From Me W. Y. EIpress. THE PLEDGE OF NEW ENGLAND TO THE WEST.
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When the Distribution principle was tenn porarily yielded in Congress to secure the passage of the Revenue Law, pledge was made by the Wings, more friendly to the Tariff than the Distribution, to stand by the last principle, if it should for time, be yielded to secure the more important one of revenue for the Government and protec- ton for the people. That pledge, we are assured. will be maintained, and we have the first guarantee of the good faith inten- ded by New England to the West in the message of the Governor of Massachusetts. After an able defence of the principle of Distribution, the Message concludes as fol- lows:

 "But the people must not be discouraged by defeat-they have the power to set this matter right; and steady, patient, re- soIute perseverance ct the ballOt-box will accomplish it. No friend of the great inte- rests of labor should slacken his exertions till the distributive policy is carried into successful operation.

 Notwithstanding the defeat of O measure so salutary and suspicious to the interests of the people, we find much consolation in the fact that the horizontal line of duties has been abandoned, and that the great principle of discrimination in favor of Ame- rican labor has been It stored. This we owe 10 Ine p0tlence ana peESeVeFsnS SneTkv of Congress amid endorsements such as have seldom beset deliberative body. That the new revenue bill will exert a happy in- fluence in renewing the courage of the de- spOndent. and in infusing new life and ener- gy into business, can scarcely admit of a doubt; but the work is not done, nor will 1t be till the principle of distribution is asser- ted and maintained. This may be done by such law us was enacted at the extra seS- sion, or the average amount received from the sale of public lands in ordinary years may be ascertained, and that sum paid into the treasury, while the surplus shall be dis tributed. Until the one or the other is ac- complished, there will be no lasting pros pcrity. JOHN DAVIS.

 Council Chamber. Sept. 2, le42."

 BANK or ENGLAND Nosas.-We notice. in tho Wes- tsEa papsE ,ha. Bank Of England notes of the dsHo- imitation Of ElO and EDO ere circulating iR New O. leans. Louisville. and Cineinnali.-N. Y.EsP.

 The news Of the passage Of the Tariff Bill was Fe' esivsd as Maach Chank, Pa. by tho ringing sf esls Gsag of cannon, and at nishIs ssnsral illumination 0B t|D Vlll4&Ns