The weekly Panola star. [volume] (Panola, Miss.) 1857-1881, 1866-05-26
Latest NEWa.

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Financial CIRCLES hnd bnibea WA
aim Htptalti tts Government
DIVE raiyet o. suspend tho lbnt
thnftef 8et.
The hll relative 10 The public
land In Ahlnma VI lipp A.
kan IT,, Louisiana md Florida hn.
ms.ci The Senate II provides lhr
they be- Il posed Of according To the
Homestead Law of 1862, without
4 discrimination na 10 color The pat
eui price leinp -, and allows the
privilege Of securing The lands u.s.
persons who served Ia the Conicdc.
rate army by taking the oath Of allie.
glance.
The Bankrupt Bill passed the
House by a vote Of yeas, 6s nays, 90.
General J. H. Palmer, Of Tonnes
see, has been pardoncd.
Private adviccs indicate large re-
turns of 5-20s by the Cuba.
The shipment Of specie tomorrow
will probably exceed $4,000, 900.
Eighty-seycn eases Of arms have
been seized by the Government at
Erie, Penn, belongingto the Fcnians.
Samuel Cook, q revolutionary hero,
died nj Clarendon, on Sunday, agcd
1902 years.
Additional news from
London to the 18th inst, says the
!, Bank of England yesterday raised
, the rates of discount from s to o per
I. cent, and charge for special advances
: 10 per cent. The pressure even at
! these terms was enormous, and il was
only on acceptable bills that accom-
. mediation could be obtained. In the
; meanwhile additional and most Sc
= rious disasters were announced. The
most was that of the comparatively
I small banks. The English Joint
=. Stock, G., 0O0,000i then came that
: of Peto q Pitts, for ei,000,000;
{ then that Of NJ. Sherman, railway
contractor, for 100000; and finally
Z i was understood that the Imperial
Mercantile Association, whose paid
! capital was half a million sterling,
{ and the Consolidated Discount Com
e pany, with a paid capital Of a quar-
; ter Of q million sterling, must, with
: extremely heavy liabilities, pass into
$ litigation.
The London Times in an editorial
says: "If anything can justify the
, suspension Of the Bank Charter act,
: the panic which rocked the city to and
fro on Friday, May the lltb, may
f Justify the act, although we believe
J the reign Of Terror was approaching
! its end, and would have speedily
! ceased had no infraction on the Bank
i Law been permitted; and even now
ii Is probable the course allowed t.
+ the Bank will not be used. II ran.
not, however, be denied that about
: midday yesterday, the tumult be-
came a rout. The doors Of the mos.
: respectable banking houses were be.
sieged, more perhaps by a mob actu.
$ ated by a strange sympathy, whicl
. makes aud keeps a mob together
: than by the creditors Of the Banks
q and through hcaying and tumblinI
Is about Lombard street made tina
e. narrow street impossible. Such ex
element on all sides has not bceI
witnessed since the great crisis @
1926.
10 New YoRg, May 22.-The Acad
\. envy Of Music, the Lutheran Churcl
= Medical University, on Fourtecnt
a stree, and Third Avenue, were d,
stroyed by fire this morning. los
=, estimated at between three and fou
!. millions. Several firomcn were kille'
ID NEW ORLEANS, May 22.-Eigl
he parishes have %overlowed, and on
Of half the people are without foo'
ID Relief is going from the city. II
- A. -. = .-s...s.s.