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SOUTHERN SECESSION MOVEMENT.
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Conservatives Disgusted with Sectionalism- Probable Rupture in the Cabinet - Financial Distress and Commercial Prostration in Charleston, S. C. - Cotton Declining - A Clergyman talks of Bibles and Revolvers - Suspension of the Farmers’ Bank of Virginia.
AUGUSTA, GA., November 20. - The conservative sentiment of the South appears to be disgusted at the increasing sectional wrangles, and considers that the Northern States should promptly convene their Legislatures and repeal their unfriendly laws, and urge a Convention of all the States, to make a prompt and united effort to preserve the Union and country from bankruptcy, anarchy and ruin.
The New York Herald’s Washington correspondent indicates a probable rupture in the Cabinet on the secession question.
CHARLESTON, S. C., November 20. - This has been the most gloomy day yet among the merchants.
A heavy cotton-house and other smaller houses have suspended.
The banks have resolved to co-operate together, and still positively refuse to make any discounts.
Cotton is Declining. The stock on hand is now 50,000 bales.
Several of the heavy planters refuse to send forward their cotton at present, preferring to waiting for a reaction.
Sterling Exchange down to 95c. Financial matters are rapidly approaching a climax. Trade is completely prostrated.
News of the suspension of the Farmers’ Bank of Richmond was received this afternoon, during business hour.
The Banks here are determined to hold out as long as the New York Banks do.
Captain Berry, of the steamer Columbia, has been presented with a gold-headed cane, to-day, for raising the Palmetto flag on his vessel.
Rev. Mr. Yates mad a speech on the occasion, during which he said that if the South required it, he would go into the foremost rank, with a Bible in one hand and a revolver in the other.
RICHMOND, VA., November 20, - The Farmer’s Bank of Virginia has suspended specie payment, and resolved to pursue a course of policy to prepare for early resumption.
Other Banks will follow, as a prudential measure during the present pressure. There is a terrible pressure in the money market and nothing doing in the produce market.
Flour is dull and declining, with few sales, and the market is overstocked. All the mills have stopped operations, excepting the Gallego Mills. Wheat has declined ten cents a bushel.
RICHMOND, VA., November 21 - The Enquirer to-day publishes an important letter from Gov. Letcher, in reply to that of John S. Brisbane, of Pennsylvania, who ridicules secession, and states that 200 Virginians have tendered him their command, in event of disunion, &c.
The Governor, in reply, administers a severe rebuke to the Northern nullification States, and shows that dereliction on the part of the North is the prime cause of the present dangerous troubles. He advises the people of the North to correct public sentiment at home, and discharge their constitutional obligations with strict fidelity. He then indicates his determination to defend the State of Virginia, and stand as a mediator, an armed mediator, if necessary, between the Southern States and their assailants, come from what quarter they may. This letter creates a great sensation here.
All the Richmond and Peterboro’ banks have suspended payment.
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New York News.
NEW YORK, November 20 - Counterfeit fives on the Mechanics’ Bank of Newark, twos on the International Bank of Portland, Me., and ones on the Marine Bank of Boston, are in circulation; also, quarter eagles.
Rover Schwartz, a German, committed suicide last evening, by shooting himself in a Harlem railroad car.
The rumor that the Metropolitan Bank refuses incurrent money is unfounded.
NEW YORK, November 21. - The steamer Persia sailed to-day for Liverpool, with eighty-six passengers, and $64,000 in diamonds or freight. Among the passengers was W. S. Lindsay, who has been to this country on commercial mission.
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The Harvard College Trouble.
BOSTON, November 21. - The names of the Sophomores suspended at Harvard College yesterday, for “hazing’ the Freshmen, are as follows: Chas. Jackson, of Boston; Chas. Emerson, of Staten Island; Augustus Baker, of Albany; A. Z. Hazeltine, of Philadelphia; John L. Ward, of Salem; Chas. F. Fearing, of New York; J. T. Hildreth, of Cincinnati; H. S. Edwards, of Boston. Jackson was dismissed for two years; the others for one year.
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Fire in Laconia, N. H.
BOSTON, November 21. - A fire in Laconia, N. H., last night, destroyed twenty-five buildings, including the Cerro Gordo House, the Post-offices. Loss about $100,000. Nearly all of the business portion of the village was destroyed.
The machine-shop of the Mannikeag Cotton-factory, in this city, was destroyed by fire last night, O. C. Smith sustained a loss of $8,000; no insurance.
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Later from Havana.
CHARLESTON, S. C., November 20. - The steamer Isabel has arrived, from Havana on the 17th.
The Sugar market was steady, with light sales. The crop accounts were favorable.
Exchanges were a fraction lower.
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Flour-mill Burned - Loss $45,000.
OSWEGO, N. Y., November 21. - The Huron flour-mill in this city, owned by W. W. Baker, of Lockport, was destroyed by fire last night. Loss on building and contents, $45,000, on which there was an insurance of about $30, 000.
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The Steamer Pacific Disaster - Eleven Lives Lost.
LOUISVILLE, KY., November 21, - As far as ascertained, eleven persons were lost by the burning of the Pacific, mostly boat hands and deck passengers. No Northern people are among the lost.
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From Philadelphia.
PHILADELPHIA, November 21. - The brokers of this city refuse to take the notes of the Bank of Commerce, of Erie, and the Pittston Bank.
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