The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1845-01-18

Also, an engraving OF the Composors' Room IN
the Herald Buildings. Price 81 cents.
no. The steam ship Cambria, with twenty days
later news from Europe, is now FULLY due at
Boston.
The Oregon Question-Ciose of the Negotia.
tion-Dlmcul with England.
We give in to-days paper continuation OF those
interesting communications sent US from the far
West, describing the Territory Of the Oregon, and
the country in that direction. They now become
extremely interesting to the general reader,
sequence OF the fresh importance which has been
given TO the question of the occupation of that
ritory, by an allusion to it in the Senate within
the las. few days. II seems from some proceedings
there, that the negotiations which have been pro-
crossing in Washington between Mr.. Calhoun, the
Secretary of State, and Mr.. Pakepham, the Brit
ish Minister have been nearly brought to a close;
and according to all surmises, they have been un.
successful in leading to a friendly settlement OF
that important question.
We cannot resist the belief that this is very UNI
fortunate issue in relation to the Oregon question
Notwithstanding all the noise and Glamour that
have been made about Texas-British influence
and British gold in that direction, persuaded
that more difficulty may be expected to grow d.
rectly from the attempts of settlement of the
Oregon question between the United States and
England, than from any particular cause that may
be taken in relation to the annexation of Texas.
This opinion we have frequently expressed, and
the progress Of events only tends to confirm our
conviction of its truth. What particlar character
the negotiations between Mr.. Calhoun and Mr.
Pakenham may have assumed, we cannot tell as
yet. Probably few days will put us in posses
sion of the correspondence, when it will be spread
before our readers, if possible in anticipation Of
all other journals.
In the meantime 1t would be well for all interests
In this country to be cautious in commencing new
commercial enterprises, for we are much afraid
that this Oregon question will be the most difficult
of any to settle with Great Britain The people
OF this country will never submit to any such set
element of this question, characterized the ar
rangement OF the North Eastern Boundary While
every branch of the United States government
claimed the whole of that boundary, as understood
in this country, it may be recollected that it was
settled on principle of "spttIng the difference !"
"a principle that never will be carried into sue
cessful operation with regard to our claims upon
the acknowledged boundary line, separating the
British possessions from the United States on the
Western slope of this continent Ne doubt great
deal of interest will be exhibited relative to the
correspondence of Mr.. Calhoun on this subject,
and there is every expectation that he will come
out Of the controversy with great eclat and success
Important Foreign News Expected.
The next foreign news from England and France,
particularly that of commercial character, and
conveying further intelligence of the state of the
cotton market, will be exceedingly interesting
to variety of interests in this country.
The news lately received has increased
the prospect OF an advance in the price Of
cotton, and should that be confirmed, it may have
good effect upon the present precarious position
Of the commercial relations between the North
and the South.
The extraordinary imports of late years-com-
bined with the fall OF cotton and other causes have
produced very precarious position of things in
ertain commercial interests of the country. The
result Of the over action of last year is vast
foreign commercial debt, and diminished state OF
internal resources to meet that debt. We have
already described the causes of these events, and
given history from the appearance Of their first
symptoms down to their present condition. A
large portion of the commercial community Of
New York, and other principal commercial cities
of the North and West. will be affected by these
fluctuations inIoreign markets The sudden pros
perity of last year which dawned upon them, and
the equally sudden adversely which lowers upon this
year, should warn all commercial men to be eau
tous and prudent, to keep their expenses always
within their means Of payment, and never to launch
out into large projects of money making, without
skilfulIy examining all the various elements which
IN, al
The steamer expected at Boston, and the packe
ship to arrive here, may bring us gratifying intelli
gence of the state of the market, particularly il
regard to cotton, or they may not. This increase
materially the interest of the coming foreign news
PREPARATIONS OF THE Wires FOR THE NEXT -Four
YEARs.-The wing party is evidently preparing fo
one of the greatest and mghtest contests during
the next four years, that has distinguished the par
liamentary annals of this country. They ar,
strengthening their intellectual forces in the Unitee
States Senate beyond all precedent. We see tina
Mr.. Webster has been returned from Massechu
setts-Mr. Clayton from Delaware-Reverdy John
son, probably, from Maryland; and that all tn,
strong men Of the party gradually finding theI
way into the Senate, there to make battle on Mr.
Polk and the democracy during the next four years
creating the most buoyant antcipations among
the whis leaders. No doubt the wings will carr,
on the war with unexampled vigor, and on genera
principles, up till within six months of the contes
in 1S4s, and then they will come out with grea
force for their candidate. Clay is probably out O
the field. But Webster is still there.
AN EXTRA SEssIor.-wc are very much dispose,
to believe, from information derived from Wash
lngton and other quarters that the President cleo
will not call an extra session, although the Texe
question should remain unsettled by the presen
Congress. This prudent course, is probably recon
mended by a recollection of the unfortunate issu,
of the extra session called by Mr. Van Buren,, ant
also that called by General Harrison. Extra ses
sions are, indeed, very doubtful expedients.
MoRRts's COMPLIMENTARY BEvrrTr --Thia come