From tie Ph'Iade,pbi4 Leager. MIR. CLAWS SITlO
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In this speech. and the resolutions on which it founded, Mr. Clay very distinctly takes the following positions. First if the President will not distinctly state the objects of the war our armies must be withdrawn from Mexico, soon as they can be bceonsisently with national honor Secondly: moro territory must be acquired, beyond the boundaries of Texas, Thirdly; territory must not be conquered or purchased. for the purpose of in- troauciug slavery. Peace ra5out indemnity; 20 m0re territory; aJ siarery Io claqgered ie'7itorv- This is NIT. Gays programme. upon which he ex- poets to rally the "whigs' around him candidate for the next Presidency II i. the echo of Mr Web ster's programme, lately published at Faunei Hail in Boston. W i'll the people sustainu} That is the next great question Iyc believe that they will not But nobody knows who :s governed till after the election.

 With the highest respect for Mir. Claws talen,s we have no high estimate of his political saeacity and foresight. IIc is behind the age Like Mir Webster. Mr. iaams, lIr Calhoun Mir Berrien. hr. Buchanan, distinguished for ability, he re- minds Us of the lines winch he once quoted, in the Senate, al Gen. Smith. of Maryland:

 cold politicians chime ou wisdom past,

 And totter on in bundcrS b the last

 Mir Clay wisdom, like that Of the distinguished men aforementioned, is thirty years too old. The countIy has outgrown it. hey talk ike an old Connecticut farmer, trying to dissuadc his sturdy son from going to the West. ''liy son. I have lived on these hundred acres, where was barn for siNty-tve years, and have always got good living and have had a school house and meeting house handy. Do as ] dO Stick to the old farm. and live my lie over again after have gone. Do not tempt fortune" But Daddy Brother Jonathan went 10 the W est len years ago, and now has a well cleared farm of six hundred and forty acres Can't do as much there in the next ten years Your notions were good enough when Connecticut was q little colony. the border Of a wilderness. But now. civilization has left Connecticut clean out of sight. Farewell Duddy. til next thanksgiving '- And of goes Joshua with his axc to conquer a wilderness And he does it.

 These sold men of the mountain would ride the country down, is their predecessor did Sinbad the Sailor. And the cOuntry's only relief is to follow Sibbad's example, and shake them of it's sshoudors

 Peace without indemnity! Win the country submit to t9at? Will it sacrifice ms much of it's precious blood and throw away so many millions of money, for nothingl Viii it teli other nations that they can always insult and pluuder il with impunity, because they can always rely, for aid, upon one of is parties7 Will it eect as worth less weeds, the ianrels at PAo Alto, Monterey. Buena Vista Ccrro Gordo, Churaellse,. aIrxico 2 Ia supposing ttai, both Mir Webster and Nr Clay have grieyouslv misiaken their conntrymen.

 No more territory! Do they expect t1 confne the indomitab!e Anglo-Saxon by artificial boun- daries2 Do they believe that he will stand stiff under their resolutions Let Mr. Webster go back to Plymouth and Mr. Clay To Daniel Boone. And then let them return through the. progress since uiadc and ask themselves where the race shall stop. No territory! As well might he say to the Ohio. mo more flowing"