Extract of letter to the N. Y. Ad'. dated
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Il mentioned to you in my letter of the 18th

 inst. that if was to express my opinion as to

 the course MT. Riyes would pursue, on pre-

 senting the resolutions of the Legislature Ot

 Virginia. it would be that he would resign

 The events of this morning have proved the

 correctness of the opinion then entertained

 and expressed. Mir. Rives on the opening Ot

 the Senate this morning, ln speech Ol aoO"t

 twenty minutes, OR presenting the resolutions

 from the Virginia Legislature, took occasion

 to remark on the relationship that existed, U"

 his estimation, between Senator anu the Le.

 gislaturs of the State that elected him; and

 avowing that his opinion was, the Legislature

 had a right to instruct, and according tO his

 nolitical creed, the Senator was bound to

 obev. or if he could not cOHscientiOOsly dO

 s,, he was bound to resign and having said

 he could nOt obey, he gave notice he should

 resign his seat as SenatOr. The annunciatiOn

 was in excellent style. and MT. Rives retires

 highly esteemed by all as man of talents.

 As to his political course, there are different

 opinions. It IS matter Of astOnishment,

 that a tnan of his discefument. a representa-

 tive from Virginia, protsssedly jealous Of

 usurpalion of power, should adhere tO a man

 destitute of intelligence. and wholly 0nre-

 strained by law or constitution. And yet so

 it is, and SD it has been with others. All of

 those who have been in the Cabinet, and

 have been removed, adhered to the Presi-

 dent, in some instances, for considerable

 time, while in other instances their expulsion

 was too rude and sudden to admit of much

 reflection, when they were satisfied he was

 wholly unft for the station he occupied.

 How MT. Riyes will dispose of himself; or how he will be provided for, is uncertain. The Presidents friends have requested him to take the stump. and endeav0r to reclaim Virginia. MT. Rives is not stump man and if he were, Virginia is not to be ssumpe6 out of her senses. He hopes for favorable when his voluntary sacrifices will be reward ed. If the arrangement is to take up MT. Rives for Vice President, then he " wll not g0 into any of the Departments, if a vacancy I should be made. And the reason why l think he will not, is this-I believe, if he l wishes to be Vice. President, he will throw ] himself upon the sympathy of the people.-l He will hope to win Virginia by having pro-t we'd himself to be obedient to her wishes. If he does not contemplate to run as Vice. Pres ident, he will be taken into the cabinet. when: ever any vacancy shall happen.-N. r. Adv.

 Washington Monday Morning.

 Since the annunciation iD the Senate on Saturday, by Mr. Riyes, and which is vir- tual resignation of his seat in that body, we have had much speculation as to the c00se- guences. political and otherwise, which will result from it. Mr. R. has done that which he conceived was only what an honest regard to his obligations compelled him to do; and yet what a satire is presented on the conduct of the large mass of politicians heres by the naked fact, that for this simple performance, by an elevated person, of what he e0nceivss to be his duty, he is lauded to the third heav- en-aye, from the President and Vice Presi- dent through the long list of all the other of. ficiais here, he has received the highest marks of their ,approbati0ns and his hOUse has ex. hibited since pelfect ievee's The President almost inamediaiSly or the fact bring com- municated, under his sign manual and c0n- gratulatOry, requested perfnission to be ai- l lowed to nominate him for the first vacancy | that should occur among his confidential ad- yisers. Before response could be given, or he had time to say non voto episcepGri, the President and his Vice pay hinA a visit, Sxc. Mfr. R., however. it is understood for the pre- ,ent, declines all office: he waits to see whether the wheel is turning round, as "the ! Party fondiy calculate it is, tn Virginia, in of the Executive usurpation. and which may lend to his re-appointment to the l Senate; and which event, if IshoulA occur, would be to him and them . triumph indeed. But should they be disappointed, as they viii be, as 1t is the general opinion that DIr. Watkins Leigh will be appointed. then--as MT. Secretary McLane has place on the judicial bench secured, in the room of MT. Judge Dusal--Sho, from old are, is l desiro,,s to resign--Mr. Rives,wisl come into the Cabinet as first in confidence. as he csr. tainly wiM not be least in character and talent. His resignation now leaves constitutional majority of two thirds in favor of National [ Bank of some sort. Tn the House there is a l majority, and increasing daily, of twenty or live and twenty fOr the same; and it is in this way the deserti0ns from the thraldom of E party are first made, which wiif he verified

 vote shall be take0 in either House 'n the resolution deeiaratory of the opinion # Congress upon the reasons of Secretary Fancy for the removal cf the deposites. Ii Q not generally known that by the adoption Df the simple declaratory resolution of their insuficiency, the Veto PolCer of the President s Of no auail. The b0ldest champion for the 'ights claimed for the Executive, has not denied he right of Congress fo haya satis factory req. sons tor the removal presented ta them. Up. Fl gn this, therefore. nsav wiil he determined sha proposition to recharter the old, or to 'ropoSAia bill for new bank. MT. Webster. ] answes to question by Mr. Forsyth on seturdays ]" why Congress did not act instead pf. salks and shy he opposed the design of soyesnment tO return to a hard mOney cur .asSmu nc ha aN,,lA v..~A .w....e~ ak ~ eI