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Suspension iu New York. NEW YORK, Jan. 2 -Wadsworth & Sheldon, bankers of this city have suspended operations. Their liabilities are said to be about $2,500,000, and their assets, something over 1,000,000. They were agents for the State of Illinois here.
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TELEGRAPHIO NEWS. REPORTED FOR THE DAILY AMERICAN ORGAN. @ Suspension in New York. NEW YORK, Jan. 2.-Wadsworth & Sheldon, bankers of this city, have suspended operations. Their liabilities are said to be about $2,500,000, and their assets something over $1,000,000. They were agents for the State of Illinois here.
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BY TELEGRAPH. Message of Goe. Clark, of New York. Albany, Jan. 2.-The governor's manage has been delivared to the legislature. It states that the receipts to the oral fund of the State have been for the year $1,965,000, and the expenditures for the same period have been $1,817,000. He anticipates considerable reduction in the receipts during the present year in consequence of the reduction of taxes, and also of receipts from canal tolls. The debt of the general fund on the 30th September was $6,355,000. The capital of the school fund has increased $42,000 during the year. The receipts from canals amount to $2,989,000, and the expenditures $1,238,000. The surples does not meet the purposes for which it was designed by $104,000. This deficit he attributes to the general commercial embarrassement and the short crops of last fall. The banking statistics show an increase of capital, during the year, of $7,081,000. He recommends a medification of the law allowing the deposite of bonds and mortgages as security; and also a repeal of the law imprisoning witnesses : and favors further encouragement of the free-school system. On the liquor question, Governor Clark defines his views at considerable length, and strongly advocates an entire prolibition of the sale of ardent spirita, citing many and fareible arguments in favor of such an enactment. He considers such probibition clearly within the limits of the constitution, and hopes a bill will be framed that will effectuall suppress the sale without infringing upon just personal rights. The goverage recounts the particulars of the Lemmon slave case and of the attitude assumed by Virginia, and recommends that provision be made to defend the rights and interents of the State. He regrets the veto of the river and harbor bill of the last session of Congress, and considers that a proper tariff would have obvisted the present commercial and general distress. He strongly denounces the repeal of the Missouri Compromise, and considers that its restoration is essential for the security, peace, and permanent welfare of the country begislature of Pennsylvania, HARRISBURG, Jan. 2.-The house was organized this morning. On the first ballot Henry K. Strong (fasionist) was elected speaker by 76 votes-scattering 21. The senate is to meet at o'clock. Hendricks (fusionist) is the caucus candidate, and Hamlin the democratic candidate for speaker. Meeting of the New York Legislature. ALBANY, Jan. 1-The legislature met this morning, and Mr. Littlejohn (whig) was elected speaker. All the officers of the assembly are fusionists, and were elected by large majorities. Legislature of Delaware. BALTIMORE, January 2.-The legislature of Delaware met at Dover to-day. Daniel Curry, fusionist, was elected speaker of the senate, and Samuel Biddle, know-nothing, speaker of the House. The Baltimore councils have finally adjourned. There is evidently serious trouble brewing among the know-nothings. There is some talk of Mayor Hinks resigning his office. Meeting of the Unemployed. NEW YORK, Jan. 2-A large meeting was held in the Park this forenoon, composed of unemployed operatives of all trades. Many inflammatory speeches were delivered, but no disturbance occurred. | New York City Government. NEW York, Jan. 3.-The city government was organized this morning by the election of Issue 0. Barker, eag., as president of the board of aldermen, and D. D. Connor president of the common council. Suspension in New York. New York, Jan. 2.-Wadsworth & Sheldon, bankers of this city, have suspended operations. Their liabilities are said to be about $2,500,000, and their assets something over $1,000,000. They were agents for the State of Illinois here. Markets. NEW York, Jan. 2.-Cotton-the market is unchanged, with a limited business at previous rates. Flour has advanced 25 cents per barrel, with sales of 3,000 bartels good Ohio at $9 50 a $9 873/4; southern has advanced 12% cents-sales of 1,400 barrels at $9.50 a $10 1234. Wheat-prices are a trifle higher-southern white at $2 28; Michigan, $2 38. Cornthe market is firm, with sales of 62,000 bushels western mixed at $1 a $1 001/2. Pork is dull, with & downward tendency. Beef is firm, and tending upward. Lard is firm and upward. Whiskey is heavy, with sales of Ohio at 373/2 cents. BALTIMORE, Jan. 2.-Flour-bolders are asking $9, but no sales. Wheat-4,000 bushels offered-sales of white at $2 05 a $2 15; red at Corn-sales of 22,000 bushels of yellow and white at 90 cents. NEW ORLEANS, Dec. 30.-Cotton-the sales of Friday were 4,500 bales, and for the week 35,000 bales. The stock of American, exclusive of shipboard, was 150,000 bales. The receipts at all southern ports are 27,000 bales less than last year. Sales of 15,000 bales middling at 8-95.
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New York, Jan. 2.-Wadsworth & Sheldon, bankers of this city, have suspended operations. Their liabilities are said to be about $2,500,000, and their assets something over $1,000,000. They were agents for the State of Illinois here. I
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HEAVY FAILURES)-Messrs. Wadsworth & Sheldon, bankers, Wall street, New York, suspended payment yesterday. Liabilities are about $2,500,000 ; assets probably a million over this. They were the agents of the State of Illinois. Private telegraphic despatches from New York report two other large failures in that city, viz: a ship chandlery firm, and a commission merchant
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HEAVY FAILURE IN NEW YORK. New YORK, Jan. :--The house of Messra. Wads. worth & Sheldon, bankers this city, has suspended. They were the agents of the State of Illinois in this city. and consee quently no payment was made this morning of interest on the bonds of that State. Their liabilities amount to $2,000,000, but they show resources largely above their liabilities, and there is reason to hope that their suspension will be merely temporary. Arrangements are in progress which will probably result in making provision for the payment of the interest on the Illinois bonds in M few days. The suspension has been caused by 11 failure to receive expected remittances.
