The Treaty.
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The Courier and Enquirer publishes a letter o
which the following is the main part, protesting
TO give an insight into the secret history OF the
Treaty lately concluded with Great Britain:


When Lord Ashburton arrived at Washington
he took an early day to open the subject of his
mission; and with that frankness which marked
his whole course throughout that negotiation, be
| advised Mr.. Webster that the nature of his in
disputed territory north of the line of highlands,
claimed by the British Government to be the true
boundary.


This of course presented the question in a very
serious light; and Mr.. WEBSTER very promptly
informed his Lordshp that he must either recede
from this demand or terminate his mission As
his instructions were peremptory, ne was about to
close his mission of peace, and war between the
two countries appeared inevitable; when MIR.
| WEBSTER persuaded him to enter into full ex-
animation of the whole question with view TO
make himself acquainted withits real merits. This
he did in obedience to Mr.. WIS urgent solicita-
tons; and such was the character of Mr.. WEB
| srER's representation of the facts-so perfectly
simple did he render this intricate subject By bring
ing to bear upon it the force of his mighty intel
lect-thut Lord AsHBURToN acknowledged his
conviction of the injustice of the claim of his Gov
ernment to the extent insisted upon, and actually
agreed to remain at Washington until he could re-
ceive additional instructions from his Government,
instead of promptly closing his mission as he was
authorised to do.


A delay of six weeks followed, during which
time nothing was heard in relation 20 this negoci-
alton but at the expiration of that period the anx-
iousy looked for instructions arrived and the treaty
was actually made according to the line Of bound
arv fred by Mr. WEBSTER after Lord AsHBuR,
TONS mission under has first instructions had
actually closed.


On these facts you may rely: and they are not
ouly highly creditable to Lord Ashburton, but very
clearly prove that Mr.. Webster is entitled TO the
gratitude Of his countrymen for the amicable adj
iustInent of this very troublesome question, to an
extent which is known to only few of his friends.
The BANKRUPT LAw.-The Journal of Com
merce contains the following paragraph concerning
the fate of the existing Bankrupt Law. Wha,
ground they have for it we are unable to say. We
can only hope that their prophecy will prove false
though we scarcely expect it.


1.-The fate OF the Bankrupt Act is sealed 1t is
TO be repealed, condemned, repudiated, in vo-
len, and vindictive manner. The instructions to
the Vermont Senators have settled the question
No regular course of Legislation is to be tolerated
in regard to this Inflated law. 1t is not to be
regularly annulled but it is 10 be Lynched. 1t is
to be tried by Lynch law and expunged The
plan is to present petition for its repeal-to move
reference OF that petition in the House to the
| Committee On the Judiciary, with instructions
forthwith to bring in bill repeating the act, and
then this bill is to be passed at once through al
the stages of legislation, under the decision made
by the Speaker at the last Session. Some say that
the President will veto this repeating law. Many
express an ardent hope that be win do So Some
OF the ultra Wings say that if he viii, they will
take this veto as a set-oH against the Bank and
! Distribution ve,oes''