The Sun.
London, England, 1846-06-30 00:00:00

to forget all this as cordially as we are also prepared '
to forget the various delinquencies and peccadilloes of
the protectionists—so rejoiced are we in the acquisi-
tion of free trade, and in the peaceful division of the
coveted but unproductive Oregon. Before, however,
it is possible to discard the recollections of whatever
has been reprehensible in the American disputants, it
becomes necessary, in justice and candour, to observe
the manner in which their arguments have been
nullified and a judicious compromise in all quarters
effected. The circumstances which have conduced
to the settlement of this obstinate disputation are
simple enough ; and we conceive that the considera-
tions which led to that settlement are obvious enough
in all conscience.
Having emphatically pledged himself for "the
whole to 54 minutes 40 seconds," Mr. PoLs was
placed in' a remarkably invidious and embarrassing
position by the ultimatum dispatched from London
on May 19, and submitted to the decision of the
United States Government by the British Minister
at Washington. As might have been presumed from
the character of the President, he recoiled from the
acceptance of such terms. He had committed him-
self too much, not merely by inuendo or insinuation,
but by solemn announcements and official declara-
tions of principle, to descend individually from an
extortionate to a rational and moderate behaviour.
Nevertheless, something in the way of conciliation or
acquiescence was necessary, as the Mexican warfare
must have thoroughly demonstrated. What course
does Mr. POLE adopt in this embarrassing dilemma ?
Why he transfers the onus of the necessary conver-
sion to another branch of the Legislature, he for-
wards the obnoxious proposition to the Senate, inti-
mating that he leaves its adoption or rejection entirely
in their hands, and by so doing cunningly removes
from himself the responsibility of such a decision. In
consequence of this transference of authority, the pro-
tocol of Mr. PAKENHAM is debated in the Senate during
three succcessive sittings, and is ultimately adopted
by a majority of 38 to 12—a majority altogether un-
expected. By this irrevocable declaration on the part
of the Senate the Legislature of the United States
was ipso facto empowered to conclude the proposed
terms, and by electric telegraph from Philadelphia,
intelligence was received at New York, as recently as
Monday, the 15th inst., that the Oreg on treaty had been
duly signed by Messrs. PAILENHAM and BUCHANAN,
and would be forwarded to the Senate during the
course of that forenoon. From the different organs
of American opinion, it appears that universal satis-
faction is expressed throughout the States at this
sudden, and almost unanimous vote, for the
termination of the question. Nor can we fail
to reciprocate in these gratulatory sentiments when
we consider that the demands of our plenipotentiary,
as he may be termed, are those which dictate the
terms of the treaty, while the very moderation of
those demands are guarantees of the general mode-
ration by which the Government of Great
Britain is regulated. According to those terms,
the boundary is henceforth to be the
49th parallel; we are to retain the navigation of the
Columbia River until the expiration (in 1863) of the
charter granted to the Hudson's Bay Company; and
in addition to this the whole of Vancouver's Island
is given up to the possession of England. A reci-
procal freedom of navigation through the straits
of Fuca is granted to both powers, and
compensation is not only to be made for all British
settlements south of 49 degrees, but for all American
property north of 49 degrees. Such are the leading
features of this memorable treaty, and bearing all
correlative matters in recollection, this treaty must
and ought to afford unmitigated gratification to
the people on both sides of the Atlantic.
In the promptitude and, we may almost call it, the
precipitation of this settlement, it is as easy to recog-
nise the secret goading of the Mexican war as to per-
ceive the unwilling and shirking concessions of Mr.
President PoLic. The Oregon treaty must ever
remain a testimony of the unavaricious and yet reso-
lute policy of the British Government. May that
treaty, moreover, prove an augury of eternal peace
between two, at least, of the great nations of the
, earth I

Prince WALDEMAR of Prussia passed through Vienna
on the 16th, en route for Berlin. The British Ambas-
sador invested the Prince with the insignia of the British
Order of the Bath.

Queen ADELAIDE arrived at Frankfort on the 23d of
June.

Madrid papers to the 22d have been received. The
ratifications of the treaty between Spain and the re-
public of Venezuela were exchanged on that day. The
question of the QUEEN'S marriage was the engrossing
topic of conversation among the quidnunca of Madrid.
The TRAPANI alliance was opposed by the Legislature
and the people. The COBURG alliance is opposed by
M. GUIZOT, who declares that none but a BOURBON
shall sit upon the throne of Spain. It was
considered that Don ENRIQUE, the son of Don FRAN-
CISCO DI PAULA, would ultimately be the successful
candidate.

