First--A dissolution of the Union by the South would, in no manner, secure to her the object she has in view.--The leaders at the South, both in the church and in the state, must, by this time, be too well informed as to the nature of the anti-slavery movement, and the character of those engaged in it, to entertain fears that, violence of any kind will be resorted to, directly or indirectly.[[A]] The whole complaint of the South is neither more nor less than this--THE NORTH TALKS ABOUT SLAVERY. Now, of all the means or appliances that could be devised, to give greater life and publicity to the discussion of slavery, none could be half so effectual as the dissolution of the Union because of the discussion. It would astonish the civilized world--they would inquire into the cause of such a remarkable event in its history;--the result would be not only enlarged discussion of the whole subject, but it would bring such a measure of contempt on the guilty movers of the deed, that even with all the advantages of "their education, their polish, their munificence, their high honor, their undaunted spirit," so eloquently set forth by the Hon. Mr. Hammond, they would find it hard to withstand its influence. It is difficult for men in a good cause, to maintain their steadfastness in opposition to an extensively corrupt public sentiment; in a bad one, against public sentiment purified and enlightened, next to impossible, if not quite so.

[Footnote [A]: "It is not," says Mr. Calhoun, "that we expect the abolitionists will resort to arms--will commence a crusade to deliver our slaves by force."--"Let me tell our friends of the South, who differ from us, that the war which the abolitionists wage against us is of a very different character, and far more effective. It is waged, not against our lives, but our character." More correctly, Mr. C. might have said against a system, with which the slaveholders have chosen to involve their characters, and which they have determined to defend, at the hazard of losing them.]

Another result would follow the dissolution:--Now, the abolitionists find it difficult, by reason of the odium which the principal slaveholders and their friends have succeeded in attaching to their name, to introduce a knowledge of their principles and measures into the great mass of southern mind. There are multitudes at the South who would co-operate with us, if they could be informed of our aim.[[A]] Now, we cannot reach them--then, it would be otherwise. The united power of the large slaveholders would not be able longer to keep them in ignorance. If the Union were dissolved, they would know the cause, and discuss it, and condemn it.

[Footnote [A]: There is abundant evidence of this. Our limits confine us to the following, from the first No. of the Southern Literary Journal, (Charleston, S.C.):--"There are many good men even among us, who have begun to grow timid. They think, that what the virtuous and high-minded men of the North look upon as a crime and a plague-spot, cannot be perfectly innocent or quite harmless in a slaveholding community."

This, also, from the North Carolina Watchman:--

"It (the abolition party) is the growing party at the North. We are inclined to believe that there is even more of it at the South than prudence will permit to be openly avowed."

"It is well known, Mr. Speaker, that there is a LARGE, RESPECTABLE and INTELLIGENT PARTY in Kentucky, who will exert every nerve and spare no efforts to dislodge the subsisting rights to our Slave population, or alter in some manner, and to some extent, at least, the tenure by which that species of property is held."--Speech of the Hon. James T. Morehead in the Kentucky Legislature, last winter.]

A second reason why the South will not dissolve the Union is, that she would be exposed to the visitation of real incendiaries, exciting her slaves to revolt. Now, it would cover any one with infamy, who would stir them up to vindicate their rights by the massacre of their masters. Dissolve the Union, and the candidates for "GLORY" would find in the plains of Carolina and Louisiana as inviting a theatre for their enterprise, as their prototypes, the Houstons, the Van Rennsselaers, and the Sutherlands did, in the prairies of Texas or the forests of Canada.

A third reason why the South will not dissolve is, that the slaves would leave their masters and take refuge in the free states. The South would not be able to establish a cordon along her wide frontier sufficiently strong to prevent it. Then, the slaves could not be reclaimed, as they now are, under the Constitution. Some may say, the free states would not permit them to come in and dwell among them.--Believe it not. The fact of separation on the ground supposed, would abolitionize the whole North. Beside this, in an economical point of view, the demand for labor in the Western States would make their presence welcome. At all events, a passage through the Northern States to Canada would not be denied them.

A fourth reason why the South will not dissolve is, that a large number of her most steady and effective population would emigrate to the free states. In the slave-selling states especially, there has always been a class who have consented to remain there with their families, only in the hope that slavery would, in some way or other, be terminated. I do not say they are abolitionists, for many of them are slaveholders. It may be, too, that such would expect compensation for their slaves, should they be emancipated, and also that they should be sent out of the country. The particular mode of emancipation, however crude it may be, that has occupied their minds, has nothing to do with the point before us. They look for emancipation--in this hope they have remained, and now remain, where they are. Take away this hope, by making slavery the distinctive bond of union of a new government, and you drive them to the North. These persons are not among the rich, the voluptuous, the effeminate; nor are they the despised, the indigent, the thriftless--they are men of moderate property, of intelligence, of conscience--in every way the "bone and sinew" of the South.