The Oregon Treaty.
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 The Union oLth.e 7.h inst. contains an official copy of the Oregon treaty. The provisions of the treaty are the same as those copied by us two weeks ago, from the Philadelphia North American. The same journal has lhis important declaration touch. ing the navigation of the Columbia. "The President had determined never to yield the permanent navigation of the Columbia to Great Britain; and by convention it is confined to lhe Hudson Bay Company, and and those who trade with them, and that on ly for limited time, as appears from the letter of MT. BUCHANAN 10 MT. MLANE, instructing him to communicate this inter- pretation of the Convention to Lord ABER- DEEM"

 This declaration, assuming as it does a semi-official character, must put to rest, the dea,-upon which we regret to see, a few western men are seeking to build up opposition to the ireaty-that the right to navigate the Columbia is ceded in perpeluity to Great Britain. What are the facts con. necled with this provision of the treaty r. Upon the waters emptying into the Colum. bia, there are British settlements made, un- der the treaty of joint occupancy. Their main outlet to the Pacific, by water, is the Columbia river. The sources o the Coum. bia, as laid down upon map before us, are some 60 miles north of he 49lh degree of north latitude, and even as high up as this there are settlements. It was a matter of strict national honor with the British Gov. ernmcnl, 10 maintain the rights ofi;s citizens, acquired under the treaty ofjoint occupancy, and these rights are understood to extend to the period, when one of the charters of the Hudson's Bay Company expires In view of these facts, no reasonable man can object to the trea y. Nothing has been ceded to the British government, but what under sim- liar circumstances, our government would have insisted on, if like the British Govern menl it were disposed 10 protect the perso. nol rights oits citizens. The treaty, how ever, we are of opinion, needs no defence be, fore the people. They will sustain the Executive and the Senate; and its opponents will find that they are "spiting in the face of he wind"

 It has been contended. in the Senate, by Mr. Cass, and others, and in the House of Representatives, by MT. Adams-that the charter of the Hudson's Bay Company is perpetual. and, therefore, the navigation of the Columbia, also. extends through all time. We believe the facts touching this matter to be, in brief, these:-The charter of the H :. Bay Company, granted, by Charles II, in 1869, is perpetual but the H. B. Company acquired no control over the territory of Oregon until it became associated with the North West Company in l62l-the dura ton of whose charter was restricted 10 2l years from that period. In lS42 ihe char ter of the two companies united, was exten. ded for 2l years more, and will expire by limitation in lS63--when the jurisdiction of the Il. B. Company, in Oregon, will cease by limitation. and he right of British sub jects to navigate the Columbia will, also, end