The Rhode Island Republican

National Legislature.—The United States Congress commence their sitting on Monday next. The business to be transacted, will be important and momentous. It will be in their power to give a tone to the energies of the nation, or by indecision to relax every fibre of manly exertion. In relation to our foreign affairs, the course, from recent circumstances, appears clear and explicit. Should G. Britain refuse to abandon her restrictions, after the example set by France, a decided stand ought to be taken against her. In the event of her rendering resistance on our part necessary, by refusing to repeal the Orders, Blockades, &c. none but a partizan of England, an enemy to the interests of the United States, will have the hardihood and folly to say that she ought not to be opposed. Can the rebellious voice of such men influence the proceedings of our government? Can the feeble clamour of a handful of British partizans, have any weight on the councils of the nation? We believe not; and cannot but hope, that from former events and present circumstances, Congress will now act with that decision so indispensable to the welfare of the nation. Let their deliberations be governed by firmness, and the American People will firmly support them.

Another highly important object will demand the attention of the National Legislature. Attempts will be made to obtain a renewal of the Charter of the "United States Bank," (more properly designated the British Bank.) By far the greatest portion of stock in this Bank is owned in England, and by British agents in this country. If the charter is renewed, it will become a powerful and dangerous engine, from which more evil may justly be apprehended, than from the Bayonets of a British army. The Aurora (5th inst.) at the close of a very able speculation upon "Banking and Paper money," has the following article:

"About the close of the American Revolution, two members of Parliament standing in the lobby during a division, were lamenting to each other the infatuation of the measures of Lord North; one of the members was Mr. Dempster, a man who talked of his patriotism with as much modesty as any advocate of a modern bank—he expressed himself to this effect:

"The plan was all mistakes from the beginning: to succeed in America, your so many men should have been kept at home, and employed on the waste lands: the money that was employed in war or only two campaigns would have established a Bank of England at Philadelphia; your honour would be saved, and America would be as dependent on England, as Leeds and Birmingham are upon London."

The reader cannot mistake the application. It will, however, be enlarged upon at a future day.

[Bos. Chron, Nov. 29.]