Newspaper of The New York Herald, June 3, 1846, Page 1

Newspaper of The New York Herald dated June 3, 1846 Page 1
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THE NEW YORK HERALD. ??"?*?? NEW YORK, WEDNESDAY MORNING, JUNE 3, 1S46. ?? HXttHLT mNftlAM NEWS FROM EUROPE. * ARRIVAL OF THK STEAMSHIP HIBERNIA AT B08T0N. TEN DAY8 LATER. The Probable Settlement of the Ore-! gon Question. MEXICAN AFFAIRS IN ENGLAND. STATE OF THE MONEY MARKET. Third Reading of the Corn Bill in the Bonae of Commons. THE REVOLUTION IN SPAIN. THK COTTOIW MARKET. fcC., &C., &C. The steam ship Ilibemia, Capt. Ryrie, made a ?ery short passage, and arrived at Boston on Monday noon. She left Liverpool on the 19th ult. The intelligence received by her is of considera ble importance. There appears to be an evident desirajon the i part of Great Britain to settle the Oregon question in the most amicable manner. The lone of the notice resolutions, as they passed the Senate, are deemed of a very favorable cha racter. The question was incidently brought before the House of Commons, on the 16th ult., and both Sir Robert Peel and Lord John Russell, referred to it in a very conciliatory manner. It is supposed that positive instructions have come out in the Hibemia, to Mr. Pakenham, to settle tho matter at once, and negotiations will therefore, probably bo immediately renewed in Washington. Tho London Timet of the 14th ult. says:? " Tho packet which sails from Liverpool in a few days will convey to the United States the real impression produced here by the late intelligence. If the resolution was in tended as a threat or a hostile measure, it has totally failed to have any effect whatever, ex cept that it is probable Mr. Pakenham will be at once empowered to bring tho controversy to a prompt and final issue." The same paper of the 15th ult., says:?Two sergeants, 2 corporals, 2 bombardiers, and 20 gun ners and drivers of the Royal Artillery volunteers, were selected yesterday afternoon and medically inspected at the Ordinance Hospital, at Woolwich, for special service on the border* of the Oregon territory; and will proceed about the latter end of the present month or beginning of June for their destination, under the command of (raptain Black wood, promoted last month from the Royal Horse Artillery. The Terrible, war steamer, is expected j 7 to take them to America with a supply of guns and stores. 3,000 excavators are also to proceed from various parts in this country, and assemble at a certain place on the Hudson Bay Company's j territory. The third reading of the Corn Bill has at length pasred the House ef Commons by the largest ma jority which it has yet commanded?98. There was very little doing in grain. The arri vals of flour from the United States continued large. The trade in provisions was not very brisk. The Money market has improved in tone, and the news which came to hand last week from the United States, relarive to the action of Congress on the Oregon question, was almost impercepti ble in its effects on tbe Funds. The te turns of the Bank of England show an increase in circulation. The private deposits were on the decrease?so were the securities; but the bullion continued ?teadily to increase. The timber trade continued depressed. The price of cotton had not varied from the pre vious advices, though the demand had somewhat abated, and on the 18th the market closed hoavily. The commercial accounts from the continent are encouraging. The great Leipsic fair pass ed off well, and considerable quantities of English goods, which were sent on sale, found purchasers. German woollens were spoken of as having been flat at the fair. An impudent proposition of the Mexican Gov ernment created a stormy time among the bond holders. Paredes's agent demanded a new loan of two millions, and proposed to consolidate the old debt at a discount of GO per cent. The Liverpool Timet mentions that reports are in circulation of the intended resignation of Sir Robert Peel. A large failure in the East India and the Levant trade?the house of Messrs Beattie & Co., whose liabilities exceed a quarter of a million sterling? excited some little stir in London last week. Messrs. Roebuck and D'lsraeli had a very pret ty quarrel in the House of Commons on the even ing of the 9th May. The latter charged the for mer with " prepared impromptus," the former retorted upon the latter the charge of studied in vective. Lord George Bentick, and the new Secretary for Ireland, also had a tilt on the same evening. Smith O'Brien was still in prison, where he had been about three weeks: The Daily Newt, established by Dickens, has been tried and failed. Dickens, sickened with the Nnct, is winging his flight to Constantinople, from whence the sheets of his new work are to be ?ent. It is now in new hands, and, as the origi nal projenors failed to make it pay at the cus tomary price of the daily press, the new ones propo.-w, like the Jew's razors in the epigram, to make it sell at any price. From and alter the first of June, h is to be curtailed of half its present pro poition? and half its price. The Chancellor of the Exchequer has inti mated that the new arrangement for sailing a steamer to America weekly, would be carried into effect as soon as possible. The London Eranomitt states, on what it consi ders high and unquestionable authority, that the Oregon question is on the point of a satisfactory * settlement. It ia calculated that 30,000 persons will have em 1grated from Ireland in the present year to the United States. The fine packet ship Liverpool, Captain El dridge, hcnce at Liverpool in sixteen days pas" sage. In the Txjndon Timet an American company adveitise lor sale saddles of American forest vcni BOO, wild g*e?e from the American lakes, and wild turkeys from the American forevts, just le ceived, in the finest order ihi' French Government proposes to reduce the tax on money orders sent through the Post Office from five to two per cent. Intelligence has been received at Constantinople from Tillis, stating that the Circassian leader. Srhnmyl, at the In aj of 40,000 men, had attacked the ltu.-'ian troops, and driven them back wifli great slaughter from the position which thej Occupied on the Ctracawiaa frontier. The arrival of provisions in the American ves sels continues to be much noticed, and occasions complimentary paragraphs ki the London daily pupers. It is rumored in circles likely to be informed on the subject, that, if Sir Robert Peel's measures are carried through both Houses of Parliament, and similar policy pursued, the excise department will very probably be broken up in toto. Hkr Majesty's Accot-chment.?The near ap proach of an interesting event, to which the public took forwurd widi intense interest, may perhaps be inferred from the fact that the messengers of the Home Office have received directions to be in attendance, night and day, on and alter last Mon day, so that the fact of the Queen's indisposition may be communicated without loss of time to the Cabinet Ministers. The Uuited Associate Syuod of Scotland recent ly passed resolutions condemnatory of slavery, und lamenting and condemning the conduct of the Free Church in accepting money frotn the slave States of America. These resolutions involve a comjemnation of Drs. Chalmers, Cunningham, anil other divines of the Free Chnrch. The Synod, which passed these resolutions, consisted of 400 ministers. The Hon. Dabnoy S. Carr, United Statos Min ister to Constantinople, arrived in the Mersey on the 2d instant, in the Cincinnati, from Baltimore. The Uregon (Question In Parliament. [From Wilnier's Timos, May 19] Incidentally, the state of our relations with America was brought under the notioe of the House of Commons on the evening of Friday, the 15Ui ult. Lord John Russell made a pointed allusion to the subject, and, in doing so, delivered himself in the following graceful and happy terms :? Looking at ono of the greatest nations of tho globe, I am hnppy to find there aro symptoms of returning feel ings of amity and good will. When I read the speeches of Webster, Calhoun, and others, I forget all the idle menaco wafted from the other tide of the Atlantic. I trust her Ma jesty's Government will be able to fix finally tho limits which divide the dominions of her majesty from those of the United S'atcs ; and 1 trust tho convention or treaty which shall settle