Browsing named entities in a specific section of The Daily Dispatch: November 16, 1860., [Electronic resource]. Search the whole document.
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Affair in New York. The correspondent of the Philadelphia Ledger, writing from New York on the 13th inst., says: But little else is talked of besides the news from the South, and the effect it is having upon business affairs here. Wall street looks particularly cerulean. Southern funds are so hard to sell, as to be almost worthless to the merchant — and 10 per cent, is the current rate of discount for a majority of the bank bills of the slaveholding States. One authority declares that men who thirty days ago could find collateral which would obtain them thousands, cannot to-day, upon the same description of security, realize a single dollar. But this is not the worst of it. The working classes are beginning to feel the pinch, at their very hearthstones. I have already mentioned the suspension of trade, by two leading clothing houses in this city, who jointly employed 700 hands, and now must be added the discharge of sixty more, from one of the principal silver manuf