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Southerners abandoning Virginia.

The letter published yesterday, from a young gentleman of the University, states that, in the event of Virginia's adhering to the North, our noble University, which has derived so much of its patronage from the South, will be abandoned by Southern students. It is well known that, for several years, the combined efforts of gentlemen in Louisiana, Georgia, South Carolina, Arkansas, &c., have been devoted to the establishment of a grand Southern University, richly endowed, and intended to take rank with the great continental Universities. This institution will soon go into operation, and would, under any circumstances, prove a formidable rival to the University of Virginia. In such a crisis as the present, we shall not be surprised, in the event of Virginia's adhesion to the North, to see it flourish upon the ruins of our own popular school.

In fact, there is no interest of Virginia which will not suffer by a stupid adhesion to the Northern Confederacy. All the manufacturing we now do is for a Southern market.--The North buys nothing of the South that it can produce itself. We are entirely dependant upon the South for the support of our manufacturing industry, and, at this moment, the only employment our Richmond artisans receive is from the Confederate States. So, too, in summer, our watering places are principally supported by gentlemen from the South. Northern visitors rarely come to Southern springs, and, but for the support they have from Southern gentlemen, they would be comparative solitudes. We fear that there will be a great falling off hereafter in these annual re-unions of the Southern people, which have proved so agreeable to Virginians, and profitable to various localities in Western Virginia.

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