It is said, that certain sectional rights in the Territories must be secured and guaranteed. In that view I desire to call the attention of the Conference to two or three points in the plan of the proposed security. As I understand the scheme, it is this: It is proposed to divide our present territory by the line of 36 deg. 30', with a view to have emigration from the free States go north, and from the slave States go south of that line. This is made in connection with a limitation preventing the acquisition of future territory. Now the first thing that impresses me is the objection to placing any such restraints upon emigration. Mr. CLAY:--I think the gentleman misunderstands the report. I have seen no proposition that proposes to confine or restrain emigration. Mr. SMITH:--I concede that there is no express provision restricting emigration, but such I think will be the effect of the amendments. By the third section, Congress is prohibited, forever, from interfering with the subject of slaves, and the sixth section makes the others, with certain provisions of the Constitution as it now stands, irrepealable and unchangeable. No matter how much the condition of the country may change; no matter if all but the most inconsiderable fraction of the people may desire to change them; these propositions must stand as long as this country stands, a part of its fundamental law. These are the general provisions which the scheme contains. It is offered as a measure of peace; of conciliation; to calm and quiet the existing excitement. I think I am right in saying that when you are making a constitution you should consider all the conditions of the people who are to be governed by it; that you should keep in view all sections and opinions. It is my belief that instead of calming the excitement these propositions will aggravate it--will arouse it to a pitch it has never yet attained. I believe this, because the entire proposition goes counter to the fundamental ideas upon which our Government is based. It proposes to _establish_ slavery South. Is not this the first time in the history of the Constitution that it has ever been proposed, by affixing an article to that instrument, to _establish_--to _plant_ slavery in territory which was free when it was acquired? The ordinance of 1787 prohibited slavery from going into the territory which was acquired by it.