{"newspaper_name": "The New York herald.", "edition": "01", "page": "p4", "byline": ""}
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the peaceAble and conc,liatory disposition Of the


British government. Hitherto, that government has


shown great deal Of tenaciy in holding on 10 the


commercial and other advantages IN that territory


THIS grasping power, assumed by the government,


does not spring from the government Itself. 1t


springs from the monopoly OF the Hudson Bay


Company" From the best sources OF Information,


have reason TO believe, that the Hudson Bay Com


pany-a mere association OF merchants-has been


the principal difficulty Ia the settlement OF this mat


ter by advising the British governn ent to the un-


compromising policy which has been all along as


moving spirit OF all these negotiations, both as re-


CARDS what has been conducted here, and also in


relation to what has been advanced on the subject.


There is no room for doubt in the matter. The


Hudson Bay Company has not only an influence


with the British Plenipotentary here and also with


The British government but il has also employed the


Iigsss, and other journals in London, as advocates


OF Its claims and, in addition TO this, II has also
employed certain journals In Wall street, New


York, to join in the same movement. Last sum-


mer, and about the period when Mr Pakenham


refused the forly-nnth parallel offered him 6y MI


Buchanan on the part OF this Government, have


the best reasons for knowing that the Governor of
the Hudson Bay in Washington. About that


time ne also visited New York, and the agents there


exhibited good deal OF exultaton on defeating the


action oi the American government, on some mat


ter which was deemed To be dangerous TO the inte-


rests oi the company IN mat region. This have no


doubt had reference TO MIR. Pakenhem; the agents


being aware that the refusal would give them long


time 10 enjoy that monopoly, before any negoli-


alton could take place. Soon after this, il 10 well


known, the Tunes IN a series OF able articles exhi-
b,sd m intimate knowledge Of the state and pros
poets o. the negotiation which took place between
Mr., Pikenham aud Mr.. Buchanan-and, indeed first
published N ENGLAND statement OF the refusal OF the
~ parallel Now, il is we'll known, that the
Times is not the organ Of Sir Robert Peel and never
was; nor lsu possible Tor any journal in London, to
reach the secrets of the British Cabinet, if they
70 The Governor cf the Hudson Bay Company
known tc Ill the agents ut New York-the channel
OF communication was through those agents TO the


Itm,s and the Hudson Eay Company has employed
manner as client would engage a lawyer,
TO advocate their cause-and all this has
been done tor the purposes of The Hud.
sSs ss En Comrany na' not no. tor the PURPOSES OF
this SUBJECT, are prepared, evidently in such man.
nsr as 10 bctray their origin and motives. The
same articles that are prepared for the London press
are aso prepared In similar spirit Tor the press of
the unned States, by the same hand; and have no
doubt the Hudson Bay Company at the bottom OF
tne strange ani-American movement in Wall street.
ork AS we'll as in London and if they employ news
paper counsel In one city, they will do so decidedly
IN another.


From this situation OF the case, it will be see.
that all the difficulties which exist in relation to
this question, do net originate with the British Co.
vernment, but with the Hudson Bay Company
That government is In the position Of inert mass
IA body engaged in other affairs and thereby easl-
ly influenced in this question relation to the terri
tory and joint occupancy. Sir Robert Peel and his
Ministry have on their hands matters of more in


he1 l9 own s oes and British affairs
British government hold in Oregon is of small mo-
ment, but for the influence, and also their igno- |
rance OF the mercenary monopoly OF the Hudson
main difficulty in the way of the negotiation 80
that, by its influencing the British government
on certain line Of policy at London, and also by
present insuperable barrier to all negotiation ON
this question until the two countries are on the
verge, or In the jaws OF war | do not think that
the British government would have any insupera-
ole objection to the claim OF our government up to
oIfO, IT they had not been led astray by the merce
nary purposes OF the Hudson Bay Company II
anything Is TO be looked for more than another,
tension OF the policy Of the free trade party in Eng
land beyond the Rocky Mountains. Now, the
iree trade party have got great amount Of poi-
cal power; they have produced revolution, and
nave put SIT Robert Peel at the head Of that move
ment. The great region and centre OF the move.
ment are the manufacturing districts The free
trade party have attained the summit of political
power at present in England. Throus their counec-
lions with the United States, in a commercial point
OF view, they are more extensive than any other |
party who are connected with, found under tho
as the Be:
IN produce q negotiation on any terms which the |
United States may accept.


This is the principal and only hope. on which the
United States rely at present. to continue the peace
seen that this will be required to produce this state
OF things. II the government of England remains
az at present, there is doubt but after little
mercial interests, the influenc, Of the Hudson Bay
Company, such az It possessed for the last forty
years, will ee swept away like the mists Of morning
before the rising sun.


peculiar position of the question in England. In
this ccuotry, and with tho President, il s not with
out ID difficulties. In consequence Of the policy and
course which have been adopted by the present ad.
ministraiiou, since Mr.. Polk came into Office this
question has not only been complicated between the
two governments, but 1t has been placed in position
with his own party, so as TO make two violent fac
lions, and destroy all the moral power of the Pres-
dent over his own political friends. the policy
adopted By Mr. Calhoun, while IN office as Secreta-
~ oi State, If pursued, would have led TO iavora-
Hudson Bay Company. Mr.. Calhoun raised up a |
counier-check, by suggesting the rapid emigration
through the South Pass, to the territory This would
have gradually led to the acquisition Of the whole
action to that by which we acquired Texas. On !
the coming into power OF Mr. Polk, this policy was
changed, and negotiation was Immediately opened |
The 49,h deg was offered, and refused by Mr. Pax
enham; and then the claim TO the whole territory was
put forth BY the President, from which no motive
that ne can assign, can extricate him. Mr. Polk is
an amlable man, and in some respects, firm man;
but It IS beginning to be doubted whether in his
conduct on TINS leading question, lac has not lost
his whole moral powe. over his party and country
The feeling which IL daily exhibited towards him.
IN the political circles, by many of his friends
y any inlng but respectful Il il true that express.
sions his conduct, from both sections in this CITY,
are accompanied with an s'f," that if ne does 20
md he will disgrace himseH;" and that she must
do thing the other-;haf he must be either for
y deg or 81 40"-and IN either he can't escape
delinquency.


Saca believe is the best view can give of the |
prescnt position Of the President on this great qucs
hon ot our foreign relations. These ideas may be |
In a tew words First, that the ncgo-
taton OF the Oregon question on the parallel Of le
md the peaceful termination Of the will de-
end entirely on the disposition Of the British gov
That If no treaty bS made, and il We can
lot negotiate that parallel thar it 10 prsbable the