Mr. Seward was not in the habit of impugning the courage of any man. He believed every senator had sufficient. He himself had enough for his own purposes. But other qualities are also necessary. There is moral courage. There is truthfulness to pledges. The President had power to carry out his pledges, and has he done so? Where is the Pacific Railroad bill? where his protection? where relief to the bankrupt? Lost, sunk, sacrificed, in his attempt to fasten slavery on the Spanish American States. No part of the President's policy has been carried out, but it is all sacrificed to a false and pretended issue. Out of nothing, nothing is expected to come. He (Mr. Seward) had never mistaken the President's policy. He never mistook it for a giant in arms, but for a windmill with sails. Mr. Seward concluded by an energetic declaration that he is to be found on the side of liberty, everywhere and always. Mr. Toombs replied at some length, till Mr. Johnson, of Arkansas, again raised a question of order, to cut off debate. At eleven o'clock there was a crowded audience; half the senators were in their seats, while the rest were reading and smoking in the ante-room. Mr. Doolittle finally declined to withdraw his motion. At midnight, Mr. Chandler attempted to reply to the remarks of Mr. Toombs respecting demagogues. The Vice-President ruled that he was not in order. Mr. Fessenden appealed from the ruling of the Chair. Mr. Mason again moved to adjourn. Lost by 20 to 30. The appeal of Mr. Fessenden was then laid on the table. Mr. Clark then spoke; after which Mr. Doolittle's motion to take up the homestead bill was voted on, and lost, by yeas 17, nays 28. At last, wearied out, and convinced that the Republicans were not to be intimidated or driven into a vote upon the bill without more discussion, Mr. Slidell, himself, moved an adjournment, at one o'clock at night, which was of course carried. STEPHEN A. DOUGLAS.