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tercourse could be carried on without the hazard of fiuctuation, or Arrangement of ex- change. It went into operation with this advantage too, that those who were opposed to 1t on principle, as well as its advocates. were disposed to sustain it, inasmuch as it was now chartered by the Government But, with all the aids thus drawn to its support, what was the result' why with the aid ofthe government funds, the peoples money and general confidence to bolster it up, in the course ot four or five years after 1t went into operation, there was general depreciation of the paper of the whole catalogue of banks Tn the United States, which ranged generally from twenty to fifty per cent under par. And Tn addition to these facts 1t Is a matter of record which cannot be successfully con- tradicted, that the principal bank at Philadel- phia, shaved the notes of its own branches at discount of fue per cent. If this system of financiering constitutes what the D Doctorcallsa a sound circulating medium from one end of this widely extended country to the other, 1t seems to me, and think 1t will to every body else, that d sound circulating medium'' IS not the thing the Doctor has cracked 1t up to be. Late experience has shown, that ex- change can and will regulate itself upon a much surer basis, without the aid of the great regulator, than with its contaminating influence. The Doctor however has invoked his beloved brethern of the convention to trust, and stick to Mir. Clay, as the only hope, and certain means, if elected, of creating another United States Bank And these invoca- tons are made too, in the face of the astoun- ding frauds and startling corruptions which have been developed in the winding up of the late one. Can it be possible that ma jority of the American people, will ever again consent to place their money, and their liberty, under the control of an institution so irresponsible in character, so reckless in prac- tice, so overspreadng in its power, and so corrupting in its influence? No they cannot, they will not. Reason experience and common sense forbids the idea

 At more convenient season, I perhaps may take passing notice of Col. Fowler's, address to the convention.

 BOSTON.