Southern Methodist Convention

We meniioned last week the meeting of this body ut Louisvillo, and the presence of three bishops, two of whom agreed to preside. We havo looked over the proceedings thus far, with somo interest. On Tuesday, Dr. Smitli, of Virginia, addressed the Convention about two liours, in support of the positions that the action of the General Conference on Slavery was wrong: that it must recede from its decisión, or división was inevitable: that the only recession that could satisfy the South was by giving up all interference with Slavery in its political aspect, and taking the apostolic ground that the church, as such, had nothing to do in the premises bul to regulate the dutiesof master and servant. This ground he believed the Conference would ncver consent to occupy: henee all hopo of nnion was at an end. On Wedncsday, Dr. Picrce spoke. - He was for immediate organization by the South.' The arjlation of this question, he said, had done us more harm ihan heil with all her legions. He referred to the supposition of some that the southern Methodist Church would make nexv articles of faith. To this he could never consent. Dr. Capers followed in support of the necessity of a separate organization. On Thursday, a committee to take into consideration the state of the Methodist Schools and colleges, was appointed. Also a committeo of finance, to consider the best method of obtaining a just portion of the book concern, and chartered fund,and recommend the best financial system for future operation. G. F. Pierce spoke at some length of the impossibility of a re-union with the North; and until the North would come bock to the Scripture ground, he for one would say, sepaiiatiox and independen-ce, now axd POREVEIÚ He strongly repelled the idea that they were about to alter the discipline, or e.stablish a proslavery church.The final proceedings have not reached us, but n separation is now deomod inevitable. A moro suicida] policy, in onr opinión, con Id not be pursued by theslaveholders. They have hithcrlo sheltered themselves from the seorn of the civilized earth under the rea) piety and high moral worth of the northern port ion oí the church, by whom they were toleratedj although not justified: but ubw the división is entirely of theirown seeking; and a separation is asked inerely for the puryose of holding slavcsin quietti'ssf This, so far as we have sepn, is their onhj object. Wliat a spectacle for mankind! - A great body of Christian ministens, in theyearof our Lord 1840, organizing a new and extensivo association of churches for the purpose of enabling their minister and Bishops to hold sla ves! Surely, if heil ever rejoicf-s,it must beat thesight of achievements like this, perpet rated in the name of Cliristianitv.