Correspondence of the Register and Journal.
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TUTcALoosA, Dec. 2S To-day has been one of some importance in legis- Iative proceedings. The Committee Ways and Means reported bill 10 raise revenue for the State and to mainan its credit. It accompanied by a report, showing the necessity for increased taxa ton, and expressing the opinion and belief that the people would sustain any measure that necessa- " to maintain the faith and redeem the pledges of the State Five thousand copies of the report were ordered to be printed. The bull proposes 10 increase the taxes considerably, aud introduces several new subjects of taxation It is believed that il the bill is passed as reported, il will produce revenue Of from S50O,O to $600,00O. I hope you will pub- fish the report of the committee when received From the indications in he legislature, think it probable that the taxes will not be increased much. was therefore, glad to provision in the bill, appoint ing assessors Ia uaius the real estate and requiring

 aads subject to taxation, to pay an ad paorem tar If the provisions of the bill, to the appointment of the assessors and the valuation of the land passed, think probable that the from this source will be increased S5O,000. The committee on the appor- tionmen of the also made their report

 Mobile county loses d member. The northern part of the Stale loses considerably, and the east gains Chambers is the only county that has four representa- tives. The bank committee have yet reported. Mr. Chandler introduced joint resolution 10 dissolve the bank and branches. He introduced the resolu-

 ton by stating, that the charters of the State bank and of the branches, would expire the first of January next-lhat the legal existence of the bank having then ended, if the property of the banks |; d.. IL. IL. L that time, the debls due these institutions might be placed in great jeopardy. If the corporation d,sd, and there Is successor representative, the debts might be exlinguished or aiall events. the interests oi the State be seriously affected 1hese views presented at some length The result was, that the order of the day was suspended, and select com mtlee, consisting of Messrs. Chandler, MeClung. Martin, Philips and Williams, was appointed to take the matter into consideration. The committee soon after reported bill, Vt sting the properl, ano assets u the State bank and he branch at Monlgom cry the State. and continuing the name of the banks for the purpose of su,t, Sc. The motion proceedings produced no l'lle excitement in the House. Judge Martin, ihe chairman of the bank committee. offered d substitute, proposing to extend

 

 questions involved the bill and substitute, and ex- pressed hIs convictions that ihe interests of the State would require a re.clarler of lhe Bank for a limited time, say eighteen months. He was ,ep'ieo to by Mr. Chandler, who expressed the opinion that there was no necessity for d charter of the bank that the whole system had been tried and condemned, and lhe brief existence ofa year should be denied II. do not pretend to give you even the substance of he remarks. The point was, as is above stated. Much interest and anxiety evinced on the sub jects and after o'clock P. M the further cOnsidera- tion of the bill and proposed substitute was pesipon ed until 10 o'clock Monday next. The result will certainly be prompt action the part of the bank committee. Indeed the chairman read bill winch he had prepared and which he expected to report Monday next. It provides for the renewal oi the charter of the State bank. have no idea it will he done unless il be for short time, enable tho ls- gisature to perfect bill for dissolution of all the charters. think the bill reported by the select committee will pass and the House will wait for the report of the bank committee before they act further It appears to me to be the safe course, and II there be any good reason for the apprshensions expressed h. hr Clandl~r fand th@ Aeese -.e-.eA c. sAs>hu