For tho Register and Journal.
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Ia the Ledger of yesterday morning, appear some very just reectio&s upon the purchase of Sterling Bills. The suggestions made as to the pl obable safety of purchase of such Exchange in the various con iingencies mentioned, well calculated to arrest the attention both of Banks and of individuals. The subject is now ad before the public, and it would be desirable that [" A Merchant should continue his |" reflections" that the many very erroneous views evertaned in regard to it, should be exposed; and that all should know when there is safety in such pur- Chases; and how Bill of Exchange called "special entities it great confidence than one drawn m the usual mode; whether the produce upon which it is professed he drawn, is actually aad in all cases, subject to its payneni; whether other claims will have preference om of the proceeds of such ship ments; and what eiiose claims are!

 But my present object is to notice the transaction in ot it's risks before the shipmen: Is completed in this port. regrt that individual responsibitie, have been made suk ject of remark by sA Merchant -as, am quite sle, objections enough will be found such operations without such reference being ne cessy; although, 1t s true that the objections bea much greater forces when the only security is the re- spectale characte of the parties making the arrange ment. In order present the subject fairy, let u. take said have actually occurred and whicL i IS supposed is the ordinary in such cascs.- The Bank agr ees to take for purchase of cotton,

 il of Exchaiage upon lAe house to whom the ccttoi is to be con.Ined. Liverpool at such date on sight as may be agr esd upon, and to advance the money make the pare sase on condition that the Bill s uad. specia' wh en the bills of Adins are obtained ioi the vessel, n rder that the Bill of Exchange may so