THE ELECTION OF BANKS—THE SLAVERY QUESTION.

One of the issues in the Presidential contest now going on, is the slavery question. A. O. P. X. Y. Z. Nicholson, of the Washington Union, who canvassed this State in opposition to Scott, and shed his crocodile tears before every crowd he addressed, because so good a man as Fillmore, who had stood firm for the rights of the South, had been set aside by an ungrateful Convention at Baltimore, to give place to Scott, the favorite of Seward—this miserable hypocrite, we say, now comes out and says, "Fillmore's abolitionism will suit the North."

The Central Democratic Committee for East Tennessee, in a call for a District Convention at Clinton, in May last, through the Knoxville Standard, conclude said call in this language:

"The time has again arrived when the national Democracy must rally to their country's call and preserve the Constitution as it is in its purity, and perpetuate the union of the States from the rain which the Black Republican Party of the North, aided by THEIR KNOW-NOTHING ALLIES OF THE SOUTH, would bring upon them. By order of the

"CENTRAL COMMITTEE."

The Sag-Nicht Convention held at Somerville, on Thursday the 8th of May, and which selected D. M. Currin as their Electoral candidate, adopted the following resolution:

"Resolved, That we have been appointed by the Democracy of this Electoral District to organize to fight, in the coming Presidential election, the Black Republicans and Know-Nothings. Resolved, That we can beat them, and we will do it. Resolved, That we will cordially receive the co-operation of all Old-Line Whigs who will assist us in carrying out these resolutions."

Now, the charge is here made that the Know-Nothings of the South are the allies of the Black Republicans of the North. This is the impression intended to be made, first by these concealed calumniators at Knoxville, and afterwards by the open and avowed slanderers of the same party at Somerville! With such wholesale lying as is displayed in both of these cases, we have but little patience: we only give their language, to show their recklessness in making such an issue. And although this Foreign party claim to be the guardians of Southern interests, we propose to show, before we conclude this chapter, that they are themselves the "allies of the Black Republicans of the North," and are giving them more "aid and comfort" than all the other parties in the country!

FRANCIS P. BLAIR, former editor of Gen. Jackson's organ at Washington, was the President of the Black Republican Convention at Pittsburg, in February last! John M. Niles; Democratic Senator in Congress, was President of the Black Republican Convention held in Connecticut! In the Pittsburg Convention, over which Blair presided, PRESTON KING, ABIJAH MANN, DAVID WILMOT, and JACOB BRINKERHOFF, Old-Line Democrats, figured conspicuously.