2 FEBRUARY 1861, Page 1

No further action of importance has taken place in America.

The Northern States, however, seem generally willing to accept Mr. Crittenden's compromise, the division of all new territory into two States, one slave and the other free, with right of subdivision under the constitution. The South rejects these terms, but the Border States, including Kentucky, Tennessee, Maryland, Virginia, and others, assent to the pro- position. The people of South Carolina are preparing for hos- tilities, but both Texas and Louisiana, on whose aid they relied, are reported favourable to the Union. A Convention from all the seceding States is ordered to assemble at Milledgeville, in February, to organize the Confederacy of the South. On the whole, the prospects of Civil War have not increased.