Oregon Debate in the Senate.
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On he 4th and 5lh inst's., Mr. Hay wood of North Carolina delivered spec cb, in the Senate, which has attracted much attention, and which was the occasion of some very incorporate remarks, in refer ence to the President, by Mr. Hannegan.

 The following extracts present, in sub- stance, the position assumed by MT. Hay wood, and the rejoinder of MT. Haunegan.

 Correspondence cf the Charleston Courier.

 MARCH 4th.

 "Mr. H. maintained in substance that the President was bound by good faith to offer the 49th, and to adhere to that offer should it come back to him; much of his speech Was in reply to the remarks of some of the ultra Oregon par. ty who had declared their readiness to go to war for 54o 40, and who had asserted that the President could mol and would not negotiate for any thing short the whole of Oregon. The President had said nothing, which would pre-. vent him from accepting the off of the 49h. MT. H. contended that tle President stood up- on the 18th, and he MT. H. placed himself ups on the same position and would maintain it. In speaking of thc 49th, he wished it 10 be under stood, that he did not count inches, and that he meant the 18th substantially not regarding slight variations.

 No man, NTH. contended, had any right to say or to infer that the President ofthe Un- ted States was in the same position now, that lie was when his message was written. There had been negotiations since that time and they were not ended. The door was not closed against them.

 MT. il. showed that the negotiation was not ended, tho the correspondence was suspended. fit was ended by the British Government, the British minister would go home.

 Mr. H. protested, over and over again, and in the strongest terms, against any body's right to assert that the President would not compro. mise on the 18th, and lie declared If there was any truth in logic, meaning in language, or sln- cerity in men, he would demonstrate that his opinion was correct and he went on to do It clearly and satisfactorily.

 MARCH 5th.

 MT. HAYWOOD resumed his remarks on the Oregon question, and spoke nearly three hours

 He went on to speak of the propriety of giv- ing the notice, it ended in nothing, it could do no harm. 1.-the President should terminate the negotiation, refuse any compromise, and still give the notice, he would betray us. If so, the matter would still be in our own hands, If any.Senators was afraid of trusting the Presi- dent, he for one, would pledge himselk never 10 adjourn, until the question of peace or war was settled-until it was known, whether a compromise on 49, would be accepted or not.

 He wished the notice to be given early, for