The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1861-03-14
PRICE TWO CENTS,

~ Ienee'im ims the exercise of the power or the
PoMcr ltseIi' ol coectlng duties under the acts o
I'D Tb ~ al Tue southern ports. The President
anu the Caoinet are legally Incapable of recornizipp
the Independence of the Southern ConfndeTacv Q
NO such thing, OF course, will be asked as ayorv
one knows it could not be granted bv the EvoortiJ
uoVernment. ihere Is another very important fact
IN connection with the withdrawal of the garrison
corporal with slender guard is to be left in the
Tort, holding 1t In the name of the United States.
to be surrendered upon the demand of the Confed.,
crate authorities The sovereignty of the fort is
| not ceded. The United States is oused of the
| possession, or viii be when it is surrendered to
superior force. This continued possession by the
| corporaPs guard seems to be in the nature of
What lawyers call continual claim, upon the part
OF dlsSieSee of lands and tenements through which
he legally debars the actual posesser by force from
acquiring any shadow Of right from length of time.
Inc question then is, in the present aspect of affairs
mas any one cause of quarrel been removed, or any
one point of difference or complaint between North
and South been touched at all? By the evacuation
OF Sumter, the Southern COniederacy will be saved
poth men and money, and will be most seriously
strengthened in the prosecution of their scheme of
t;ompiete t;n political independence As to cenclia-
ton IL can have no such effect 1t is placed by the
administration upon no such ground 1t is con-
Gesslon yielded most grudgingly to sheer necessity
IL VIII De most certainly regarded bv the Southern
men, ana possibly by candid men everywhere as
an advantage and a triumph wrung from fear or
reluctant weakness This ground of present mill
tary necessity, backed by the Judgment of the
General, is perhaps the very best which
tne hepuDlcan ADMINISTRATION can rest upou if thew
wish to retain any portion of credit or reputation
LOT the government of the United States in the
eyes OF foreign nations. In any other LIGHT il
must ana VIII be regarded as tantamount to the
recognition OF the independence of the Southern
Coniederacy, and the constitutional right of seces
sion from the Union. government thus consti-
tuted would, in the eyes of other nations be
ephsluerGd as no government at all. 1t would, in
tGeir Judgment, be utterly unworthy of credit
Neltner debt nor treaty could be enforced against
political association from which any one of tbirty
lour members could withdraw at will, from caprice
U. passion. Inc thunder-cloud there, in my iudg- !
ment at least,is neither dspeed nor robbed of ifs
llghtnlng by this act of constrant
A hENTUCKIAN IN BALTIMORE,
We are permitted to copy the following extract
from letter written by merchant of large busi.
ness IN New Orleans, to a member of his family in
this city, The writer is welI-known to u.s. personal.
~, as gentleman Of intelligence, character and
moderate views. and his sentiments NAV be taken
as fairly representing those of the mercantile COM
muhity TO which he belongs.-EDs. EXCHANGE
New ORLEANS March 9th.
nave Deen no unlnterested watcher of the posi-
ton OF Baltimore, and have read with anxiety
everything OF Importance transpirng there. Hav-
ing no faith in or love for Yankeedom I have
thought all the acts of the Republicans have been
urlltlng towards coercion. As thev think
they have the ability to whip us, | shall be very
much surprised II they do not try it: but | await
patiently the development of Iincoln's noIicv "
This point will doubtless be the first attacked,
charleston being too small; although of course,
there may be collision there at any moment not
withstandlng President Davis policy is to exhaust
all peaceful measures before resorting to force.
Ihe election of Dacis has, / think, united he
South almost to a man. The military spirit here is
very strong, and we shall be assisted by Mssissip-
pi, which has scarcely any sea coast that is not pro-
tected by shoal-water. | do not believe that any
thing will induce the Coniederated States to take
it must. :
My business is going usual. Indeed we
nave never sold as much. We have made since the |
ISL Oh November $, the same amount we |
made last year during the same period Last month
the amount oi our sales was unusually heavy. So, |
you see, thus far the panic has not injured me- | |
ieei, however, like taking my part at all hazards,
IN this Southern movement. know and believe
IN our people, and am willing to bear my share in
all the ills, pecuniary and otherwise, that NAV be
entailed on us, by maintaining the fixed and lust
position we have taken. '