The Sun.
London, England, 1846-08-13 00:00:00

ARTICLE 5.

The present treaty shall be ratified by the President of the
United States, by and with the advice and consent of the
Senate thereof, and by her Britannic Majesty; and the rati-
fications shall be exchanged at London at the expiration of
six months from the date hereof, or sooner if possible.
In witness whereof, the respective Plenipotentiaries have
signed the same, and have affixed thereto the seals of their
WI&
Done at Washington the 15th day of June, in the year of
our Lord 1846.

JAMES BUCHANAN.
RICHARD PAKENHAM.

Attentive readers will not fail to remark what may be
called the very unusual form at least in which Mr. Polk de-
sired to give the notice ; an autograph from sovereign to so-
vereign ! J. K. Polk, President of the Yankee Doodles, to
Victoria, Queen of the Bull family!
Well might Mr. M'Lane express doubt whether such a
form of communication would be "deemed admissible ;" and
we are still left in doubt whether the autograph of President
Polk was presented "to her Majesty in person," instead of
passing, as all preceding matters connected with the nego-
tiation have, through the state departments of the two
countries.
The invariable usage of our country has been, we believe,
to deal with foreign countries through our Secretary of State
and the correspouding officer of such countries, and not, as is
sometimes done in Europe, directly from monarch to monarch.
But the severe democracy of Mr. Polk seems to have pleased
itself with the notion of addressing himself directly to his
well-beloved cousin Queen Victoria, and, to obtain this gra-
tification, to have snatched a grace beyond the reach of our
diplomatic precedents. This is no great matter, to be sure,
but it looks silly.

COMMERCIAL INTELLIGENCE.
(From the New York Express,)
This is the packet day for the Boston steamer, which leaves
to-morrow about the same hour as the Great Britain from
this port. Merchants, in order to be sure, will probably write
by both steamers, more particularly as the passage of the
Tariff Bill, in Congress, furnishes commercial news of interest
to all parts of Europe.
Since the sailing of the last steamer there have been many
important matters that have claimed a good deal of public
attention. The news of the repeal of the corn-laws is an im•
portant event, and will have a sensible effect on the trade of
the city. The exports of wheat, rye, corn, and flour, as well
as some other articles, have been uncommonly large for this
season of the year. Nor has the disposition to ship abated,
but, on the contrary, within a few days the purchases of flour
have increased.
The action of Congress, just now, is of unusual interest.
The tariff question has been discussed and finally settled. In
the Senate the parties were so equally balanced that the
question was settled by the casting vote of the Vice-Presi-
dent. The result will create a sensation throughout the
country, and will be one that will materially effect the coming
eleVhe i
onswar with Mexico still continues, with no prospect
whatever of a speedy termination. It is a fruitful source of
expenditure—so much so that Government have been au-
thorised to issue 10,000,000 of Treasury notes, and this is
considered but the beginning of the amount that will be
required.
The appropriations of Congress, it is believed, before the
session closes, will reach 70,000,000 of dollars, a sum that
will exhaust all the revenue in the treasury, and require a
very large amount of loans.
Money is sufficiently plentiful for all practical purposes.
The banks discount freely four and aiz months paper, at