From the Washington Globe of October 8.
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CINCINNATI, Ohio, Sept. 18th, 1851.

 Dear Sir.-l hasten to inform you of an important decision made by the Court of Common Pleas for this county, this day-a decision which I hope will open the eyes of the people of the United States as to the gigantic powers expressed by the Bank of the United States and the mIschievous effects of that exercise on the community at large. Some weeks ago. person named Cunningham, tried for having Tn possession certain counterfeit notes, purpoting to be notes of the President Directors and Company of the Bank of United States-knowng the same to be forged and with intent to utter" The counsel for the prisoner conended that the indictment ought to be quashed inasmuch as the document produc- ed in evidence was not note purporng to be of the United States Bank, but check drawn by the President of the Branch Bank at Louisville, coul- tersigned by the Cashier residing in Philadelphia It was agreed, however, that the case should be lerred to the jury, and the man was convicted His counsel then give notice that they would move for arrest of judgement-and the lay over till yes- terday, when the motion made, and the polnt argued and concluded this day-when Mir Edward King, in eloquent and impressive speech ,convinc- ed the court that the indictment bad not been sus- tained and the prisoner was liberated

 Mir King in his argument, showed most clearly that the Bank had not legal authority for putting in circulation Bank notes those checks-that no note under $100 could be legally made payable to order that the Bank is completely irresponsible for the payment of those checks-that the Bank had at two 

 authority to appoint two additional officers to sign notes, as the President and Cashier could not sign sufficient number of notes for the currency of the counry-that the request was refused on the ground that by multiplying the signers of notes, facilities would be given to forgeries-that notwithstanding Congress had refused two additional sgners yet the Bank had increased the number to 25-by the Pres- dents of the 24 Branches being authorized by the Directors to sign notes-that this was an illegal stretch of power unauthorized by the Charter, or any other law-and finally, that there is no law of the State of Ohio for punisbing any one for having forged checks in possession.

 Thus, Sir, the whole currency of the Western country so far ten and five dollar notes go has been shewn to be illegal, and the Bank irresponsible for their payment And, also. that there is no way by which any punishment can be inflicted on such villains may have forged checks in possession with intent to utter them.

 have understood that 15 persons were convicted last Session of our Court, and are in the Pen- tentiary, with many others from various other coun ties of the State, and who will no doubt, be let loose upon the public as soon as this decision has been made public.

 am sorry that time will not permit my further observation of the mischief arising from this state of things but perhaps you may hear something further after next Saturday.