NEW YORK HERALD.

New York, Sunday, December z. Is4S.

The Late Important News-Oregon-Atti-
tude OF England towards the Unsted



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The Late Important News-Oregon-Atti


tude OF England towards the Unsted


States.


The news which we gave yesterday, received by
the Cambria, and which we were enabled TO lay
exclusively so early before our readers, by our Ex
press, presents indications OF q more important cha.
racter than any thing which has come from Europe
within the last twenty years.


Ii may appear that these are strong words, but we
think the indications of hostile movements in that
quarter which are disclosed casually in the daily
journals, are most significant. We refer especially
TO the frequent Cabinet councils, and the rumors
contained in the papers generally, in relation to the
discussions and proceedings of those important
meetings.


BY an arrival previous to the recent intelligence
it was thought that these Cabinet councils were
held upon the question of the policy of opening the
ports, and of providing the means OF avoiding the
impending famine. We have, however, received
private intelligence by the same steamer, in which
1t is lntlmaed that another matter was also before
the Cabinet, equal, If not beyond it in Importance
that is, the dispute between Great Britain and the
Uaited States, the subject OF the Oregon Ter.
ritory


1t is evident, by the latest information, as we'll as
by the tone OF the best informed journals, that this
is a matter OF intense consideration and much dis
cussion ia the British Cabinet No doubt the nego-
tlations which have, during the past year, ransped
between Mr.. Buchanan and Mr. Pakenham the
British Minister al Washington, have all been made
known TO the British Ministry, and they were in
possession OF the same information which the late
Message has now disclosed TO the United States.
We have seen the position in which MIR. Polk has
put the British Government on this question. I his
awkward dilemma, into which he has put them, has
created feeling the mind Of the British Cabinet,
which may probably be the cause Of the numerous
discussions and differences of opinion among them.
We have been further informed by recent-arrivas,
both publicly and privately, that these Cabine. coun
ellis characterized by features Of extraordinary
and terrible Importance. 1t appears, regard the
policy Of opening the ports, there great differ
ence Of views between Sir Il. Peel and the Duke
Of Wellington; the former representing the manu-
featuring and commercial interests the latter being
the organ of the high landed aristocracy, their
views are correspondent with the different positions
they occupy. Also, on the Oregon question, in re.
ference to all its aspects, as now made known by
the Presidents message, there is the same disunon
in the cabinet the Duke Of Wellington being tor
ar,while Sir r. Peel, on the other hand, is willing
TO settle the difficulty peaceably by negotiation or
compromise. We have our reasons for believing
that the views OF the Duke of Wellington will sue
ceed in the Cabinet.


Again, when We couple these things with the
vast preparations carrying in the British arsenals
thelrtortlfcatlons, and the increase Of their naval
armories, we have strong grounds tor believing that
the British government is preparing to make a great
trv.
may be. on ly in relation to Oregon but no doubt at
the same time with double view to the occupation
of California also.


That such is the view of the public mind among
the intelligent classes of England, we may gather
from the singular and otherwise inexplicabIe
aspect OF commercial transactions. The cotton
market, by the last accounts, has exhibited
certain significant symptoms OF commotion. Prices
have risen. This was no doubt the result of the
strong measures preparing by the British Govern
ment, which tend 10 bring it in collision with this
country. The British Government would wish their
manufacturers to buy all the cotton in the world.
and. if possible, to sweep the markets, that it NIGH:
possess stock, as supply for its manufacturing
establishments, in the period Of military and naval
demonstrations against the United States. The
same causes operate on the corn market If, there





should be thrust upon the British Government, we
must expect great rise in cotton, and great pur.
chises of corn, the other great staple before any
declaration itself shall appear or any actual demon
straon be made on our coasts.


1t is also evident, by the latest publication by the
French Government, and by the tone of those Jour
nails considered as organs of Louis Philippe, that
there is perfect harmony Of feeling between these
Al.
States. The position Of this Republicans rapid in
crease, lis immense power and moral influence
are equally threatening to all the monarchical
powers Of the old world; and the time of "great
war" predicted by the Duke of Wellington, must
sooner or later arrive. The Oregon question may
b. the preext, and the position In which England
has been thrown before the world by Mr.. Polk, is
certainly very embarrassing and annoying to the
British Government, and may hasten the crisis.


Thus It will be seen that the last news is, indeed
otfnghtfu Importance to the future relations of
this country crisis must take place in less than
three months, which calls for all the energy and
prudence of the American government and people
10 90 through, it, and to 90 through il with dignity
and proprlety Let us grid up our loins and pre-
pare


News FROM SOUTH ANERIcA.-By advices from
Montevdeo, received at Rio Janeiro, dated Sepiem-
Der 10th, and contained in the MercantR of RIO Ja-
neiro, we learn that Colonel Garibaidi, commander
Of the republican troops, had taken the island OF
Martin Garcia, garrisoned by the troops of Rosas,
under the command OF Pedro Rodriguez The
island was taken without the effuson of blood the
garrison having capitulaed to the superior force Of
Col Gerbaldi.


A aH IL