They adopted the old Constitution of the United States, with the exception of five clauses. The first was a change in the preamble--making the States named, other than "We the people," the contracting parties; the second change related to the "importation of African negroes," etc.; the third related to the escape and delivery of slaves; the fourth related to adjusting disputes between the contracting States; the fifth empowered Congress to "lay and collect taxes, duties, imposts, etc." The Constitution, as amended, was adopted February 8th, and on the same day Jefferson Davis, of Mississippi, was elected President, and Alexander H. Stephens, of Georgia, Vice-President, by a unanimous vote. On the 18th of February Mr. Davis was inaugurated, and immediately after he nominated, and Congress confirmed, the following cabinet: Secretary of State...............................Robert Toombs. Secretary of the Treasury....................C. G. Memminger. Secretary of War................................L. Pope Walker. This same Congress authorized a loan of fifteen million dollars, secured by an export duty on cotton, and passed an act "To modify the navigation laws, and to repeal all discriminating duties on ships and vessels"--by which the entire coasting trade from Charleston to Galveston was thrown open to the British flag. Had English capitalists framed the law, they could not have made it to please themselves better. On the 17th of April, 1861, President Davis issued a proclamation offering to grant letters of marque and reprisal to aid the Southern Confederacy in resisting what he called "the wanton and wicked aggressions" of the United States government. To this President Lincoln immediately responded by issuing a proclamation, dated April 19th, declaring the Southern ports in a state of blockade. The Congress of the Southern Confederacy assembled at Montgomery again on the 29th of April, 1861. President Davis, in his message, advised the immediate passage of a law authorizing the acceptance of proposals for privateers. He denounced the proclamation of President Lincoln in relation to Southern ports as a mere paper blockade. "The loan authorized," he said, "had been promptly taken (by whom, or on what terms, he did not say); and that a much larger amount had now become necessary to defray the expenses of the war," etc., etc.