that boundary will be but the prelude of a more intimate connection between us and tnat vast commonwealth of a free people; that wc shall carry on together our manufactures and our agricul ture, vieing with each other, if you will, to make our pro ductions more and more perfect, striving, in the neutral markets of the world, for pre-eminence; striving, also, in our respective branches of productiou, that we may clothe them and they may feed us, but hoping that there never shall be occasion to cross the bayonets of Britain and America ou any bloody field whatever. (Loud cheers.) ?ir, with this wish that such may be the pre lude of this bill, to which 1 trust the other House of Par liament, should it pass by a great majority here, will give their assent, I shall give my hearty support to the motion for the third reading. (Great cheering ) Towards the close of his speech on tho corn question, the same evening, Sir Robert Peel, de termined not to be outdone in politeness by the leader of the opposition, spoke as follows:? The noble lord (J. Russell) says he hopes that the dis cussions which have threatened* the maintenance of ami cable relations with tho United States will be brought to a fortunate close. Sir, 1 think I can appeal to the course which we have pursued, against some obloquy, some misconstruction, some insinuations, that we were aban doning the honor of this country I think I can appeal to the past experience of this government, that it has been our earnest desire, by every effort consistently with the national honor, to maintain friendly relations with every country on the face of the globe. This prin ciple so long as we are intrusted witn the management of public affairs, will continue to influence us in respect to tne settlement of our unfortunate differences with the United States. (Cheers)' This, taken in connexion with the resolution of tho Senate, gives us every reason to believe that we are at the end of our differences, and that a short time only can elapse before the possibility of a misunderstanding between England and Ame rica will be removed. Tlie Debate In Parliament on Canada. Lord (?. Bkntinck, in moving "(or copies of the spoecli of Karl Cathcart, the Governor-General of the Canada*, to the Legislative Asiembly of those province!?of the despatches which he had addressed to Mr. Gladstone, the Colonial Secretary, remonstrating against certain pre sumed changes in the Imperial commercial policy?and of any petition from the Quebec Board of Trade addres sed to the same high functionary, on the subject of ap prehended changes in the Imperial tariff affecting the produce of the Canadas," observed that he considered it very important that the attention of the house should he called to theso documonts, before it finally derided on the fate of the Corn Bill. He believed that'the facts con nected with these documents were shortly these. Karlv in March last Mr. Gladstone had addressed a letter to Karl Cathcart upon tho measures recently proposed to Parlis ment by Her Majesty'* Government. It appeared from that letter that Karl Cathcart had previously addressed a letter of remonstrance against that policy to Mr. Glad stone. Acting upon the same principles, Karl Cathcart had, in his address to the Legislative Assembly, observed that the last intelligence from the mother country indi cated that important changes were aliout to be made in the commercial policy of Great Britain?that he had pressed on the Imperial Government the necessity of preserving the existing relations lietween the Cana da* and the mether country unimpaired?and that he had recommended pie Canadians, until they re ceived further information from Great Britain, to an ticipate that ftieir claims to a just measure of pro tection would not be overlooked. Karl Cathcnrt had since assured them that in every measure calculated to secure to them that just protection, they should have his hearty co-operation Surely it was a matter of serious conside ration for that house, when they foiftidthe Governor (Ge neral of the Canadas telling their Legislative Assembly that he would co-operate with them against the policy of the mother country. Besides this declaration, there were other indications of the dissatisfaction which was felt in the Canadas in consequence of the recent adhe lence of Her Majesty's Minister to the doctrines of free trade. A meeting had been held at Toronto a few days before the meeting of the Legislative Assembly, in which there was a distinct Intimation given, that the adoption of our new commercial policy might drive the Canadas into annexation with the United States. Similar language had also been employed by the Attorney General of the piovince, and this language he quoted at considerable length. It therefore became the house gravely to reflect, whether it would adopt measures which would deprive ui altogether of those valuable provincos. He then quot ed several extracts from papers published in New V ork. [the New York Herald] for the purpose of showing that a rimiiar impression as to the results of our new policy had been created in the minds of the thinking people of the United State*. He reminded the house that ll this country Vere to loie the Canadian Provinces, it would lose a trade, which, more than any other, encouraged and promoted our maritime power and greatness. He then dilated on tho injury w hich we were going to inflict on the Canadas, by adopting the system of free trade, and quoted the letter of a Mr. Pemberton, which appeared in The Timet, to show that Mr. C. Bullcr was guilty of a great error, M'hen he asserted that the Canadians did not materially care for the protection which they received from our system of dntirs on corn and on timber. He showed that there was a disposition on the part of the United States to avail themselves of any relaxation in our tariff with which we were inclined to favor them, but no dispoiition to grant us any relaxation in their tariff in return. Under such circumstances, surely it could not be wise on oar (part t> relax our tariff still further in favor of the United States, especially when the effect of such relaxation waa likely to be the loss of the Canadas. Mr. Itor ni'cx, in seconding the motion, was of opinion that it would have been for the advantage of Lord G. Bentinck's reputation as an orator, and also tor the advan tage of the house, which had listened to him very reluc tantly, if he had compressed his s|>eech, and that which he woold inevitably deliver to-morrow night, into one. He congratulated Lord G. Bentinck and hi* party on the new tone in which they now spoke of the proceedings of the Canadian Parliament What wa* the reaton of hi* sympathising with the Canada* now, when the Imperial Government was in a mi nority of seven in the Canadian Parliament, when be paid no attention to its wishes formerly, when out of 8S members only 8 supported that government!? Formerly there were no stronger opponents of the Cana dian corn bill than Lord G. Bantick and his party ; what wa* the reason which induced them to stand up for that till now, a* if it were the Magna Charta of the Canadas ? He could not believe that Karl Cathcart bad embarked upon that course of opi>oaition to the government which Lord G. Bentick had described j and expressed his deli berate conviction that the opiniona of tho people of Cana da, if fairly taken, would be found decidedly in favor of freedom of trade. Sir G. Ci.r.a* observed that there wa* no intention on the part of the government to oppose the present motion, as l.ord O. Bentick had been informed nine days ago He only rose to state that he had proposed to add to the paper* now moved for, a despatch from Mr. Gladstone to the Governor-General of the C anada*, in reply to the paper* for which Lord G. Bentick had moved. Alter a few rejnark* from Mr. H. Hindk, who com plained that he had bean unable to procure an answer Irom her Majesty's government to a unestion which he had repeatedly asked in the course of these discusiion*? namely, what It intended to do with the colonies 7? and who insisted that the House should compel them to answer it. The motion was agreed to. '1 he other ordera of the day were then di*po?ed of, and the Houte adjourned. Tike Poisag* of the Corn Bill In the House of Commons?The Kareptan Corn Trade. [From the Mark Lane F.xpre**, Mav 18, P. M.] The Houne of