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The Daily Dispatch: August 12, 1861., [Electronic resource], Gen. McClellan and the Press. (search)
ght to be recognized. Mr. Meagher declares it his determination to proceed to Baltimore, to demand there the authority for the allegation. The week has been a disastrous one among the merchants and commission houses. The failures have been very numerous and very heavy, but the daily journals, as a general rule, have refrained from printing them, for fear of aggravating the depression already existing. The most important suspension of the season, perhaps, was that of Messrs. Glaflin & Mellen, a firm whose standing has been A No. 1 for a period of twenty years past. Their liabilities are enormous — some say as high as $2,800,000; but their assets are understood to be much more than an offset to their obligations. This failure occasioned a profound sensation in business circles during the day, and the belief is general that it will bring down many other houses in the same line of business. The bank statement to-morrow will probably show a falling off in the discount line of