"As to receding, it is neither to be discussed nor thought of. I refer to it but to denounce it—a denunciation which will find a response in every American bosom. Nothing is ever gained by national pusillanimity. The country which seeks to purchase temporary security by yielding to unjust pretensions, buys present ease at the expense of permanent honour and safety. It sows the wind to reap the whirlwind. I have said elsewhere what I repeat here, that it is better to fight for the first inch of national territory than for the last. It is better to defend the doorsill than the hearth-stone—the porch than the altar. National character is a richer treasure than gold or silver, and exercises a moral influence in the hour of danger, which, if not power itself, is it surest ally. Thus far ours is untarnished!" &c.

This statement of the relative value of "national character" as compared with the precious metals, will be very edifying to the creditors of Michigan.

Mr Serier, Democratic senator from Arkansas, another insolvent western state, is a still richer representative of the majesty of the American senate. This state is the headquarters of the bowie-knife, revolver, and Judge Lynch regime, and Mr S.'s education in these particulars does not appear to have been neglected.

"It has been her (Great Britain's) bullying that has secured for her the respect of all Europe. She is a court-house bully; and in her bullying, in my opinion, lies all her strength. Now, she must be forced to recede; and like any of our western bullies, who, when once conquered, can be kicked by every body, from one end of the country to the other, England will, in case she do not recede from her position on this question, receive once more that salutary lesson which we have on more than one occasion already taught her." * * "I should like very much indeed to hear any one get on the stump, in my part of the country, sir, and undertake to tell us that the President had established our claims to Oregon, and made it as plain as the avenue leading to the White House; but inasmuch as there is great danger that Great Britain may capture our ships, and burn our cities and towns, it is very improper for us to give notice that we will insist upon our claim. I need hardly say that such a one, if he could be found, would be summarily treated as a traitor to his country." * * * *

No doubt of it. Furthermore, Mr Serier cannot think of arbitration, because—

"When I see such billing and cooing betwixt France and England, and when I think the Emperor of Russia may not desire to have so near his territory a set of men who read Paine's Rights of Man, and whistle 'Yankee doodle,' I feel disposed to settle the matter at once by force of gunpowder. I consider the President acted wisely—very wisely—in keeping the case in its present position, and in giving intimation of taking possession after twelve months' notice, and then to hold it. Yes, sir, to hold it by the force of that rascally influence called gunpowder. That's my opinion. These are plain common-sense observations which I have offered."

What a love of a senator! We put it to the House of Lords—have they any thing to show like unto this nobleman of the woods?—We will now, with the permission of our readers, introduce them for a few moments to the House of Representatives. Mr Douglas, a Democratic representative from Illinois, another insolvent western state, wants to know why Great Britain should not be bullied as well as Mexico.

"He did hope that there would be no dodging on this Oregon question. Yes; that there would be no dodging on the Oregon question; that there would be no delay. There was great apprehension of war here last year—but of war with Mexico instead of Great Britain; and they had found men brave, and furious in their bravery, in defying Mexico and her allies, England and France, who now had an awful horror in prospect of a war with Great Britain. He (Mr D.) had felt pretty brave last year with reference to Mexico and her allies, and he felt equally so now. He believed if we wished to avoid a war upon this Oregon question, the only way we could avoid it was preparing to give them the best fight we had on hand. The contest would be a bloodless one; we should avoid war, for the reason that Great Britain knows too well: if she had war about Oregon, farewell to her Canada."

Our next extract will be from the speech of Mr Adams, a Whig representative from, we regret to say, Massachusetts, which is in every respect the pattern state of the Union. We are willing to believe that in this single case the orator does not represent the feelings of the majority of his constituents. Mr Adams has filled the Presidential chair, and other high offices; and, while secretary of state, permitted himself to say on a public occasion, that the madness of George the Third was a divine infliction for the course that monarch had pursued towards the United States. The ruling passions of his life are said to be, hatred to England and to his southern brethren; and he thinks that war would gratify both these malignant crotchets at once, as the former would, in that contingency, lose Canada, and the latter their slaves. He urges that notice to terminate the convention of joint occupation should be given, and then observes—

"We would only say to Great Britain, after negotiating twenty odd years under that convention, we do not choose to negotiate any longer in this way. We choose to take possession of our own, and then, if we have to settle what is our own, or whether any portion belongs to you, we may negotiate. We might negotiate after taking possession. That was the military way of doing business. It was the way in which Frederick II. of Prussia had negotiated with the Emperor of Austria for Silesia. [Here Mr A. gave an account of the interview of Frederick the Great with the Austrian minister, and of the fact of Frederick having sent his troops to take possession of that province the very day that he had sent his minister to Vienna to negotiate for it.] Then we should have our elbows clear, and could do as we pleased. It did not follow as a necessary consequence that we should take possession; but he hoped it would follow as a consequence, and a very immediate one. But whether we give the notice or not, it did not necessarily draw after it hostility or war. If Great Britain chose to take it as an indication of hostility, and then to commence hostilities, why, we had been told that there would be but one heart in this country; and God Almighty grant that it might be so! If this war come—which God forbid! and of which, by the way, he had no apprehension whatever—he hoped the whole country would go into it with one heart and one mighty hand; and, if that were done, he presumed the question between us and Great Britain would not last long, neither Oregon, nor any country north of this latitude would long remain to Great Britain. Strong as was his moral aversion to war, modern war and military establishments, then, if he should have the breath of life at the time when the war commences, he hoped he should be able and willing to go as far in any sacrifices necessary to make the war successful, as any member of that house. He could say no more."