Commons have passed the new corn im portation bill by a majority of niriety-ei|fht; and though it is still possible that the Lords may reject the measiue, the probabilities are in favor of its becoming the law ol the land before the expiration of another month. The belief that such will lie the case has certainly gained ground of late; and in proportion as the chance* of the I existing laws being maintained have diminished, the ef fect* likely to be produced by the contemplated change ' on price* of agricultural produce have been more close i It investigated The result of thi* investigation lia* i been a conviction that a material foil in the value of Bri tish grown grain will follow, in ca*e minister* succeed i saocra&sasasucft z price of free wheat hai been maiuly caused by this be lief: farmer* ami merchant* having pressed sales at a period when, from the unwillingness of millers and other* to add to their stocks, the demand has been unu sually restricted. Under theso circumstances, we think it may not be amiss to examine carefully the real posi tion of allurs, with a view of checking useless alarm.? : That on the average of years the value of wheat will be gre ally depreciated in tniscountry by the contemplated reduction in the duties, we feel satisfied: but whether this depreciation will t>e immediate admits of reasonable doubt In the first place, iti* an undisputed fact that all part e< have, in anticipati >n of the liberation of the wheat in bond in the kingdom, allowed their stocks to be reduced to an extremely low ebb; and to put the milleriinto the posi tion they usually occupy as holders of wheat would take a far greater quantity than that now under the Queen's locks. When, therefore, the uncertainty which has so long interrupted the regular course of trails shall have been removed, a very extensive demand is likely to be I experienced, and the million and a half quarters now in bond, when once released, is likely to be very speedily i distributed. The next point to be considerod is the pro bable extent of the supplies from those countries which usually send their surplus growth to Great Britain.? i From the Baltic the shipments have hitherto been com I paratively insignificant, and thore cannot, therefore, be I any great quantity on passage. At Danzig, tho most in> I poitaut port, a fair but not u largo stock of old wheat ii held, and, owing to the indifferent result of tho last har vest in Poland and part of Prussia, Iho supplies from tho intorior are ex|>erted to he much smaller than inordinary loasons ; the total exports from thence will, therefore, in probability, bo ouly to a moderate extant. At the Lower Baltic porta the quantity ol old wheat remaining is trilling; hut the last harvest having yieldod better in those locali ties from whence Kostock, Wiscntr, Stettin, uud tho KBighboring ports, draw supplios, the exports from thoso places are likely to be pretty extousivo. Still no over whelming arrivals nood be feared from tho northeastern parts of hurope. Respecting the probable extent of the Alediterianean supplies we are nut in a position to give so decided an opinion ; but, judging from the constant demand from the interior of franco experienced at Mar seilles, wu think the shipments from Italy, fcc., are more likely to be directed to that auartor than to Great Britain, unless the English markets should hereafter hold out much stronger inducements to consigners than at present The quarter from whence the l greatest quantity of bread-stuff may be calculated on is, therefore, in our opinion, America : but, making every allowance lor an extra supply of Flour from tho States and Canada, we doubt whether the ex tent of tho importations will be so great as seriously to influence quotations here, should anything occur to give rise to apprehensions respecting our own crop. We arc, consequently, inclinod to think that the weather will, alter all, have much more to do with the range of prices of wheat for the next two or three months than tho commercial policy of the government, the etlecta of the latter having already, in our opinion, been in a great measure anticipated Up to the present period the season has been tolerably favorable ; but the appearance of the growing wheat plaivf is certainly not ol so very promis ing a character as to aflord just grounds to calculate ou a year of extraordinary abundance. We, therefore, arrive at the concluiijn that tho retrograde movement which has lately taken place, has been nearly, if not quite, as Sreat as has been warranted by circumstances. As vet, owever, there is no ap)>earanc"o of a check to the fall. At Liverpool, on Tuesday, tho Mark Lane accounts of the previous day produced auitea sensation, so great a reduction as that which had taken place in the Londou market not having been calculated on. Sellers endeavor ed to facilitate business by submitting to a reduction of tfd to 9d per 701bs ; but even at tUu: abitement they found it difficult to effect sales, .buyers preferring to wait the issue of the corn law debate before adding to their stocks. The purchases made wot*, therefore, ouly to supply pressing wants, and were, consequently, trifling in ex tent. On Friday there was rather less anxiety to press sales, hut the currency of the preceding market day could no' be exceeded lor even the finest qualities From the leading towns in Yorkshire tho reports are extremely dull ; but the decline in the value of wheat has not been quite so important in that quarter as in the metropolitan market At Leeds, on Tuesday, factors re futed to accede to a greater fall than 4s per quirter, and the millers declining to pay the rates demanled, the ope rations were on a restricted scale. This was also the case at Hull, many of the farmers attending that market preferring to take their sample* home again rather than accept the terms offered. At Bristol, Birmingham, and other western and north western markets, particularly at those held towards the closo of the week, sellers displayed rather moiefirm ness than at the places first named ; but to induce mil lers to buy, .Is. to 4 per quarter less had to be taken. By our advices from Scotland, it appears the dull re? ports from tho south had had their usual influence ; aud and though factors had shown a disposition to promote business by accepting materially reduced rates, very little hail been dune. At Edinburgh, on Wednesday, wheat was quoted Ss. to 4. per quarter lower than un that day se'nuight, and at Glasgow the decline was nearly as great From Ireland we learn, that notwithstanding the re ported distress, the supplies of wheat and oats bad more than kept pace with the demand; and that a fall in the value of both article* had taken place at the principal market*. The arrivals of wheat coastwise into London hare not been particnlarly large; a* compared with the receipt* of the preceding week, they show a considerable do orcase; still the quantity brought forward has, in the present dull state of the demand, proved fully adequate to the inquiry. On Wednesday tho display of samples consisted principally of parcel* left over from previous supplies. Factors seemed less eager to presi sales than in the commencement of tho week, and not only was no further ubutemcnt submitted to, but some difficulty was experienced in buying at Monday's currency. Thu was also the case oil Friday, indued the firmness of holders had evidently been increased by the somewhat cold, wet weather which hud, in the interval, been experienced.? The indifferent condition in which a large proportion of the home-grown wheat continue* to come to hand, ren ders a mixture of old foreign necessary-, and, as there is scarcely any ofthe latter remaining in granary on which the duty has been peid, buyers have been compelled to take small parcels of bonded to supply their immediate : wants. A moderate vent for lock wheat has thus been aftorded. but there has been 110 speculative inquiry for the article. Tho cost of freeing wheat has been materi ally lessened by the fall which has lately taken place in bonded certificates. Sales of these documonts were, on Monday, made at !>s. per qr.; the demand subsequently became more active, and molt of those remaining on Wednesday were held at 9*. 