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oI1 ft... "'' paper money, as bad a,

 oia m OontLnental-Congress knew th;s-~ba IT I 'hey Knew that banks, we'll managed. VI. + q sood 10 the country, and the only wal r 0 AeeP ein from doing evil was to make onf s 70 keep all the rest in order, just like the e nalahee wheel of a watch, or the pendnln,, t oi a clock; take them away and vo,, sos, . y "izzen right off. If any man says Con. y efess has no right to make bank for th;s s purpose, l should like him to show mo where It IS said in the Constitution tl,st r congress halnt got the right Can't Con gross pass law, sayin that no steamboat shall De made with biier down n tbe md dle ont !-or pass any law regulatn s,ea,n. oeals for the safety of lives and propertv-. ana why not3 because there aint poth;n ;n 'he Constitution agn Ii, and if Conoress 'links the public good requires ii, they can do H--Iust as they have got the rieht of saying no toreyner shall vote at elections unless he has been in the country certain 'llne-or that, no foreyner shall own vessels With our aag--or that no form vessel sbali ao any ot the coastin frade, and so on.

 put what lifts my dander most. is. that sief4 folks as Mi. aa Rasen and his nariy say that Congress has got no right to make bank n which the hull people own one. mn part of the capital and profits. and af lne same tune go for hnll batch Of Stale git finger, when tne rsssiflAer,,t.- plain as 4 B C, that no state shall have the right to issue Bills of Credit" but that Congress shall have the right to 'sregulate ttie currency" Now if 9 bank bill aint Bill of Credit, should like 10 know what kind of a efitter 1t is.. And if folks find pa per money sometimes. more convenient than hard money to send about the coun- itry-iust as they now find steambeats more sartin than sail boats--then fl paper money aint cagrency, what on earth IS t?

 Let two iist sich Gountrys as we have, be put right along side of one another-and jet one use hara money and Saii boafs, and tother use good safe bank paper and steam boats, and see winch will go ahead fastest.

 IL is a pagv curious piece of business when one comes to think ont, 10 see how things have got twisted round right rong eend first on this Bank question-and to understand it, must tell you that story about old Squire Peabody.

 When the squire first went down to Soc co, he bought a considerable of farm, and seein it was more than he wanted to fence in at first, he let 8 good piece ont go out into commons, and all the neighbors used to paster their cattle ont; but to right, the 1 Sqnire's boys began to grow up, and one of l his sons, who had been sludyin with lawyer Joslyn he come home, and just about that time the neigbbors had caif'd town meet ing about this commons, and past resola- tions, and one of these resolutions said, that seem Squire Peabedy's farm lay yight along side this commons, and other folks had to drive their COWS over three miles to pastur ont-squire Peabody ought either to pay the difference for pasturin his cattle. CT not be allow.d 10 have any cattle at all ont, and Ezra Gieasing. that squint ey'd chap, you've heard me tell on before, and raie politician, he went so far IS to give a toast down in the bar room, arter the meet

 in broke up, saying- Etarnal hostility aein old squire Peabody, and his cows, and that the honor of all the cattle in the neighbor- hood reqqir'd it.

 The Squire was a peaceable critter as ever was, and never did nothing without Law on his side--and his son bein now along side on him, as soon as they heard of this, they begun to muster up the old deeds, and got the cumpus and sufveyin chains, and the next day there was terri ble to do all about Socco, when folks be- gan 10 see the posts and rails goin up round every acre of that common, for there ware't an acre ont that the Squire hadn't paid for years ago. So arter the Squire show'd em what his right was, and they all had to knocl, under, he let em pastef their cows on the common as before-but to keep em from taking too many liberties, used to turn in few of his old ring tail foarers, list to keep the rest in some klnd of order, and so that all should have fair play.

 Your friend,

 J. DOWNING, Major, Downingslle Militia, 2d Brigade. am gon to Saratogue in day or two, to see what is goin on there among the folks of the aert Gogerament--Zekiel Big