The New York Herald

Albany, March 20, 1846.

New York Herald and Calhoun's Speech—Oregon Resolutions in the Legislature—Salt Duty—Spencer's Report Reports of Committee on Banks—Liability Clause— State Convention—Mike Walsh—Colonel Young—Weather.

The New York Herald of yesterday, containing the interesting intelligence from Washington, and the speech of John C. Calhoun, on the twelve months notice, arrived here this morning at nine A. M. A curious and exciting scene ensued; Jones' news depot was instantly crowded, and in a few hours every Herald in the city was sold. The intelligence had a peculiarly agitating effect upon popular opinion, and immediately became the first and exclusive topic of conversation about the city. The Senate business was retarded, I think, by this information, as I remarked that several Senators were entirely occupied with the New York Herald.— The mysterious and unaccountable position of this Oregon question, and its continual changes and rotations, keep the public mind in constant anxiety and apprehension of the issue.

I believe the Legislature will instantly take up and pass the Oregon resolutions now before it, in order to give Congress an indication of the sentiments upon this question.

The Senate has been in session, but the business is common-place. A debate arose upon the bill to reduce the duty on domestic salt— it continued with horrid monotony until the hour of adjournment,

My letter in yesterday's Herald, relative to Spencer's famous report, occasioned very great excitement in the Senate this morning

In the House, the Committee on Banks and Insurance Companies, made majority and minority reports—the majority in favor of compelling the banks of this State to redeem their notes at par in the city of New York and also in favor of including the personal liability clause in all charters granted to any incorporated monopoly whatever. The minority, consisting of one member. (Mr. Pierce,) reported against these judicious propositions. These reports were very lengthy, and their reading occupied long time; five thee the number ordered printed.

A debate then arose in committee upon the common school system of this State—the abolition of county superintendents, and the loaning of money from the U. S. deposit fund to common schools.

House filled- vast number of beautiful ladies, accompanied by gentlemen- bevy and gentle sisters and fond and noble brothers-in the galleries infusing life, and love, and joy into the hearts of men and creating generous impulses and noble deeds of rivalry. But the public mind is, for the present, withdrawn from the actual business transpiring in the Legislature, and is fixed sternly and attentively upon the critical condition of the country, and the events and circumstances which have forced the country into her present situation. The convention- are- Democratic suffrage- though the public qualification of the Union- Mr Polk's position, etc are in every mouth and on every tongue. General concern is manifested for the action of this State Convention. The executive clemency would probably have been extended to Michael Walsh, now under sentence of confinement at Blackwell's Island for libel, if a repetition of this offence had not occurred since his incarceration He has penned an article from his cell which is highly defamatory of the character of the officers of the court which convicted him in New York. This circumstance totally forbids the interposition of the Governor for his release. The sentence of Walsh may have been severe; but when he discovers a disposition to add to his culpability, by repeating the offence, his pardon is impossible

I called on Col. Young to-day. at his rooms at the Delavan house. and I am glad to tell you that he thinks he will be able to take his place in the Senate to-morrow morning. Mr. Young will probably oppose the bill introduced by Senator Wright, to authorize the tenants to call the title of the patroon in question.

The weather is exceedingly warm—thermometer above seventy degrees; hundreds of stately ladies and handsome, gentlemen are promenading Broadway and State street. The boat leaves in a few minutes, (4 P. M.) and I will close a hastily written letter. The effect of Mr. Spencer's report has been as I predicted. The tenantry flock into the Senate chamber every day and their farming business is in some instances totally neglected, for the purpose of watching the action of the Senate upon the anti-rent question, which will be called up very soon. The House was engaged upon private claims last evening.

A homicide was perpetrated on Saturday evening last, says the Memphis Enquirer of the 5th, about seven miles from this city, on the Military Road. by an old man named Stephen Williams, upon a Dr. Horatio du Crump. The parties were engaged in friendly conversation over a glass of liquor, when Williams taking offence at a jest of Du Crump, stabbed him in the abdomen, producing instant death. He was arrested and committed for trial.

Two slight breaks have occurred on the line of the Chesapeake and Ohio Canal—one near Williamsport, and one near Seneca—in consequence of the late freshet. The one at Williamsport will be repaired in three or four days; the other, at Seneca, in about a week. Damage not great.