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The Southern Confederacy Convention.

Montgomery,Feb. 5.--The Convention met again this morning and proceeded to business.

During a discussion on the adoption of rules, Mr. Stephens, of Georgia, said ‘"the rules were made on the Principle that we are a Congress of sovereign and independent States, and we must vote as States."’

Pending a discussion on the adoption of resolutions providing for the appointment of a committee to report a form of Provisional Government, the Convention went into secret session.

A bill appropriating $500,000 to the cause of Southern independence passed both Houses of the Alabama Legislature to-day.

The Governor has signed the bill legalizing bank suspensions.

The stay law was defeated in the Senate, but an effort will be made to-morrow to reconsider it, which, it is thought, will be successful.

[Second Dispatch.]

Montgomery, Ala.,Feb. 6. --The North Carolina Commissioners presented their credentials and were tendered seats on the floor during the open session.

The Commissioner from Virginia is in the city.

The committee appointed in secret session on yesterday, has stated through its chairman, Mr. Memminger, that it will report on Thursday, a plan for a provisional government.

The Daily Dispatch: February 7, 1861. Richmond Dispatch. 4 pages. by Cowardin & Hammersley. Richmond. February 7, 1861. microfilm. Ann Arbor, Mi : Proquest. 1 microfilm reel ; 35 mm.

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