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OSWEGO, 5th May, 1812. J. G. BENNETT, Esq:DEAR SIR:Mr. Hull, of the Commercial Herald, or some one for him, in noticing the run upon the Oswego Bank and the article in a late N. Y. Herald, affects to believe it was and is "but a puny effort of a few disaffected persons, who could not command all the facilities they required." Now then. Mr. Hull knew that he did not state facts: for at the time he was inditing his editorial, the laboring classes were presenting "the rags" and getting their del. lars, and the game is yet in full operation, as I am informed-in fact I saw no less than five persons who paid the Oswego Bank a visit this day, and drew from her vaults about $1,000-this together with what has been drawn out within the past ten days, will amount to about $6,000. So great was the run at the onset, that one of the Bank gentlemen was sent off to Sackes to get the "siller," and returned with three boxes. The Bank had been paying out her Spanish quarters, cents, and other small change, previous to getting aid from one of her sisters-and from appearances their last box must have been produced this day. There is much need of a Bank in Oawego, but the one we now have has ceased to be beneficial to the public, and is like some of the rotten brokers in Wall street. They enable some half dozen men to monopolize all their discounts, and thereby, the business of the place; thus they prevent small operators from doing that extent of business they ought, (as business men.) to make it profitable. How long such a state of things will be upheld in this community is not for me to say, but the Bank will be called upon to pay their notes. and I hope those who hold their notes will not delay to present them ere it be too late. However much our local papers may attempt to prop up the old hall, she must sink-and if the basiness and laboring classes are not desirous of being caught, as with the late Commercial Bank of Oewego, then let them get the dollars while they may be had. Oswigdo.