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Important Legal Decision-We learn from
the Mobile Advertiser, that question of great
Importance came up on the 18th instant, before
the Circuit Court of the United States, sitting in
that city, and was decided by the Court, Judge
M'Kinly of the Supreme Court of the United
States presiding. The Carroton Bank, a banking
company chartered in Louisiana, purchased in
Mobile, through an agent, bill of Exchange.
which being unpaid, the bank brought an action
against one of the parties to the BILL The Court
decided that a bank corporation of another State
could not make contract in Alabama, for want
OF capacity to contract, and therefore, that the
Bank could not recover on the bill. The case
will go up, it is added, 10 the Supreme Court Of
the United States, where the question will be
settled.