6d.. whilst on Friday the price had rallied to 10s. per qr. The late abafement in the value otf'Wheat has not yet begun to influence the averages, indeed the last weekly return for the kingdom was higher than the average for tho preceding week ; and, the aggregate having risen to AOs. per qr., the duty has fallen to Itis. per qr. As Wheat has receded fiom 5s. to 7s. per qr. in all parts of the country since the be i ginning of May, a rather important reduction in the ave rages must occur ere long ; and it is not impossible that before the time the new lale of duties could come into operation, should Sir Robert Peel succeed in pasting his bill, Uie averages may have fallen to such au extent ai to disappoint importer* of foreign wheat. The proposed plan is, it will be recollected, a sliding scale on the same principle as that now in force, the difference being that the duty is to fluctuate betweeu 4s. and 10s., instoad, as at present, between la. and 'JO*.? The highest duty is to lie levied when the average price of wheat is at or under 4Hi. per qr., receding Is. per qr., for every rise of Is. in the average until the latter reaches 64s , when the duty is to be 4s. j>er qr., and not to fall be low that point. There was, till recently, every prosepct of entering the bonded stocks, in case the bill was passed at the minimum duty; but tho late depression in prices may make au alteration in this respect. The top quotation of town-manufactured flour has for weeks past been very unsettled ; during last month, and for some time previous, the nominal price for the best town marks was 63s. per sack ; subsequently the millers succeeded partially in establishing a rise of 'is., which was, however, almost ifnmedia'cly afterwards lost, and the highest quotation is now generally considered to be j'J*. per sack. Ship flour has been selling at irregular rates, and it has been difficult to exceed 40s. for Norfolk households. Though only 3,410 qr*. of barley have been received during the week, this grain has moved off very tardily.? .Waiting qualities have been almost wholly ueglected. and fee ling kinds hive been in le*? request than usual this spring, owing to the abundance of all sorts of keep for cattle. Ike. The retail business done in malt during the week ha* been at about previou* price*. The arrivala of oat* hive been to a fair extent, the to tal itipply, inclusivo 11,I1M qrs. from abroad, having amounted to QI.H44 i|r*. The trade ha* throughout the week been excessively languid, but lower late* than tho*e current on Monday have not been aubmitted to ? j The duty on thi* grain fell to As )>er qr. on Thursday ; with the prospect, however, of being able to enter at Is. Od per qr. under the pronoreJ new law, few importer* will, we think, pay the 5s. duty. Dean* and peas have excited little attention, and their value has remained nominally unaltered. At most of the continental port* price* of Wheat are gradually tending downwsrd*. and from present appear ances we are inclined to think that quotations will re cede still further, unless a rally should take placa in the hngli'h markets. In the Baltic good red Wheat may now be bought at 41s , and tho be*t tort* at 40s. per qr , free on board The Ireight from the lower port* to London i* 3s. to 3*. bd. per qr.; it appear*, therefore, that even now it would be impossible to import at the rates at which aimilar quali ties may be bought in bond on the *pot, a state of thing* which cannot lone continue. The stocks of old Wheat at Rostock, Stralsund, Wis mar, and Stettin, are trifling; and, though the last harvest has been favorable in those districts, the farmer* seem to have supplied the market* very sparingly. From Dantlg we learn, tinder the date of the 9th ln*t., that vary little business had been done at th?t port dur iog the week, the price* askod for parcel* of old In gran ary having been much too high to allow of the execu tion of the few order* received from Oraat Britain. Tho i fiosli supplies of new from the interior had been offered t at 47*. to 4A*. tier qr, without exciting much attention. Tho Hamburg letter* of Tue*d*y last are wholly | without interest; tho businea* done in Wheat since the I pieviou* post day had, we are informal, been confined j to a few purchase* made by local consumer*, *carcely a ; sale having been made hir export; 59J lbs. to ftoib* red i ! Wheat bad realized equal to 44s Bd , and 01 Jibe, quail- I I ties 4He. 6d. per quarter free OdbMfd. From outports I there hail been offera at prieM vary ing from 44* (M. to . ; 47s ?d. per quarter, according n quality, w eight, Vr From Holland we hava nothing new to communicate, ' except that the appearance of the growing Rye crop I* ? much complained of From Belgium the account* are al*o unfavorable on that subject, which, with the reaJ scarcity of wheat, had I caused the latter article to rise, more or le*a,in value at the principal market* in that country. irou U?o M?litimnu U* general ton# el Dm *1 v ces is decidedly dull; i nd, according to the most recent accounts, it appears that such qualities as are usually i shipped from Marseilles, Leghorn, Venice, and Trieste. Tlx., Polish Odessa, Marianopoli, kc., could then be bought at prices rendering the cost on board from Jit. to 38s. per quarter. The Oregon and Mexican (Inrstlom In Europe. [From the London Times. May IS.] | The slight difference between the two branches of ; Congress, as to the form of expression to bo employed > in authorizing the President ot the United Slates t6 give 1 notice for the termination of the Oregon convention, has i terminuted as we had anticipated. The point was one of ? no real interest or importance. Wo are less concerned | with the form in which the Congress may address the President, than with that in which the President may ad dress the British gorernmeat; and whethor the resolu tion was courteous or peremptory, it could afford us no just cause of confidence or of complaint. To ? certain extent, indeed, these resolutions do impose upon the Pres ident the duty and necessity of negotiation and compro mise, and so far they aftord him a sufficient pretext for departing from the intractable views he has himself ex pressed on former occasions But the nature of tho ne gotiation and tho terms of the compromise rest wholly with the executive governments ot the two States ; and the opinions which navo hitherto been expressed In Con gress can havo only an indirect influence on the settle ment of the question We may now anticipate that the next mails from Washington will bring the notice itself from the President, for official intelligence of his Lin ing signed the resolution was received at the last moment of our correspondent's despatch of the 30th of April. The suggestion of some of the American journals, that since the President had got the power of giving tho no tice, he would keep it in his own hands for electioneer ing purposes, is too wild to be creditod. A question in volving tho chances of peace and war, and the highest considerations of national honor and territorial right, is not thus to be trifled with. It has been trifled with too long already ; and although these sham agitations may be tolerated in the United States, because they con duce to ccrtain wait-known party objects, they aro intolerable when they are directed against the foreign relations of the Union. We are told by u New York print that " Mr, Polk, with tho ]<eculiar influ ences surrounding him, can now spring tho Oregon iiuostion upon tho country whencvor he chooses, and thus secure the decided cliance of a re-election." Whe ther the prediction be true or false is comparatively of little moment. In either case it is evidently supposed that the conduct of the Cabinet of Washington on this great Question will, to a certain extent, be governed by the paltry intrigues which are already preparing lor the next presidential election. We aro persuaded that the choice of a President bv lot, from the Senate of the Uni ted States, would be infinitely less pernicious to the pub lic interests, and would insure the services of men at least equal to Mr. Tyler or Mr. Polk. But the main question upon which tho affairs of the Union mav at this moment be said to turn, is not the re election of Mr. Polk, or even tho Oregon notice, but the relations of tho United States and Mexico. We have long foreseen that before the storm which seemed to be atnering in the horizon over the coast of Oregon could urst, the |>eace of the North American continent