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 observes, che was an officer of the war or 1912 with Great Britain, and was one of the gallant defenders of Fort Sandusky; subse- auently served in the Creek war, under Gen. Jackson, where he acquitted himself in such a manner, as to give entire satisfaction 10 that distinguished chief.'

 Correspondence of the W. Y. Erpress I WAsHINGToN, June 5. OPPOSITE BANKS AND BANK NOTES. 1 MT. Wright, from the Committee on Fl- nance, in compliance with the Senate reso- 1 lution of MT. Webster, of the Slst ot May,

 intimating inquiries as to the competency of 1 the Secretary to use as Repositories, and to receive the notes of banks that, since the

 passage of the deposite act of July, 1856,

 had suspended specie payments, or had is- sued notes of denomination less than five dollars; and also, as to the expedlency of so modifying that deposite act, as to autho- rize the reception of the notes of the banks that had issued such notes, made report on { the subject, and moved that it be laid on the table, and printed. :, Subsequently,, on the call of MT. Norvell, 1 the report was read from which 1t appear ed that the majority of the Committee consl- dered it competent in the Secretary of the Treasury, both to use as Repositories, and to receive the notes of banks that had merely suspended specie payments, but to do neither in regard to such banks as, at any time since July 4, 1886, has issued any notes of less denomination than five dollars. In so much of the report the minority of the Committee were understood to concur. The majority of the Committee were further of the opin- ion, in which the minority did not concur, that any new legislation on the subject would be inexpedient, at least till the fate of the Sub- Treasury Bill should be finally decided. as any such legislation as that proposed would interfere with the provisions of that measure and would also be acting against the already expressed will of the Senate, in passing the Sub- Treasury Bill.

 MT. Webster made some remarks, in which he referred to the fact, that the revival of the Sub- Treasury Bill in the House of Represen- tatives, had greatly agitated and alarmed the community, and affected business in all it's branches. It had been hoped that the Bill was abandoned, and the public had acted upon this belief. He spoke in favor of carrying out the intention of Congress for the relief of the country. .Mr. Benton said that the remarks of the gentleman were intended to intimidate the House from the discharge of its duty; and he spoke of the alluslons of Mir. Webster to the revival of the Sub- Treasury Bill, as ir- regular and unparliamentary. Bank hosti- lity, and bank warriors, and bank combina- tion were now more apparent than ever, and furnished an additional reason for the sepa- ration of the Government from the banks. The cry of every opponent to bank domina- tion ought now to be action action! action separation! separation separation! if the session lasted till dog days, or till it was time for Congress to come here again. The banks had announced, through the Senator from Massachusetts, their intention to scourge the country.

 MT. Webster said the gentleman's remarks were a warm and undue repetition of the ar- guments urged since last September in favor of the Sub-Treasury. He (Mr. W. had spoken of what was open to the knowledge of every man, that this revival of the Sub- Treasury scheme had affected business, stocks, and exchanges. There was no trea- son nor irregularity in alluding to this fact. We could not recur to what was said in de- bate in the other House, because they were not here to answer to us but it was perfectly parliamentary to allude to the action of the House. Besides, this was the great scheme of the administr alton, in which every one was interested-one of which every one had right to speak. The eyes of millions of l our fellow citizens were turned toward us, to sec what we were doing, and he could say 1 that the country had entertained the hope that the Sub- Treasury Bill, which went from this House three months ago, and which the House of Representatives had not been for | ward to act upon, would never be heard of again. This opinion was strengthened by the fact that the two Houses took up one 1 portion of the Sub- Treasury Bill and passed | it by an almost unexampled majority. It was fair to presume, therefore, that the coun- | no hn n tad hVyN val of this measure by the House.

 MT. Benton pronounced the last remarks of MT. Webster to be denunciation of the House. It denounced them as agitators, upon the report that they were about to pro- ceed in the regular discharge of their duty. Mir. Webster replied, that he would not allow such perversion of his words and meaning by any one here; for, however lit- tie effect it might have, he had learned that it might elsewhere be used with great effect. He said thata revival of the Sub- Treasury Bill would produce agitation; it would cre- ate alarm, apprehension, and new uncer- tainty as to business. As to the House of Representatives, they knew him too well to obligations. But they were able to take care of themselves" non tai 0urillio eget."

 Mir. Benton and Mir. Webster added a few words, when,

 Mir. Webster, in the course of the debate. gave notice that. in consequence of his diff. fering from the majority of the Committee, he would ask leave to introduce a bill to provide further for the collection of the re- venue, embodying his views of what ought to Do done on this subject.

 MT. Niles spoke at length in regard to tho designs of the Banks.

 The report was finally ordered to be printed.