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The New York Journal of Com nerco states that during the past year three of the Safety Fund Banks and seventeen of tho Free Banks in that State have failed and closed their doors The Free BanGa which failed had circulation of Sl 055 79S for the security of which they had deposited with the Comp. troller, besides bonds and mortgages, SS5l 200 in State Stocks, viz: 460 900 Indiana, $l99, 900 Hi nois, s76,000 New York, Ss63,000 Arkansas, $l6,- 900 Alabama, and s10,000 Michigan. The depreci- aton in most of these stocks, since they lodg- cd with the Comptroller, has been great; Indiana and Illinois, which were then $s70 or SsS0 per Sl00 of stock, having fallen to the ncghborliood of s30.- The bills of the Free Banks which have suspended recently, are bought by the brokers from 30 to 2j and 10 per cent. discount.

 The New York American says

 The vaunted safety fund of this State is now exhi- biting itself in the light in which practical men have viewed it. They, from the beginning, dstrpst- ed the system on two grosnds first, inducing a degree of confidence in the general circulation of the Banks subject to the law, wholly unwarranted by the amount of the fund; and secondly, by of the general guarantee ofall for each, as superscdius in the conduct of Banks, the caution which, if dcpen- dents for its credit and circulation upon its own re- sources and management, each would not fail to ex- ercse. The fund now is for all practical purposes exhausted, and the process of replenshing is slow. Gan annual contribution of of per cent. the ptals ofall the Banks subject to the law, winch s about thirty millions of dollars) it will be that it in truth offers little security.