COLONIZATION proposes to convey to the western coast of Africa, and to establish there, on territory procured for the purpose, the free colored people of Maryland, with their own consent. To carry out this design the Legislature of Maryland, in 1831 appropriated ten thousand dollars annually for twenty years, and constituted the Maryland State Colonization Society the agent in the business. Three Managers of the fund are appointed by the State, to act in concert with the Colonization Board. Neither the managers nor the members of the board receive any compensation; yet no enterprise was ever prosecuted with more energy, prudence, and success. It is not necessary that I should go into details here to show what colonization has achieved under the auspices of the Maryland board. The people of Maryland are familiar with this subject. The Colonization Journal, published semi-monthly in Baltimore, under the charge of DR. JAMES HALL, the board’s general agent, makes known to the public all the particulars connected with colonization, and the affairs of the settlement in Africa. It may be sufficient at present to say that a most propitious fortune seems to have accompanied every step of this great undertaking. The colony was planted by some thirty or forty emigrants; it now has a population of more than seven hundred. It is an organized community; in its form, constitution and laws it is a republic; the governor, appointed by the State board, is a colored man; the other officers, elected by the people or appointed by the Executive, are all colored men. The little commonwealth is prosperous; it has established its influence over the neighboring tribes; and recently GOV. RUSSWURM procured by purchase a considerable and very important territory, lying adjacent to Cape Palmas. The colony has its schools, its houses of worship, its military organization, its tribunal of justice, its officers of police, its administrative functionaries. Roads have been opened into the interior, and a trade is carried on in rice, camwood, palm oil, and other productions of the country. The language of an eye witness will best testify to the condition of affairs in our Maryland colony: I quote the Rev. JOHN SEYES, a minister of the Methodist Episcopal Church, long a resident at the old colony of Monrovia, and recently a visiter at Cape Palmas: