The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1861-03-27

MONTGOMERY, March 25.-All idea of coerco
must be abandoned; this is the only practical az
tlon convention of States can now take Tb
| Republican issues and the irrepressible coniit
must be given up. Commercial reciprocity mu:
preserve the balance of the country. In the State
| northwest of the Ohio river, there must be a pc
| ntical crevasse of Democrats and Unionsts, form
| ing perfect fusion. The planting mapufactp,
| ing and commercial interests of the country ar
harmonious. and sustain each other. The prea
North-W est must accept the Confederate Constitu
tion, and ask admission to the Confederacy of tn
| south, thus forming an ocean-bound Republic.
The fossils who are fighting against destiny, b
! becoming enemies to the slave States, will hav
| put Meeting career. Europe is to be our intel
lectuai battlefield, and victory will surely PEREZ
on the banners of the ruling spirits in this cnoHic
and they are the leaders of secession
PRESIDENT Davis is thoroughly i've to the con
test. The South will send brilliant representa-
tlves to every European Court, and her success i
All is quiet here.
WASHINGTON RUMORS.
lE Extracts from the Correspondence ofe Northern E,a,
ndis.l
IMPORTANT REPORTS RELATIVE TO THE CoYrEpER ATF
STATES.
Intelligence received here to-day from Montpom.
cry states that by the 1st of April there would be
concentrated at Pensacola five thousand troons
from the onfederate States This sudden move
ment OF troops in that direction was made upon the
statement that reinforcemepts had been sent from
Government deemed it advisable to be fuiiv prc
pared Tor every emergency.
good deal OF uneasiness exists at MONTGOMERY
in regard to the delay of the commissioners in
having definite understanding with the Federal
government as to the relations wbich the secedino
States are to sustain to the authorities at
ton. The Cabinet at Montgomery are not unit on
Its policy. The war element in it is for abrupt and
dehnitive movements, looking to a collision, and
the precipitation of the border States into the
Southern Contederacy; while the peace marty j.
striving to effect settlement of the questions by
qlplomacy, with view of securing the peaceful
exit OF the cotton States out of the Union hoping
by the laws of affinity and interest to draw after
them the central slave States. To the cotton party
the three commissioners belong. They are each
identified in feeling and policy with those who seek
pacific adjustment of the question. Hence the
reStlessness of the war wing at Montgomery
1t Is, perhaps fortunate for the interests of the
country that the commissioners are of this way of
thinking, for they hold in their hands the issue of
peace or war. They yesterday received their first
months salary-a thousand dollars each.
THE GOVERNMENT LOAN.
Ihere Is a prospect now that every dollars of TIE
eight million loan advertised by Secretary Chase
Will be taken at fair rates.
There now six hundred thousand dollars in
the vaults of the treasury, and draft was made
upon New York to-day for two hundred thousand
dollars more. An unusual draft will be made upon
the treasury in this city in few days, in conse-
quence of the fact that all the troops now in this
city will be paid off here.
The present debt of the United States is about
nlhety-nVe millions The loan authorized amounts
in all to thirty-fve millions-twenty- five in the
first bill, and ten millions in the tariff bill
DISTRACTIONS To THE MAILS IN VIRGINIA
The Postmaster General is experiencing some
trouble from the new mail agents in Virginia The
people along the routes threaten tar and feathers
to the unlucky agents if they attempt to do their
DUTY; and one has already resigned, and the other
IS expected to throw up his commission Several
Virginia Republicans have presented themselves for
the vacancies, and will serve at all hazards If the
people interrupt them, the mails are likely to be
cut off.
The Department has determined to postpope
the appointment of pestmasters and mail agents
throughout the State until after the State election
IN May next. clean sweep will then be made.
THE SOUTHERN MAILS.
Orders upon the postmasters along their routes
have been sent out by the Auditor of the Post
Othce Department in favor of the contractors for
carrying the mails in the seeding States, for the
payment OF all moneys in their hands, to meet the
governments Indebtedness to them at the close of
the present quarter on the 1st of April. IF paid
there will be no difficulty. If refused the DEPART
ment will decide whether the mails should be con-
tinued after such default
SECRETARIES OF LEGATION.
Mr. Wilson, of Illinois, who is to be Secretary of
Legation at London, has no diplomatic experience,
neither has Mr.. Pennington, Jr. who is spoken of
LOT fafis, out to whose confirmation some have
objected. George w. Lippitt, who has been Sec
retary OF Legation at Vienna for some years, will
be retained, which will be of great advantage to
Mr. Burlingame, the new Minister. W. II. Cor
win will accompany his father to Mexico, and
Aaron Goodrich, of Minnesota will 90 to Belgium
with Mr.. Sanford.
DEsERTIoNs AT WASHINGTON.
There is considerable degree of excitement
here in consequence of the deserton of several men
from the Federal forces which were drawn together
Tor the defence OF the capital. 1t is rumored that
the deserters have gone South for the purpose of
10lnlnp the of the rebels and cnic IF
foul play between officers and men are freely ex-
pressed
THE TREASURY.
There are between $500 900 and 5000 900 in the
treasury here, collected mainly for the quarterly
disbursements, at the end of this month General
Spinner takes his new office quito easily, and scru-
tinizes the payments rigidly.
THE CLAIMS AGAINST CHILL.
The claims of American citizens against Chilli
nave been referred to the arbitration of Belgium.
Caleb Gushing is their principal counsel This
reference is the reason assigned for hurrying Mr..
Santord's departure to Europe. He sails on Sat
urday next
THE STOLEN INDIAN BONDS.
Parties holding the Indian distracted bonds are
urging the government to withdraw the claims
against the bona fde holders. The matter has
peen submitted to the Attorney General. Many
legal gentlemen, who have had the matter under
consideration, maintain that the government should
at once release these bonds. The present Attor-
ney General, however, is understood to hold ad-
NeIscIy W tudI view OF the case.
COMMENTED AND sALUBRIoUs.
Horace Greeley is in town, looking quite con-
tented and salubrious. Weed left for New York
this evening.
THE SAN JUAN QUESTION.
The Senate will not dispose of the proposition to
refer the San Juan question to arbitration. Mr..
Douglas opposes it very earnestly; first, because
he thinks the American title perfectly clear; and
second because be thinks to accept arbitration in
so clear case, would be a concession to Great
Britain, and be considers the present the worst of
all times at which to do that. Mr.. Buchanan re-
ferred the question to the Senate during the last
session, but no action was had.
MISCELLANEOUS ITEMS
Several United States soldiers were on a spree on
Monday, and became very disorderly, and gave
cheers for Jefferson Davis in the streets. They
were carried to the watchhouse.
The President has conferred West Point Ca
det's appointment upon Henry Yeager, of Louisi-
ana, to fill vacancy in the Military Academy,
from that State
Dr. Thomas IL. Fisher, of Fauquier county, is
doubtless to be the new United States Marshal of
the Eastern District of Virginia; and A. Judson
Crane, Esq, of Richmond, to be the new District
Attorney OF the same United States judicial district
Carl Shurz tells his friends that he declines ac-
cepting either South American mission or the
mission to Portugal, designing to return to Wis.
consin.