Why should Congress release Arkansas from the payment of her State obligations? Why thus justify the repudiation of her bonds? Can any other reason be assigned than this, that Mr. Jefferson Davis was looking to the repudiated bonds of Mississippi, and was endeavoring to establish a precedent, by solemn act of the Congress, by which, if adopted as a principle, Mississippi, and every other defaulting State, could be justified in the repudiation of their bonds also. It is to the credit of the Congress of the United States, that Mr. Davis's resolution was rejected without a division, and without a count. When it is recollected, that at this very time, I, as Secretary of the Treasury, was appropriating the five per cent. found payable by the Government to the State of Arkansas toward the liquidation of these bonds against the protest of that State, the further meaning of these movements will be clearly perceived. Had this resolution of Mr. Davis passed the two Houses of Congress, absolving the State of Arkansas from the payment of these bonds, I could, of course, as Secretary of the Treasury, no longer have withheld that fund from the State, and appropriated it, so far as it went, toward the liquidation of the interest accrued and accruing on these bonds. It appears, then, by conclusive and official evidence, that Mr. Jefferson Davis's repudiation of State obligations, was not confined to his own State, nor even to the State of Arkansas; but that he desired to make the Government of the United States, by solemn act of Congress, a party directly sanctioning such atrocious violations of State faith and State obligations. R. J. WALKER. APHORISMS. NO. III. TWO RULES.-To get safely and comfortably through the world, one must observe two rules: first, keep your eyes open; second, keep them shut. Not to see the actual realities of our daily existence, is the part of a fool. Not to notice the thousand and one petty faults of others, and the ever-recurring petty annoyances of our circumstances, is the part of a wise man. Even injuries intentionally done to us, are often best disposed of by resolutely ignoring them. So of evils that cannot be remedied--the less we know of them the better. Not to see an ill sight, is often just as good as to remove it from existence. We need only to add: This seeing and not seeing, depends very much upon the will. The wolf that wills it can easily see the lamb disturbing the water that he drinks, even while the lamb is below him on the bank of the stream; and the lamb, by a stern resolve, can refuse to _see_ the injustice which it has no power to remedy. The will of man is little less than omnipotent in the wide sphere of its appropriate power; and that sphere is much wider than feeble-minded people may suppose. LITERARY NOTICES.