In the line I scribbled to you from Georgetown to-day I omitted to inform you that I had unfortunately dropped your letter with some papers of my own in the road between Mount Vernon and Alexandria. Proper measures are taken to recover them.—I have reflected on Govr. Lee’s plan of opposing the Federal bank by setting up a state one, and find it not only inadequate, but objectionable highly, and unworthy of the Virginia assembly. I think they should not adopt such a milk and water measure, which rather recognises than prevents the planting among them a source of poison and corruption to sap their catholicism, and to annihilate that power, which is now one, by dividing it into two which shall counterbalance each other. The assembly should reason thus. The power of erecting banks and corporations was not given to the general government. It remains then with the1 state itself. For any person to recognise a foreign legislature in a case belonging to the state itself, is an act of treason against the state, and whosoever shall do any act under colour of the authority of a foreign legislature whether by signing notes, issuing or passing them, acting as director, cashier or in any other office relating to it shall be adjudged guilty of high treason and suffer death accordingly, by the judgment of the state courts. This is the only opposition worthy of our state, and the only kind which can be effectual. If N. Carolina could be brought into a like measure, it would bring the General government to respect the counter-rights of the states. The example would probably be followed by some other states. I really wish that this or nothing should be done. A bank of opposition, while it is a recognition of the one opposed, will absolutely fail in Virginia. Adieu. Yours affectionately.