equally honourable to both. We are now at peace with the United
States--a peace not to be disturbed by the (to Whiggish eyes)
_promising_ (!!) aspect of the Oregon difficulties--which we tell our
aforesaid friends will end in--_nothing at all_--[It is not, by the
way, _the fault of our Government_, that this disputed matter was not
embraced by the Washington Treaty.]--While Lord Palmerston and his
doleful ally, the _Morning Chronicle_, were daily stigmatizing the
treaty of Washington, as highly dishonourable and disadvantageous to
this country, it may interest our readers to see what one of the
disaffected _American_ senators had to say on the subject. Thus spoke,
in the senate, Mr Benton, a well-known member of congress:--

"The concessions of Great Britain to the United States are
small. The territory granted to the United States, is of such
a nature, that it will never be of importance to hold it,
while the possessions given up by the United States are
important and valuable to them, and have the effect of
admitting a foreign power within a territory which was granted
to the United States, by the treaty of 1783. * * When I see
the Government giving up more than Great Britain demanded, I
cannot conceal my amazement and mortification!"

Glancing, however, from the West to the East--what do we see?
Wars in India and China, brought gloriously to an advantageous
termination.--"Wars," to adopt the language of one of the greatest
mercantile authorities living, "which have been deranging our money
transactions, and making our trade a trade of hazard and speculation,
most injurious to the commerce of the empire at large."

While, on the one hand, we are relieved from the ruinous drain upon
our resources, occasioned by our protracted warlike operations in
India and China, on the other, a prospect is opened to us, by the
immensely important treaty into which the Emperor of China has entered
with this country, of very great and permanent commercial advantages,
which are already being realized. Let our manufacturers, however,
beware of the danger of forfeiting these advantages, by excessive
eagerness to avail themselves of these newly acquired markets.
Twelve-months ago, we earnestly warned them on this score,[21] and we
now as earnestly repeat that warning; "Notwithstanding," observed an
able French journalist, a few weeks ago, upon this subject, "the
opening of five ports to European co