CONVERSATIONAL.
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 Letters from our Senator, the Hon. CHESTER ASHLEY, afford us the latest Congressional news.

 It is his opinion that resolutions annexing Texas to the United States, on the basis of the rejected Treaty of the last session. will pass the House in short time. The fate of the measure in the Senate he thinks doubtful yet.

 Tho House have passed bill providing for the collection and disbursement of the revenue of the Government, very much on the plan of the act es tablshing the Independent Treasury, by large ma jority.

 A bill for the organization ofa Territorial Govern ment in Oregon is in progress in the House.

 The bill was introduced by Mr. A, v. Brown, of Tennessee.

 It establishes government over all the country lying west of the summit of the Rocky Mountains, and bounded on the south by latitude forty-two, and on the north by latitude ffly-four degrees and forty-nine min utes of north latitude.

 It provides for the appointment of gov ernor to reside in said Territory, and also to act as Indian agent, with salary of - dollars also for the appointment of judge, secretary of the Territory, attorney, and mar shal, with salaries of -- dollars

 IL organizes legislative department, to consist of council of five, and an assembly not to exceed fifty in number. Each five hundred inhabitants to be entitled to one re- presentative.

 N person to be entitled to vote for repre- sentative or to be eligible as such, unless he shall have been citizen of one of the United States or some Territory thereof, or unless he be an actual resident of said Territory and shall be free white male over the age of twenty one years judges of election to have authority to itlteffogate, ell oath, all persons l offering to vote who shall be suspected of d want of fidelity to the United States, and to reject the vote of such as refuse to take tie oath of allegiance to the United States,

 The members of the council to be cleo ted by the house of representatives, and classi- fled by ballot so that one shall go out annual ly; members of the house of representatives To be elected for two years, and the council for five years.

 The governor to have a veto on all laws passed, unless afterwards passed by vote of two-thrds but all laws subject to be repeal ed by Congress. The bill provides for the establishment of suitable forts within and on the main routes leading to the country.

 Onmotion by Mr. \. Y. Brown, the above bill was referred to the Committee of the Whole on the State of the Union. Extract of letter from gentleman at Washington

 City, to friend in this place, dated Dec. 18th:

 s.Coniecture is rife as to the complexion, and who will compose, the new Cabinet No intmation has been given by Mir. POLK; i; and, however composed, it will be one of his own choosing, as he intends to act on his own judgment, being alone responsible to the country for the selection. BENTON will, I think, ultimately oppose his administration. His Texas movement looks to that result.- Col. ASHLEY is active, and bids fair to take high stand in the Senate He has made an impression here that falls to the lot of but few who become members of that body Judge CRoss' health has greatly improved"