The Sun.
London, England, 1846-06-29 00:00:00

THE SUN, LONDON, MONDAY EVENING, JUNE 29, 1846.

Pitiable resource ! They have had their revenge. The
nation will not be slow to measure out to them retri-
butive justice. A severe, yet righteous, sentence will
be passed upon them when they shall be called upon
to render an account of their stewardship to their
several constituencies. It is remarkable that the an-
nouncement of the late decisive division was received
by the House of Commons in dead silence. Like
criminals, who have wrought themselves up to a
pitch of malignity and committed a foul act, the pro-
tectionists were unable to utter a single cheer in
the moment of their mock triumph. In the
language of the bard, "Amen stuck in their
throats." The House at large, by its marked silence,
unequivocally indicated its sense of the ignominious
conduct pursued by the protectionists. The dastardly
attack which they made at the last moment upon the
character of the Minister, in reference to his conduct
towards Mr. CANNING, will not be easily forgotten.
It elicited a triumphant refutation, which, to the
dismay of Lord GEORGE BENTINCK, MT. DISRAELI,
and their chosen band, drew forth the warmest en -
comiums from Lord JOHN Rut:nix, Lord MOR-
PETH, BCC.

Every species of rumour has been rife as to what
will be the new political arrangements. We are not
among those who speculate upon the probability of a
coalition between Sir R. PEBL and Lord J. RUSSELL.
'We have elsewhere stated that, notwithstanding the
fall of the Premier has been accelerated by the
desertion of a large body of his former political
adherents, yet the difficulties by which he felt him-
self to be environed, in respect to an alteration
of the sugar duties, identical in principle with what
he has effected concerning those on corn, has com-
pleted his conviction of the necessity of resignation.
The future Minister must deal promptly and boldly
with the question of free trade in sugar. There
must be no shilly-shallying ; the country will not
brook any delay. If Lord Jonn assume the reins,
he must form his Government upon a broad basis,
with the "sine qua non" that Parliament shall not
be asked to continue the present duties on sugar for
a year, but shall, on the other hand, be invited to
sweep away these obnoxious impediments to the legi-
timate flow of commerce, in the same masterly
manner in which his great political rival has removed
the duties upon corn. Should they take this straight-
forward and intelligible course, and find themselves
foiled in the present House of Commons, they could
fearlessly appeal to the country to secure an adequate
support for effectuating this enlightened policy.

SETTLEMENT OF THE OREGON
QUESTION.
Intelligence has been received, through the Royal
Mail steam-ship Hibernia, that the protracted dis-
pute between Great Britain and the United States,
with regard to the Oregon territory, is at length defi-
nitively settled ; and, although the text of the treaty
yet remains unpublished,- it is certain that the
American Government has conceded in all important
particulars to the requisitions of the mother country.
The manner, however, in which these concessions
have been made is, to designate it by the gentlest
epithets, wonderfully bungling and amazingly un-
graceful. Nothing whatever can gloss over the rough
circumstances of this acquiescence ; no sophistries,
however adroit, can cajole the public into a
belief that such a settlement as the present has
not been wrung from the councils of the Presi-
dency. Everything tends to demonstrate this
fact, yet, notwithstanding these considerations,
we are prepared to congratulate both empires upon
having thus emerged, unscathed, from such a stormy
ordeal to their international friendship. Besides
which, we are prepared cordially to forget the tortuous
policy which has so long retarded, and the half-
screened self-interest which has so sulkily granted,
this final settlement of the quarrel—we are prepared
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. POLK 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. POLK 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 deeision. 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 Oregon treaty had been
duly signed by Messrs. PAKENILLM 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
nise
tihethe
the people on both sides of the
promptitude
toA Atlantic-
.
ae
cn
ot igc..
~eeretgoadiangndo,
of
wethe may almost
war
as call
tiot,
ptehre
precipitation of this settlement., it is as easy .
ceive the unwilling and shirkingconcessions
President Pos.'s. The
Oregon
treaty m of Mr.
remain a testimony of the unavaricious and
lute policy of the British Government. must
reso-
lute
May that-
treaty, moreover, prove an augury of eternal peace
between two, at least, of the great nations of the
on
earth !

Prince WALDEMAR of Prussia passed through Vienna
on the 16th, en route for Berlin.
insignia
British Ambas-
sador invested the Prince with the of the British
Order of the Bath.
Queen ADLLAIDE 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 quidnuncs of Madrid.
The TRAPANI alliance was opposed by the Legislature
and the people, The CODUAG alliance oPPosed by

M. GIJIZOT, 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 BOMA, JUNE, 22.—The Three per Cents.
were done at 341 for cash, and 331 for paper ; the Five
per Cents. at 29+ for paper ; the Debt without Interest
at 6f 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, 1,007 f. 50c. ;
Havre, 722 f. 50c. ; Great Northern, 713 f. 75c. ; Avignon,
872 f. 50c. ; Vierzon, 625 f. ; Bordeaux, 580 f ; Boulogne,
462 f. 50c. ; Paris and Strasburgh, 485 f. ; Tours and Nantes,
505 f. ; Paris and Lyons, 525 f. ; Spanish Actives, 31%.
The following are the quotations in the new lines :-
Lyons and Avignon, definitives, 500 f. ; Bordeaux and
Cette, definitives, 480 E
MARSEILLES, JUNE 23.-Marseilles and Avignon, 877 f.
50c. ; Northern, 735 f. ; Paris and Lyons, 537 f. 50c.
LYONS, JUNK 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

ing to pass a law to make it punishable to refuse going out
when summoned by a civil commissioner.
The post will be detained to six or seven o'clock, or later
if necessary.