Correspondence of the Register and Journal.
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TUSCALOOSA, Jan. 22.

 The revenue bill was laid on the table last even ing, by vote of 59 to S7; this is equivalent to it, rejection. From the commencement oi lhe session s majority of ihe members has evinced disposition io vote against increase of the taxes They helev vea that with he funds in the treasury, and with the collection from the Bank debtors, there will be a snfhclency 10 meet puncually the interest on our Sl,ie bonds. Of course those who take this view of the question, have no idea at present. of making any provision for the payment of .he principal This is l my opinion, is . great error. The debt is ours asd ,e ought 10 pay it; and the sooner we are taxed to pay the principal of our State debt the better Whx throw the burden on our successors, put of longer the evil day? Ii must come, and every ,ears post ponemen, not only weakens the obIigaios Go pay the debt in the opinion of many, but lanapse us with the idea of redpiotioH. If we wil sos ssbnit to tax alton now to pay this debt. will we be be,tsr pre- pared or more willing to do five years hence AT ready it IS stated by sone that other States have re- fused to pay their interest, and We great in our doing what others have done. The debt is good and will ultimately be pad but just now the. people ought not to be further taxed-they can with difficulty pay their debts-and as many of thesa never got dollar from the Banks 1t is hard that tA<y should now be taxed 10 make np for the ioy extra- vasanee aud rascality of others. This reasoning is false, and If good now it will be good five yeaas hence Indeed il then be urged with greaier force. regret, therefore, that the Legislature did not respond the noble and patriotic sentiments coa ta'ned in the report of the majority of the committee of ways and means. l appreIensive that this disposition of the bill will have an unfavorabie effect on our public ciedt.

 The bill granting loan of the per cent fund to the Tennessee and Coosa railroad company, and the Montgomery and West Poin, railroad company, mas passed the Senate, with some material alne4d- n'en''' These amendments were this day coBcurred in by he hopse and rhe bill only wants the signature o' '"e ""'erno' 10 become law. I hope Mobile VIII oe oehen''sd by the completion of these rail a"u 'a' me r'e" productions of Norsh Alaba- ma, VIII be poured into Me bosom of your cay

 The House passed bill some time ago propos- 'ng to alter the constitution, se as to h>xe Sisnniaf instead of annHal sessions The s.n..,- snen,l.d the bill by proposing alter the cou,,,e ,r lao as to change the seat of Gorrnmsnf. The ttouse will probably concur in the anendme nt by tn. .on.,;,u tional majority. The committees of conference tse apportionm.., | bill have reported disagreement 7hs ques,,o, now assumes an importance that ihHentens even tn. dissolution of our State goverape~s. The Governor will bs compelled 10 call extra session, and then we have Ho assurance that the menheGs of the Sem ate and House will come nearer ia agreeing than they now do inmy opin,Sa the best and shortest way to obS'ae tho difficulty, IS so calla convention to form the constitution s.ne~ h needs anendmen, in many important par, icuss. Propositions to ,hi. ehec' arc made every year. The disagreement, of the Houses on the aPpot ton~.ns biB increases the ne. eesshy Tor such o'On'ention. hop~ i will be call sa ,.s and Ih'' P'ssse sf patch ~ork will bs rusa-