might be interrupted by the effects of the annexation of Texas, and tho continual outrages offered by the Cabinet of Washington to tho Moxiran government. These antici pations nave probably been already fulfilled. There is every appearance that the claim of (ieneral Taylor to extend the frontier uf Texas to the ltio Grande, without any convention or agreement with Mexico as to the boundaries of the nvw State, would be resisted by the Mexican forces. Tho final withdrawal of Mr. Slidell from the territory of the republic would Iks taken ns a proof that the frontiers of Texas were to be settled by force ; and we have great reason to believe that this sus pension of intercourse will be followed by measures of violence on the part of the American govern ment, both oil the frontier of Texas and on the coast of the Pacific, it is possible that Mr. Polk may think it safer and more opportune to gratify the passions he has raised, by a bold stroko against another of the mostfmportant provinces of Mexico, than by rushing into a hostile collision with Kngland ; and if any inci dent should lead to a declaration of war against Mexico, the seiture of Port St Francis and of Upper California, would be considered all over the Union as a sufficient pre text for adjourning the discussion of the Oregon Conven tion. The general impression produced in New \ ork by the last intelligence from the South was that war had comracnced; and the excitement which followed was aggravated by the opinion that the European powers would interfere to support an independent govornment in Mexico under a monarchical constitution It is need less to revert to the observations wo have made on more than one ocrasiou on this subject, unless it be to repeat the assurance, that if ever a monarchy is re-established In Mexico, it must be by the will of the people of the country, not by foreign interference. But the attention this scheme has attracted in America has proved a pow erful diversion from the Oregon controversy ; anil, if we are not mistaken, .Mr. Polk will Had that, before ho Kursuc.i that subject, all his resources will be required >r the defence of Texas and tho projected attack on Mexico. Wc cannot venture a conjecture as to the fate of Mexico itself a. such a crisis, but the most accredited opinion Keems to be, thnt if Paredes is unable to sustain himself, Santa Anna will be recalled, and invested with dictatorial powers. Wc abstain from offering an opinion as to the course which it may be incumbent on this country to pursue in the event of hostilities between Mexico and the United States, until the facta are before us. This muck, however, is certain, that in proportion as tht restless policy of the Jlmrrican Government begins to bear its proper fruits, its are justly entitled to insist upon an immediate and equit able adjustment of that question which directly regards ourselves. Very likely they may be less eager to follow up this affair in its present state, than tfiey were to trumpet their notice to the world. But it is our turn and our duty to be eager and resolute. The diflicuitics which surround (he Cabinet of Washington are self, sought and self-created. The people may have to bear the punishment of tho people's folly; and the govern | mcnt which yielded to ita delusions will ill provide for its defence. But since they have provoked these discus lions, and will, perhaps, ere long have committed them selves by acts of a more decided character, the time is come when we, too, must be resolved to lose no time in obtaining lor the British interests in Oregon, the protec tion of a definitive treaty with th?. United States. We shall, therefore, hail with satisfaction the arrival of tho notice, if it be transmitted at once; und the appropriate answer to it will be contained in the instructions which wiH authorise Mr. Pakenham to mako the final proposals of the British government for the partition of the Oregon territory. l^H'rom the London Times, May 14 J The diflercuce which has arisen between the He nate of the United State* and the House of He pre ?tentative*, as to the form of the resolution! authori/.ing the President to give the notice for the termination of the Oregon convention of IH27, ia ?o minute that nothing hut the moat caption# spirit could havo suggested a division u]K>n ao slender a point. It U utterly unimportant to the intercata and the dignity of thia country whether the President bo " authorized, at hia discretion," or " author ised and requested" to give the notice ; and we arc per fectly content that the "attention of hoth governments should he the moro earneatiy directed to the importance of a apeedy adjustment of all their differences and dis putes in res]>ect to the Oiegon territory.'' It ia probable, however, that tho moro courteous form of the resolution udopted by tho Senate will prevail ; unless, indeed, this ridiculous verbal difference between the two Houses is to be made a pretext lor allowing the resolutions to drop altogether, w hich would be the case if they cannot agree on the terms used. 'I his aolution, however, is as childish and improbable as the conjecture of the Whig organ in this country, which argue* that President Polk, alter all, will use hia discretion in not giving the notice, even alter the adoption of the resolutions. l'i esident Polk has for mally intimated that in hia opiuion tho notice ought to be given at the earliest poaaible period ; and unlesa he is prepared to retract his own sjiontnneous declaration, he is ot course only waiting for the sanction of Congress to carry it into eil'ect. Mr. Polk is himself the author of all the agitation springing out of the discussion of the Oregon question, which has engrossed the attention of the American j>eo ple, to the exclusion of lar more important subjects, ever since he assumed the reins of government, fourteen months ago. llo must bear tho responsibility of all the political perplexity, the mercantile embarrassment, and the national tiuraeus, which are already lelt, and will be much more severely felt, in the Lniteu .States. At pres eut he has display ed no qualities adapted to such an emergency, but a strange aptitude in multiplying tho causes ol uissension ana ofl'oncc, combined wuu a slug gish indifference as to the means of carrying on the ne gotiation or of preparing for war. We aro more curious .nan anxious to discover the effects of such a novel and inscrutable course of policy, lJut, if there is any truth ia the precedents of history or the maxims of common sense, a statesman who Elites the two extremes of ar rogance in i.uiguage and%ebility in nctiun is Mftlta tor himself aim his country the inevitable retubuuon of tumilietion and diss..or. 'J he Auierirgn politicians appear to us to have formed most inaccurate notions of the |K>sition in w hich they really stand. 'I heir ignorance of the resources and pvweiso! European Governments is kept alive by the penurious (lattery of the popular leaders, who tell them they are tho first |>eople on earth; and they are enrotir oged in a stupid disbelief of danger, which they mistake for courage. The state of their relations witn Mexico is a striking exemplification of this inconsistent and loolhardy lino ol policy. When the United States Government, with tho lull sanction of the American people, consummated the annexation of Teias, and answered the protest of Mexico in a tono of de fiance, they should, according to all the usagos of civili zed government, have proceeded to take military means lor the protection of their new frontier, and the occupa tion of a territory which had been placed under the pio teMionof the icderal flag The cabinet ot Washington disdained these precautions, and such has been the neg lect of the most obvious military arrangements on the part of the Americans, thatevon the Mexicans have col lected an army of thrice the strength ol the United .stHtes'lorccs on the Hio l?rande. When the last advices lelt tue fiontier a Collision apj>eared to b imminent, and tuvio aie ationg reasons lor <ioubiing whether the Amer icana would have the advantage It would he etranfe >/ Air. Polk wai to undergo a dejeat from the troop* of the leant of the power* of the world, at the Ptrf moment he af fect* to hrate the armiet and fleet* of the /(realett ; hut rer? tainly hie prttenf pi eparation* for war are hardly equal to a lonlttl with