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The citizeus of Montgomery and Autauga counties seem fully determined to get at the bottom of the frauds which have been perpetrated the state bank and its branches. On the 18th inst. in the former county, large meeting was held, at which q com mittee was appointed communicate with the branch at Montgomery, for the purpose of examining and ,n- vestigatng all discounts purchases of paper made by that bank in the years l840 and lS4i. Resolu- lions were also passed pledging said committee 10 consider all information relating to paper fairly dis counted as confidential. and insuuetng it to comnu- nicate with Mobile and other branches.

 At the meeting held in Autauga, the committee app pointed to examine into the worthless puper discount cd by the branches at Montgomery and Tuscaloosa for citizens of that county. made elaborate and minute report, which is published in the country pa pers The names of all the parties to these transac tions are given, and the aggregate amour. which they consider totally worthless, is about Sso 900 = The committee farther state their belief, that those who recommended this worthless paper, must have known the makers and endarsers 10 have been en- tlrely insolvent and irresponsible.

 In all these investigations, no one can doubt tha. the parties are ac,uated by the best motives. but without circumlocution, ii is equally plain that their proceedings ajudic'al and antagonstc to the law. of the state. This, it seems to us, should be sufficient objection to them, how much good soevsr may be their result. The laws provide efectuall, fur any investigation of the asrs ef the hanks, and for every other purpose which may be needfu tn ss cure the state against the consequences of sheil frauds. Is it not, therefore, most dangerous viola tion of existing enactmen,s for any popular mestni to put itself in the place of those laws; to take ou the legislature the right which 1t holds, and to 1t self up as an arbiter of the business and motives indiyidualsl

 There is another objection to them. They are es sentally judge. jury and hangman. They summon no witnesses on the side of the accused; they rnis no counsel, and they discard that fundamental maxim that one should be considered guilty unless prove to be 90. HH et s

 And although we believe that the motives of mos of those who attend them are good. who knows tha they may not be influenced and moved in the frs place by the most bitter personal malice9

 None feel the necessity of bank reform more tha our own immediate fellow ci,zens, but they think ths to secure it. the only way by purifying our legiss ture-by sending men there who not hound nec and heels to the banks, and who find their inte rest and security. in smotherng all investigation their frauds and corruptions. We must purify tn fountain, if we wish the stream to be clear and un contaminated. 5ssf si -.ssi'.s -.I. ,.. .f, ta s