As the interests of the southern white population would be vitally benefited by the accomplishment of this object, even if they were to consummate it without the co-operation of the northern states, the additional impulse of humanity cannot fail to influence their unanimous assent and a generous compromise. Such an act of national magnanimity, beneficence and justice, would diffuse joy and admiration amongst all colours and all nations. There would be no murmuring. It might be effected without making any man feel the poorer for it; and if it did, that is no excuse for injustice and oppression. A great proportion of the necessary sum might be raised from duties on the imported products of the labour of slaves, which are generally luxuries, as rum, sugar, coffee, &c.; and the amount of all the funds heretofore raised, or to be raised, from the taxation of slaves, is justly due to them, for this purpose; for they have resulted exclusively from the products of their toil and sweat. It is both the right and the duty of the citizens of the north to unite with their brethren in the south, in washing away this obnoxious stain upon the national character. Let the public will and honour be consulted; let the national voice be elicited by universal public meetings, and concentrated, so as to vibrate with irresistible effect, in the sanctuaries of freedom and justice. Mr. Randolph, in the house of representatives, on the subject of constitutional compromise, said, (alluding to the words "_three fourths of all other persons_," made use of in the constitution, in order that the statute book should not be stained with the name slave,) "he wished to God our consciences were not stained." REFLECTIONS ON THE _BLACK COLONY PROJECT_. Since the foregoing part was composed, a highly respectable meeting, consisting of a considerable number of the Members of our National Legislature, with many benevolent and intelligent citizens of the District of Columbia, has been held in the City of Washington (on the 21st Dec. ult.) for the purpose, as expressed by the gentleman who presided as chairman, (Mr. Clay,) "_of considering the propriety and practicability of colonizing the free" people "of colour in the United States, and of forming an asylum in relation to that object_." As the proceedings of this Meeting indicate a flattering prospect of the consummation of a measure, on which I had recorded my sentiments, and hope[35] of its adoption, several weeks previous to the time that the meeting was announced, it is deemed useful and appropriate to annex a sketch of their deliberations, as published in the National Intelligencer. * * * * * Extracts from the speech of Mr. CLAY, (on taking the chair.)