The New. from Europe-Oregon.
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on,;,onslv darkened our horizon There will be no
War respectinr Oregon-at least, there need DC
none Great Britain earnestly desires Peace win
ma md i; willing TO make sacrifices 10 preserve H.
Of,h;s M one who has read the leading English Jour
,.,.or.u nar,ies can entertain serious doubt Eng
,.nd IA ut this moment paying One Hundred and
Einv Millions per annunl the cost OF National
Honor with good prospect OF paying 1t so long as
the world stands She does not 10 buy any more
a. the same rate Neither does she value the rocks
and SHOWS ofNorthern Oregon except so far as they
are necessary to preserve the chain Of communica-
tion between the Pscifc and her American posses
sions ON the Atlantic The Peel Ministry have
troubles enough on their hands in the Corn Laws,
Ireland and Pauperism without courting the chances
and burthens of a Foreign War. A; the same time,
they will no, be buied into the surrender Of what
they regard as the territory and interests OF the Ma
tion. The spirit of the People would not permit
them to be so. A war abstractly would be unpopu-
lar with the English with any intelligent Nation
but let them feel that their Government has no alter
native but to fight be bulied out of National
rights, and the spirit Of the People would demand
resistance and War would strengthen the Min
istry and call forth the resources Of the People.


The question of Peace or War, therefore, rests
with this Country alone. Great Britain has pro-
posed compromise; 50 have We. The difference
between the two lines considerable, yet not essen
tial She has offered, and now virtually offers us
Arbitration and that ought to accept without
moments hesitancy. Our claim, with regard to all
that is essential of Oregon is stronger than hers
we establish il before any competent, impartial
tribunal Ii is an absurdty gross insult to Christ
endom. TO say that no such tribunal can be found
Russia, or Holland or Austria, Prussia the Pope,
the Sultan would do strict justice to both parties
He who believes that any potentate would render
corrupt judgment such question, in the face oil
the civilized world hold iniamy very cheap in.
deed. But even were it established that no Govern
ment can be trusted with such an issue, DO know
that there are upright competent individuals
Statesmen, Geographers, Historians, Divines-oi
whom three or five might be selected to settle this
difference with perfect integrity and justice Why
should not hasten to secure the glory ot first
proposing and insisting some such mode OF adjust
ing such differences instead of the murderous and
un.Christian resort TO cannon and the sword which
can best prove nothing determine nothing but the
respective strength OF the two parties2 the strength
of their arms mind you, and no; all Of their argu
ments the intrinsic justice OF their rival preten
sions.


There never was more propitous season for tie
final settlement Of this controversy than the present
II ought to be settled forthwith, and we trus, the
most energetic efforts are be persevered in until
the result is attained If our present rulers had the
mngnanimity to appoint nm august Commission |
composed for example, of Messrs. Clay, Calhoun and !
Van Buren-to proceed AT once TO London, clothed !
with full powers TO compromise, arbitrate or termi'
nate the dispute in any way which to them should
seem proper, they might undo part of the mis- /,
chief in which they have involved the Country


But this they are not likely to do The naked
fact is, that oil the difficulty in the way OF prompt
and amicable settlement of the Oregon Boundary
grows directly out OF the attempt of the LocoFoc
to make party capital by pandering 10 the passions
Of the reckless by appearing in the attitude of the
especial champions of National Interests and Ma
tonal Honor. To reconcile the North to the An
nexation of Slave Texas ii was found expedent by
the Convention which nominated MIR, Polk 10 couple
Oregon with Texas in the same resolution and de.
clare that Our right the ochole of Oregon is clear
and ndisputabe,' and that the reoccupa,ion of
that territory object of special soeitude. The
game here aimed atwas the securing of Western and
British. hating votes, and it doubtless succeeded,





to pursue an aggressive bullying policy with regard
TO Oregon. His Inaugural 10 the American People
was couched in terms offensive to Great Britain,
which his prompt offer lin privae) TO divide the dis
ppted territory proved 10 be unius,iable even in
bis own eyes His Message was couched in the
same spirit and, while revealing his own detection
from the pledges of his party respecting Oregon,
threw out flor Buncombe) general defiance 10 Eu-
4
dignation in turn. The gambling for hurrahs and
votes thus commenced was followed mp by Messrs
C.J. Ingersoll, Cass and Allen in Congress and II
would have been carried these four years but for
the course taken by Messrs Mangum, Crittenden.
Adams and Giddings. The dominant party would
never have cared wished to settle the Oregon
Boundary, SO long they could use it to show
themselves of as the paladins of National Honor
and hold up the Wings a craven,hearted anti.
American, British party. The moment this game is
thoroughly blocked, they will perceive the expedi.
ency Of acting like rational beings, We trust.
therefore, that the Wings will every where under
stand this and interpose no obstacles giving No
tce any other measure not necessarily bclliger
ent which the Administration and lis hackers shall
see ct to push through. Noo,hercourse will secure
Peace so effectuay as this lie, us do all that can
honoraby be done to preserve Peace, but holding
back the Government by main force from any meas
ures on which it processes to be resolved, will only
prolong the crisis of uncertainty and apprehension
and render War more probable in the end Let
Mr.. Crittenden's resolution be supported let a
proposition to Arbi,rate also be carried if Mr. Polk
does NOT see t 10 arres, il Idle is the attempt
to preserve Peace by binding the Of our rulers
leave such absurdties to the Journal of Commerce
and its mercantile followers who Went the whole
hog for Polk and Dallas. and never whispered dis
sent when the Baltimore Convention originated all
this mischief Hereafter, i, will be well to pay at
tenton to such tricks of Political schemers in their
inception. and no; wait to NEE, them with idle de-
nunciasion when too late for effective resistance If
some Of our Merchants and Men of Property shall
learn that Il becomes them 10 cyin-e consistent in.