The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1857-10-15
PRICE ONE CENT.

street, have opened an establishment In Broadway
ior retailing out their goods for cash at the lowest
market prices. The suspensions reported are:
Messrs. L. o. Wilson 4 Co, dry goods jobbers and
Importers Messrs. Bliss, Douglass, Wheelock 4 Co.
dry goods johbers, Of high standing up to the pre-
sent time; Hall, Dana Co., Demestic Goods, house
learn, Dry Goods Blackwell. whitmore Co. an
Old cloth house; w. Langdon & Co., Dry Goods Car
n1rt, Bacon Co., cloth house; w. T. H. Duncan
Dry aoods Herrick, Ferris 4 Co., GentIemens fur
nishing goods Lusiau. Leggett Co.. produce deal
ers; and Ames, Herrick, barnes 4 Rhodes. station
ers Among the old members Of the Stock Ex-
chan se Dyk ., AlsfyBc Co., are reported as be-
ing Unable to meet some Of their loans on demand
Inc nfm pave large Iueats, and We hear that the
demand upon them to-day was accommodated TO
their convenience.
PENNSYLVANIA
As before announced, the PENNSYLVANIA House NJ
Representatives on Tuesday rero si,iered the pre
sious vote rejecting the relief bin, and the ques
ton recurring on the final passage of the bin.
stood--yeas 90, nays 30. 1t fixes the resumptior
| oil specie payments for the second Monday of
April next The Senate referred it to a committee
| OF conference, who reported two new sections
| which were accepted, and the bill AZ amended
passed both Houses. 1t was subsequently, siyne9
by the Governor, and the Legislature aiiou9ned
| sine die.
The Philadelphia Bulletin Of Tuesday after.
noon, says: Ash
The action Of the Legislature, this morning. has
4
credit generally is far lost that il il To
an inposabliity to negotiate the best paper on
the street. The Banks are paying ont eonptry
notes. OF not only this but of adjoining States and
marking checks "good"-a course which tends IN
| increase the embarrassments which already exist
Should the present state of affairs continue apy
length OF time. every extended house which relies
upon Its biis receivable to meet their liabilities
VIII be compelled to succumb to the pressure OF
| the times. Exchanges continue unsettled Gold
and silver is in demand at 5a6l per cent. premium
| Trade continues excessively dull.
BUSINESS AT CINCINNATI AND ST. LOUIS
The Cincinnati Gazette of Saturday saws: .
Yesterday was the dnllest day on the landing
t1at we have ever known. Boatmen were s;rollinf
abont from house to house, and agency to agency
eager to learn something to their advantage but II
no instance have we heard of their receiving any
thing encouraging. There il no freight to 90 f,r
ward, and money is scarce At ST. Louis the time
are painfully distressing. Boats are forced to re
ceive Illinois currency, which shippers actually re
fuse to receive for charges. The banks pay out OF
checks all sorts of Illinois money and refuse 10 re
eeive the same on deposit in an hour after
wards III boat, therefore. should be so fortun
ate as to realize profit of five hundred dollar
on trip she must submit to a discount almos
equai 10 her pronts In consequence Of this de
rangement in monetary affairs our river cCmmerc
to that point Tags" and disposition is manifest
| ed not TO venture trip unless ander certain cir
cumstances $50 -
The Cincinnati Gazette of Monday saws.
| The feeling in money circles on Saturday ow
ing to the discouragng advices from New York
continued very much unsettled. The nerves O
both capitalists and merchants are in n measure
unstrung and few are disposed to bother thenselye
| iarther with calculations as to the immediate fin
ture, inasmuch as it is conceded that everytbip,
depends on the course of events in New York
where all is, for the present, distrust and upcer
tainty The condition of affairs here is much NOR,
favorable than could have been Anticipated ane
our business men are in position to go forwart
into clear sea the moment matters LET mn in tb,
East. But while house after house, with asset,
greatly exceeding liabilities. tumble down on tho
seaDoaro, the banks continue to contract, be
ing unwilling or unable to relieve their customers
1t is useless to look for improvement in the West
SUSPENSION AT CHICAGO.
CHICAGO, Oct 12.-afessrs Wadsworth Co.
bankers, suspended to-day. Their assets are three
TO one to the amount of their liabilities
| THE CRISIS IN NEw ORLEANS.
telegraphic dispatch, dated New Orleans, Oct
18th, says:
| The actual state of the financial panic here is
| frghtfully severe Heavy suspensions are antici
pated. Money is scarce and stringent and those
| who have it show no disposition to lend on any
terms The height OF the crisis, so far as this city
is concerned, is rapidly approaching.
| The telegraph announces the failure of Messrs
Oakley Hawkins, large cotton factors, of New Or.
| leans.
| MANUFACTURES AND LABOR
| The Wheeling Times, of Monday, SAYS:
The iron mills of the city, at least the In Belle,
| Belmont and Missouri, intend to suspend opera.
tons in few days, and it is not certain when thew
will resume. The suspension at the La Belle
and Belmont works commences to-day, and will
last for week emily at present, but it il not inn
probable that it will be longer before they resume
There are abont four hundred hands employed in
these two establishments. The Missouri is ex-
pected to follow suit in few days. 1t is uncertain
when the Crescent mills will stop, if at all at
least we are Informed that the managers have no
such idea at present. The Washington mill, which
manufactures railroad iron, win not suspend at
all''
The Cincinnati Gazette estimates that 25O 900
men, women and children are connected, iUsarious
ways. in that city, with the clothing business, and
that about onehalf have been or soon will be dis
charged The estimated number is probably too
high. The boot and shoe business continues good.
But few iron workers have yet been dismissed.
The New York Times publishes list of IL 900
mechanics and laborers who have lately been dis
charged in that city. including 700 printers and
bookbnders, l. $50 cigar makers and $50 clothiers.