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correspondent in the country enquiries of us, whether have heard of the plan of fiscal agent which the President might suggest in his next mes- sage to congress-it is bank based upon the public land proceeds, with the of the Stafes and board of managers or directors in Washington, and agencies in the States, created by the state egsa

 tures," &c. &c. We answer that had heard of no such suggestion; but the very same mail winch brought us his letter, placed in hands the Salem Gazette of the 2d instant, giving letter from Wash ington of Oct, 25, and furnishing the details of the scheme in question. The capital to consist of fifty millions, to be " hired by the States, and the pay

 ment of it by the States to be guaranteed by the U Statesthe proceeds of the public lands to be pledg- ed by the States security for the payment of the principal and interest. The said Bank to have the privilege of discount,' $c. We learn since that fhis notable scheme has emanated from the teeming brain of John c. Spencer, who will lead Mir. Tyler into intrigues and difficulties enough sink him for ever-ifhe should be infatuated enough to listen to such a councillor. We do not believe it possible that he will adopt any such plan, which is at war with the principles of the two veoes, and is abhor rent in its theory, we'll it's machinery, to all ideas of limited federated rePublic.-I Richmond Enquirer. ei-i-7i E