ng and decided conviction that the usefulness and stability
of such an institution will materially depend upon a steady and
undeviating adherence to the policy of excluding party politics
and political partisans from all participation in its
management. It is gratifying to conclude this branch of the
subject by stating, that the affairs of the present bank, under
the able, efficient, and faithful guidance of its two last
presidents and their associates, have been brought from a state
of great embarrassment into a condition of the highest
prosperity. Having succeeded in restoring the paper of the
local banks to a sound state, its resources are now such as to
justify the directors in extending the issue and circulation of
this paper so as to satisfy the wants of the community, both as
it regards bank accommodations and a circulating medium."

The committee, coming immediately from the people, are somewhat more
likely to have accurate information on this subject than the president.
We have heard of no recent collisions between any state and the bank;
and those which formerly took place with the states of Ohio and
Maryland, respectively, have been long since settled in the Supreme
Court. The people of Tennessee, too, once objected, through their
representatives, to the location of a branch bank in that state; but a
subsequent legislature, believing that they better understood the
interests or wishes of their constituents, withdrew their opposition,
and the branch bank which was therefore established, is now in
successful operation. The legislature of Mississippi, in like manner,
has, within a few months, repealed a hostile act passed two years ago,
and invited the establishment of a branch. The executive council of
Florida, has recently requested a branch, and we understand that there
are numerous applications for branches from all parts of the Western and
Southern states. Surely the people of these and the neighbouring states
cannot seriously object, that a portion of the moneyed capital which has
been accumulated in the Atlantic states should be brought among them, to
encourage their industry and facilitate their trade--to enable their own
merchants to give them ready money, and a somewhat higher price for
their cotton--to furnish one man with the means of building a
mill--another a manufactory--and a third a steam-boat. We cannot believe
that they are such