The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1846-04-07
LATEST NTELLIGRNCE BY THE MAILS.
WAsHrsoros Anr;IK ,axa

.,
We are anxiously waiting for the next news from
England, hoping it may bring something definite a.
to the course which the governmental Great Britain
intends to pursue upon the Oregon question. Many
persons here believe that something in the form of
proposition tor the adjustment Of the question,
may come out with the expected steamer but Of this
lhave my doubts from what was the first to INFORM
you OF a fortnight since, that the British government
will make no more offers Of compromise to u, but
let as go on with our measures, until we come
in contact with her rights in that territory Should.
however, the basis of treaty at forty nine be pro-
posed by England to us-a thing that look upon a.
beyo nd the hope of reatv assure you that neither
with a provision OF that sort. This the country
may rely upon for a fact. | will not say, however,
that should constitutional majority OF the S,nate
wo.thirds-adviset the President to make treaty
No, that is quite different matter; but indie
pendenty of the positive advice of that body,
know that neither he nor Mr. Buchanan
will ever agree to such compromise OF
things here now, and it is we'll for the country to
know 1t In time lest they should suppose that Mr..
Polk Is unwilling to settle the question at 49, either
with or without the advice of the Senate. If the
Senate advise him to do it, before the treaty be
made, It will be signed by him if not, then no
treaty short OF 81 40 for its limits can receive his
sanction.
Whatever may be the result Of this contest be-
tween the executive and his constitutional advisers
for sharing the responsibility OF giving to England
the notice, Mr.. Polk has played very cunning and
cautious game. The Senate IL evidently corner
ed" on this question: and like one in trouble, who
has recourse to strong stimulants with which 10
drown care they stimulate each other day after day
with not only strong, but also rather long speeches.
to drown time, with the hope that England may do
something to relieve them from the dilemma IN
which the President has placed them, between the
responsibility OF advising him to give the notice. and
the avalanche OF popular and party feeling which
must inevitably tall upon their unfortunate shout
ders should they finch from doing duty to their
country, called for by every principle Of national
honor and patriotism.
It will be seen also, from the reports Of estimates
made to the naval committees OF both houses, that
Mr.. Polk has not been so backward in recommend
ing preparations for national defences, az we were
willing charge upon him previous their appear
ance last week. These developments have altered
public opinion greatly in his favor in that respect,
80 that now, instead Of condemning HIM for not
recommending such measures as they had suppos-
ed he neglected to do, he is charged now with hsv-
ing done too much In recommending an outlay Of
permit to pass this strange and most inconsis-
tent feature IN the politicians creed by unnoticed-
Mr. Folks great fault has been that his reserve, to
even his own friends, has been too rigid He should,
with them cordially and freely, if even he should
not follow their advice afterwards. This would
Rave shown them, at least, that he respected
their opinion matter that enters largely nts every
mans composition, for nothing is stronger with an
persons than the pride of opinion. believe the
President means to do right and will eventually
carry out strictly the views OF his party. liz order
to effect this, he must gather them around aim-
must respect their feelings and their prejudlcea-I
mean their local and sectional prejudices and avoid
interfering in any way whatever with them. Be
ing the President OF great party, he ought to avoid
reducing himself to the mere President of clqsss,
and 60 in every way that he can for consolidating
and uniting them into single phalsnx, for securing
the triumph of the principles that brought hum into
power.
/" Old Sarah," In the Senate, is preparing himself
for another assault on Grecnhow's hisoryof Oregon.
This is in consequence OF the review, by Greenhow
Of his remarks last week Of that work We shall
have some fun yet between the 81 40 and the %
men. see by the report Of the Secretary of the
Treasury, that there Is near eleven millions Of sur
plus revenue on hand, bringing nothing into tho
treasury but labor for the. clerks, in keeping
constant account of its transfers from one bank
to another every week, and which they are using
tor their private purposes. If the state Of our
INTERPRETATIONS do not demand its immediate outlay
would it be better for the country that il be used
in liquidating part Of the government debt of
$50, 0O0, 600 that it owes, by buying in much Of
the State stocks. as that sum would purchaee1 We
are paying interest annually on this debt, while bro
kers and bankers are using the surplus revenue for
private and individual gain. Congress should take
this subject into consideration, and follow General
Jackson's example, by paying of the national debt
far the surplus in the treasury at present will
permit Daniel Webster makes his great speech
on the Ashburton treaty tomorrow. ARIEL.