|" T agn, &e.,

 JAMES BUCHANAN.
{"newspaper_name": "The Arkansas banner.", "edition": "01", "page": "p2", "byline": ""}
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ssi.OuFs McLsSE. ESq,. &e. SSc. Nc

 Mr. Beaton has staIed ia lhe course of his speech a new position, to which We cannot subscribe toiidea. rcrbts. As II is | new question, we beg leave to publish his views, as well as to lay before our readers the views 7shich present themselves onthe other side:

 By the terms of this article, the privilege of navigation IS confined to the Hudson Bay Company and to the British subjects trading w'lh them; and they are ,o be subject to ihe laws and regulations whtch apply 10 our own citizens. Now, there happens to be two Hudson Bay Companies, and those who do not attend io that l,lie fact may fall into great error The trst company has a per- petual character, from Charles tie Second, tc trade with the Indians on all the waters einptying in,e the Bay of Hudson. This company has no rights, under that charter. heyoBd the Rocky mountains. The second company IS of recent date, and IS formed of the lIadson Bay ant she old Northwest Com panv uniled. and exist under license of twenty-one years, granted by the crown. under an act of Parliament + bears the name of Hudson Bay company but II Is so entirely distinct from the chartered company of htDg Cltasles, that t can carry on no trade on the waters oi IIudson's bay, as the old Hudson Bay erssrsssany. can carry on none oa the waters oi the Pacific ocean. This licensed company was first ere4ied m 1891, and continued by a new license for q second term ol twensy-oae years III the year lSi2. il Is, therefore. now in the fourth year ol its present existence, and has seventeen years 10 live. l. Is of ihis second, or licensed com- pany, that she treaty speaks; and, oi course. ali ihe privileges granted by the treaty refer 10 it. The treaty stpulates for this com paay. as t IS, under iIs present liceuse not as Il may, or may not be. under new 1 license. l. stipuiases for company whose existence IS to terminale in 1883; and, oi couSse, that IS the Gnii. in point of duration of lhis privilege of navigation, which Is be- coming so large an sblect in the eyes of some gentlemen. Certainly, it mus. be admitted s, be very different thing from the perpet- aai navigation offered in 1926, and the sor- ersigaiy of the right bank of the rsyer de- Hlanded by lhe British since so many years ! The year 1883 is the limitation of the nari- gatloa now granted, aad those who to nol yield io the reading of the treaty, as il BOW stands, will only have 10 wal, till 1863, when iimc viii bsing an afgumaas which no one can m.sundCSsaad

 .as iiisse remarks were calculated to ai- tract some attention, we have made inqaires into she subject. B1e result of which wiii he found ln tue foilowing statement, showing, as we think, tsa. there is bull one Hudson Ray Company. The statement made in the speech, arises. probably, from tsle s.scans- stance thai certain privileges In the country west Of the Rocky mountains, were tempoF- araly granted to tais body by the British go- yenmeni. ,,s

 The Hudson Bay Company wa- formed under charter fsom King Charles the Sec ~ond of England, granted in May, i760, to .'fhs gorerner snd company ef adrsRfmysrs 1 of Ea land Trading sHlo Hadsoa's Joy, aud endowing them with perpetual possession. trade, and almost sovereignty of fail the eonn- tries drained by streams falling into Hudson's bay; which essu,riss, with the exception Q: small portion ofthe valley of ihe Red Fiyes Of Lake Wlnnepeg- saalaas.l n the Tssised States, ky tie eonvsE,ioa ci ISIS, thar eosss. Pany still holds, on llse sAass terms, 10 d. Y Vr