Mobile register and journal., 1841-12-22
Correspondence of the Register and Journall

TUSCALOOSA, to h Dec. ISll.
 GENTLEMEN-I never had much hope for the i'm proyement of the State Bank system and what had is vanishing looked with anxiety to the action of the Legislature on some ofhe plans for changing the mode ofclccting direcors-so obtain of the bene- fits of better management than have had; but that hope, too, is failing. The only bill yet offered, that provided any thing in this respect is that which pass ed the Senate some time ago, giving the Governor the power of selecting class of eight of which the two houses should select fourrequring vote of two-tLirds to make an eection It went 10 the Bank Committee of the House of Representatives, who in- sruced their chairman to report the bill ncxpc- dient. The chairman did so; but made minority report for himself, which goes on the journals. un- derstand it to be strong remonstrnncc against the system of election that prevails; and in that he is evidently rightlhough do not believe that change would materially improve the Banks, though 1t might check the rapidity of their downward career. The members will not give up the valuable privilege of selecting directors--whch has been shewn by late incidents, to be capable of being used to much profit, and is subject to many ont-door influences that touch members interests, those of persons in whom he is particularly interested.
 The increased belief that no change in the mode of election will occur, is ehecting changes of opinion among intelligent members; and have heard many lately desrous of continuing the system, now declare themselves for winding it up altogether The chair man of the Bank Committee in the House, is now in vor believe, of closing the Branches at Mobile, Montgomery, and Decatur. The project of substitu- ting stock Banks for these, finds favor with good many To this effect, is bill you have seen, intro duccd by Dr. Ware of Montgomery. can readily foresee, in this Legislature, its fate.'
 report has been made in tue Senate and printed, giving an account of the settlements made by the State Rank and Branches during the past year, in which real estate was taken m payment. send you
 copy. That part which relates to Mobile. is curious and you might publish it to advantage, If you have room There are some instructive lessons to be ga- thered from it, by persons who know the people of Mobile and have studied the history of the Bank ma nagement since the beginning. only wish they had not limited the case the year lS4l; and cannot yet understand why It was not general.
 Calls have been made on all the Banks, to shew their settlements with Bank attorneys It alleged here that very large in the hands o5 attor- news who have been removed otherwise changed; and tina. this is the in several places. have heard mpuiatioa against any of the Mobile attor- neys-stll tho call is general.
 The Commencement ceremonies came on sth Dec. The audience was large and brilliant, containing 9 great number of ladies. and the exercises gave much pleasure. We have already several members of the Legislature, graduates of the young University, and ere long, the University will supply graduates enough to fill our halls
 am told that Col. Lea has introduced Bill to repeal the law passed the Extra Session, in favor of tl,e Stock Banks of our ciy. This would restore the demands of the relief law of 1887, requiring them to have large amount of specie in their vaults, when they had no circulation to redeem. l don't under- stand his object. 4
 The city charter Bill has passed the House. Your Whig representatives. R. c. McAlpin, and Erwin, did what they could to defeat it, but in vain. They wasted two or three speeches, and that's all.
 A Bill was passed to third reading, but has been lost by the passage engrossed rider, ,ntroduced to defeat it, with the connvancc of your Whig repre- scatatives. It was entitled "to prevent frauds at elections" The rider WIS believed to be unconsti- tutional and ile Wings most of them after voting to put it in the Bill voted against the whole bill, on account of the unconstutonality of the rider! twill he tried avaiu.