{"newspaper_name": "Iowa territorial gazette and advertiser.", "edition": "01", "page": "p1", "byline": ""}
{"character_count": 1448, "word_count": 259, "ccnet_language_score": [0.9638000130653381], "ccnet_perplexity": [787.2000122070312], "fasttext_language": ["en"]}
The Money Panic IN Cincinnati.-The
Cincinnati Atlas Of the 9Th, says: In con.
sequence Of the failure Of the SM1rns, who
are said 10 own the Bank Of st. Clair.
Michigan, to meet the payment Of certain
drafts drawn by them on New York, the
notes Of the Bank Of ST. Clair, have been
refused BY our merchants and others, and
have been subjected to heavy discount.


A rumor also became current in the city
yesterday, that the Smiths were in some
way connected with the Banks of San
dusky, Norwalk and Wooster-and ali
holding the notes Of these banks. seemed
anxious to get rid Of them, By deposit il
bank or otherwise. Some Of the banks re-
fused to receive them, and the panic be-
came general. The brokers continued un-
til after business hours to receive them at
discount Of 10 per cent. We could not
ascertain that there was any substantial
reason for discreditins the notes Of our
Ohio banks, and think this panic will only
prove a havest 10 the brokers. There IS
no information that the banks have failed.
or refused to redeem their notes ia specie
which we believe they are better able to
do than the banks Of Indiana, whose notes
are scattered all over, The whole Missi,-
sippi valley.


While remarking upon this subject, We
feel ourselves bound in justice to notice
the fact, that the Citixcns' Bank, which
paid out in tho morning notes which were
subsequently discredited, promptly ex-
changed them during The day Er other
current notes. II