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BALTIMORE, March 26.-A letter from

 Washington was published day or two age

 in New York paper-the Journal of Com

 merce-statug positively, that Air. tai,

 houn had devised plan for new National

 Bank, which would wholly overcome thu

 scrupies of the Southern representailves, and be generally acceptable: that 1 had been submitted to Senators of both parties, and been highly approved of by them, par. ticularly by Messrs. White and Grundyi that MT. Clay had adopted the plan, and t was known, certainly, that Ii would pass lae Senate by more than two-thirds, and con fidently believed that it would receive tue votes of two-t thirds of the House.

 In reply to this rumored impossiblllty the National Intelligencer of this morning saI' that there has been no such understanding among the Senators as is represented 'na even if measure of relief should pass lne Senate by vote of two-thirds, there IS no reason to expect that it would pass le House of Representatives by any such s9ls'

 Lot and that it Is idle to expect any such felIti from Congress until it is called for by Popf, lar demonstrations, or by the exercise " fhe electiue franchise.

 The elective franchise, on the ballot oos' seems to be now more looked to than any hing else by the opposition journals anu al advocates of the Bank. Mr. Duane, lnns address te the a.:c s.:c meeting i, ph!ladelpl,a' old them that their only hope was Tn ns ,allot box. If. this is the general lmpTes, E, ion, the present session of Congress VII not be so long as was antlelpa'ea' Enc people will not again have all oPpolla', '' ity of exercising the elective franchise e sla' view to change of representation n oop ress until after the expiration Of next ss' ion--or for more than eighteen mon'ir' uring which time many changes may 'an; lace, and probably some in the oplDIoals lembers of inc present. House, aiferre'a'u lg to their constituents.