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business is dull and prices continually falling. The operation of the old system of advancing money to millers and agents for the purchase of wheat in the interior led to such ruinous losses that the system is now discontinued, the consequence of which is an entire revolution in the manner of doing business. The rate of exchange at Cleveland on New York at sight, is 7 a 8 per centum premium. Such being the case, the banks cannot expand by advances to millers without being exposed to a demand for specie before eastern bills are provided, drawn against the crops. Therefore pork, wheat, flour, and other produce are still falling, although they have reached points lower than for many years. We will mention as an instance that a miller at Dayton, Ohio, recently contracted to deliver 1000 bls. flour at $3 62½ per barrel. 15,000 bushels of wheat were sold at Marshall M. T. for 30 cents, and large quantities of pork are offering at from $2 to $4 per hundred, without finding buyers. In this state of things, some of the banks propose to issue post notes " to relieve the people." The day has, however, gone by, when the intelligent public will submit to the imposition of an irredeemable currency; accordingly the chamber of Commerce of Cincinnati, met on the 29th instant, and to their honor, passed resolutions in substance as follows:- 1st. That an issue of irredeemable paper, will tend to inflate prices above their just values. 2d, That all attempts by banks to depreciate the currency ought to be resisted; that the ultimate injury is more than the temporary advantage. 3d, That an emission of post notes is of questionable legality and ought not to be sanctioned by receiving them in payment of debts. 4th, That it is the firm belief of this chamber, that the banks are now amply able to redeem all their circulation in specie, and that all solvent institutions in the neighboring States, will speedily follow their example in resuming. Signed GRINFIN TAYLOR, President. HENRY ROCKAY, Secretary. The hopes of the shinplaster companies are therefore likely to be cut off in that quarter. The advantages of the new system of purchasing bills drawn against actual shipment, are already sufficiently obvious to warrant its rapid extension. The St. Louis Bank, excitement seems entirely to have died away. The Bank perseveres in its course and the merchants adhere to theirs. Time only will furnish the result. The weak banks of Maine are rapidly breaking down by the force of the revulsion in the credit system. The Washington Co. Bank of Calais, the Frankfort Bank, the Agricultural Bank, and the Medomak Bank have failed. The following are the returns made in June, 1839: