The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1846-01-06
NEW YORK HERALD.
The Oregon Crisis Approaching.

SristS Approaching.
According to all the developments now making
IN Congress, we are more and more led TO the be-
let that the INCEST measures embodied in the
Presidents sage in relation to the occupation OF
the Oregon Territory, will be passed by powerful
maIorties in both houses, and the crisis upon this
great controversy between the United States and
Great Britain, will be brought about at no remote
day, whether il be war or peace.
This question, in the present progress it is now
making IN this country and in Congress, appears TO
possess power beyond all others. Party lines are
smashed and broken pieces by it, at its first APP
proach. The line of separation until now existing
between the wings and democrats is obliterated by
the first dash of the Oregon question: and a COM
pete revolution of parties seems 10 have begun.
The result may be perfect unanimity in Congress
and IN the country, upon all the measures recon-
ruended by Mr.. Polk, namely, the giving years
notice &c Great Britain, and the immediate re-occu-
patton OF the territory under the treaty at all ha
yards
The effect OF the debate in the Senate on Gen.
Casss resolutions, struck every one with astonish-
Inent. pause, indeed, was made 10 the agitation,
by the introduction of the resolutions proposed by
Mr.. Calhoun, but the tide of enthusiasm has been
rushing strongly EDWARDS in the House, and the
movement made by John Quincy Adams on
broader scale, and It's impression upon the Masses
has satisfied almost every one, that, upon the
Oregon measures proposed by Mr.. Polk, no post
ponement, no delay, can take place, but that imme
dlate action must be had by Congress in all its
length and breadth, in the face OF all the menaces
and all the insults offered approaching by Great
Britain.
The CONSERVATION which has now been produced
among the friends ofpeace in the commercial circes
during the last two days, is only equalled by the de-
light and satisfaction which, it appears spreading
over the masses, both Of wings and democrats, in
portion OF this city, at the position of J. O. Adams
and OF those who follow in his wake. Accounts,
coming every day from Washington, OF private and
confidential character, affirm, in the broadcast
ner, that some Of the leading wings will support the
Oregon measures of Mr. Polk and oppose the PROPOSE
tons OF Mr.. Calhoun. The accounts OF this movement
have consequently reused up the organs of the stock
lobbers in Wall street, and have produced an extra
ordinary excitement among all those who are in any
way connected with English commerce. From
these causes, the Courier and Enquirer has COM
menced bitter and violent denuncaton of all
those wings who in either House have dared to
think of voting for years notice, and for the or
ganization of territorial government in Oregon.
1t is not to be supposed however, that such denun-
Citations, which issue from the stock exchange, viii
have the least effect on Congress or the popular
enthusiasm which is now set in motion.
What then will probably be the issue of the present
Oregon movement?
We are of the opinion that it will result in our
giving the years notice England, which measure
will pass both Houses. Then law will be enacted
organizing a territorial government in that coun-
ty perhaps granting lands to the settlers in the un-
disputed portion of it, but claiming at the same time
a right TO the whole. After the measures taken to
carry these purposes into effect within the limita
tons OF existing treaties and the law OF nations Con-
gress will then go TO work to modify the tariff and to
pass the independent treasury law with view to set
tie those questions and enable us TO organize navy
and put the country in position of Defence SO as to
be able meet the subsequent menaces or measures
OF England. A new steam navy will have to be or
ganized at once. When these measures are earned
through, and all is settled in the Oregon territory,
the government will advance to a settlement Of the
Texan boundary-wil negotiate for California
will reflect uponSt Domingo and Cuba, and, in the
progress Of two three four or may be of eight
or ten years, If England should interfere with these
movements IN this country, then the great conflict
will come on; and when this conflict begins, II will
be not by war in Oregon, but by the subugation
OF the Canadas. Such will be the Issue. Who says
no z
WALL. STREET TRouBLEs.-The troubles between