The Sun.
London, England, 1845-11-21 00:00:00

things. This is practically the common use and etti9y-
meat of Oregon stipulated by the treaty—this, viz., the
entire Monopoly of tlit great fur trade there by one f the
parties, added to the exclusive goi-antw!nt by, the same
party of the whole of the soil of that cast territory/ save
only the farms which some four thousand Americans are
tilling with their own hands. As early as 1828 the Hudson
Bay Company had found their trade under these circum-
stances quite thriving. The proceeds of their trade for that
year were, in round niimbefs 9001000 dollars. Their shares
then stood 140 per cent. above par.
Our readers will remember that when the Bill to entend a
territorial Governmont over Oregon was before Congress last
session, its opponents protected against it, because, as they
alleged,' it violated the stipulation of 1818. How comes it, then,
that the other party to that stipulation—admitting itself to
be as Great Britain has, time after time, admitted, and now
admits herself to be, the party out of possession, pending the
negotiations—how comes it, then, that this other disseized
party, at this moment, has e/xtended its laws in full force over
the whole unoccupied territory? The mechanism by which
this trick of political legerdemain has been played off, is
at once very ingenious and thoroughly English. The British
Cabinet has practised the manoeuvre in Asia, till now it has
become wonderfully adroit. It is simply the Great East
Indian juggle tried over again in the West. The
apparatus, machinery, and fixtures, are just alike in the
two cases. A great trading corporation, wielding millions
of capital—with power to pass laws ; to maintain a
civil establishment ; to maintain a military establish-
ment ; to collect revenue ; to hoist a flag of its own
—not the Queen's flag ; to build forts; to keep six or
eight armed vessels on the coast; to possess territory—
' all in the way of trade, of course, and to do all this under
the eye of the British Parliament, acting for itself when
Parliament chooses to disavow the responsibility of its
acts ; acting for Parliament just when Parliament
chooses to • accept that responsibility—in one word, a
great Empire Corporation in fact, with power to
change itself, at the waving of the Minister's wand
(" Presto," as the jugglers have it) into a most de-
mure, simple, harmless partnership of painstaking indi-
viduals trying to turn an honest penny in the way of the
fur trade. This is the mechanism by which the miracle
is easily wrought. In the time of the " merrie monarch"
—easy King Charles—English policy amused itself with
building two of these magnificent playthings—one for the
east, which it called the East India Company ; ono for the
west, which it called the Company of Hudson's Bay. How
the ose has worked in the east, the world knows pretty well.
The other, in the west, has not long since been put in fine
order, by uniting itself ;with its rival, the North-West Com-
pany. Does this country—does Congress—wish to know
how it will work in the west, in Oregon, if we only sit quietly
by it as spectators, and let it alone ? The problem is easily
solved. We have only to turn to the lives of Robert Clive
and of Warren Hastings, and read the pages which tell of
their doings in Madras and Bombay
The following is the latest from Texas :—This new State
is quiet ; our troops there hare become completely Texan-
ised ; the vote on the annexation question and to adopt the
new constitution, polled on the 13th ult., was almost una-
nimous; the preparations for the election of State officers in
December are active; the American feeling is powerful in
all parts of the State, and the anti-annexationists are in bad
odour Emigration was large, and increasing both from the
United States and Europe; the culture of cotton and sugar
were becoming the wealth of the land. Texas, in a ward,
has already become a large and growing state.

The Great Western signalled the following vessels during
the course of her passage:—
Nov. 6.—At 4.50, P.M., exchanged colours with a Bremen
barque, with 145 on white flag, entering New York harbour.
Nov. 7.—At 4.50, P.M., in lat. 40.30, north long. 69.50
west, exchanged colours with the American ship Susquehanna,
bound to the westward ; all well on board.
Nov. 14.—At 4.30, ♦.51., in lat. 48.18, north long. 41.20
west, passed and exchanges cheers with the royal mail
steam-ship Acadia, bound to the westward.
Nov. 20.—At 9, A.M., off the Tuskar, exchanged colours
with the British ship Lucy Wright, standing to the S.W.
Nov. 20.—At 10.20, A.M., passed and exchanged colours
with the royal mail steamer Cambria, outward bound.

LATEST COMMERCIAL.-NEW YORK, NOT. 5.

The cotton market is dull.

State stocks have a rather downward tendency.
The all-important movement is in the corn market, of
which the following is a summary of occurrences:—
Since our last the flour market has been quite inactive, and
transactions limited—holders asking the recent advanced
rates, and buyers not disposed to purchase, except at a re-
duction. Yesterday, sellers not so firm in their demands,
but offered good brands of Genesee at 6 dollars 121 cents.
Some lots taken at that, but buyers demand a further re-
duction, and under our present large receipts are likely to
obtain it. Wheat, according to quality, at 125 dol. 30 c.
The advices of the Great Western caused an advance in
prices in:Boston. The latter accounts by the Caledonia pro-
duced another improvement. The reports of that market on
the sth inst. says :—We notice sales at the close of 1,000
barrels Genesee at 6 dollars 25 cents., and holders quite firm.
Prices of Southern are unsettled. Salesof George-town pre-
vious to the steamer's arrival at 5 dollars 75 cants. to 5 dol-
lars 87 cents, and since at 6 dollars; 1,000 barrels ditto, Hope
Mills, taken for export, 7 dollars.
The news from abroad affected the Albany, in common
with all other markets. To the sth inst. flour had advanced
fully 50 cents per barrel. Sales were made " Chamberlain"
at 5 dollars 871 cents, " Safford" at 6 dollars, and some
mixed brands of Ohio and Michigan at 5 dollars 871 cents.
The range was 5 dollars 81} cents to 6 dollars. Barley was a
little better.
The Buffalo market on the 4th inst. was firm. Holders of
good brands of flour were unwilling to sell under 4 dollars 44
cents , and buyers generally were not disposed to offer over 4
dollars 37/ cents. Sales of Michigan at 4 dollars 44 cents.,
and Ohio at 4 dollars 371 cents. In wheat there was no dis-
position to operate at present prices, although both the upper
and lower elevators were nearly filled.
Our intelligence from Ohio is favourable for the next crop
of wheat. It no untoward event prevents, it will be as great
as in any former year.
The increase in the shipments of flour from the interior to
the Atlantic, sea board, has lately been very great. There
were shipped from Rochester from the opening of navigation
to Nov. 1, the following quantities :
Bls. Flour. Bush. Wheat.
1345 416,238
1844 324,577 ..... 720,421

Increase ...... ... 91,661

196,625

The greater part of the increase has been since the intelli
geece of short crops in England was received. That intcili
gence gave an impulse to the trade in the interior almost un
paralleled.