The Sun.
London, England, 1845-11-19 00:00:00

ADMINISTRATION.

From the intimations given forth in the organ of the President
it Washington, and also in the newspapers throughout the great
zities, there seems to be little doubt now that the President is de-
-ermined to stand by the position he assumed on the Ore;on ques-
•ien in his inaugural address, and that he will consider the title
if the United States to the whole territory as unequivocal and un.
_ .

questionable. This impression of the intention of the Presiden
as to his future course of action, is strengthened from thesfumour
that he has rejected a proposition that was made to him, and made
a second time, by the present British Minister at Washington. It
will be recollected chat Mr. Calhoun, during the time which he
rccupied as Secretary of State, rejected all overtures relative to an
arbitration, or a mediation of the question covering the rights
of the United States to the Oregon territory. The corre-
2ondence which passed between Mr. Calhoun and Mr. Pakenham,
it that time, is now in the possession of the Government at Wash.
•ugton, and will, most probably, be communicated to the next
Congress, as part of the documents accompanying the President's
Message. We have received positive information of the character
•4f that correspondence, and that it takes the highest and most in-
tependent ground on the Oregon question—a ground which now
,ippears to have been adopted, in every feature, by Mr. Polk, while
the same rumours indicate that Mr. Buchanan, the present Se-
•retary of State, was in favour of a more conciliatory and less
.ndependent course. This Oregon question, shaped and
tormed as it is now believed to be by the present Ad.
•ninistration, will probably form one of the smut important sub-
jects of discussion at the next session of Congress, and will
create a great deal of controversy both in this country and in
Europe. If the President assume the highest and most inde.
isendent ground, declaring the rights of the United States over the
whole territory to be unquestionable, we have not a doubt that the
western and southern, and a large portion of the other
States, will pass resolutions terminating the joint occupation
by giving a year's notice, and proceed to organise that into a
regular territory. A position of this character would unques-
tionably produce a great deal of excitement in the British
Government and amongst the British people, but we do
not apprehend that any serious difficulty could grow out
of it affecting the present relations of the two countries. England,
ever since the States repudiated, has been voiding her spleen in a
variety of ways through her newspapers and her journals, and fre-
quently in the Houses of Parliament. But we possess a power
over the Government and people of that country, which is a sort of
bond and mortgage on their peaceable behaviour—we mean the
cotton market—the monopoly of the cotton market—which is now
made still more certain than ever by the annexation and possession
of Texas. The passage of a law, organising the whole of the terri-
tory of the Oregon into an appinage of the United States,
might create a great effervescence in England and appear to stimu-
late them to hostile measures; but such a result will never take
place in the present commercial relations of the two countries.
Yet there will be a flare-up and a great deal of noise, and vast
goods of invective, and fulmination of all manner of anathema of
the British press, with a double dose of the same materials and the
same charges which have characterised the attacks upon us during
the last five years. But we need not care for all that while we
are going on prospering and to prosper. In the meantime, we may
prepare for a great excitement in Congress and throughout the
country, growing out of the position of the President on this im-
portant question.
The disagreement in the Cabinet on the subject of the
tariff and other important matters was still current. On
this subject we find the following in one of the papers be-
fore us:—

Ton EIPItcTED CABINET EXPLosioN.—There seems to be a
general expectation in the public mind, judging from the newspaper
press, that the present Cabinet of Mr. Polk cannot long remain
without an explosion and recomposition of some kind. It is very
true that the organ of the President at Washington affects to be
very positive and very certain that ne President and Cabinet ever
lived together in such harmony as the present. But the very
♦iolnet denunciations which proceed from the organ relative to the
rumours of disunion and explosion rather tend to produce a convic-
tion contrary to that 'anticipated and desired. Every rational
mind is, indeed, persuaded that there exists some irreconcile-
able differences of opinion between the President and the members
of his Cabinet. It is now generally believed that there is a differ-
ence between the President and a portion of his Cabinet, not only
on the tariff, but also en the Oregon question, and that those who
differ from lsimare Mr. Buchannan, Mr. Marcy, and Mr. Bancroft,
the others siding with him. It is very evident, from the move-
ments ot a certain portion of the democratic party in Pennsylvania,
in relation to the tariff, that Mr. Thichannan's friends, if they are
gnided by his opinions, are very hostile to the present position of
the Administration. Notwithstanding all that the Washington
Union may say to the contrary, we are prepared to see a recon-
struction of the Cabinet before six months have elapsed. Will the
organ positively declare that such a thing will not take place ?
CorroS Team—There has been very little change in this
market since the departure of the steamer on the 16th inst.
Prices have declined a fraction in consequence of the unfavourable
accounts from Europe by the last arrivals, but the stock in market
is so very limited that the transactions have been without much
change, having for the past month been only to a very moderate
extent.
Assize. —A few sales of pots were made at 3 dolls. 874 ; pearls,
4 dolls. 12i.
Corrow.—The market was very quiet to day, and the sales re.
ported do not amount to 300 bales. Prices exhibit no change.