From the N. Y. Erpress.
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From the M. ". ETpness.

 Federal and DemOcrat.- Henry CIay.--We observe that some of the administration presses pretend to revive these obsolete party distinctions, instead of assuming the only terms that mark present party divisions. Wig and IOTy-the friends of the People and the friends of the Crown-these are the proper distinctions. As to the Federal and Democrat-Mr. Clay gave the best account of that matter in his speech on the Protest

 It was in reply to Mr. Senator Grundy. who had been amusing himself with tue divisions Which he described in the ranks of the Op- position for MT. Grundy is so easily amused, that his own speeches entertain himself as much as they fatigue his audience. MT. Clay retorted to the observations of MT. Grundy with his usual felicity. It was obvi- ous, he said, under the circumstances des- cribed by the Senator, that nothing but a deep and solemn sense of impending dangers could have united in one common cause, per- sons entertaining such a diversity of views as to the proper administration of public af- fairs. g1a :aats ai

 "The Senator," he continued, "assigns to the opposition the Federal Party. Of all the political parties that have existed in this country, I have before said what l believe, that in the main they have been honest and patriotic. That may be affirmed of the Fed eral party as ofany other. The cause which produced the ancient divisions of the People into Federal and Republican parties have since ceased to operate, and it is unjust and ungenerous to endeavor to preserve or affix the denomination for party purposes. The Federal party was, indeed, supposed to lean more than their opponents did, to a strong and energetic Executive and in that respect the Administration party of the present day may be pronounced to be more Federal than their opponents. The original causes having ceased, the Federal party has divided itself between the two parties of the present day. The better portion of h anited soith US, and the aoorse aoith the Senator and his friends. will add that of all the politicians in this or any other country, some of the Federalists who united with and adhere to the Jackson party, are the most destestabe. They appear to obligation, and principle, which should bind men to their country and society,"

 A Jake stoyy-good and tYue.-A friend of mine built good schooner, and through the request of the master workman, and present. ation of set of colors, she was christened " Thomas H. Benton" She cannot get a load in any port in Lake Erie, even when there is freight to send, and the way she is jeered with "T. H. Benton," flying at her mast head when in harbor, is caution are you loaded with yellow boys, will you take load of sinners to Missouri, and so on-her owner says he is in danger of being Lynched, and as her name cannot be altered, except by an act of Congress, it has been suggested that he draw black lines around the magic name, and write upon the flag "expunged."

 ea Dayton, Ohio, Journal