OREGON NEGOTIATION.

Next follows Mr, PAKENHAM's reply t
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N ext iOl0WS NIT, IAhENHAM'S , G6ply to the above, dated 18th September, l844;

 After briefly stating the grounds on which Mir. CALHOUN declines his offer, Mir. r. ob- serves that he has not been able to discover any evidence that Louisiana extended west ward to the Pacific, but has strong reasons to suppose the acknowledged boundary was the Rocky Mountains, and quotes President Jelierson's letter having entertained that belief H, however, Louisiana did extend westward the Rocky Mountains, France transferred that claim 10 Spain in 1762. and it became subject to the provisions of the treaty of 1790, between Great Britain and Spain, which ab- rogated the claim of Spain to exclusive do minion oyer the unoccupled parts of the American Continent.

 He says as to continuity, ''it may more properly be considered as demonstrating the greater degree of interest which the United States possess by reason of ,contiguily, in ac- qulring territory in that direction, than as affecting in any way the queston of right"

 He acknowledges that Spain conveyed by the treaty of 1919, all the rights she had to dispose of north ol 42 degrees, but she conld not by that transaction, inYall- date the rights which she had by d previous transaction, acknowledged to belong to an- other poweF,o and the treaty of l790 ac- knowledged in Great Britain certain rights D

 With respect to the claims urged fer ilec- eta and Gray, to the discovery oi the Colum- bia, both vesling in the United States, be ii remembered, he says they conflict, but al- lowing them both to be vested in tie United States, if Herecla's claim be good, then Great Britain has joint claim by the treaty oi l790

 He then proceeds to a consideration of the British clam-says the United States had no claims when they became nation, and that those of France are worth nothing, urges the commercial intercourse of Great Britain with the Nogrh-west Coast, the voya- ges of Cook, tine discoveries of Meares and survey ofthe coast aad islands by Vancou- yer, and says that by these Great Britain has as strong claim by discovery and eXplora- tion as can well be imagined,

 He sets the accuracy and authenticity oi Cook and Vancouyer's survey against the discovery of the mouth of the Columbia by Gray.

 On exploration, he says that Mckenzie, a British subject, crossed the Rocky Noun tains to the Pacific in l793 and discovered the upper waters of Frazer'5 river which in process of time was traced to the sea in lati- Jude 49, and this he puts as a coanierpoise to Lewis and Clarke's discovery of the upper waters of Columbia.

 Priority of settlement he says amounts to a trading post i'll 1Sll, which has not been occupied by the Americans slnce the surren- der alter the war.

 h connterpoise to tic declaration of Lord Gastereagh 10 AIr. Rush, he puts that noble mans despatch To the British Minister al Washington, at the time of giving up Astor- ia, claiming the whole territory.

 He says hat the state of the question is that the parties are in joint occupancy. and Great Britain can only be diyested of her righ of that joint oce eupaucy, hy an equitable par tition ol lhe whole be.ween the two powers

 lie says Great Britain, in adhering to the line oI the Columbia, "is not influenced by motives of ambition with respect to extent oI boundary, but by cons derations of utility not to say necessity, which cannot be los sight ol:o Sc,

 He concludes by requesting proposition from the American Pleaipotentary, and alst a statement of the claims which the Untet States may have to other portions of tht territory, as alluded to in }r. Calhoun, statement.

 On the 20th September, l8I4, Air Calhou. rcjoins to lke counter statement of Mr. Pax enhanI

 The statement of Mr. P. has not weakene, his confidence in the American claim. Il, does not understand iIr. r. to deny that th, Spanish na9galors 5were the first to discoye and explore the entire coast ol Oregon Terri tory, or the claims of ileceta and Gray tc the discovery olthe Columbia On the othe hand he understands him as admitting thes, claims, but that Spain dlvesed herself oi he eX lusige rights resulting from them by lhi treaty of l790 But having thus pat asia, the claims of spain by this assumption, tn counter statement opposes the clam, of thl U. States by those founded on the voyages 0 Cook and Meares, Sc.

 It will not be expected that he will under take to repeal what he regards as a mere as mptIonunsustalHed bv any reason. In hi opinion there IS nothing in the Nook Sound Convention to warrant the assumpiion On this assumption the counter siatemen resists lls objection to the well founde, American clam. Without t there would ne be left pIauslbIe''objection to him.

 As 4o MchENzlE's $ discovery of Frazer river il Is an inferior stream and cannot alice the discovery of the Columbia

 It IS not ened that we had the first settle ment, that Ii was restored, or that we had right to be considered in possession Vhil treating of the lida He answers Mir. P. mo. iorclbly OH this point as also on our ulI from France, and demollshes the supersiFuc tare he had raised oa Mr. JEFFERSON letter, eXplodes what he says abou contit uity and contigHity, and shews that the rigl ef continuity westward is one claimed all enforced by Great Britain herself

 Mir CALHOUN cannot assent to the concl, sion as to the condition of the question stale Ill the counter statement. '.Ile claims n thinks he has shown clear title on the pa of the U. s. to the whole territory drained b the Columbia; with the right of being rel, stated and considered the party in posse sion while treating of the title-in whic character be must insist upon being consit ers1 in nforp,itv with noSitivn t,o., ', ctir,