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HEAVY Costs.-The American Trust Company in New York-an institution similar to the Ohio Life & Trust Company-failed in 1857. and its affairs were put into the hands of Trustees for liquidation. It has been involved for twenty years in all sorts of litigation with creditors and debtors, which the Trustees-being lawyers-have evinced no great desire to avoid or cut short. It appears there have been actually paid out for costs, counsel fees, and other legal expenses, up to the 1st day of May last, the sum of $199,512 52; that other expenses of the same kind have been incurred. and which remain upaid, to the amount of the $51,000. It was also stated that the special receiver, Mr. Palmere, had paid out for costs, &e., over $52.000. The amount paid and incurred by the general receiver, representing only the expenses of one side to a multiplicity of law suits, it may safely be assumed that an equal amount has been incurred by the parties on the other side, and that the litigation growing out of the affairs of the Trust Company has already cost a sum exceeding half a million of dollars. While the lawyers have been gathering sorich a harvest. the creditors have been fed "on hopes deferred."