from lie Constitution.

I'll. ZDLL YEREIN TREATY.
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 We have rason to suppose that this treaty has been under consideration in Che Senate but, unfortunately for the establishment and success of unrtstrlcted commerce-or al least a commerce of equal and reciprocal advan- tages-it has pot vet been confrmed The doctrine, of which it is but partial illnstra- ton, will ultimately be acknowledged and established, as the only true and proper basis for commercial intercourse between nations. It IS the doctrine of justice, of fairness, of equality, of tie true interest of society. and must finally recommend itself to the adoption ot all, because all will see in it the true line oi their prosperity. We can butdeeplv regret the opposition to this treaty, therefore, because It has It's foundation in a narrow and selfish policy, and conflicts, as the principles of the "protectionistso ever must, with the broad and expansive general interests of the whole country.

 We regret the non-confrmation of this treaty the more, because It is understood here that Mr.PAcKENHAM has been invested with power Tor negotiating, upon reciprocal and equal terms, q treaty, by which there may be an exchange of the surplus products of both countries to the mutual advantage of each. With such treaty in force, what an impetus would be given to the commercial and ship png' as well as to the planting and agricul- tural, interests of the country The cotton, tobacco, and rice of the planter-the bread stnits, pork, beef, lard, and numberless other things ol the farmer would at once find their appropriate market in England; feeding and sustaining her starving millions, in exchange for such, and so much, of her manuacturing products as we needed here. Call this pol icy by the name of free trade, or what you Will, 1t IS the true policy of nations as well as of individuals. One man possesses flour. beef, and pork, and wants cotton-cloth. hoes. and axes; another man possesses these last mentioned articles and wants flour. beef. and pork, they exchange commodities to the ex- tent of their wants, and both are mutually benefit ]. This is the doctrine of commer- clal recprocity-tis is the doctrine of common sense-it is the doctrine fitted to the condi- ton of peaceful and civilized nations: and sooner or later, must become the general policy of the commercial world