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 If the bank should be approved, what will be the effect of the imposition Of branches the currency of the states, The most recent writers (among whom are Galatn and Appeton) say that will be disastrous and ruinous-driying into liquidation or hopeless in solyency all those banks which, by careful management, might in few years he placed firm and solvent basis So plain is il that this will be the effect that il is proba be many whg may object branches for this son alone. The question then Of branch no branch might be settled in this wise and think il settles the whole matter of bank bank Those states, such as South Carolina, whose banks pay specie need no branch regulate their afrs for exchange and their currency favorable they can be. The New England States require regulation Their currency cannot be improved The nonspecie paying states can obtain nothing but Injury through their branches, there fore it is their interest adopt them IL follows consequently that the New England States and one two others be benefited by the bank, and the south and west must have immediate ruin entaed upon them by il.

 branch in Mobile would make quick work of our state bank and give the U. s. Bank influence our currency which state rights and prudent man would wish exerted by any power foreignIo the state

 NEW ORLEANS, Aug. 2l. New cotton arriving freely, but purchases were made except smallest parcels Of old Tennessee in the early part of the week 400 were sold at ei- This constituted the principal business Middling fair quoted at Ot fair fully fair Il ll. Exported du- ring the week 206s b receipts s94 b. of which 5S3 of the crop leaving stock hand of 2 257 bales The business Western produce quite dull, and reduction had taken place in many descriptions of it. The river l3t feet below low water mark, and the number of of the yellow fever on the increase.

 Exchange and freghs without change dull, and quota tions merely nominal.

 TnE CRoPs-It stated in the Charleston papers that the immoderate rains in part of South Carolina, doing serious injury the crops particularly in Sea Islands From all quarters Says the Mercury we hear of the dropping of forms and ut-and the warm damp days, usually succeeding the immoderae ras favor the spread of the caterpillar which already appeared Edisto.

 The vcksburg Expositor gives similar of the crops in Mississippi. II says

 From all sections of the State we learn that the drought has severely injured the cotton and corn. Six weeks ago the prospects for the planter most flat terlng now they are gloomy in the extreme The stalk is exceedingly short and the squares falling off Ma ny of our best planters will make one half crop" In ohio the latest accounts say that the wheat croI is not only short but miserable in quality It will be short at least oneourth of the average result of the harvest. Western Pennsylvania and Virginia bad or worse of Much of the wheat in Tuscsrsw-s Harri son and Guernsey countless weighs only 45 10 52 pounds to the bushel.

 In parts of Georgia the rains have made dreadful ha voc. In the vicinity of Macon il feared that the worm would up every thing. From Houston the same complaint is made of the crops in that vicinity