From the Flag ofthe Union.
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From the flAg 1.-the unlon.

 The Federalists in this State are playing deep and sly game at the present time, that will go to de- ceive nany honest democrats unless they forwarn ed and put upon their guard It is with reference to our State banking system the game is playing; and the trick is this. All the federal papers crying down the system, and Justify asserting that it must be wound up. Some of them, (the Mobile Advertiser for instance reckless of truth that "there is not single newspaper in the State but what openly denounces the system. All agree that il is bad, and that the Banks should be wound up as speedily as possible"

 This is not ,rue-all do not ''agree that the banks should he wound up as speedily as possible" We have never advised such step. On the countray we think it would be foolishy impolitc and absurd to adopt such policy. We have condemned the sys- tenn, and shall continue to do so. We would con- denn any system of banking, that organized and conducted as to let such fellow as Charles C.. Langdon, editor of the Mobile Advertiser, become in- debtsd in the of nney ouse,d dollars, there to stand forever bad deM. Such system must be radically wrong Such is State bank system. It designed for the benefit of the peope but it has fallen prey to loafers, knaves and swimders. We will not entertain the idea of winding il up at this juncture, and leaving honest to pay the debts sf set of scouudrel bankupts. We desire to see the system remodded, and farther attempt made to extort portion of their i'll gotten gains from those who so largel, indebted to the people. We be- eve the thing he practicable. Under the pressure of legal they could be made to bleed and dis gorge for lle good of the banks and the people.