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on credit, instead of giving a prommissoay note at ninety days m payment, which would be discounted ai the Bunk ai the rate of per cent per annnn en- dorses his acceptance bill of exchange fuF the same amount, and having the same time 10 run, which is sold to the hank discount etiles far eA- ceeing the rate of six per cent, and IS collected al maturity.

 The distinction therefore, between buying bills ot exchange, and diEeounting notes Is rather uce one and the attempt to ''bamboozIe President Tyler in this way, predict will he tailure. The second shape in which this plan may be presented is tO limit the bank to transactions in bills Of exchange between the several states and between this country and fo reign nations. This would be an mpracticable mea- if sanctioned by the President the stock would never be taken. This Is the forlorn hopeSo federalism al present, and day or two wall convince all concerned of it's utter impractlcabllity.

 The democratic senators will support the message of the Presiden. as a veto 1; but feel warranted ln saying that they will unanimously oppose the esa- bishnent of any bank, whatever may he its charac- ter. There have been repeated applications to seve- ral of them to-day by Messrs, Rves and Archer, with view of ascertaning whether their concurrence could be obtained in establishing some klnd bank facility, but they prompt in expressing their de- termination to oppose any thing of the kind which should be attempted.

 Mr. Clay has evidently decided upon his course, let others do they may, and the fate of the Bank rup bill Tn the House to-day is clearly indicative that u VIII oc oHe ot HOrtilit1 tOhuus -" Distribution bill will probably be defeated in the Se- nate, Mir. Henderson of Mississippi made his vote for it dependent the passage of the Bankrupt bill by the House, and it is thought the bill cannot pass without his vote. If it should, however, 1t will be vetoed by the President the ground that the distribution cannot be made without compelling yio- aton of the compromise make up the deficiency in the means for carrying the Government. Thele is chance for the Tea tax bill this session.

 The whgs of this city, as l mentioned in my last |, formed procession about 10 o'clock last night, and with musical instruments of every description, and every variety of vocal accompaniment, marched to the Presidents house, and serenaded him and his family with variety of favorite airs, such the "Rogues March, ,""Clear the Kitchen" Sc. They had large trahrpareney of the President, for the purpose ef burning him in efhgy, but dissuaded from their purpose by the Mayor of the city. This outrage is alike dsgraceful to the rutans concerned in it, and the whig authorities who suffered them to escape with impunity.

 The Philadelphia National Gazette says

 "W We learn that all the members of the cabinet, including Mir. Badger, approved the b and that the of it will be followed by the resignation of them all. The fate of other bills will thus be rendered doubtful, and the consequence of all may be ire conceable division in the administration party"