Trade and Panics [pp. 159-164]

TRADE AND PANICS.
Republican President, in 1860, would prove the hope to be a
delusion; and the declaration of war which the great leader
of this party has made against the parts of the Constitution,
indispensable to the preservation of our equality and rights
would justify, before the inauguration, a coup d'etat in the
oppressed section, to prevent her subjection to the dominion
of traitors to the best Constitution which has ever existed established by men unequalled for wisdom and patriotism.
NOTE.-The case to which we have referred in Wisconsin has not yet been re ported by the Reporter of the Supreme Court of the United States. We have
seen another newspaper statement than the one on which we have relied, and ac cording to that, one Booth was arrested in that State by the authority of the
United States for a violation of the fugitive slave law; and upon his applica tion to the Supreme Court of Wisconsin for the writ of habeas corpus, it was
issued, and upon the return of it the court decided it had final jurisdiction
within the State on the constitutionality of the laws of the United States, and
power, therefore, to forbid themn to be executed within the limits of Wisconsin.
The prisoner was released from the custody of the marshal, in virtue of the judg ment of the supreme court of that State, that the fugitive slave law is unconsti tutionial and void. This judgment that court attempted to protect against a judi cial review, by refusing to allow an appeal to the Supreme Court of the United,
States. But the accomplishment of this object was prevented by the existence
of a copy of the record of the State court, which the Attorney General of the
United States had previously obtained, and upon which the Supreme Court of
the United States unanimously reversed the decision of the Wisconsin court
upon all points, including the unanimous affirmation of the constitutionality
of the fugitive slave law. The State legislature has since adopted a series of
resolutions defying the Supreme Court of the United States, and selected by a
large majority, as a judge of the supreme court of the State, the lawyer who
aided and defended Booth, in preference to the other candidate, who was for
sustaining the law, and recognizing the Supreme Court of the United States as
having authority in Wisconsin. According to either statement of the case, the
judgmlent of the supreme court of that State was a glaring violation of the
Constitution of the United States.
ART. IV.-TRADE AND PANICS.
WE once passed down the Mississippi, landing at many
places between Cairo and New-Orleans. We never were so
melancholy in our life. either before or since. We felt all the
while as we suppose Noahls dove did while she in vain searched for a dry and secure resting-place. The all-devouring and
resistless river had made its inroads first on this side then on
that, now depositing alluvium and forming new lands, soon car
rying off the lands which it had formed, occasionally under
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