It was stated at the commencement of the last session that a great effort was then making in Spain and Portugal to improve the condition of the people of those countries, and that it appeared to be conducted with extraordinary moderation. It need scarcely be remarked that the result has been so far very different from what was then anticipated. Of events in that quarter of the global, with which we have so much intercourse and from which we drive our origin.we have always been anxious and interested spectators. The citizens of the United States cherish sentiments the most friendly in favor of the liberty and happiness of their fellow men on that side of the Atlantic. In the was of the European, powers in matters relating to themselves we have never taken any part, nor does it comport with our policy so to do.It is only when our rights are invaded or seriously menaced that we resent injuries or make preparation for our defense.With the movements in this hemisphere we are of necessity more immediately connected, and by causes which must be obvious to all enlightened and impartial observers.