The Notice.
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Speaking of the passage of the Oregon notice, the
New York News observes:


1t is a matter for the warmest and most sincere
qualification to the whole country that the resolution
to give the notice has passed the House; and for equal
pleasure that ii has passed by which. show
ing it does, the unanimty Of our people, will prove
most conducive to the maintenance Of our peaceful
relations with Great Britain The prcviso that the
notice did not preclude negotiation is of little meaning
IN itself, nasmuch in case, not with snatch
es lighted" would negotiation be cut off. 1t has no
other signfcation than expression of the desire
tor peace, while a determination TO support
questionable rights, is also proclaimed. The resolu-
luton will doubt pass the Senate in the shape
in which it leaves the House.


The notice should have been given years ago. and
is not event necessarily followed BY hostites The
notice will be given, and Oregon will then be placed in
precisely the same condition in which the Northeast
ern Boundary remained for quarter of centu-
ry. 1t will not preset of itself of QUARREL
but contention may grow out of some overt act of
either party and final settlement will then be ne
cessary. 1t will be 10 ground of compla int the
part of England that territorial government is i'm
mediate extended over the American citizens now
and TO be located there. Such Is necessary
for the safety of the citizens and the welfare of
Pacific interests /; and to promote immigration a
chain of military posts may be established to the
mountains. The matter will then depend upon a con-
fict between the settlers and the Hudsons Bay Com
pany and the interests of both parties such
not likely TO conflict The latter are mostly traders
with large capital and the former farmers seeking
sale for their produce.


In the published correspondence between the Gov
ernments, there is nothing that need excite alarm
Mr. Pakenham reiterateS the proposition to arbrate
meanwhile nothing can be more nadmssible, and Mr.
Pakenham himself admits the difficulty when he pro-
poses to leave the matter to individuals.


On recent occasion stated that conceived
q bp 10 dutV of IL fo 1pma nd
planatlon of the armaments going forward in Eng
land The correspondence developes the fact that
those explanations had been demanded, and the en-
pected evasive answer obtained. There is doubt
but that the preparations chiefly to support the
negotiation with this government; but when Mr.. Nc
Lane assumed tllat great blow is to be dealt sud-
denly with view to finish the war; he, in our esti-
nation, committed diplomatic fault. in speaking too
hastily. What possible blow could England deliver,
that would intimidate and crush 200G0, 900 of peo-
pie Suppose she strikes such blow and fails she
is crushed herself. Her offensive means will have
been exhausted and she will have laid herself open to
attack. She would proceed by no such means. Our
absurd financial system offers her far better
of annoyance. With less expenditure of money than
one ship Of the line would cost, she IAN undermine
and destroy whole credit system, and bankrupt
every merchant in the country. At time in our
history our banks in a more inflated condition
than The sale of the English Government bills
in this market at low rates for specie TO but oder-
ate extent will undermine the whole fabric, and pre-
vent the government from obtaining loans This sys-
tenn was pursued in the last war, when the material
to act upon far less than The result was
aided by the opposition of the Eastern States TO the
war, the bankruptcy of all the States south of New
England. and the transfer of large in specie
Canada. 1t will be by financial operations rather
than by blows that England will attempt to extort


favorable settlement of the Oregon question after the
expiration of the existing Joint Convention.