Year: 1860




The Pony which came in on Monda,
brings US more accounts of the fermeEta
tions going on in the South. Our south
ern brethren are, we are sorry to say, in
very unhappy state of mind bordering OF
insanity. Though no real cause for al
outbreak exists, it is possible, as in chol
era times, that intense fear of the diseas,
may bring it on, or at least,the continual
harping of northern sympathy with the ne
gro race may incite that race to insubor
dination, with the hope of obtaining helE
from the north.


The terrible hellaballoo we hear about il
South Carolina and other cotton states
must have some effect somewhere. What
the effect will be we can partially see. Thai
1t will not prevent the inauguration Of
Lincoln is as sure as he lives till the fourth
of March next, and that it will not frighten
him from carrying out his principles under
the constitution, we have the confidence in
his firmness to believe. The effect is, there
fore, to be looked for in a narrow circle,
circumscribing the agitating districts The
effect in reality begins to be seen there now
There is a panic, and all panics depreciate
the value of property. The banks are not
in healthy condition. They are not con-
sidcred safe. Rates of exchanges are high
er, and all kinds of property are regulated
in nd +l,o IL Al
tiers Of monetary power. Bills on the banks
of the agtated states have deprecated FIVE
per cent already. The tumult continued
will eventuate in a crash, disastrous to all /.


These Legislative proceedings against
the integrity of the states these talked of
conventions for the purpose of resistance to
the General Government; these wholesale
measures of repriSal and notification, must
like curses and chickens, come home to
roost.


When the banks are burst, and their bills
shall become as waste paper in the hands
Of their holders when credit shall be de-
stroyed, property rendered comparatively
worthless, and trade shall have deserted its
channels when doubt and uncertainty
shall take the place of stability and conf
dence, and certain and irremediabe stagna-
ton shall follow, then will the aggitating
States see the difference between King Log
and King Stork, if not before, and repent
their course. The evils they hope t, pro-
duce as u scourge to the North will rccoil
with force upon themselves.


The laws of political economy are certain
and well known. The attempts to destroy
the Union may tell upon the North to some
extent, and undoubtedly will but the great
evils will certainly come upon the turbulent
States themselves. The bulk of the Union
with all the Territories must 60 and belong
together, and this assurance, in the event
of n dissolution of the Union must give a
tone of permanancy to the greater confed-
eracy which the lesser cannot hope for in
any event. The belt of free States now
used as a hunting ground for fugitives will
be closed against the pursuers, greater cir
cumspectlon and severity must be used to
render property in the servile race secure,
whichnust eventually double the horrors
of an insurrection when it comes, and bor-
dered by powerful people having few SYM
Pathies in common-what have the refrac-
tory States to expect? The prospect might
auDal any one NOT vbo1lv unIcr tho coptrol
of and governed by passion.