BRANCH BANK STATE or ALABAnA.} [

 MOBILE. June l9. is5s. {
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MOBILE. June l9, fSaA. ! " HEREAS, certain specuauous and rniip,s W growing out oi d transaction al r. Shaw lt t1. with this Institution, having created eau-i eraoit aN- citenent in the public mind, and some of Ile papers having undertaken to give statement oi the cla= c ter of the negotiation, most of which Is aneunlca n fact,-

 Be it therefore ordered by the Board af Directors of the Branch of the Bank o the State qf Alabama at Mobile, that the following facts c1nnrcfrd win thc transaction be laid before the pnble the same bems as well due F. Shay & Go, as to those who weID officially associated with the Bank al Che tlmr ai thIs negotiation. On the first day ut December, lSiO, .t proposition was submitted by F. Shaw & Go upon which the following action of inc Board was had anj agreed to by F. Shaw S Co. under which these hf.s were taken.

 ''F. Shaw & Go. Bills al sixty days sight on New York for $l00 900, in tO suit them, to be taken at per ct less than rates at doors, at the time their bills may be offered with lcttgf u credit or an endorser and their five months date Sterling at per cent less than current rates ou of doors-bills to be either Speeiai or Dd9rsol.' The above is true extract from the minute y! the B3ti

 The bills of F. Shaw X Go. were taken uader this agreement to the amount oi SSj,Ooj on New ore. and $lO6,222 2l on Liverpool, acceptance Waeed.

 That there existed any other understanding, enier expressed implied, in relation To the negotiation of these bills, Is false. Each member of the iiadid. together with the Cashier and other officers of the Bank, prepared to be qualified thtt there nu other understanding with r. Shaw S' Go, touching said negotiation, than the one above referred.

 It of course expected then, these bills wefo to paid at maturity, and being special were predie;ts1 upon shipments of cotton. The bills taken on New York promptly paid at maturity, but the Pre.l- dent and Cashier, upon calling upon the junior ragt- ner of the house, Mr. G. Horton, were informed by him that cotton had been shipped 10 Liverpool, provision made for the protection nl these bills on Liverpool, and ascertaning through their Liverpool agent, A. Pope, Esq. that the drawers of said bills, Messrs. Brown, Shipley S' Co, had informed him information had beenreceved by them from the draw CTS, Messrs. F.Shaw SS Co of such bills being drawn upon them, or of any arrangement having been made for their payment. It was therefore detcrmined tue der this of facts, the agent of this Bank in Nee York, Jno J Palmer, Esq be instructed to call o4 the senior partner, r. Shaw, Esq then in New ior6 and arrange with him for the payment of these blIls in such manner as in hs judgment would be most conducive the interest of the Bank, which he has subsequently done. By order of the Board,

 june2l 9u B. GAYLE. Cashier.