it vehemently,
declaration of war.
The Naval Appropriation Bill was discussed
: PEACE CONGRESS-
|. Nothing of Importance done yesterday. Some pro
postos will be adopted this week. but it will prove
unsatisfactory to the saveholdng States
+ VIRGINIA CONVENTION.
RICHMOND, VA, Feb goth, 1861.
Yesterday the conventionstened to the eloquent ad
dress of Mr. Preston, Commissioner from South Caro-
) lima. resolution introduced in effect that Vr
gnia should propose ultimatum and if not accepted
that she should leave the Union.
FROM MISSOURI
ST. LOUIS Mo-. Feb. Goth, 1861.
Returns of the election for delegates to the State Con
vention, Indicate Union majority in the State
ARRIVAL OF THE STEAMSHIP JURA.
Z New YORK, Feb. Goth, 1861.
n The Steamship Jura, arrived here yesterday from
+ Liverpool, with dates to the 9Th inst
The Liverpool Cotton market opened 1-l6d. to I'D
d higher but closed with downward tendency. Bread
stufs closed with an upward tendency. Consols had
: declined
LATER BY THE JURA.
r New YORK, Feb. 20, 1860
The English underwriters have increased the rates
! insurance one per cent on Southern cargoes
The King of Naples had issued appeal to the peo
pie of the Sices, Offering them extraordinary conces
sions.
q The Papal troops had been recalled to Rome.
The Sardinans had evacuated the Papal Provinces
The advance in cotton chiefly in the finer quail
ties Flour was slightly higher Wheat has advanced