The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-03-22

| ChI0xso8 a. Inc bec0S6lOn bpeclal ampaS-
ssdor to that State from Mississippi he
could see nothing amiss in holding on to
his position of q member of the Cabinet at
Washington. He returned to his department
only to find that the strong boxes thereof had
been plundered of several millions of dollars,
and then, initiating the indignant virtue Of
Floyd, he left the service of the administra-
ton in disgust because "Old Buck" would not
consent TO the policy of leaving Major Ander-
son to be starved out of Fort Sumter.
The chief Of these shining disunion lights of
Mr., Buchanan's Cabinet, that extraordinary
fnancier, Cobb, did his work pretty thoroughly
When he took charge of our federal treasury
he had handsome surplus at his command !;
but had he directed oil his energies, ingenuity
Office in question to the squandering of the
public funds and the destruction of the public
credit for the benefit of Southern conspi-
racy to overthrow the government, he could
not have achieved his task more completely
than it was achieved when he bolted for Geor-
gia- The Confederate States have not made
him their Secretary of the Treasury, because,
perhaps, they think be is not to be trusted.
What a happy old man sold Buck" must be
in escaping from this happy family of bis at
Washington. We have one satisfaction left to
wit that "Honest Old Abe's' Cabinet even
if disposed to steal and squander the public
funds, cannot do much in that way until they
shall have saved something
MORE SEcEssIoN-THE BORDER SLAVE
| SrATEs.-By telegraphic despatch in another
| column, it will be seen that the State Conven-
| ton of Arkansas has passed secession ordi-
nance, to be submitted to the vote of the peo-
| pie. Arkansas is likely to go the way of Texas
and of all the cotton States. By the news pub
lished yesterday it appeared that the secession
| but on reconsideration the ordinance was
passed, subject to the popular vote, which will
probably be for separation. The revolu-
ton of late is rapidly gaining ground in the
South.
1t is great mistake to suppose that there is
in any of the slaveholding States any conside-
rable number of men who are in favor of the
Union at all hazards and under all circum-
stances. With very few exceptions, the only
Union men TO be found are conditional Union
sts-men who have been prevented from So
ceding by mere hope that Congress, or the new
administration, or the Northern States would
take some action which would lead to a recon-
struction of the Union. But as soon as they
found that neither the Northern States, nor
Congress, nor the new administration, did any
thing calculated to heal the breach, but on the
contrary much to widen 1t, many of them be-
came secessionists; and it is very evident that
ever since the PRONUNCIATION Of the inaugural,
which proposes no remedy, but threatens
coercion, the secession movement has
gained ground in Virginia and all the
other slave States In North Carolina,
out of vote of upwards of $4,000,
the majority against holding secession
Convention was less than six hundred. The
| moment Mr.. Lincoln commences his coercive
measures, he may be prepared to hear of every
remaining slave State seeding, one after an.
other.
The telegraphic news from the Missouri
State Convention, which we publish elsewhere,
Indicates not only what that State will do, but
all the other slaveholding States, In the contin-
genoy of collision between the federal gov
eminent and the Confederate States. Though
the secession ordinance was voted down for the
present on Wednesday, yet in yesterdays ses-
sion the following resolution was adopted by
vote of SO to 6:-"That it is the opinion of this
Convention that the cherished desire to pre-
serve the country from civil war and to restore
fraternal feelings would be greatly promoted
by the withdrawal Of the federal troops from
e. oJ,lC L.
is danger Of q hostile collision; and we recon-
mend that policy" This is very significant
hint by all but unanimous vote of the State of
Missouri to Mr. Lincoln and bis administration,
and to all fanatics at the North who are urging
him to coercion.
The border slave States are only resting on
their oars. They are waiting to see what the
President will do, and what the extra session of
Congress, which he is expected to call, will
propose to the country If Mr.. Lincoln should
proceed TO collect the revenue from the seeded
States by force of arms, or to blockade their
| ports, and If the extra session of Congress
should not propose the new constitution of the
| Confederate States for adoption, the Union
cannot be reconstructed. The cotton States
will not come back, and the border slave
States will have to follow them in self-defence.
The best thing they could do just now is to
adopt the ultimatum Of the Confederate States;
for the result would be that the free States
would, one by one, follow their example, and
we should soon have, by this simple process, a
reconstruction on permanent basis. II the
New England States should think proper to re-
main out in the cold and not come into the
new Union, the country could manage to get
on very well without them, and there would
be the more harmony In the relations between
the States.
pnr Orr NJ