NIr. Polk on Oregon.
of the Journal OF Commerce.
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WASHINGTON, Tuesday, Jan. 20.


have three words only 10 say. deemit import
ant that you shoald know upon " hat Mr.. Polk reiEs
10 bring us out of our difficulties with England he
certainty is copiiden, of amicable arrangement
ITpon wha, is his reliance Do you know
don't But can conjecture. So can any one
If nv conjecture is worth any thng'-and it's
e,nnded on many conversations with public men
here. and a knowledge of the character and policy
of The Administration. will give it. TO wit
In the first place. Mr.. Polk relied on the pacific
disposition of England and the aversion of her Gov
eminent 10 20 10 for remote and vnueless
r;.ory. So far, Mr. Polk was right. His error was,
in losing sight of the fac; that preiensions might
be urged in such way as TO produce quarrel upon
the point of honor TO which England is as sensi
tive rs we are, and has greater reason to be so.


In the second place, Mr.. Polk relies upon another
offer of arbitration. AS proof Of this would re-
mark that there is mention Of that resort IN his
Message


In the third and last place nc relics upon Treaty
Tar.G; some reciprocal arrangement that would
give Great Britain equivalent for the abandon
ment Of her claims to Oregon.


If you can pon; me to any other grounds OF Mr.
Polks confidence (which he certainly has) of set
ting this difficulty, ,hen say, tn er's n1asnns
Apoi0