a rctrofpe&ive effect so as to iutereft the United States in the bant from the com mencement of its operations. He thought it also his duty to Itate to the committee, though not in opposition to the report, that it had been made a question whether the payment of the instalments due to the bank from the United States, {hould be considered as falling due at the time of the commencement of its operations, or at the time of executing the contract. That this queltion had been referred to the Attorney General, who had given an opinion in favor of the latter period. That the Secretary notwithstanding had iiv op position to this opinion, made the firft payment in December, very near the time when the bank commenced its operations, instead of June or July, when the contract was executed. Mr. Giles £ai