The Nows from Europe-The Oregon


Question
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The advices from Europe have had a te ndency to
depress business. Every thing remains in a very
quiet state, and no one knows what course to pur-
sue We can but anticipate more unfavorable news
by the next packet, which will not be due for a /
least fortnight; and until her arrival, there must
exist an apathy and uncertainty both in political and
commercial matters, any thing but desirable.


We have received no political advlces sufficient
iy definite to have any influence upon the move
ments Of Congress. If there has been any inclina-
ZION In the minds Of any members of the Senate to
put oil action upon the Oregon question: until after
the arrival OF the steamer there has been very little
gained by procrastinating. They have no more da-
ia to work upon than they had before. Very unfor-
tunately the arbitration correspondence did not ar
rive out until just before the steamer of the 4.h INST
LEFT Liverpool, and those who were anxiousy wait.
ing returns, giving the effect of the refusal to arb
trate, have been most seriously disappointed. II is
possible that the notice resolutions or the COM
promise resolutions, may lay on the table OF
the Senate some time longer, before they are
hnally acted upon. There is evidently disposition
among those members of the Senate in favor Of COM
promising upon the Oregon question, TO wait the
receipt OF decisive accounts from the other side, in
relation to the recent correspondence between Mr.
Buchanan and MIR Pakenham. Another fortnight can
be very easily consumed in debating the question;
and when 80 much depends upon the action of the
Senate in this matter. it may be perfectly jusfable
to delay final action as long as possible.


We publish to-day an article from the London
Times, IN relation to compromise the two nations
might agree to, without sacrificing particle Of the
honor of either. The Times OF the Sd instant pub
lished the news received by the Patrick Henry, but
made no comment Other papers, however, par
ticulary the London Standard, had commented
upon 1t In the severest terms The Standard Is the
organ OF the Government The fact that arbitration
had been fatty refused, was known This tedious
affair appears to remain involved in as much mys-
terry as ever After all the debate and correspond
ence on both sides, and in both countries the ques
tlon is, probably, nearer settlement now than it
wastwenty years ago.


While there exists disposition on the part OF a
certain party in Congress keep this question open
until 1t can be disposed OF properly and decisively,
there Is another party desirous OF keeping the whole
affair open for years. The leaders of the war par
iy having taken position for the whole of Oregon,
wish to rest there having placed themselves be fore
the country as champions of its rights they have no
wish to be deprived Of the benefits OF that position
by an amcabe, or any other settlement of the ques-
ton. II would be doing the States some service if
the British government would adopt decided action,
and bring the difficulties to crisis, in some shape,
at once. 1t would be well if England would take it
out Of our hands, give the notice, declare its ultima
tum, and then, at the end of the twelve months,
let circumstances regulate future action.