From the North.

The last Northern news, in our paper to-day gives another chapter of the epistolary contest between Governor Seymour, of New York, and President Lincoln. The former is a little more bold, while the latter is still firm and determined in pushing on the draft. What the Governor will do now remains to be seen. The papers speak of "great excitement," and a "State Rights" party is announced as having been formed in Gotham. Lincoln has the strong side of the argument, namely: The men and the arms, and appears to be firm and defiant. If both sides stand fast a collision must take place. But there will more than likely be some backing out.

The news from California is a little interesting. Trouble is brewing there it appears. Secession has begun to show itself a little. Well, without anticipating any particular movement among the people of the Federal States, or counting upon any great disturbance there in an especially short time, it is certain that there are enough of the elements of discord to produce at any moment a very great convulsion. Nothing can prevent it but the strong arm of military power, and even that may be insufficient. One good Southern victory would very much diminish the respect and fear in which it is held by the nation.

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