The country at once became alarmed by the growing rumors that the resolution of the House was a direct challenge to Great Britain for a trial of strength as to the superior title to the Oregon country, and it was soon apparent that the Senate would proceed with more circumspection and conservatism. Events were rapidly tending toward hostilities with Mexico, and the aggrandizement of territory likely to result from a war with that country was not viewed with a friendly eye, either by Great Britain or France. Indeed, the annexation of Texas, which had been accomplished the preceding year, was known to be distasteful to those governments. They desired that Texas might remain an independent republic, under more liberal trade relations than could be secured from the United States with its steady policy of fostering and advancing its own manufacturing interests. The directors of the administration saw therefore more and more clearly that, if a war with Mexico were impeding, it would be sheer madness to open a quarrel with Great Britain, and force her into an alliance against us. Mr. Adams and those who voted with him did not believe that the notice to the British Government would provoke a war, but that firmness on our part, in the negotiation which should ensue, would induce England to yield her pretensions to any part of Oregon; to which Mr. Adams maintained, with elaboration of argument and demonstration, she had no shadow of right. Mr. Adams was opposed to war with Mexico, and therefore did not draw his conclusions from the premises laid down by those who were charged with the policy of the administration. They naturally argued that a war with Great Britain might end in our losing the whole of Oregon, without acquiring any territory on our south- western border. The bare possibility of such a result would defeat the policy which they were seeking to uphold, and would at the same time destroy their party. In short, it became apparent that what might be termed the Texas policy of the administration, and what might be termed the Oregon policy, could not both be carried out. It required no prophet to foresee which would be maintained and which would be abandoned. "Fifty-four forty or fight" had been a good cry for the political campaign; but, when the fight was to be with Great Britain, the issue became too serious to be settled by such international law as is dispensed on the stump. COMPROMISE ON THE OREGON QUESTION.