The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1846-06-14

either to-day tomorrow. She is now in her
fifteenth day, and, therefore, fully due. We shall
issue an EXTRA HERALD in thirty minutes after
our parcels reach this office.
Preliminary Settlement of the Oregon Ques-
tion-Its Effect upon Commerce.
For several days past the public mind has been
very much excited by the reports in circulation in
relation TO the settlement Of the Oregon question.
Notwithstanding the semi-official source from
which these reports emanated, there much
doubt about settlement so immediate antici-
pated; and the uncertainty existing served to keep
things rather depressed than otherwise. At an
early hour yesterday morning, received a tele-
graphic despatch from Washington, announcing
The fact that the Senate had agreed the proposals
presented by the President by very large MAORI
", authorizing the Executive to form treaty on
the basis proposed. The vote was more than the re-
CURED two-thirds; and we have no doubt but that
many of the absentees will be present when the
treaty sent in for ratification; and there will be
without doubt larger vote in its favor than that
taken on the preliminary movement. The effect
Of this announcement in Wall-street electri-
cal. TIL. excitement had become intense by the
surprise and when it became known that all
doubt had been removed, the countenances of all
with smiles, and the best feeling prevailed among
all classes The flags of our ships were given to
The breeze, and Judging from the exultation exhi-
bited, it appeared though there was public
rejoicing for some brilliant victory
The amicable and satisfactory arrangement of
this important question is victory; it victory
of the great commercial interest OF this country
and Great Britain over those ola few political dem
H. 81, i'll III.
would plunge the two nations into a long and dis
astrous war; and is another evidence of the pow
er and influence of those interests, which are en-
poyed in cementing the nations Of the world, un-
der the most liberal commercial treaties.
Ocean Steam Observation-Disclosures Mail
Lines.
The public have been made acquainted with
the report, that the Postmaster General has lately
entered into contract for the construction of a
line of mail steamers, to ply to Europe from New
York. The necessary appropriations to carry this,
and other contracts Of the same nature into effect
have not been made by Congress, in consequence
Of the breaking out of the war with Mexico and
the unsettled condition of our relations with Eng.
land. The Postmaster General has done his ut
most, and used every exertion, TO have the APP
preparations made; and we believe that he would
have succeeded during the past week, were it not
for the new and gratifying shape that the Oregon
question has assumed, which has engrossed the
attention of the country and the Senate until the
present time.
Now that the Oregon question is in fair way
of being put to rest forever, and the prospect for
continuance of peace is good, the commercial
relations between the two countries will in
crease at rate unprecedented al any former
Tune. The interests of both countries are so i'm
portant, that every effort should be made to
extend their influence much as possible. In
no better mode can this be done, on the part Of
the United States than by establishing a system
OF ocean steam navigation, on a scale commensu
rate with the mercantile character of the coun
try. We certainly can do this with the prospec
of gaining advantages; but the question arises
whether, if the United States enter into fielc
which has already been partially monopolized b,
Great Britain, there will not be degree o
competition, and conflict of interests, which
will hazard the enterprise of both. In orde
10 avoid any unpleasant consequence like this
the two governments, now that no question
of difference remains between them, should
come TO an arrangement, by which each woulc
receive IT'S proper proportion of the profits arising
that the United States government is illng to &C
half way at least in making an arrangement o.
this nature; and if PROPOSE ton TO this eiiec
were submitted, it would meet with respectful
attention. When our American steam vessels
get af1oat, they and the British vessels will be tn,
carriers of the mails of the world. The import
ance of having correct and equitable under
standing, or agreement, by which each would b,
governed, and by which the interests of botl
would be the same, is evident. No possible injurl
could result TO either, and the benefits could b,
shared by each. BY such an arrangement, de
tails might be included, such as uniform postage
&c Sc, that would tend to facilitate the opera
lions of each.
ocean steam navigation is yet in its infancy
We have but tasted of the blessings that it will
confer on the human family. When the two
greatest countries in the world, England and the
United States enter the field, in any enterprise
the whole world has an earnest that what can bt
done viii be done. The arrangement sugge steo
should be OF this nature. Let the British govern
ment manage II 30 that one of its steamers shall
depart from Boston every alternate week: and the
American government manage it so that one of il.
vessels shall depart from the port of New York
every alternate week. We would then have q
weekly communication with Europe. Arrange.
menu might be agreed upon, which would enable
both lines to work in perfect harmony
CRY LYsros.-In another column will be founc
some very pleasing and graceful verses from the
prolific pen Of Caleb Lyon, Esq, ofLyonsdale
agentleman Of very extensive literary acquire
ments, refined taste, and poetic fancy. His poem
are always conceived in good taste, and his verse
flow smoothly and rippingly from the pen. Hi
ideas are generally sparkling, brilliant and philo