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The Philadelphia National Gazette of late date, says that the grand jury then engaged in pro- ceedngs relating the late Bank ofthe United States. The Senate ofSouth Carolina has refused to accept the federal pension provided by the Distribution bull of Mr. Cay out of ihe public lands, to be repaid with costs and charges by increased taxes anda protective tariff. There were but -four votes in favor coniinng this new Clay system of raising taxes unequaly, to divide unequay, with the general loss of all the ex- penses of the double process, the particular injury ci

 large part of the country, and the reinstatement of the old American system, against which the south used to contend so unanimously