From fhe Monev Article offhe N, |. HeraId.
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From the Money Article of fhe ~. |. Heraid

 The proceedings at Washington are increasing in

 interest. The sub-treasury law is repealed in the senate and will be so in the house. This will bring the law of June, ls36, or the pet bank system into operation. This system nearly ruined the banks that received the deposites under il. And in the present suspended state of most of the banks, but few are eligible as fiscal agents south of New York. This

 law is meant to be in operation only until the national bank plan can be carried into operation. The pros- pect for this grows more precarious Mr. Ewing is about to submit his plan, which understand is to embrace capital of $50 1000 O0O, the principal bank 10 he located at Washington. One third of the stock to be subscribed by the government The general details of the plan are very restricted general bank movements. Tins will not suit the Clay party, who want a large bank, of extensive powers, and should such bank be passed, the President will veto it without hesitation The President is avowedIy willing to go far the constitution will permit in giving banking character to the Government fiscal agents, but the punder party will acquire no adyan- lages in the proposed change The Secretary of the Treasury in his report has the following passage:

 "The present system is also in many respects cumbrous and inconyenent. It's tendency is to centre the disbursements in some of the Eastern cities, chiefly at New York. That being the great commercial emporium of the United States, is the point at which funds valuable and therefore the most sought; hence, those who entitled to payments out of the Treasury claim them there"

 This is the great objection to the Treasury plan Tn ms OplnlOn NeW IS the great centre of merce and the pivot of exchange operations. The nature oftheir operations and the course of trade therefore, make funds more valuable there than any where else. The remainder of the report is occupied in recommending National Bank, that shall 'sco- operate with the business of the country facilitate exchanges" and "regulate the currency" In the paragraph quoted the objection to the system is that under money is paid where it is most valuable This surely facilitates exchanges, and co-operates with trade Will National Bank "facilitate ex- changes" and "reguate the currency" by paving the public money where it is least waned Such in truth seems to be the argument of the Secretary and as confirmed by his proposed plan of establishing the principal bank at Washington, which will indeed be far enough from the commercial and financial centre

 The annual report of the Treasury Department, on the various Banks of the Union, has been received and from it we have compiled the following table supplying the wanting returns from other sources, and compared with the same items offormer years:-

 We omit the table ofthe Herald, and select the fol- lowing totals, as furnished by the Report of the Treasury department:-