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In the Steubenville Union of the 24th, we find the following precious scrap of history: USPEN SION. The Bank of Steubenville has suspended spe. cie payments. The following is copied from the back of one of its notes. 'Presented for redemption. Specie demanded and refused.' Steubenville, 23d March, 1840. III STEPHENS, Teller, Thus the very day of the adjournment, this Bank so highly enlogized by certain member for its soundness, SUSPENDS so wege. o Statesman.
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MORE EXPLOSION AHEADLET THE PEOPLE BE ON THEIR GUARD. The thousand schemes of the Whig financiers will end in a general explosion and prostration of all confidence, and even hope. seems inevitable. The Cincinnati Chronicle, a Whig paper, of Saturday evening, has the following. G-GALLIPOLIS BANK.-When the Ohio river closed with ice on Monday last, the agent of this Bank in this city, Mr. Eltis, had exhausted the fund placed in his hands for the redemption of its notes and declined their further purchase;--a panic was the consequence, and the notes tell to 10 per cent. discount immediately, and in the course of the day to 20 per cent. discount; and have since sold at 25 per cent. discount. No doubt this will occasion a run on the bank which will irv her strength. "ay The Post Notes of the Ohio Banks generally. and the bills of the bank of West Union, Granville, German Bink of Wooster, and the lately resuscilated bank of Steubenville, have fallen off 1 per cent. during the week. We quote them now at 3 per cent. discount. "There seems to be a general distrust by the community of all these institutions." We repeat to our friends the warning-be on your look out. We verily believe that a viler set of swindlers never infested any country on earth than one half of these Whig financiers and bankers. No one can go to bed with a Whig bank promise in his breeches pocket, that is certain that it will be worth any thing in the morning when he geis up. The breeches may be there, but the supposed value of his promise is gone. There is some witchery in this kind of slight of hand work, for neither bar nor bolis are a ny protection. The Chronicle has the following notice of other Whig currency that is pretty well used up: OF White Water money is selling at about 23 per C1. disc un!. The notes of the hank of Cario, at Kaskaskia, are selling at 50 cents on the dollar." This is getting along with a rapid pace. We shall soon have Harrison times. truly now confilence is restored. Just let it he known that old Tip is elected, and the times will inspantly be beller-prices will rise--confidence will be rostored and the banks will make every body rich by getting them in debt by fresh discounts. We close as we commenced, by saying 11 to our Democratic friends who have -9 kept out of the bank clutches, be on S, your guard.-Ohio Statesman.
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Second Board. 35 137 do 122 US Bank 50 10 shares Utica & Schen do de 521 slods 810ds 12, 50 do LIsland 6 de 25 do 12 25 do NA Trust 5g 15 do do Commercial and M ou ey Matters. Wednesday, P.M. It has been a hard day for the bulls. The fancies took a general tumble. from which some of then probably will never recover. U.S. Bank shares sold at 121, a fall of 1) per cent. on Saturday's prices. N. A. Trust 31, a decline of 15 per cent. This stock seems destined to sell at par before many days. The Bank has only been in existence since the Free Banking Act was passed, and it is now selling at 5, a fine specimen of modern financiering. Farmers' Trust fell 21 percent; Mohawk, Long Island, and Patterson, 1/2 : Harlem Stoninglud Delaware & Hudson 13 The operations in State Stocks were55) 5,000 Indiana Bonds 10dm 553 2900 do do 853 1,000 Canal Fives, 1855 Exchanges.-No sales at the Board. We quote-Philadelphia 31, Baltimore 21, Virginia 34 a 31. New-Orleans 41 a 41, Charleston a It, Augusta 11 a 5, Cincinnati 84 a 81. The Bank of Steubenville suspended operations on the 11th inst., unlits effects were assigned to Jas. Teaff, J. Mason and A. Stevens, to be collected and used to redeem liabilities. The demand for money is notlarge, and avenues of investment such radent men embark in are not plenty. The unsettled state of the Ba ik bill, and the uncertainty in regard to what portion of the $12,000,000 loan the Secretary of the Treasury would throw into the ISS ket, has tended to deter many from placing their funds permameatly. Still, la ge amounts of State and Corporation Stocks, and Treasury Notes, have been taken up and laid by, the consequence of which is, that the rates have been gradually improving, and a healthy state of things in the depreciated State Securities is confidently predicted. The Banks experience difficulty in obtaining sufficient paper of the first class to absorb their treams, and a temporary loan could be made by the City or State at 6 per cent. In the street, negotiations are easily made on good paper at 7 to 9 per cent. Our stock of Spocie is very large and the arrivals more than offset the exports. There is nothing in the financial horizon which appears to portend a change for some time to come. The war has commenced in Pennsylvania arainst all skinplaster Corporations, and all persons engaged in the introduction of the notes of other States.