WASHINGTON, July 1.
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Issue has been taken in the Senate to-day between the two sections of the whig party holding different opinions on the subject of National Bank. Mir. Rives offered his prom, ised amendment to MT. Clay's bill, making the assent of the States necessary to the es- tablishment of branches within their Jurls- diction. MT. R. supported his views m an able and temperate speech, and was an- swered by Mir. Clay, who advocated the ex- pedlency and consltutionalNy of making me branching privilege of the Bank uncondi- tional, in speech of great eloquence and power Mr. Preston supported MT. KIves, and MT Merrick has the floor tomorrow Probably the amendment of Mr. Rives will prevail, and as this compromise is said to se- cure the approval of the President, hope it may.

 The plan of Mir. Clay is indeed far prefer able-it is more manly and traight-forward, and equally reconcileable to the constitution as the great body of the people understand entertained, stand in the way of its adoption, the country must be content to take bank which will be effective in its operation, even. though its charter should concede, or at least fail to assert, principle which Jefferson and Madison held to be established by repeated decisions of the people.

 The message of the President recommend ing Bankrupt Law, transmitted yesterday. was read in the House this morning. IS points clearly at a law the effect of whichs shall be retrospective.-N. Y. Times SS Star:.

 WASHINGTON, July 3, 1s4l.

 Mir. Choate, of Massachusetts, made pow erful speech in the Senate yesterday, in SUD- port of Mir. Rives' amendment to Mr. Clay's, bank bill. He expressed his belieftlut' the original bill couldn't be passed, and as it was absolutely necessary for the present re- liofand permanent prosperity of the country, that a bank should be established, he thought the entire strength of the whig party in the Senate should un;e upon the amendment

 MT. Clay replied, and defended his plan with great animation. Mr. Choa:e reioined, and the debate was continued by MT. Sim mons, of Rhode Island, and Mir. Archer, the the former approving md the latter con- demning the proposition of MT. Clay.

 To-day the contest has been renewed. Mr. Bayard supported the principle of the amendment in speech of some length, and MT. Huntington opposed it. Nothing was done.

 The Distribution Bill has occupied the at- tention of the House almost exclusively for the last two days, and the debate is by no. means over. 0! that these legislators would leave off talking and take to voting.

 The Senate stands adjourned until Tues day. The House meets again on Monday.

 Ibid

 WASHINGTON, July 6, ls4l.

 IL may De said rmphaticaly that Il move-. ment has been made in each branch. of Gon- gresS today.

 In the Senate, the friends of National Bank with power 10 establish agencies indc- pendently of the consent of the States, havo triumphcd. Messrs. Bcrrien and Mcrrick both addressed the Senate at considerable Icngth-the former in favor of the bill as originally reported the latter in support of the amendment on the ground ofexpcdiency,. but maintaining with much force the consti- tutional power of Congress to create Ma tional Bank.

 Mir. Bates took the same view of the sub. jcct as Mir. Merrick, and at the close of his remarks, the question was taken on the. amendment of Mir. Bayard to the amendment of MT. RivcS, giving the Bank the power of establishing an efficient branch in any State and ot continuing it's existence, unless the legislature at the next session afAer the crca- tion of such agency, should express it's dis sent thereto. This, it will be seen, modifcs the amendment of Mr. Rivcs materially that of Mir. Rivcs' requiring that Statc should say yes before il branch could be es- tablished within its jurisdiction, and that of

 

 branch should not be continued in operation. in dotinncc ofa negative given within Iim- itcd time. Mir. Bnyard'S amendment was rejected by vote of 36 to 8:

 The question was now on the amendment of Rives, requiring aaie conSem Mr. Pren- tiss, although in favor of the original bill, was willing 10 compromise, and expressed his intention of voting for the amcndmcpt- Mir. Dixon denird the constitulonnlity of the branching power, however modified. Mr.. White sustained Zealously the original bill; while strange 10 say, MT. Walker, though he declared himself bitterly opposed to all banks, expressed his intention of voting with Mir. Rives.

 The question was then taken on the amendment of MT. Rives and decided in the negative by vote of thirty eight to len, ns fol- lows:

 Yeas-Messrs. Barrow, Bates, Choatc, Mer- rick, Phelps, Prentiss, Preston, Rives, Walk. err, Williams-lO.

 Nays-Messrs. Allen, Archer, Benton, Ber- rien, Buchanan, Calhoun, Clay of Ala, Clay of Ky, Clayton, Cuhbert, Dixon, Evans, Full ton, Graham, Henderson, Huntington, Kerr. King, Linn, McRoberts, Mangum, Miller, Morehead, Mouton, Nicholson, Porter, Sevi CT, Simmons, Smith of Ct., Smith of Ja:, Southard, Sturgeon, Talmadge, White. Wood. bridge, Woodbury, Wright, Young-3S

 Thus the bill remains in its primary shape, and from what can learn, is likely to pass the Senate by majority of ons.

 In the House, affer Senies of tedious dis. cussions and appeals on points of order, tho Distribution and Graduation bill was brought on the fHDiS. f.ornmisfaa oc& ho ,ubolo