Cincinnati,March 28, 1861.
--Drafts drawn by the Cataract Bank, at Lockport, New York, on the Ocean Bank of New York, for $7,000, have been sold to bankers here.
One of the party concerned in the disposal of them has been arrested, and $50,000 of the same kind of drafts were found in his trunk.
Another of the implicated party has gone West with $40,000 more.
The first drafts sold were intended to be paid, in order to get the party's credit up but it is believed that a grand fraud was contemplated.
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