Chief Steward. Why Sir, having declared war in due form, it was necessary we should declare peace with as much formality.

Uncle Sam. Aye, very well, read on, come, the Blockades!

Chief Clerk. The second article speaks of ratifying the treaty, and the time in which hostilities shall be considered as having ceased, with respect to the captures of vessels on the high seas. This article is a necessary consequence of the preceding.

Uncle Sam. Oh, very well, go on.

Chief Clerk. Article third treats of the exchange of Prisoners.

Uncle Sam. Very well, read on.

Chief Clerk. Articles fourth and fifth treat of running boundary lines anew.—

Uncle Sam. Boundary lines, what? Oh, aye so as to take in Canada I suppose, very well, read on. Come the Blockades! I have my thumb on it.

Chief Clerk. Articles seventh and eighth refer to boundaries also.

Uncle Sam. What, what, boundaries again, more territory! Sangrado, we shall have to make you Governor yet.

Chief Steward, (aside.) D-n that Pocket-book, I wish it was burnt.

Chief Clerk. Article ninth relates to hostilities with the Indian tribes. Article tenth treats of the abolition

of the Slave trade. The last article relates to the mutual obligation of the Treaty on both the contracting powers.

Uncle Sam. What! what, have we not obtained a sin gle thing we have been fighting for? What does all this

mean? Boundaries, Ratifications, Indians, Slaves, obligations? what, we didn't go to war for this trumpery! Blockade's, Sailors' rights, John Henry, what! have we no redress, what?

Chief Steward. Oh yes, my dear sir, we have obtained all we contended for. The blockades and orders in council are much the same thing. Bull rescinded his orders in council long since. With regard to sailor's rights he is dismissing his own sailors now, and sure when he has more sailors than he knows what to do with, he can have no motive to take ours: and with regard to John Henry, we have taken our satisfaction in playing the same game with Bull at a much greater rate, so that we may sett off even in that respect.

Besides we have acquired immortal honor in this war: look at the exploits of our Navy and the defence of New-Orleans, the defence of Fort Meigs and Stonnington, the capture of Little York and the battle of Chippewa. The honor we have obtained alone, would well recompense us for all the charges of the war.

Uncle Sam. Exploits of the Navy! you must give Tom Boston credit for that. His brave tars have achieved every victory, that has been gained. Surely you won't have the brass to boast of the exploits of the Navy. Have you forgotten that you have been the deadly enemies of a navy all your days? That you turned Tom out of office for building it? Sangrado give me a glass of your Whiskey with a few of your Lethean drops in it-I grow faint.

While the Squire was administering the balsam of forgetfulness to the war-sick Knight,-in comes the Chief Scribe of the strong box with a huge bundle on his back. No Jew-Pedlar ever trudged beneath a hea

vier load; down goes the budget, when the scribe began to pull out and unrol a paper of much greater Longitude than Latitude, when the Knight with his usual importu nity began to ask what he had-what it meant? The Chief Scribe replied that it was an account Current, of his honors receipts and expenditures during the war.

Aye said Uncle Sam, read it let us hear how it sounds, don't be tedious now, just give us the round numbers, don't descend to the particular items.

Chief Scribe. The whole amount of expenditures, is two hundred millions of dollars; for which we have in return, experience in the art of war, say fifty millions The increased value of our Navy and Fortifications, say fifty millions more. Then there's the Glory we have acquired, no one will deny is worth at least one hundred millions more, and this balances the account.

Uncle Sam. Aye then we have done well; we have the Peace, the Boundary lines, the pacification of the Indian tribes, and the ratifications as all clear gainneat profits, aye Sangrado? we've done very well, aye? Sangrado. But then we have lost Moose Island.

Uncle Sam. Aye, Moose Island, what is that worth ? What are a few roods of earth, to a whole continent of fame! But what a strange thing is war! How magical, how potent in its operations! By two or three years of war, blockades become ratifications. Sailors rights boundaries! And John Henry's plots are transmuted into abolition of the slave trade. Aye, but there's the Glory, that's the choicest part of the whole. Well, then I suppose I may take this bundle, and use it as occasion requires; What papers are all these, so nicely folded which I see here in the "Sacks mouth." Aye, Glory Bills! Drafts at sight, on immortality. Wonderful met

amorphosis in former times we used to call just such things as these Tax Bills, but Tempora mutantur, times are changed.

During these transactions her ladyship and Sangrado expressed by significant smiles, their pleasure at seeing the complete delusion of Uncle Sam. Sangrado imputed it to the draught of Philosophic nectar which he had administered to him.

As Eneas, the Trojan prince, shouldered the shield on whose surface the fortunes of all his posterity were represented, so our Hero lifted the portentous budget on his shoulders amidst the mobocratic shouts of" glorious war ;" little reflecting on the bitter sequel of its contents -regardless of the past as unconscious of the future. So nations pass down the beguiling stream of fate, the evil genius of the demagogue cries out " Breakers,” and hurries them along until they have shot the "impassable gulph," when they look back with useless astonishment, and wonder how they came there. In a free government, the frequent recurrence of the elective power to the will of the people, would, if that will were well informed and unbiassed, ever prove a sufficient barrier against the efforts of a despot on the one hand, and the intrigues of the demagogue on the other. As in an absolute government, the Tyrant breaks the nation into factions, and attaches the least obnoxious and most powerful of them to his cause; so in a republican state, factions are created by ambitious, designing and crafty individuals, who hold up the public welfare as their sole object, and make the most ardent and disinterested professions. In the former case, the Monarch is the tyrant, in the latter the prevailing faction. Under these circumstances, when oppression reaches a definite point,

the choice of the weary and suffering multitude, usually settles down between the terminable ambition and measured revenge of an individual, and the inexorable malice of an incensed multitude.

No class of men of whatever party, can have any claim to the character of Statesmen, who have not a regular plan, some uniform system, the operations of which extend beyond the temporary exigences of the moment, and which in no case can contravene those principles, which form the basis of the government. Washington had a plan of finance general and uniform in its operations. The exceptions urged against some of its features, even then served, in the eyes of correct statesmen only to strengthen their conviction of its wisdom and its Justice; but it may be said with truth, that in putting the complex machine into operation, he was greatly assisted by that great statesman, Mr. Hamilton, whose profound and comprehensive views, were as admirably adapted to the exigences of that important crisis, as his principles and his integrity were pure and irreproachable. His impartial policy toward the different states of Europe, at an epoch more difficult than any we have since witnessed, kept us from being embroiled in their destructive conflicts. A different course of policy under the two last administrations toward these same nations, has written the wisdom of Washington in characters of blood, on the history of our country.

Washington knew that we were a commercial people, and he acted from that conviction. He saw a productive revenue arising from the multiplied operations of Commerce. He felt that in protecting Commerce, he fostered Agriculture. To this end, he never ceased to