Correspondence of the Register and Journal
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 1 send you Judge Martins blll To recharter the Bank of the State, and such portions of Mir. Chand- ler's amendment as will lead you into full under standing ol he distinctive features of each Mr. Chandler proposes to strike ont all of the commitees l bill Judge Martin's) and insert his. The first section of Mir. Chander's bili provides. that the Legislature shall elect President and two Directors for the s tate Bank and each olhe Branch es, from five persons 10 be nominated by the Govern orr; said officers 10 hold their offices two years to take charge of the assels, adjust and close the bas ness of the said Banks, Said officers to give bond for the faithful discharge of their duIes, &c, &c. Second section provides, that the President shall discharge the duties of President and Cashier, ex' cept as to the Mobile Branch, fe Pre- sident and Di- actors of which have power 10 elect Cashier, il in eir judgment the interest of Ihe institution requires ii. Third section provides, That :he President and Directors of each lank shall cause to be collected least 25 per cent. of the principal of the debts due the Banks, and ail the interest," cost and charges which have accrued on the same-proyided, that all the interest accruing after the passage of this act, slall be paid in spscie This section also provides for new securities, &c.

 l The 4h section provides for the putting suit all bills of exchange and notes, except in cases pro- vided for in the third section of the bill, and have been complied with according to the provisions of the same, provided, in the opinion ofth said officers the same Can be collected, &c.

 The 9th section provides that dssprsts and doubt iu debts shall be placed in the hands of agents and | .tt ,viI fns and ihe same. Said agents or attorneys not to receive than l5 per cent moneys actually collected. l The 6h section provides that the Governor shall Ie authorised and required to notify the sad officers of each Bank, at Tuscaloosa, al such time as he may think proper 10 determine when, in what manner and under what terms the real estate, ne- groes, stocks and personal property ol said nstitu tons shall be sold And if in the opinion of the Governor il is necessary to make arrangements for the payment of any part oi the interest the bonds oi the State, he also auth horiscd and required to notify the said officers to meet aforesaid, to de- ,ise and 10 raise funds for the payment of the sald interest; and when so convened, the Governor with majority of the said Boards, shall make ar for the sale of the said property, and de- ,ise and adopt snch means for the payment of the interest on said bonds their opinion the inter- est of the State may require.

 The Slh section provides that the acts of the Legislature regulating the presentation of claims to the representatives of deceased persons, shall not be held to apply to debts due the sad Bank ant Branches.

 You here have these two propositions, which have occupied the time of lhe House for hee days almost to the exclusion of every thing else. Othel propositions have been brought forward in the speech es which have been made, in the discussion ofthest two plans.

 Yesterday afternoon MT. Watts, of Butter, Mir Walker, of Lawrence, Mir. Groom, of Greene, ane M- Jemlson, of Tuscaloosa. each addressed ths House this subject, and the committee of thu whole is still engaged in the discussion. When the, do any thing sufficiently distinct to give me reason able clue to what the result will be you shall have the item

 Last nj ght the evening was consumed by the bil to attach small portion of the territory of Green, couny 10 Perry, tie delegates from each county do rg manly battle, the defence of their ancien territory, the others for the claim they up for ih, annexation.

 Mir. SeawelI has brought forward bill for the re ~ef of the creole population, which provides, tha that class which der ives their descent from Frencl and Spanish subjects, who inhabitants of ths province of Louisiana before the treaty of Paris O 1903, shall be exempted fro@ the general operation of the laws of this State in relation free person, of color; and protects them in the acquisition anc enjoyment of property, and personal freedom in go ing from and returning to this State, in the prosecu ton of all lawful pursuits. This matter is in the hands of n select committee composed of the Mobile delegation.