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6atefia and Itespstgs,oH.=A Mir. Gallat'n has wrlf ten letie, ta Mir. r. Abbott, Jr. Gf Tlcnton, N. J pn ihe subject af resumption of specie pay mehts the banks of tiial staie.

 he following is part of the letter:

 ' In order be able to resuIne specie pasmeuti the banks which have suspended Husl have made t ntc ssary preparations, It Is not matter of opif ion, but mathematical truth, that this can be eiiect ed ln other manner than by dmiuutlon of inc II abilities oiihe Banks, and corresponding cnrtali ment of their own loans and discounts. This la4 measure is always inennyenient to the bprrowers,w call it an injury to the community. The contlnufl suspension of specie payments, and orca'atlon ola Appreciated currency are the general evil and Ne true injury to the community at large. The redf- toa in the amount of discounts is partial evil ,whi falls precisely those who ought tO bear it, sincelt the excess of loans which caused the suspensi4. Two years have elapsed since this took place for 1e second time Ifany of the hanks have not, durinsa period amply sufficient for the purpose, graduab essene, their discounts and their liabilities, as be prepared for immediate resumptinr, 1t IS thfr own fault; and it is far better that of thdn should, G Unnecessary, wind up ther business, ratlir than those which sound and prepared should ct- tiHue tu suspend their payments, and that the genf- al interests should still be sacrificed for the benehlpi l the few. The interest of those borrowers who d. pose resumption may be combined with that of sode Of the banks, either on account of their own emb- rassment, as was the case with the United State | Bank of Pennsylvania, or because they make larsl profits, SD long as they are. compelled to curta | their discounts. In either case, plausible preteno for further deiay are never wanted, and of this w had sufficient evidence prior to the resumption of spe cie payments by the banks of this city,