Mr. SMITH:--In all the action of the Government with other governments, we are a nation as much as France or England. In every thing pertaining to the acquisition of territory we are a nation. The rights of the States are preserved in the Constitution, I admit, but their power is to be exercised subject to the powers reserved by the Constitution to the General Government. In all that respects these powers the Government is supreme. I have only sought to state some of the opinions which are conscientiously entertained at the North upon subjects connected with these propositions. They _are_ entertained there, and they must be respected by the Conference. This doctrine of the preservation of the balance of power is a new doctrine. It was unknown to the framers of our Constitution. In my opinion it is a most mischievous doctrine to the country, and can only produce the most pernicious results. It is closely akin to the doctrine once broached in the Senate of a _duality_ of the Executive, which, extended, would require a President for every sectional interest. Such ideas were never popular at the North. I do not think they would operate very well in practice at the South. Mr. CLEVELAND:--Will the gentleman give way for a motion to adjourn? Mr. SMITH:--Certainly. On motion of Mr. CLEVELAND the Conference adjourned to ten o'clock to-morrow. FOURTEENTH DAY. WASHINGTON, THURSDAY, _February 21st, 1861._ The Conference was called to order by the President, at ten o'clock and fifteen minutes A.M., and prayer was offered by Rev. Dr. STOCKTON. The Journal of yesterday was read and approved. Mr. WICKLIFFE:--As I stated yesterday, I now wish to call up my resolutions relating to the termination of the debate, and to have a vote taken upon them. Mr. CHASE:--Will Governor WICKLIFFE permit me to make a formal motion, which cannot give rise to discussion? It is this: The resolutions passed by the Legislature of Ohio, under which myself and my colleagues hold our seats, make it my duty to lay before the Conference the resolves I now offer. I ask to have them read, laid upon the table, and printed. The resolutions were read, and the motion of Mr. CHASE concurred in. The resolutions are as follow:-- _Resolved_, That it is inexpedient to proceed to final action on the grave and important matters involved in the resolutions of the State of Virginia, in compliance with which this Convention has assembled, and in the several reports of the majority and minority of the committee to which said resolutions were referred, until opportunity has been given to all of the States to participate in deliberation and action under them, and ample time has been allowed for such deliberation and action.