The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-10-29
THE DOMINION OF CANADA.
SPECIAL CORRESPONDENCE OF TINE HERALD.

SPECIAL Correspondence VI ] Ne HERALD.
Shaky Condition Of the Bauks-NIoney Power
In Politics and the Church-socinl Demoraii.
xntfon-Executive Interference In the Elec-
lions.
The great sensation OF the has been the financial
excitement caused by the failure Of tho Commercial
Bank Fears for It's safety mad long been fe conf
restored BY the action OF the
directors in reducing the capitai-a which
looked upon highly judcioua Tho real Of
the failure was, unquestionably, the inability Of the
bank to realize upon the bonds OF the Detroit and MIL
waukee Railway Company, which held security for
payment Of ST. 100000 in the shape OF loan made
years since. This made the manager OF the
Great Western Railway who at that time was also
sger Of the Detroit and Milwaukee. The bank thought
all the tine that the money would bs repaid by the
Great Western; but Mr.. Bridges too for the
bank and succeeded in getting the debt sadded upon
the company, to whom the bank had idea 1t
being lent couple OF lawsuits grew out Of the
matter, ana finally the bank had to take bonds in pay
ment Of the debt but the taking OF their capital Of
large a crippled the efforts Of the directors and
they Obliged TO succumb, after failing to get
sistance from any quarter. Application was made TO
the other banks and the but without effect
Much blame Is thrown upon the manager of the Mon
rea Bank but wrongfuy, for he not long since gave
the Commercial assistance the extent of $500 0O0
The amount asked TO tide them the last difficulty
$780, 000 The fact of the Montreal Bank being
Of onopozing the money business OF The coun-
try has had great effect In creating l-w for the
II Is the government bank and dictates its
AFRAID Of il, and not ali Mr.. Cats PERSUASION could in
duce the TO do any thing towards giving the
Commercial assistance In It's extremity The Bank OF
Montr al has bee me huge mon0p lv, and a strong
feeling Is manifested against It because OF the power and
influence 1t Yields
the other banks-the Royal Canadian in this city, and
the Gore, in Hamilton No harm done, however,
for both enabled to moet all demands made upon
them There Is reason TO suppose that our banking
institutions neraly are In weak condition because
the Commercial has gone down aud a slight panic has
been aroused The Commercial Bank had been c0nsid-
cred unsafe for time, owing TO heavy losses and
the fact becoming known depositors withdrew largely
and thus led the disaster The bank had half mil
lion OF gold In its Golfers the time OF SUSPENSION
In addition to tho Detroit and Milwaukee loan II Is
derstood that Buchanan, Hope Co.. OF Hamilton, who
eaentiy failed, owed the bank half q million. The
Church OF England holds large amount OF stock in the
broken bank the whole OF the fund derived from the
The Church OF Scotland has likewise a largo sum
similarly locked up The failure has done great injury,
there many very heavy loses among private
| dividuals, one gentleman losing 500, 900.
Scoundrelism rife In this province IL Is
at present IL seems as # gang OF sharpers had been
LOT loose prey upon the community by the
caliy means that could DO devised One day have
fellows announcing bogus performances in order that
thes make money out OF duped people; another
day have some pretended business agent fleeing
tradesmen by Offering them bank checks which do not
represent any money yet out OF which the depredaor
makes ready money; tho checks being for larger
amounts than the goods purchased TO, he Is paid
the difference money. But tho expert of all
fellow who passed himself OIL upon three Of the Lieu.
tenant Governors military out OF funds but hav
ins plenty coming TO him IN short time In the form Of
remittances The scoundrel drove extensive bust
this way and victmized the three Gov
q Large amount and has made good his Two OF
the others have been cared Tor and are likely 10 receive
their deserts
There is good deal of noise about certain govern
meut officials Interfering tho elections against
the government and their dismissal Is suggested Tha
the policy pursued by the rcformers, and 1t Is
thought that they should not object to they
freely INDUCED In themselves. There probably
a time when many public officials meddicd In the
elections both sides, and u Is expected that
example will be set In former years official dared
even vote; have altered since them and
last elections the veried gentry securing
the country 10 all directions some or them against their
masters bat WHY any Of them were found against the
government Is surprising they generally go with the
party employing them. crown lands agent down the
country aud clerk IN the emigration agency here
iabored most assduousy nth the anti IN nsteralists
aud did good work among the Roman Catholics but
thev now marked mon. In all probability they will
be sent to the right about at the first opportunity
Mr. Sandned Macdonald Ircmier Of Ontario, has
been reported as com ng to loggerhcads wtn SIR John
Macdonald; but " ~ evidently unfounded The
cause said to be difference OF opinion respecting
the appointment. Of magistrates both claiming TO have
the authority TO do So Whatever may have been the
truth Of the rumor 10 that all smooth be-.
tween them nj present The provincial Premier Is ap.
pareu,y much put at finding that his patronage is
30 limited His appointments to the local government
simply nominal the greatest number Of tho officials
having been sent up from Ottawa.
III.
Lands Is still without seat In Parliament and very
likely TO get ono soon II Is said that he intends
to hang on until some member Is generous enough
TO resign In his favor: and there Is talk
or Mr. SUPPLE OF South Renfrew. being the
accommodating person. There 10 also a vacancy
In the general government Mr.. Archibald having
signed and no from Nova Scotia being yot APP
pointed take his place. IL will bs awkward TO have
vacancy 10 the one government and . member OF tho
other without seat In the Legislature Mr. Sandhed
Macdonald has not shown much Rencraisbip In this
natter or he would have cast Mr. Richards overheard
aud taken In some one who could get . seat.
Inc abduction OF Magee who made his escape TO this
province, gave rise TO much il.feeiing, particularly
against the authorities At Kingston. and investigation
having made into the matter by the Mayor Police
Magistrate and Recorder II has been decided that the
the Kingston policemen were not to blame, ~ they
acted under the instruction OF the Crown Attorney II
s quite clear that Magec, who had been in
carcerated In the Clinton IN W State Prison.
forcbIy taken from Kingston, In direct violation Of
been his crime the treaty does not provide for the az
tradition Of prisoners making their escape from prison
while undergoing sentence II was clear OF kid
mapping, and that the Canadian authorities have
been exonerated our government will have 10 taks
cognzance Of the matter by calling upon the American
government to explain WIN Magec WAS pursued into
this province and taken back TO Cllutou by forcbls
means, and without any attempt 10 satisfy the authors
ties this side that the coming under The
AshDurton treaty.
Mr.. A. c. Tynsr young journalist OF great promise,
died In this city on Thursday ast after long Illness
He only twenty seven years OF ags
grand military ball took place In Hamilton last
evening, at which Lieutenant Governor 81 sted and
Hon. John s Macdonald, Premier, present II -
said 20 have been . splendid affair.
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