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New York, Dec. 28. John Mitchell has retired from the editorial charge of the Citizen, and it is said will remain in private life during the next four years. His proclamation of a desire for "an Alabama plantation well stocked with fat negroes," is understood to have lost the Citizen 10,000 subscribers. New York, Dec. 30. A me:ancholy instance of the distress at present prevailing in this city came to light to-day. An Englishman named John Murphy, who had a wife and five children, committed suicide on account of their distressed condition; while the coroner was holding an inquest intelligence was received that the youngest child had died of starvation, having eaten nothing for two days. New York, Jan. 2. Wadsworth & Sheldon, Bankers, Wall St., suspended payment to-day. Liabilities about $2,500,000-assets about $1,000,000. Over this they were the agents of the State of Illinois; consequently no payment has been made this morning on account of interests, &c. The failure of Belcher & Co. at St. Louis, for $2,000,000 was announced this P. M It has also involved the following houses in this city: Foster & Stevenson, Ship owners and Bankers, for $38, 000, and Winthrop & Ray, Stock Brokers, to the extent of $22. 000. Some Boston Houses are also said to be affected to the amount of one million. Boston, Jan. 2. The ship Minstrel has arrived, and brings Cape of Good Hope papers of 23d of Oct. Fears were entertained of another Caffre war. It was reported that the Caffres were endeavoring TO stir up the inhabitants to rebellion, the English having attempted to interfere with their system of polygamy. The natives beyond Orange river have refused to allow further trading by the British with the interior of Africa. The Cape papers contain severe articles on the policy of the Home Government as regards the na$ tive tribes. New Orleans, Dec. 30. Advices from Texas state that General Houston will resign his seat in the U. S. Senate at the end of the present session. The Indians of Texas are disposed to setthe on the lands reserved for them. The steamship Philadelphia, from New York via Havanna, has arrived here. She brings no news of importance. The loss by the destruction of the Me5 chanics' Institute, of this city, is estimated at $70,000, of which $30,000 is covered by insurance. Pittsburgh, Jan. 2. The Banking house of Gen. Larimer fail ed to-day. Rochester, Dec. 28. At the Orleans county election, Elisha Whalton, the Know Nothing candidate for Assembly, in place of Alex. Ward, deceas d ed, is probably elected over Mills, the reg 8 ular Democratic candidate. No whig tick et run.
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HEAVY FAILURES. -The house of Wadsworth & Sheldon, bankers, of New York, has suspended. They were the agents of the State of Illinois, and consequently no payments was made on Tuesday of interest on the bonds of that State. A telegraphic dispatch says: Messrs. Wadsworth & Sheldon's liabilities amount to $2,000,000. but they show resources largely above their liabilities, and there is reason to hope that their suspension will be merely temporary. Arrangements are in progress which will probably result in making provision for the payment of the interest on the Illinois bonds in a few days. The suspension has been caused by a failure to receive expected admittances. The telegraph also announces the failure of Messrs. Belcher & Co., sugar refiners, of St. Louis. Their liabilities are said to be $2,000,000, involving a prominent stock broker of New York to the extent of $225,000. and a banking house of the same city to the extent of $300.000.Sundry Boston houses also suffer to the amount of $1,000,000. The failure of the banking house of Gen. Larimer, of Pittsburg, Pa., is reported.
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NW Wadsworth & Sheldon, Bankers of New York, failed on the 1st inst., for over $1,000,000. Their failure is attributed to the suspension of houses in the North and West.
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HEAVY FAILURES.-The house of Wadsworth & Sheldon, bankers, of New York, has suspended. They were the agents of the State of Illinois, and consequently no payment was made on Tuesday of interest on the bonds of that State. A telegraphic despatch says: Messrs. Wadsworth & Sheldon's liabilities amount to $2,000,000, but they show resources largely above their liabilities, and there is reason to hope that their suspension will be merely temporary. Arrangements are in progress which will probably result in making provision for the payment of the interest on the Illinois bonds in it few days. The suspension has been caused by a failure to receive expected remittances. The telegraph also announces the failure of Messrs. Belcher & Co., sugar refiners, of St. Louis. Their liabilities are said to be $2,000,000, involving a prominent stock broker of New York to the extent of $225,000, and a banking house of the same city to the extent of $300,000. Sundry Boston houses also suffer to the amount of $1,000,000. The failure of the banking house of Gen. Larimer, of Pittsburg, Pa., is reported.
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HEAVY FAILURES.- - The house of Wads. worth & Sheldon, bankers, of New York, has suspended. They were the agents of the State of Illinois, and consequently no payments were made on Tuesday of interest on the bonds of that State. A telegraphic despatch says: Messrs. Wadsworth & Sheldon's liabilities amount to $2,000,000, but they show resources largely above their liabilities, and there istresson to hope that their suspension will be mere ly temporary. Arratigements are in progress which will probably result in making provision for the payment of the interest on the Illinois bonds in a few days. The suspension has been caused by a failure to receive expected remittances. The telegraph also announces the failure of Messrs. Belcher & Co., sugar refiners, of St. Louis. Their liabilities are said to be $2,000,000, involving a prominent-stack broke in New York to the extent of $225,000, and banking house of the same city to the extent of $300,000. Sundry Boston houses also suffer to the amount of $1,000,000. The failure of the banking house of Gen. Larimer, of Pittsburg, Pa. is reported