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A correspondence of considerable inc portance to the commercial world, has been opened between a committee from large portion of the merchants in New York and the President and Directors of the United States Bank. 1t appears that the merchants of New fork, after waiting until all hopes of relief from Congress had expired--met, aad instructed this committee to represent their EieNs Of the condition and prospects of the country. to the Bank--and request aA extension # its discounts for one year, n order to keep up commercial transac- aons. Tbis committee discharged their duty in T alnasserly manner. Ne extract the following paragraph from their letter.

 In the true spirit which should ever ehafacteIpze the intercourse between mer- cantlle men, and the direction of the great organ of commerce, C national baak, fand m tha increased necessity fer such an in- st',uaoas our latter experience confirms our former onnions,) we will frankly state our views le 5e, that the system of restriction adopted by the bank last autumn. should new be entirely abandoned, and m its stead that a course of free and useful enlarge mens of its loans should he substituted, to the extent of five to ten millions of dollars --at suel places, in such amounts, and in such manner, as may most efeetually re- Store the opera ton of the bank to its for ner beneficial influence, and meet the ob- .Jeetproposed, afreviving public confidence, and of giYlng relief and support to a eom- fsanitys accustomed to rely on bank facii-