The Pittsburg Diapntch gives the following particulars of the "shrinkaga in values" ia one of the once fainous oil cities : Tho fanious and at one time iraraensely popular hotel, the Danforth House, Pithole City, which oost $28,000 was sold ou Friday last for a ten dollar note ; and the furniture, which cost $3,000 brought less than ninety dollara. And that lends to speculaiion on the rise, the glory, and the fall of that once laiaous city. Withm one month from the eompletion ot the first house sha bad au $80,000 hotel. In two months she had a d;tily paper, and a fast one it was. too. In three niouths she had a theater. (Then the theater went to Pleasantville, theiice to Lawrenceburg, thence to Parker's Landing, thence to wtere the woodbine twineth, in the second groat fire at the Linding last wintei) In four months she had another theater and an academy of rausio. In fivo months she had her celebrated mud fire extinguisher, a curious invention for throwiug mud, sired by a live Yankee and d- d by neoossity, for the city had no water - the people all drank whiskey. In six months she had seventyfour hotels and boarding houses where the substitute for water was dispensed. In seveu months ths Miller farm pipe line was completed, which event thruw 4,000 men and 2,600 horses out of employment, and Pitholu City had reached the zenith of her glory. She had at that time 15,000 iuhabitants, elabórate water works, and all the paraphernalia of a city governnient. She has now no theater, no telegraph office (the telegraph office was closed for time and eternity last week), and but nine families out of all that mutitude. The Pithole and Oleopolis Raüroad runs bet one train of one car a day, and thit only to hold the charter.