MADRID BOLOA, JUNE, 22.—The Three per Cents.
were done at 341 for cash, and 331 for paper ; the Five
per Cents. at xi for paper ; the Debt without Interest
at 6i for cash ; the shares of the Bank of San Fernando
at 280, and those of Isabel at 90.

We have received the Paris papers of Friday and
Saturday.
The Chamber of Peers is rapidly disposing of the
Bills sent up by the Deputies. They passed the Budget
of Expenditure on Friday. In the course of the discus.
sion on the budget, the Minister of Marine stated, in
answer to the Marquis DE BOISSY, that the con-
sideration of the PRITCHARD indemnity had been
adjourned by the arbitrators for the production of cer-
tain documents. The Minister further stated, that it
was the intention', of the Government to make Ota-
heite a strong maritime position, and to concentrate
their stores there in place of scattering them over various
points.

_
The Moniteur contains an ordonnance carrying into
effect the modifications in the tariff agreed to by the
Chambers.

All these papers contain long articles on the Minis-
terial crisis in England.
The Three per Cents. closed on the Paris Bourse on Satur-
day at 82f. 85c. ; the Five per Cents., 120 f. 40c. ; the
Orleans Railroad Shares, 1,247 f. 50c. ; Rouen, 1,0071. 50c. ;
Havre, 7221. 50c. ; Great Northern, 713 f. 75c. ; Avignon,
8721. 50c.; Vierzon, 625 f. ; Bordeaux, 5801. ; Boulogne,
4621. 50c. ; Paris and Strasburgh, 485 f. ; Tours and Nantes,
505 f. ; Paris and Lyons, 5251. ; Spanish Actives, 311/2.
The following are the quotations in the new lines :-
Lyons and Avignon, definitives, 500 f. ; Bordeaux and
Cette, definitives, 4801.
MARSEILLES, JUNE 0.-Marseilles and Avignon, 877 f.
50c. ; Northern, 735 f. ; Paris and Lyons, 537 f. 50c.
LYONS, JUNE 25.-Marseilles and Avignon, 872 f. 50c. ;
Paris and Orleans, 1,243 f. 75c. ; Great Northern, 723 f. 75c.
BUSINESS DONE IN FOREIGN RAILWAYS AT THE

LONDON STOCK EXCITA.NGE, JUNE 27.

Boulogne and Amiens, 12% —Bord eaux, Toulouse, and Cette
(Espeleta), 1% —Calcutta and Diamond Harbour, 1,4 dia.—Dutch
Rhenish, 74—East Indian, % —Luxembourg. 1% —Northern of
France Constituted, 13%—Orleans and Bordeaux, 9 li, —Paris and
Lyons Constituted, 6—Paris and Strasbourg Constituted, 4 % —Tours
and Nantes Constituted, 4%

APPEARANCE OF THE NEIGHBOURHOOD OF THE
Ho usEs OF PARLIAMENT.—RECEPTION OF THE DUKE
I.47,l,E,LLvtli;GbreOrN AND SIR ROBERT PEEL.—This even-
ing, five o'clock, Parliament-street was
crowded by
Robert
tree-trade Ministers. From
their sympathyl„i-
trbessed persons, anxious to express
ouiZeeolf, in Whitehall-gardens,
.I.).,,,rliament, the streets
the residence of
of horses
merely a clear
to the entrance to the
on each side were crowded,
horses and car-
gangway for the passage
via es. The Duke of Wellington rode d
Parliament-street shortly before five o'clock. His Grace
was greeted with enthusiastic cheering along the whole
line, which he acknowledged by his usual military
salute. At 20 minutes past five the Duke returned from
the House of Lords on horseback, to the surprise of the
public. The fact was he said only a few words in the
House, announcing the resignation of Ministers, and then
left.
The public were anxiously waiting for Sir Robert
Peel, who did not make his appearance till
half-past five o'clock. The Right Honourable Baronet
came down in his state carriage, and the moment he was
recognised the most enthusiastic plaudits burst forth all
along the line until he reached the doorway of the House
of Commons. At that moment the crowd pressed forward
with raptures of applause, and his feelings were deeply
affected. The sight altogether was very interesting, and
the feeling intense.

RECEPTION OF SIR ROBERT PEEL ON LEAVING THE
TIOUSE.—Sir Robert Peel lett the House at half-past
seven o'clock, and proceeded on foot, between the
Chancellor of the Exchequer and Sir George
Clerk, to his residence in Privy Gardens. On leav-
ing the Members' entrance he was received with
loudest demonstrations of applause, and was accompanied
to the doors of his residence by upwards of 2,000 per-
sons, who cheered him repeatedly. The Right lion. Ba-
ronet repeatedly acknowledged the plaudits, and ap-
peared much affected. The crowds about the two
Houses of Parliament did not separate until the House
had adjourned.