GREAT FAILURES.
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The Express Mail from New Orleans to- day has brought us most unfavorable news. It appears that there had been failure of one house derman& & Briggs whose obligations were seven millions of dollars, which had caused other failures Lee, Maddox & Wood, and Barrett & Col to the amount of five mill ions, some of which, it was thought, would again go on. The failures are attributed to immense specrlations in Cotton. We have had in years past large failures, but in con- parison with seven millions they were as rush lights to the face of the sun at noon day.

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