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There quite an interesting conversations few days since, in the House of Representatives al Tus- caoosa, on the subject of ihe .ssinkiag fand,' SO called of tho State Bank and Branches A commit tee was appointed early in the session to report ihe amount of this fund, which they did by stating the aggregate of the sums ill the statements of the sere a cashiers, standing to the credit of that in each Branch. It was then objected this aggregate

 that il fair representation of it, as an elcc- tive ''sinking fund.-; and an effort made have the report recommitted, in order to get the available amount for that object, stated.

 The objection shows that the honorable members did not understand the subject The charter of the Bank provides what shall be denominated ''sink- ing fund, and places il in that condition, that noth- ing determine what is and what is not, available in ii, surplus, but final settlement of the affairs ofihe Bank The nett profits of each bank al the end of the ye.f, caried slle sinking fund, on the books but by law rcaned and discounted np- on capital. They have accordingly never been separated from the other assets of the bank, but coi- tinue in the general mass of discounted paper In making up their annual account of profits, the banks take credit for all discounts earned that among 

 the actual profits appear all the discounts charged every sort of paper mol yet protested. good deal of this IS evidently lallacious. For example, when e1- tension notes were taken for debts known 10 be dout fu, and great deal of it believed to be bad, the notes, although reaching over several years, were taken at once and the of the discount carried 10 the books mnch earned. In year this amount was very large; and the sum added 10 the sinking fnd in the annual statement unnsuallS large. Whenever the bad debts of the bank are finally ascertained, they will be charged frs iht sinking fund; and until they asceraned, il is nb yious that no definite be assigned to ,ha fund There is no doubt, however, that the losse the banks largely exceed their whole sinking iuad and that in efect all the profits of the banks from M commencement, have been swamped.