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NATIONAL BANK.-The following is an ex- tract from new popular treatise on banking and currency in the United States, by Mr. Appleton, of Boston

 "Another ground pui forward in favor of Ma tonal Bank, embraced by large portion of the com- munty, is its necessity as regulator ol the currea- cy. For this purpose, large, magnificent bank IS wanted, bank with capital of fifty or one hundred millions of dollars. To such bank there deci- ded objections. As a regulator of the currency il IS of doubtful utility. Banks issuing paper currency ale established by the authority of the different States. They furnish currency having no legal character but having conventional circulation all sing from it's convenience. These banks are good Or | bad institutions, according to their management. A bank which uls it's promises by payng Its notes on demand, readily and cheerfully, and furnishing cap tai those ~ho need il, is good; but bank which asks for credit, whilst il bellies it's own promises, sets an examllc injurious all sound morals and s a great evil. But the fault lies in the community which loerates such an abuse. Pubic opInion should prescribe the remedy It 1sa meant holy iact that there Is little security for the good conduct ol banks, but in the power of coei zion by law. It was legal coercion which brought the country banks of | New England to sense of tlcr duty Tn lS0S, when they had introduced system of evasion or delay or payment of their notes. IL the penalty ot two per cent month, enacted in lSlO which has insured their punctu;litv since that time. lt IS moi too much to say that it was the legal penalty of forfeiture of charter, and the belief that the law could not be changed which secured the resumption in New York | in lS3S IL is owing to the unreasonable relaxation ofthe laws in Pennsylvania, that PhIladel ha is still suffering unCer depreciated currency. When pub

 lie opinion reaxes this power of c"ercion, under the influence of the debtor portion ef the community, giv ing the hanks sort of immunity, il Is cert,inl, Il bad state of things. This is present state. But the evil will work its own cure. A National Bank has no direct power of coercion. It can only act ly moral force-the force of good example-upnn public opinion. With a correct public opinion, il is who'll, unleces sary."

 The universal belief is, that national bank will fnnsh remedy for all these present and prospective et,ls That such IS not the opinion of MrAppleton, may be by pernsa of this essay, which merits, think, the attentive consideration of every whe feels interest in the future welfare nf his cuuntiy. That a national bank effect any good while the currences of the several states in their present condition, is, we think, gross delusion; and we are glad to be sustained in that opinion by man of so much character and influence as Mir. Appleton, and we apprehend that such will be the conclusion of other minds if they will only look into the subject with the care which, frsm it's immense importance, il truly merits.-[Boston (Whg) Courier,