We have news from Oregon to the middle of December, at which time the Legislature was in session. The message of Governor Gaines recommends the establishment of a liberal system of education, and asks for the passage of a law for protection against the Indian tribes. It also maintains the importance of a liberal policy on the part of the General Government in the donation of lands to actual settlers. The country appears to be in a highly prosperous condition; all the towns on the Columbia and its tributaries are growing rapidly. The news from the gold placers on the Klamath and Umpqua rivers, near the borders of California, is encouraging as to the yield of dust, but the Oregonians place their main reliance on their agricultural interests. The yield of wheat is said to be not only double per acre that of the Atlantic States, but it is a never-failing crop. The people in Oregon City are agitating the subject of a railroad to connect the Willamette Valley with the Columbia river, at some point accessible to large vessels. It is estimated that the whole cost will only be about $500,000, which it is proposed to raise in one thousand shares of $500 each. Twelve months, it is believed, will complete the work.

EUROPE.

On the first of February, England was in a tranquil condition, the anti-Papal agitation having almost entirely subsided. The journals were engaged in discussing law reform, the New-York Revised Code being commended as a model in many quarters. In the Queen's speech at the opening of Parliament—an advance copy having been forwarded to this country—a thorough reform of the Equity courts is recommended, as well as the introduction of an act for the registration of deeds, equally applicable to each of the three kingdoms. Her Majesty alludes in terms of comparative mildness to the Wiseman affair, commending the question to the attention of Parliament. Public opinion is strongly in favor of a large reduction in taxation, and it is anticipated that the window tax will be abolished. The quarterly returns of the revenue have been highly satisfactory, since, notwithstanding the abolition of the tax on bricks and the reduction of the stamp duty, the income exceeds that of the previous year by about £165,000.

The great crystal palace in Hyde Park is rapidly advancing towards its completion. The immense structure is exciting the wonder and admiration of the metropolis, and the opening of the fair is anticipated with great interest. The strength of the building has been amply tested by a severe storm of hail and wind, which passed over without breaking a pane of glass. All quarters of the world are sending specimens of their manufactures and natural productions. South Africa, Australia, and the islands of the sea will be represented, while Cashmere shawls, robes of pearl, and Runjeet Singh's golden saddle, will be sent from India.

The U.S. Mail steamer Atlantic, which sailed from Liverpool on the twenty-eighth of December, arrived in the harbor of Cork on the twenty-second of January, having been at sea twenty-five days. When in lat. 46° 12', lon. 41° 30', about midway between Cape Clear and New-York, her main shaft broke, rendering the engines useless. After running westward two days under sail, a heavy gale arose, when Captain West put her head about, and made for Cork, a distance of 1400 miles, which she made in eleven days. The steamer Cambria was instantly chartered to take her place, but most of her passengers left Liverpool in the Africa, on February 1st. It is stated on the authority of Earl Monteagle, that the British Government have resolved to make Holyhead the port of arrival and departure for the transatlantic mail steamers.

In France, a ministerial revolution has taken place, resulting in widening the breach between President Napoleon and the National Assembly. Several general orders of General Changarnier to the army of Paris having been published in one of the journals, in which he commands the troops to pay no attention to any orders but those of the Lieutenant-General. Changarnier was called upon in the Assembly for explanation. He denied that these instructions were meant to be permanent, but only to be put in force when an emeute was apprehended. His conduct was approved by the Assembly, but Louis Napoleon, who had long regarded Changarnier with fear and jealousy, withdrew from him the command of the army at Paris, which he divided between two or three generals of lower rank. This gave rise to a most excited debate in the National Assembly, in which Lamartine made a speech in the President's defence. Baroche, Minister of the Interior, General Changarnier, M. Thiers, and General Cavaignac followed, the three latter speakers taking strong ground against the ministry. After several days of stormy discussion, the resolution of M. de St. Beuve, that the Assembly "declares that it has no confidence in the ministry," was carried by a majority of 139. The ministers tendered their resignation to the President the same evening. A ministerial interregnum followed, which was terminated on the twenty-fourth of January by a message of the President, appointing a "transition ministry," composed of employées from the different departments, not one of them having a seat in the Assembly. The following is the list, as given in the Moniteur:

Public InstructionM. Giraud, (de l'Institute.)
InteriorM. Vaisse.
Foreign AffairsM. Brennier.
WarGeneral Randon.
MarineAdmiral Levaillant.
CommerceM. Schneider.
FinancesM. de Germiny.
Public WorksM. Magne.
JusticeM. de Royer.

Lamartine, it is stated, was urged by Louis Napoleon to accept an appointment in the ministry, but declined on account of his being bound to furnish his publishers with two volumes a month, under heavy penalties.

The Conference of the German States at Dresden was opened with much ceremony early in January. All the states were represented, but the negotiations were kept profoundly secret. It has transpired, however, that the formation of the new Diet agreed upon gives two votes to Prussia, two to Austria, one each to Bavaria, Saxony, Hanover, and Wurtemberg, and three more portioned among the smaller principalities, making eleven in all. It is also understood that a Provisional Central Power will be proclaimed, Prussia and Austria retaining to themselves exclusively the right of deciding for the Confederation all questions of peace and war.

Austria still labors under financial embarrassments of an almost hopeless character. As a measure of temporary relief, the Government has contracted two loans, one from Russia, of fifty millions of florins, and the other, of one hundred millions, on state obligations, at six per cent. The manufacturers of Austria strongly oppose the proposed compromise of the Zollverein, and advocate a tariff of a decidedly protective character. Great dissatisfaction has been manifested in Hungary, on account of the newly imposed tax on tobacco, which is one of the principal productions of the country. In consequence of this opposition the excise corps has been greatly enlarged, and serious difficulties are apprehended.