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Jan. 4.--“A resident of Chicago, Ill., who has been travelling through the Southern States for the last two months, in a quiet and observant manner, says: that the greatest alarm and fear exist among the slave owners, in consequence of certain evidences which they have discovered, of an expectation on the part of the slaves of events soon happening which will result in their universal liberation. Every one who has been much in the South, knows the manner in which intelligence is disseminated among the slaves. The hotel waiters, the barbers, the private servants of gentlemen and families in cities, are the first ones to hear what is going on. Constantly present with their masters, and the travelling population, they hear all the conversation, and if it bears upon their own interests, they treasure it up with a very retentive memory. The constant theme in the South for the last two months, has been the election of the ‘Abolitionist Lincoln, and the free negro Hamlin,’ to the Presidential chair, and the consequences that were to result from these events. The slaves have heard all this, and they have told it to their companions, and the news has spread to the plantations with that celerity which is so remarkable a feature of slave life. The news has not lost any by travelling, and there exists now a very general belief among the slaves that an army from the North is soon to march down to the South and liberate all the slaves. They think their liberation will be accelerated if they make a rising themselves; and some such struggles have been made. They have been put down with great severity, and hushed up as much as possible. Some slaves have been burned at the stake, others hung, others sold to go further South; and every one says as little about the insurrection as possible. But so fearful are the planters of a rising, that the slaves have all been deprived of their usual Christmas indulgences and visits, and have been confined closely to their own plantations. The police regulations are made still more strict, and every precaution possible is taken to prevent an eruption of the smouldering volcano, which sooner or later must take place. The large planters, as a general thing, are not earnest secessionists, and they fear the effect of secession upon the value of their property. The chief secessionists are the politicians of the towns and cities, and they have produced such a state of feeling that no one dares openly to express anti-secession opinions.” --Chicago Democrat.

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