But the North will never consent to the separation of the States. If the South persists in the course on which she has entered we shall march our armies to the Gulf of Mexico, or you will march yours to the Great Lakes. There can be no peaceful separation. There is one way by which war may be avoided and the Union preserved. It is a plain and a constitutional way. If the slave States will abandon the design, which we must infer from the remarks of the gentleman from Virginia they have already formed, will faithfully abide by their constitutional obligations, and remain in the Union until their rights are in fact invaded, all will be well. But if they take the responsibility of involving the country in a civil war; of breaking up the Government which our fathers founded and our people love, but one course remains to those who are true to that Government. They must and will defend it at every sacrifice—if necessary, to the sacrifice of their lives.

Mr. GUTHRIE:—I came here with my colleagues representing a Southern State. I have had full and free communication with the people of all portions of the South, before, during, and since the election of the sixth of November, and I state here, that I have never dreamed that there was the slightest objection anywhere to the inauguration of Mr. Lincoln. To-day is the first time I ever heard the question raised, and yet I do not believe that any such objection now exists.

It is said that this is not a fit time to hold such a conference—not a suitable time to consider the questions now before us. Is there any reason why we should not consider the rights of any section of the country, whether a President is going out or coming in? As one delegate I will not consent to postpone the action necessary to secure our rights for any such reason as this.

Now, as to this question of slavery in the Territories. It is true that the Supreme Court has decided it in favor of the South. It is equally true that parties have repudiated that decision both in platforms and on the stump.

When territory has been acquired by the blood and treasure of the common Union, you cannot exclude one portion of the cestuis que trust from its rights. The Supreme Court so decided, and its decision was just and equitable.

At the South, we ask for our rights under the Constitution. We say, let all questions which affect or concern them be decided. The gentleman from Massachusetts says he will not give them up, that his State will not yield. Well, if this is so, let us go to the ballot box. If the question is decided in the gentleman's favor there, we know how to take care of ourselves.

The gentleman from Massachusetts does not understand this question. He does not understand why we of the South want it—why we must have it settled. There was a time when the embargo law threw our slaves out of employment. The North then contemplated a dissolution of the Union. Why? Because she thought the Government wanted power—was inefficient. Now, there is a sense of insecurity felt throughout the South. Our property is depreciating, going down every day. We feel this want of security very deeply, this want of faith in the Government under which we live. The South is in agitation.

Suppose some event should in some way strike down the value of your property at the North. Would you not wish to have its security restored? Would you not call for guarantees? If you would not, you are not men. This is all we want; all we ask for, is security. There is nothing in the territorial question that we may not settle by a fair compromise.

The commonwealth of Virginia called this Conference in high patriotism. I have an earnest faith in her sincerity and her purity in doing so. She hoped to meet her sisters animated by the same patriotism—that they would join with her in granting the assurances, in giving the securities we need. Gentlemen, you can give us these securities—these assurances. We shall then go home and tell our people that we can still live on together, in security. Will it do to say that this cannot be done before the inauguration of Mr. Lincoln? No! No such answer should go to the people of any of the States—no such answer will satisfy them. Give us the guarantees here. We will satisfy the people of the whole nation as to the appropriateness of the time.

There is no truth in the assertions of the gentleman from Massachusetts. We are willing to go before the old commonwealth of Massachusetts with all her glorious memories, willing to go before New York with her half million of voters, confident that both will do us justice. Why stand between us and the people? At least, let us ask their judgment upon our propositions.