General Jackson has proposed another source of national revenue, in the establishment of a bank; the profits of which, instead of going into the pockets of stock-holders as at present, should be placed to the credit of the nation. If an establishment of this nature could be formed, without involving higher interests than the mere pecuniary concerns of the country, no doubt it would be most desirable. But how a _government_ bank could be so formed as that it should not throw immense and dangerous influence into the hands of the executive, appears difficult to determine. If it be at all connected with the government, the executive must exercise an extensive authority over its affairs; and in that case, the mercantile portion of the community would lie completely under the surveillance of the president, who might at pleasure exercise this immense patronage to forward private political designs. No doubt there have been abuses to a considerable extent practised by the present bank of the United States in the exercise of its functions; but how those abuses are likely to be remedied by Jackson's plan, does not appear. For, let the directors be appointed by government, or elected by congress, they must still exercise discretional power; and they are quite as likely to exercise it unwarrantably as those who have a direct interest in the prosperity of the concern. I totally disapprove of the attempt to correct the abuses of one monopoly by the establishment of another in its stead, of a still more dangerous character; and I am inclined to think that if two banks were chartered instead of one, each having ample capital to insure public confidence, competition alone would furnish a sufficient motive to induce them to act with justice and liberality towards the public. In 1766, Kentucky was first explored, by John Finlay, an Indian trader, Colonel Daniel Boon, and others. They again visited it in 1769, when the whole party, excepting Boon, were slain by the Indians--he escaped, and reached North Carolina, where he then resided. Accompanied by about forty expert hunters, comprised in five families, in the year 1775, he set forward to make a settlement in the country. They erected a fort on the banks of the Kentucky river, and being joined by several other adventurers, they finally succeeded. The Kentuckians tell of many a bloody battle fought by these pioneers, and boast that their country has been gained, every inch, by conquest. The climate of Kentucky is favourable to the growth of hemp, flax, tobacco, and all kinds of grain. The greater portion of the soil is rich loam, black, or mixed with reddish earth, generally to the depth of five or six feet, on a limestone bottom. The produce of corn is about sixty bushels on an average per acre, and of wheat about thirty-five; cotton is partially cultivated. The scenery is varied, and the country well watered.