The Sun.
London, England, 1837-04-20 00:00:00

AMERICAN PAPERS.

(From the Mercantile Advertise, and New York Advocate.)
" NEW YORK, SATURDAY MORNING, MA R.CH lt;•
" Great excitement was caused in this city on Thursday evening,
and yesterday forenoon, on the arrival of the express mail, which
brought the news of the suspension of several extensive mercantile
houses in New Orleans, some of which had large commercial trans"
actions with several houses in this city, among whom is the house
of J. L. and S. Joseph and Co., whose liabilities are so large with
some of the New Orleans houses that they thought it prudent ten,"
porarily to suspend their payments yesterday morning.
" NEW ORLEANS, MARCH B.—The failures continue. To-dal
two more houses went by the board. What the effect is to be upon
stocks we cannot say ; but, so far as the general business of the ell
is concerned, we do not apprehend any serious results. TemP°-
rarily a slight check has been given to that briskness in business for
which our city has been so remarkable, but a few days will bri4
all right again."

(From the Courier and Enquirer.)
" NEW ORLEA Ns, MARCH B.—FAILURES.—The reports
this head were so contradictory even at the office of the notary, oh
°
protests for the different banks, that I have abstained from writing
until I have been able to make the fullest inquiries, the result 0f
which is ;
" The stoppage of the old house of Hermann and Son
father).
" Ditto ditto of Hermann and Brigs (the son).
" Ditto ditto of Thomas Barrett and Co., in which there is air
other son of Mr. Hermann, senior, in partnership.
" That is to say, that the three houses of Hernial
who were closely connected, have definitely stopped ;
of T. Barrett and Co. to-day, when Mr. Barrett resigned 5
situation as Director of the Gas Company. Great exertion
have been made to support this house, but their cennelie,,
with the other two rendered useless and insufficient the means place':
at their disposal. The liabilities of the three establishments sf°
variously stated at from 9,000,000 dollars to 10,000,000 dollars'
but it is expected that T. Barrett and Co. will be enabled to re"
sume their payments next month.
" The house of Lee, Maddox, and Wood, after a short 'Wen.;
sion of one day, have resumed their payments and operations, se it
was found that they had ample means to meet every demand uP°—
„
them, anti their credit is unimpaired.
" The reports that are in circulation concerning two more re;
spectable houses are destitute of foundation, and consequently "
abstain from givinc, you their names.
" The amount of bills drawn by upon the houses of
mann, and which will be returned protested to New York, is
riously estimated at from 1,200,000 dollars to 1,500,000 dolls"
but it is generally supposed that they must be secured by the allnut%
of shipments of cotton effected by the Hermanns, and consigned is
the agent of the New York house at Liverpool. I hope that t
h
is the case."
Ninv ORLEANS, MAl:xi' 9.—We learn that the Messrs. Pd.
sephs have received a letter from Messrs. Hermann, Briggs, $1.4
Co., dated " New Orleans, March 10, at 11 a.m., which,
0
ti
sent by express to Mobile, where it was mailed on the 12th,
ic
says, all the banks have come into the arrangement to earl
through." to
" DEATH or GOVERNOR YATES.—We understand that
letters were received in town yesterday, stating that Gevjee'o- ce
Yates expired at three o'clock p.m. on Sunday last, at his resider
in Schenectady.