The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1846-01-03
The Oregon Crisis.

I
crisis upon the Oregon question-and that this con
troversy, between the United States and England
must be settled, in one way or the other during the
present session Of Congress. BY the irresistible
course OF events, this subect-whch has been Sc.
crety aeltaed among the cabinets tor the last thirty
years-is now taken from its secret chambers, and
precpiated upon the world by the action OF Con
gress-and, If not settled on iorty-nine before the
termination Of the present session. will become one
OF the popular elements OF our next elections, and
Iun down 10 ffty-tour forty
Various resolutions and propositions have been
brought forward before both houses of Congress.
Those, however, which excite the most attention,
are, the one comprising the propositions OF Mr..
flanagan, claiming the whole or none of this terri
tory the other, that of Mr. Calhoun, proposing a
compromise the forty-nnth degree of North lati-
tude These abstract propositions will come up
before III Senate in about couple OF weeks-and
IT the subject should be brought up in the
House OF Representatives before that time, the de-
bate in the Senate will possess great importance
and initiate magnitude in the settlement of the
question.
Upon this great topic the different views present
ed TO Congress embody three distinct classes lst
The resolutions emanating from Mr.. Hannegan
ture negotiations, and declare the right OF the
United States the whole Of the Territory down 10
81 deg. 40 min. at once.
&. End. That of Mr.. Calhoun, which proposes an at
tempt at compromise on the 49th degree by another
negotiation, before preparing any measures organi-
eng territorial government IN Oregon at all
3rd. That OF Mr.. Polk, in his message, which EN-
braces in It's comprehensveness both of the other
W call tard iafns frop
the organization of territory and the protection Of
settlers within the limits Of the treaty in force be-
tween the two countries and not repugnant to the
law of nations. Thus the President leaves the
way open Tor compromise between the two gov
ernmenis, or for any other contingency which
events may hereafter bring about.
We are more inclined to the opinion that the prac
teal measures proposed by Mr.. Polk are much the
best course that Congress could pursue; and we
think that 1t should be especially careful not to pass
any law infringing treaties in force between the two
countries, or at all violating the public faith The
United States have, undoubtedly, as good right to
organize territorial government upon the terms OF
the treaty as the British have, who have been
acting under law OF such kind ever since the year
ISL. In another point OF view the approaching de-
bate IN the Senate will be interesting, not only to
this country but 10 Europe it is evident, by the
present position OF parties in Congress, that unless
the British government accepts the 49th parallel it
will never again have so good a chance after the
present session; and we particularly call the atten-
tion OF MIR. Pakenham, the British Minister, and Of
all the iunctionaries OF England here and elsewhere
10 this view of the question II the British govern
men suffers the present opportunity TO pass without
settling upon the 49h degree, and if this question
he thrown into the elections OF this republic,
(ihus causing the dispute 10 vibrate between 40 and
and 81 49, the popular masses IN this country, OF ali
parties, will 90 Tor the extreme boundary and no
public man would thenceforih dare TO stand up for
49th degree beyond the present session of Con-
eress.
Mr.. Calhoun has taken bold and daring step, in
coming forward 10 close the gap with the 49h de-
gree in his hand and if the golden opportunity is
not laid hold of by the British government, il will
never again have the offer made after the pre-
sent session of Congress.
IMPORTANT BANK MOVEMENT. have under.
stood that there have been lately several important
consultations between certain leading bankers the
representatives Of the banking interest throughout
the country, and several great politicians belonging
10 both parties, probably delegates from Washing
ton, The purpose of these Debates on the part OF
the high contracting parties, is provide ways and
means for the defeat of the administration in its
new sub-treasury plan, for separating the banks
from the government Ii is supposed that the bank
ing interest of the United States would gladly
appropriate IA million OF dollars for the purpose of
defeating the sub-treasury system proposed by Mr..
Polk.
The influence of this secret combination of men
and money, is intended to operate on both wings
and democrats, In the two houses of Congress- and
VIII, perhaps, be on a similar scale, and move
ment similar to the one projected and carried GU,
by the United States Bank, during the Presidency
OF General Jackson. The purpose of the bank
representatives is TO unite their influence with tina,
at the manufacturers and stockholders and TO mix
with these ingredients such a quantity OF warlke
preparatons1a as to procure vote for increasing the
debt OF the country and thereby prevent any action
On the tariff, or the establishment Of a sub-treas,ry
As part of this grand political movement il IL also
believed that the banks here and throughout the
country, will gradually into terrible curtai.
ment OF the currency, discounts and facilities for
the purpose OF producing pressure in the money
Inarke; and In the business crces-and thus in.
duce them to act with their influence or Congress
The recent manifesto put forth by the Courier
and Enquirer. recommending the cooperation o
the active wings IN Congress with the war demo
Gratis, 10 increase the debt S2 900 OO0 and the an
nua revenue TO SOC, 0O0 is supposed to be the re-
suit OF some general understanding between the
banks and politicians, for the ends in view The
banks throughout the country afford million or
t,co millions OF dollars, TO lobby mbers to attend
Congress, and give soid reasons 10 certain men in
both houses, 10 act on the subject The banks have
cieaied mat sum, and more, on the surplus revenue
NRw YEARS DAY.-The festivities of Thurs.
day passed of happily and handsomely The
calls, the weather, the display, the cake, the
reception OF visitors, the tout ensemble, were
splendid. The time honored custom of the
day was celebrated in Its usual style There was
some drunkenness to be seen in the streets, but no
noise. no disturbance, no trouble. The Police re.