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hich impel it to success, with the exchanges all right, are, in the present sound condition of a trade simply overtaken by panic, perfectly irresistible. And, for one, we have little question of its wisdom if carried out, as we have every reason to believe it will be, with the same boldness of action and unanimity of purpose, as well as mutual good faith, which inspired it. We desire to express no hasty opinion or confidence as to how this matter is to work.--Its success in London and Paris, in seasons of trial, has, we believe, been invariable — certainly in the English capital. But, come what may, this much we do rejoice at, that the bankers of the city of New York have made their Association a real and substantial unit, resolving that it is better, if need be, to go down together, and in advance of general mercantile bankruptcy, which a different course might entail, in the effort to arrest the panic by expansion, rather than seal their own folly and shame by breaking in th