Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1875-06-02
NeF YOrLL Einus-


NEW YORK, June 1.-The EUeRin0
Post says the news Of the failure Of the
Abedare Iron Company Of London,
England, causes general surprise among the
iron trade Of this city. a prominent man
in the trade, considers it a remarkable and
important failure. The Aberdare Iron
Company is a very old concern. It has ex-
tensiYe factories in Wales, where it has
for many years turned out a thousand tons
Of railroad iron. The company has done
but little for a year or two past. The
American demand fell Off entirely, and the
continental trade was very much slessened.
Then there have been numerous protracted
strikes which have caused annoying and
expensive delays in fulflment Of orders.
A strike took place recently which lasted
i've or six months, and it is believed that
this last interruption has fastened the
downfall Of the company. 1t is not thought
the failure viii affect the iron trade here.
The failure of SandersOn & Co, leading
bankers in London, and a firm which failed
in 1857 but afterWard recovered its business
standing, will doubtless cause much dis
tress in many households throughout the
kingdom. Like Overend, Quincy & Co.,
they held a vast plumber Of small deposits,
and their failure 70 the extent Of fSO0,OOO
will be the most painful result Of this COM
plicated business disaster.
Cuban Intervention.
LONDON, June "A deputation from
the Anti-Slavery Society, comprising Sir
I. BOsely F. Taylor, COrbett Pease Kin
naird, and Evalyn Ashley, all members Of
Parliament, yesterday evening presented a
memorial TO Lord Derby, urging
on the Government the duty Of
taking decisive steps b. way Of friendly
meditation, to bring about an equitable
termination Of the war in Cuba and the
abolition of the slave trade. Mr. Ashley
said that as the United States had re-
linquished the idea Of anuexing Cuba, its
good Offices might be relied on to sup
port this movement.
Others Of the delegation called attention
to the atrocities in the cOolie traffic.
Lord Derby replied that the government
had no right to interfere in the COOlie Ques-
tiOn. An assertion made BY the mem0ri-
alists that the Cuban war was fast Cuimi-
mating in favor Of the Insurgents was at
least premature. lie did not think
Spain would view any proposal Of |
mediation favOrably. She would doubt !
less answer, ave must first finish the Car |
lists, then we shall have all our forces dis !
POsable for finishing the war in Cuba" At 1
the same time, continued Lord DERBY, the |
British Government would be very glad TO |
avail itself Of any prospect offered /
for putting an end to the existing state Of |
things in lUba. The emancipation Of the /
slaves would, no doubt, sooner or latter, be /
The slave owners are /
aware Of this, and are only fighting for the /
of the present system.
He believed emancipation could not /
be accomplished by itself, but /
must form part Of complete scheme for /
the paciication Of the island, The present |
time was not favorable for English inter
ference. He believed the United States
had no desire 10 annex Cuba, but, al the i
same time, the American Government and
people would receive any attempt Of Eng
land to interfere between Spain and Cuba
with considerable suspicion, and be apt 10
put a wrong construction upon it.
Not Badly Hurt.
The Times money article says in regard
10 the recent failures that the rumOrs
which prevailed for some days previous to
yesterdays announcement may probably |
have been the salvation of many who !
set to work vigorously curtailing their liza
bilities and increasing Their cash balances.
The Nejrs characterizes the Tines com
palisOn Of the present failures to that Of
Overend, Guerney * Co. as a gross exag-
geratiOn.'