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From the Elyria Republican. # BANK INSOLENCE. Among other questions propounded to the Farmers' Bank of Canton, in obedience to resolution of the legislature, were the two following, to which the two following iven: What were the causes that led you to suspend specie payment? Answer, by the Bank. The operation of the specie circular, and general embarrassment of the country. Q. At what period do you expect to resume? Ans; We will resume when the specie circular is repealed, and not before. We will now give the true answer to the first question, and we will take it from a report made by that same insolent institution. The prominent reason why that infamous institution suspended specie payments, may be learned from the fact that it had, as appears by said report, over three hundred and sixiy thousand dollars of its bilis in circulation, at the time of its suspension, and but fifteen thousand four hundred and fiftysseven dollars in specie to redeem its notes with; and that had made loans to its directors and stock-holders to the amount of nary-on thousand dollars, Yet the cashier of that insolent, swindling institution, has the impudence and capidity to answer under oath, that "the operation the specie circular," &c., is the true canse way that institution suspended specie payments. It is a matter well worthy of the consideration of the Legislature whether the cashier, 'nhs answer has not been guilty of perjury. Is there a candid man of any party, that for one moment cab beleive the cashier has assigned the true cause why that bank suspended? It promises to resume when "the specie circular is repeated." But has it come to this, that a bank will require certain laws to be passed or repealed before it will redeem its bills? This is the language of the Canton bank, to a question put by direction of the legislature of this state, Were we to give our opinion upon the time of a resumption of specie payments by the Farmers Bank of Canton, it would be that it never would take place, The last report made by that bank, a short time since, shows the circulation to be $248,608.00, its loans to stockholders to be $99 475,00, aud its specie on hand buta trifle over $19,000. This sad state of things, the cashier on oath! states bas resulted fron "the operation of the specie circular!" A man that could make such a statement as that under oath, may do well enough for a bank officer, but we have our opinion as to his moral fitness for anyhonorable or honest ods cupation. # LAKE NAVIGATION There is every indication that the navigation of Lake Erie will be resumed in a very short time. A storm from the south west has driven the detached portions of ice, which are rapidly decaying into the Niagara river, down which they are descending in large masses. The waters of the Lake are already perceptible beyond Sturgeon Point, about twelve miles from this city. If any of our steamboats were in readiness, it is the general opinion, on the wharves, that a postage could be effected to Detroit. [Buff Jour., March 24.. # BEWARE OF FRAUD. Bills of the Farmers' and Merchants' Bank of St. Joseph's at Centerville, are probably worthless, The Detroit Free Press of March 12th gives a letter from Thomas Fitzgerald, one of the Bank Commissioners' who sontes that the Bank "is an illegal, if not a fraudelent concern." He's circulation at shout $20,000, a portion of which, we have reason to believe is in this vicinity and will be offered.-[New Yorker. # MORE FRAUDS. The Cincinna i Gazette cautions the public against receiving $5 bills, purporting to he of be of the Farmer's Bank of Canton, just put in circulation. The vignette of the counterfeit is a wagon and horses; the genuine is two females in sitting posture; the counterfeits are also larger than the genuine of Letter C dated 10th May, 1837. The notes were engraved for Farmer's Bank in Houston, Texas; but have been so altered as to read Farmers' Bank of Canton, Ohio.' [Herald & Gazelle The Cleveland Advertiser of March 27, announces on the authority of the Detroit Pross, the capture of Gen. Southerland and his Aid. They are to be taken to Toronto and tried for high treason. The Detroit Free Press says Gen. Southerland and Aid, Capt Spencer, were taken prisoners on Sunday afternoon Inst by Mr. Price, postmaster at Sandwich. It is expected that he will have an immediate trial at Malden, by a Court Martial. The History of Navy Island and the Canadian War of '38 is likely to be lost to the world. # STOCKS IN NEW YORK. The New York Commercial of Saturday says: The sales at the stock Exchange to-day were large in amount almost beyond precedent. Over fifteen hundred shares of United States Bank Stock were sold at an advance of about one per cent from yesterdayed mostly, it is said. hougtition
