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A Bank Panic, Considerable excitement has been creat ed in business circles during the past few weeks by a report that the notes of a number of Banks had been thrown out by the Banks of Philadelphia. The following were placed ou the rejected list, and were for a short time discredited : Crawford County Bank, Meadville. Oil City Bank, Oil City, Pa. Venango Bank, Franklin, Pa. Petroleum Bank, Titusville, Pa. Tioga County Bank, Tioga, Pa. Lawrence Co. Bank Newcastle, Pa. Clearfield County Bank,Clearfield, Pa. Kittanning Bank, Kittanning, Pa. Octorara Bank, Oxford, Pa. Diamond State Bank, Seaford, Del. First National Bank, Titusville. Pa The suspension of the Banking House of Culver, Penn & Co., at New York, is given as the cause of the discredit of the Banks in the Oil Region. The Panic, has however, in a great measure subsided. The notes of the following discredited Banks are again current : Kittanning Bank, Kittanting. Octorara Bank, Oxford Chester co. Clearfield County Bank, Clearfield. First National Bank, Titusville. Tioga County Bank, Tioga Pa. Bank of Lawrence county Newcastle. The notes of the Venango Bank. Franklin ; and Petroleum Bank, Titusville, are believed to be good. Thompson's New York Bank Note Reporter quotes them at 10 per cent discount. The only Pennsylvania Banks that have really failed, and the notes of which, having no substantial security, may be considered worthless, are : Oil City Bank, Oil City Pa. Bank of Crawford County, Meadville.