Mexico, not to tiy with Kngland. It is a common fallacy in |<olitical speculation to impute to rivals and opponents a profundity ol design and a vigor of character veiy much heyoud their real merits, and these considerations, whether well or Ill-founded, are quits as much calculated to Inapiie caution und to insure ieapect as a reputation for prowess or strength in aims ; but we are not likely to (all into this mistake on the pre sent occaaion ; for Mr. Polk has neither inspired the world with confidence aa a Ineod ol nor with ? , salutary terror as an author of war. In professing to rmiso and uphold the character of thn United States'go vemment. he has allowed it to forfeit a character for dis cretion without gaining u character for strength, and the only suggestion which appears to us to account for his , conduct is that of extreme incapacity. He has done ev . ery thing to aggravate the difficulties of negotiation, and nothing to provido for the possibility of their failure.? i What would hare heen thought or said in this or any othercountry of a government which should deliberately leave its coasts unprotected, its fleets unmanned, its armies unequipped and undisciplined, and the whole machinery of war unprorided, whil.t its policy provokes a simultaneous resistance from the powers on each side of their territories I The thing i* without a , precedent; and it is also without a precedent to have to i deal with an adversary so just and tein|>erate, that even , this extreme inequality ol forcos will not induce us to raite our terms. But most assuredly this is not timo for us to reduce them. The honorable desire to avoid war ' will go far to maintain peace: but the fear of ? war which it is physically impossiblo to maintain with ad van i tage, ought to go much further in the couucils of any sane Government, ltsforo Mr. I'olk placed himself in | this ridiculous position, he ought to have calculated the moans he has at his disposal for getting out of it A few months ago he might have settled the Oregon question on equal terms, with complete honor and dignity. At present, whatever be the the turn given to the negotia tion, the President will not escape the iinpuation of ) icld ing to the necessity of the case, aud accepting terms which are backed by the whole force of Great Britain. Hij own folly dcterrei thin punishment, and it will not be long before tin public opinion of the Union will assign him n place in the annals of the President* behind even Mr Tyler. The chief, if not the only ground of apprehension ?? to the ultimate effect of this stuto of allaus, arises from our uncertainty as to the direction it may givo to Mr. I'olk's own conduct. To suppose that he is capable of kindling a conflagration between too great and cognate States for the sako oC covering his own blunders, by call ing forth an energetic national demonstration in support of a bad cause, is to imputo to him, not weakness, but wickedness. But weak men aro apt to resort to the most : desperate expedients at the lust extremity; aud nothing : excites our apprehension so much as tho fact that Mr. 1 I'olk appears to be incapable of any settled policy, and to ) li\ e by the accidents aud vicissitudes of the time We only trust that he will not fall into the sorious er ! ror of imputing to the I .nglish Government the same un certainty and hesitation which so strongly mark hii own course. The packet which will sail from Liverpool in a few days will convey to the United States the real im pression produced here by the late intelligence. If tho resolution was intended as a threat or a hostile measure, it has totally failed to have any etfect whatever, except that it is probable Mr. I'akenham will be at once em powered to bring the controversy to a prompt and final issue. Setting aside all popular clamor and national prepossessions, the object of both governments must bo to effect a settlement upon the basis which they conceive to be practical, honorable and just. The confidence of the people of Kugland rests with perfect composure 011 tho determination of the Ministers of the Crown in this momentous debate ; and we canuot suppose that tho American government, boasting as it does a more popu lar origin, posse sses tho confidence of the nation to a less degree, or is less able to carry into full ellect the terms of on equitable compromise. [From the Liverpool Mail, Mur 16 ] Tho invasion of Mexico, or that valuablo portion of it ? called Texas, by the United States, is as atrocious an act | of aggression and wholesale robbery as the history of the I world has yet recorded. It is freely admitied by those < most conversant with the facts that Mexico has for seve | ral years boon a distracted statu?embarrassed in its ! finances, and the prey of factions. But the Washington republic, more fortunate in its federative resources, and ! more powerful from circumstances, has not exhibited to the world any proofs of its fitness to extend its territory, or promoto the moral improvement of society. With seven sections of her confederation in a state of insolven cy, she shows that her boundaries are extensive enough, , viiat she has larger dominions than sho can well g.vorn, and that any attempt to augment hor territories, under I sut ii circumstances, cannot arise from a desire to im prove the sad condition of republican institutions, but to I avenge her own delects upon her sister's weakness, and 1 obtain by plunder what she denies to inflexible duty. Texas, in all justice, belongs as truly and righteously to Moxico as Vorkshire does to Kngland. But it has been annexed, they tell us, to tho United States. By whom has it been annexed I By the voluntary and involuntary emigrants of the United States?by patriots who have run away from their creditors?by men of dos|>eratc for tunes and loose principles?by scamps and cheats of all sorts?by exiled beggars and expatriated criminals?and ' these worthy and valorous people having seized upon die land, divided it among themselves, and hold whut they claim by fraud in the lirst instance, aud by violence and the sword allerwards, form thomselves into u House of Representatives, re| udiate the rights of Mexico, vote away what is not their own, and anne< themselves to the congenial fraternity of the United States. This, we coulenti, is barefaced robbery, not so disgraceful in the men who seek the alliance, as in the government which accepts it. ? ? ' ... The policy of the United States is founded upon un bounded and of course unprincipled aggression. A wild democracy rules, and ull democrats arc insolent, unscru pulous, tyrannical and unjust. They have for many years hud an eye upon Mexico. Texas lirst?Mexico and her mines next?and then tho .whole continent of America, including Canada. Oregon, of course, is hers, according to the bat of John I'olk ; and our West India possessions aro expected to become brilliants in her stolen tiara. But here comes the difficulty. Will the monarchies of Ruroprf countenance these usurpations, and tolerate a system so fruitful of evil to the peace of the world 7 lias not the time arrivod when the aggran dizements of the United States should be curbed t The " model republic," so much boasted of, and so long idol ; ized, tho acts of which nre offensive to public morali ty, is now, by common consent, admitted to be a mon strous fraud; and will Kngland acquiesce in the rulo that I her trade w ith ten millions of iieople in Mexico shall be | exposed to the hostile tarilfs of the United States '? Texas I is one of the finest territories in the world ; and aro we to bo excluded irom the advantages of its markets be cause the United Slates call certaiu adventurers its native inhabitants, and incorporate it with their union, in de liuuee of the remonstrances of the parent state, or with out the slightest pretensions founded upon justice I The duues upon British manufactures admitted to the Mexican markets are moderate in the extreme ; but if the annexation of Texas ho rocoguised by the British Oovernmeut, the tariff of the United States would come iuto operation, and ail impost of from twenty to thirty five per cent would be levied. What say the manufac turers to this! But at the present time, when tho ruin I of our own soil is determined upon, it is useless to ask j any question in reference to our toreign commerce. By the arrival of tho Caledonia