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important Decision.-A question of great i'm
portance camp up yesterday before the Circuit
Court Of the United States, now sitting in this
city, and was decided by the Court, Judge Nc
Kinley, of the Supreme Court of the United
States presiding. The Carrolton Bank, bank
ire 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 of the bill


The Court decided that Bank Corporation o.
another State could not make a contract in this
State, for want of capacity TO contract and there
fore, that the Bank could not recover on the bill
The case will go up, we understand, to the Su
preme Court of the United States, where thu
question will be settled.


The above decision has produced great excite
ment here, and is the subject of general converse
ton and alarm. Its ruinous consequences, if
be sustained, can scarcely be imagined. d.-Mobil


Chronicle.