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In late debate on the question of banks, in the North Carolina Legislature, MT. FISH FER gave the following 1udicrous account of the manner in which fraudulent expenditures are managed in one of the Western States, for the purpose of evadng the payment of the Capital Stock into the vaults of Bank.

 "Sir, who ever heard of bank established on any other than specie basis? ? No one certainly He begged the gentleman's par don-he had once heard of such bank es- tablished somewhere in the western country in Kentucky he believed, during the rage for banks in that state. By the charter of that Bank, the capital was to consist of Rae coon Skins. to be pad in by instalments' offs" many the season, as they could catch lem ne supposed. Accordingly, the first two or three payments were made in real bona t6s Raccoon Skins; but, as the story gOes,tOwards .he last, Coon Skins began to grow scarce on Green River, as specie did im North Caro- lina, and then the stockholders were put to their shifts; however, they managed to get round the charter by splicing RacOon tails to 'Possum Skins"