we are at length put in po*ses*ion of the important intelligence that, on the y3d of April, both Houses of Congress agreed to retain the resolution passed by the Senate, authorising the Presi dent of the United States to givo notice to her Majesty'* government of their determination to dissolve tiie treaty of joint occupancy in reference to tho Oregon territory. The first chapter in legislative and republican bluster is thus ended. .Vluch ink has been spilt, but no blood ; torrents of abuse, but no blows ; loud and fterco throats, but no drawing of swords. When the second chapter will begin we cannot tell. It is clear, however, to 111, that Mr. I'akenham's diplomatic services have for the prosent terminated. The British (rovernment cannot now, with honor make fresh proposals to the United Stairs. These, if entertained at all, must come from, and originate with, the republic. In the meantime, luppo sing the notice served, in what position are both parties placed I lu a friendly one 7 Most certainly not. In a hostile one ? Undoubtedly they are. Kailh is now broken ; confidence is destroyed. Tho) will begin to watch each other's proceeding* with intense jealousy. Lyery movement will be marked, misunderstood, or mis lepresculed. An extra ship of war in Halifax ; a squad ron of British ateamors in the (Julf of Mexico ; a couple of frigate* in the Columbia river: the slightest military movement in Canada ; in short, it is impossible to con ceive what accident, or what mere trifle, may bring the present peaceful belligerents into collision, and strike uie spaik that will light up the flames of war. Thero ale many able, excellent, and benevolent men in America, who detest war, and particularly dread a war with England. VY o have tins pioved by the battle which these men fought and uoo in the Senate. Their influence is gieal, ana their moderate and pacific view* prevailed, Hut the |>ower of the democracy is over whelming. And what is worse, it is increasing daily, and hourly becoming more arrogant and insolent. How is it that the institution* of America have recently sunk so much in the estimation ol the whole woildr llow hapjien* it that her credit i* blown u{>ou, and so many of her state* insolvent? Because the mob rule?a mob, a* all mob* are, indiscreet, rapacious, dishonest, reckless, and without any property to lose. The way to Congress, to ottk-e, and to power in tho I nited suuss, is thiough the mazes of tnu mob. 'i'heir suffrages can only be gained by paying homage to their lurious opinions?by scorning to lespuct what every sentible man must abhor '1 lie con>iei|ueiicea are that men of superior virtue and intellect h.ive hardly a chance ot obtaining *eat* in the liou*e of Representative* The assembly is principally composed ol noisy pothouie orators. Tho representative must be like his constituent*, tie can hardly be a gen tleman, even in manners, without oflending them, and losing their support. \\ lien a couutry is under such *way a* this, what de pendence ran be placed on the profestions of its public men, howox er upright their intention* may be ? '1 he de mocracy, which cat ries thein on their shoulders to-day, may to-morrow trample them in the dust. No conftdence can be reposed in them; and jet it iaby thl* mob, whose instincts are violence ami plunder, that the question of peaco or war is to l>e decided! [Krom the John Bull, May 9 ] Some of the American paiors, we perceive, still cling to tne boliet that Mexico is acting in concert with, or rather under tne direction of, Krauce and t.ngland. '1 he probability or improbability of tin* persuasion we will not discuss , hut one thing i* certain ; neither Kngland nor trance recognise* Mr. folk's theory ot inteinaiioiwl law, which lay* down the maxim that Kurope has no right to inierleie with America unless whei? some ?pe cwl inteiests of her own are concerned. These t*o lowers have already piactically repudiated this theory by their combined operations in the river I'late II the United States should declare 4ar against Mexico, it would then l>e lor other state* to judge ot the justice or j>f the otuects ot such ikciatatioii, and to deal with it accordingly. Neutrals have a right to inquire into the ?inferences which have caused a war between two friend ly fowera. The same paper of the l?th. *?) ? With respect to the impending rupture lietween the United Ktates and Mexico, stoouid it take place, we hardly ?ee how it can fail to bring England and K ranee into the contest, !>* cauM the objects of the loimer power would b? ot a na turo, ospecially os rejuJi California. which could not be accomplished without seriously altecting the commercial and maritime intereiti of both counties. Meanwhile, however, we agree with the 'Ann, ' tlut in proportion at the restless policy of the American government be gin! to bear iti proper fruit*, we are justly entitled to ia list upon an immediate and equitable adju'stment of that question which directly regards ourselves."' [From the London Chronicle, May li ) ? ? * ? The object of giving the notice ia declared to be the promotion of an amicable settlement, and the responsibility of giving it is (till thrown upon the President, by tho uso of the word* " at hi* discre tion." Whatever may he the character or bearing* of this net, regarded by itself, we cannot refuse to giro credit to the declarations of a dosiio tor peace by which the resolution is accompanied. It* adoption, in it* present form, is in some measure a triumph of that party in the American Legislature which is iavorable to resce. The notice was originally, as is observed by our Washington correspondent, the measure of the war party, but tha course of events has transferred it into the hand* of their opponent*, and it now come* to us with the support of Webster and Calhoun, and iu spite of the opposition of Allen and Cass. Mr Polk, indeed, upon whose invita tion the Legislature took up the subject, cannot b? sup pose,! to have seriously contemplated war as the result of terminating the convention, lie was not prepared for war, and would be plunged into inextricable embarrpM meut by the occunonce of such an event; but ij thought it was possible to excite tho feur* of Great Pri tain, and to compel her to iiugotiato at a disadvantage. For this purpose, the more tho notice had the appear ance of a hostile measure tho better. It wa* playing a desjierate game to stake tho peace of tha world upon a demonstration which could only be successful by the blundering or the pusillanimity of an English Govern ment j hut such gambling is part of the lystem of Ameri can politics. Mr. Polk, however, has not obtained what he desirod. The peace party, by yielding to the currant when it ran most furiously, and resisting it with skill, lather than force, as opportunity offered, nas contrived to clog tho notice with explanation* and condition* which go far to strip it of its monacing character, and thereby of what first recommended it Tor adoption. If we were to be governed, therefore, solely by considera tions of the motives of American parties, we might ao cept the measure just adopted by tho American Legisla ture as the indication of a desire to preserve peace. The fact, however, is one of which the character can not be determined by these considerations. The notice to terminate tho convention of joint occupation either ha* been or will immediately be given; and by whatever movements of American parties it may hare bean pre ceded, the event is one of tho utmost ui^vity. We are at once called upon to contemplate the possibility of the con vention expiring at the end of twei>o mouths, without or having succeeded in effecting a |>ermauent settlement. We see that the United States is thinking of, and even providing for such an emergency. A ill for extruding American jurisdiction over the C "u:. territory ha* passed the tlou^e of Representative . and is now pending iu the Senate. It is under such circumstances that Great Britain is expeeted to voluuteer a renewal of negoti ations, und to declare her readiness to make far greater concessions than she has yet offered. Can she do so 1 We will not usk whether such u course is consistent with tha national honor. It is enough to inquire whether, upon the narrowest calculation it is prudent. The north-eastern boundary was settled upon the prin ciple of purchasing peace at any price. That