Correspondence of lhe HernId.
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ASHiNGToN, July o.

 The fate of the Bank bill still remains undeter- mined There is very little douh of the rrjecton ot Nil. lsiNes' amendment, and in such an event, MT. Choale, of Massachusetts, declared, yesterday, m the most positive terms, there is t0 bc no BanA For this declaration, Mr. Clay poured upon him w''h the utmost icrocity. The Massachusetts gentleman covered and qaaile before the violence of MT. Clay, when he should have repele his lnsolenre wiiheqaal yioence, even al the risk of his life. The people of Massachusetts are pacific, order-oting, ia" -abi- ding people; hut they will sustain representa- tive who permits their rights be outraged and the dignity insulted in his person. Mir. Choate must DC utterly deficient in energy and spirit, or he would ne'- CT have submitted to the tyrannica insoenee of Mr Clay. The Dictator is man of un,luestlonea conr- age but since ihe lesson t;lui him bv Col hing last March, he maniiests great discrimination m the se lection subjects for the exercise of his bullying dlS- position. His o,ershado~ ing prepomierance m the Senate causes him to forget himself sometimes; put it i'll be seen that he will not undertake To tyianDze over or insult any Senator who recognises the po'nt | of honor.

 The question may be taken upon the pending amendment to the Bauk bill on Monday; but the Se- nate will hardly get to the final soe before the lasl o | the week. There would seem to be nearly an equal chance for the ultimate loss of the bill, and the utter failure of the extra sesslon. This will be something like million of dollars of dead loss; but ii the po ticans and spectators could hoodwink President Tyler and carry out all their schemes, they would ln- I FOAe JOSS ol len tunes tndt dlnOuhts ih"y perhaps, contrive to do little mischief; bat the President, standing behind the constitutions, will block their game whenever it threatens serious inlu- " to the country, nfiaction of the great char l ter. iot ,. g4-H asltr ...sH5

 l But suppose the present session comes to close without perfectlng any of the measures for winch it was proessedly called, who Is to be held rcspon- sble to the people for the expense, and what IS more still their disappointed hopesl MT. Clay, beyond | all cav question. He forced the measure upon the administration of Gen. Harrison, against the better ju gment of majority of the judcious poron of the whig party, ostenshly because the immediate and pressing demand upon the Treasury, and to relieve the country; but in reality, because he dared not risk Mir. Webster with Gen. Harrison, during the recess. He feared that Mir. Webster would ac quire much influence in the administration, from 1 March to December, unless he himself was at the seat of Government counteract the exertons of Mr. Webster, and to interfere dyecty in the dispensa- | ton of patronage. Whatever may be the result of the extra session, therefore, responsibility can attach to the President his administration.

 But Mir. Cayis great on compromises, even at the last moment particularly if he has any thing to gain thereby, and it would not be strange, if, after mak ing desperate fight against the Cabinet scheme for iscala agent, he should yield with good grace, and direct his tail in the Senate to go for the amendment of Mir. Rives In that event, the plan prevails, the distribution bill passes, the loan bill passes, the tariff question is deferred until the regular session, and Congress adourns the first week in August. If not, ] there will be the devil to pay. We shall see.