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Sandusky, Norwalk and Wooster Banks. The Cincinnati Gazette of the 9th says that tho holders of the notes of the above Banks bc. came more and more alarmed yesterday. There was quite an excitement during the day, and men. pressed forward to sell or otherwise convert their notes. The broker who had the courage to buy the day before, continued his purchases yesterday at an increased discount, while the Trust Co., as heretofore, took in the Wooster notes of all do. nomination, and those of the Sandusky and Norwalk Banks less than five dollars. The other Banks received the Wooster notes. Wo know no reason for discrediting the notes of these Banks, nor do we believe any exists; consequently the broker, who had the courage to buy, will reap all the profit of this panic, and the people bear the loss. The Gazette of the same date received a Norwalk paper of the 6th, from which it appears that there is no ground whatever for alarm concerning the notes of that Bank on account of any connection of the Smiths with it. Tho Norwalk Reflector says: BANK OF NORWALK.--A report having been put in circulation that Jesso Smith was a largo stockholder in this Bank, quite a number of the holders of its notes, yesterday presented them to the Bank and received the specie for them. We are authorized by the Cashier to state, that not one dollar of the stock of this Bank is owned by Mr. Smith. that he has no interest whatever in the Institution, and that his failure will not affect its solvency in the least. This Bank, we have not the least doubt, is abundantly able to redeem all its liabilities when called upon and holders of its notes need not bo alarmed a. bout their redemption. The Gazette of the 10th states that the Bank note panic has subsided, and all is quiot again as usual. The Banks now take tho notes of all denominations of the Banks of Sandusky. Norwalk and Wooster. The result is what might have been predisted. Holders of small amounts of notes have been frightened into the sale of them at a loss. for the benefit of the broker purchasing. In the present case only one broker purchased the discredited notes. He dealt fairlysaying to all, that he believed the notes good, but if they were determined to sell, ho would buy; and he has probably made a handsome sum by it. It way a bad move, on the part of some of our banks, to reject the paper. Under the new Bank Law, the Banks will be required each to take the notes of all the other Banks of the same kind: thus, the Branch of the State Bank must tako the notes of all the other branches. The Independent Banks must take the notes of all the other Independent Banks while they continue to pay specie. This will prevont these panics, and make the circulation good to the holder. We hope soon to have a currency of these new Bank notes.