principle, however, is a fallacy. Peace cannot be purchased by those who will give any price for it We were libe ral enough in the AsUburtou treaty, but our liberality has not done, us much good. The coutinuauce of peace is as insecure, or more insecure, than ever. In fact, it is impossible not to see that the concaasion* made to America upon the north-eaatern question have baen a main cause of the unreasonable claim* advanced to tho Oregon Territory. England, as Mr. Webster, on a late occasion, triumphantly proved, itirrendered large advantages in tho former case. The very popu lar and very legitimate inference is, that by proper management she can be got to do the same thing again. Let England countenance this inference.? Let her show that in the west, as well as in the aaat, she will for peace' sake yield to unjust claim*. Lit her ?upply every Ameriean demagogue with a new fact to prove that she is sou triable?that there need* nothing but a vigorous application of the screw to force her down to any |>oint of concession that may be desired; and will she, after all this, have secured peace? Far from it. She will still have a common frontier of some thousands of mile* with this powerful neighbor, to whose aggressive ambition she will have supplied the sharpest stimulants. Causes of quarrel will never be wanting, and every one, as it arises, will occasion some unma nageable popular excitement, which will again requir* to be allayed by English concession; until at length this brave, but most patient people, is roused to make the stand which, il made at the beginning, would have saved a world of mischief. [From the French papers to May 18.] Tlic Comtilutiunml declared that the notice ihowod ? desire to maintain peace and to facilitate an arrangement; the Prune, the Caurrier Fr ant ait, tec., that it was very satisfactory. The republican National alone said that it amounted to nothing?that it left the dispute where it was ?that war was just as probable a* it had ever baen; and a good deal more of the same nature. In a (ubae quent article the National declared that the United States would certainly not bate one inch of the extreme preten sions of Mr. Polk, and that, if England did not give la, war would bu inevitable. It added, howevef, that Eng land would be sure to make every sacrifice?that she would abandon Oregon?interests?honor?all, sooner than fight. The Prttie, one of the principal daily newspapers, has lately published a letter of several column* length, giv ing an account of the latest proceedings on the Oregon question, and full of speculations as to what will happen, and what will not. The epistle contains nothi ig new, either in information or in opinion: but the writer ssys that the notice of the Senate will be fleeted by the House of Representative*; and that, consequently, no thing at all will bo done this year with rupect to the Oregon question, notwithstanding all the anxiety sad ill will that it hus occasioned. Another newspaper says, that the democratic party wil be gladto keep.up tha Ore gon question for electioneering purposes. It opines, however, that England will insist on having tha matter settled one way or another. The Journal det I)that t of the 15th ulL, contains a loading article admirably calculated to allay the warlike heat ot Mr. President Polk on the Oregon matter, for it must destroy all hope that he may have entertained of French sympathy should he pick a quarrel with this country. Our talented contemporary, after a Just and fair appreciation of the motives and disposition of that high functionary, arrives at this naitt conclusion. " There i* every reason for believing that, after all, Mr. Polk will not. in any respect, trouble the repose of tha world." The principal topic of the day was, however, the in telligence from America, received in Pari* on Wednes day evening by extraordinary express On the Bour?a, (urprise wan expressed at the comparative flatness o' the London roouey market of Thursday, in the face of 'iew? ?o rc-assuriug Thi? was sought to be removed b> the statement that the intelligence had net reached London until alter tho closo of bueineaa on the stock exchange ; hut the boar* continued to keep down price* by unfavor able rumon reflecting the chance* of Sir Kobert Peel with the corn law*. On the Oreguu question the univerial belief in Part* continued to be that there would be no war; and from the frequent reference* made to the leading article of the Timm of Monday la*t, it would teem that the weakness of the American navy, and it* inadequacy to a contact with that of this country, rendered obviou* by the re turn* we then published, had gone far toward* confirm ing that impiession. The severe remark* of the JestmeZ dei Urhait ou the policy and proceedings of President I'olk, hare been made the lubject of a new attack on that paper by the National. [Paris Letter, May 16, in WUmer's Time*.] An arrival at Havre brought IntelageDCe of the vote of the Senate on the Oregon question, before It reached you in F.ngland. The new* created remarkably little sens* tion, considering its momentous importance. Ihiswaa undoubtedly owing to the fact that tha rote of the de nunciation of the treety was clearly tors'-esn, and that no belief wa* ever entertained the Senate would sanction tho offensive and warlike vote ol the lower House. So laige a majority, however, In favor of ? "pence vote,''if I may so call it, was certainly not calcu lated upon. A mere majority of thrc ?r f ;r waa all that was expected. The effect of ?h news was to confirm the conviction that ha* all along been entertained in this country by men of acute, that war wi^.not like place be tween (treat Britain an<l tha U. HtatoAon Uus miaerablv wretched dispute about Oregon. On the Boaree?that un failing barometer of public opinion?tha fund* rasa imme diateiyuin the arrival of the Havrenewspapera with the intelligence , and though prudent m*n deemed it wi?e to wait to see the effect it would occasion ia London, a fur ther advance took place the neat day, entirely in conse quence of it. The newspapers, too, of all the greet per ties, united in viewing the vote a* a certain pledge of the maintenance of peere. Among the commerolal iieople of this city there is a very general tie sir* that it should be settled withoat delay. It cause* Inquietude, and inquie tude is injurious to commerce. It is, moreover, almost ?very week made the cause of alarming rumors on the Bourse, which depress prices. Some of these rumors are monstrously stupid ; but timid people?and the greater part of Frenchmen of business are very timid?easily cre dit them. Just before the receipt of the intelligence of the vote of the Senate, a statement was current on the Bourse, and actually believed, that theRngliah Govern ment had become so thoroughly disgusted with the Ore gon debates and the American Legislature, that.tocut the matter short, it hed sent a Beet to bomberd New * The state of affairs between the United State* and Mexico excites considerable interest here (but little la said thereon, either in conversation o> bV the newspa r.eri I be latter, however, carefully iranalate all intelli gence they can find in the American or English pepers I hearing upon the subject Of course, there ia but one ; opinion, that if the poor devil* of Mexican* go to war ! with the United States, they will get a most infernal lick ! ing From what 1 can collect. I am of opinion that if the ! United State", st present, were to attesnpt to conquer Mexico, or even to annex any conaiderabie por tion of its territory, they would cause gr*?* dissetis laction in France ; and. In all probability, would have to encounter the decided hostility of the French Govern ment. A reference to M. Oultott very remarkable speeches on the Texan question, will show that frianco attaches very fcrcat importance to the |>r<iwniition of Mexico at ? separate nation; and that, apart from that consideration, it would regard unfavorably any further aggrandizement of the l.uited Stats*. Mr. Hoik, It is i true, has declared that neither France nor F.ngland shall | interfere in the affair* oi the American continent: but. i then, M. Ouizot has also declared in the most formal I manner, in the name of France,that it will, in spit# of Mr I i'olk, interfere u olten, and in such manner, as It pU

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