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Zzzthe disunion question—a conservative Reaction in the South.

We publish this morning a significant letter from Governor Letcher, of Virginia, on the subject of the present disunion excitement in the South; southern constitutional rights, Northern-State acts of nullification, and the position of Virginia in this crisis. * * * To this end would it not be well for the conservative Union men of the city of New York to make a demonstration—a northern movement or conciliation, concession and harmony?

Coercion, in any event, is out of the question. A union held together by the bayonet would be nothing better than a military despotism. Conciliation and harmony, through mutual concessions, in a reconstruction of the fundamental law, between the North and the South, will restore and perpetuate the union contemplated by the fathers. So, now that the conservative men of the South are moving, let the Union men of the North second their endeavors, and let New York, as in the compromise of 1850, lead the way.

And on the following day, November 24th, the Tribune says:

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