The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1878-12-09
FOREIGN NEWS.
Gloomy Financial Outlook in
England.
The Week Closed in Gloom and
Fear.
Conflict of Opinion on the Afghanistan
Campaign - Beaconsfeld Pro-
poses to Divide with Russia
The Ameer Will Then
Be Out in the Cold.
FOREIGN NEWS.
ENGLAND.

Z ENGLAND.
SUSPENSION OF WEST OF ENGLAND ASI
. SOUTH WALES BANK. 81
BRIsroI, December S.-The directors o
the West OF England South Wales Dis
triCt Bank. issued circular to-day (Sun
day) announcing the suspension Of the
bank, owing to the drain on its deposits
caused by the persistentandoften uniusti
liable adverse rumors whic b have beer
circulated for weeks past. They say the
books show that the bank is solvent. The
directors hope TO reconstruct the bank
The utmost CONSERVATION preyailsin South
Wales.
LONDON, December S.-The West o.
England and South Wales District Bank
had y branches. Its liabilities are 81, 500
900. It's assets are stated at the same
amount, but rs they consist OF local bills,
which are not negotiable in London, the
Bank OF England refused to advance upon
them. The run upon the bank for the
last few days has been so persistent that
the cash in hand is admitted to be only
81, ,527, 900. The shareholders numbertw
thousand and their liability is unlimited.
NEGOTIATIONS TO BE RESUMED WITH RUSSIA
LONDON, December S.-A correspondent
at Pesth says: The new Turkish Minister
has resumed negotiations with Russia re-
lative to detinitive convention at the
point where they were dropped by their
predecessors. The conditions OF evacua-
lion are alone unsettled, but England has
suggested scheme which she has advised
Turkey to accept and 10 which Russia has
already assented.
LoSDoS, December IA telegram from
the Captain Of the British troop ship
0rontes, dated at Malta, says there is no
truth in the report cabled from Halifax
that boats crew from that ship had been
lost in attempting to rescue aman who had
fallen overheard.
A new four per cent Canadian loan,
ES 100000, was rendered for yesterday.
Only El,6l9,000 were allotted at an aver
age OF El9 l2s Cd.
The financial week closed in gloom and
fear. The fact is the country has not yet
recovered from the shock given by the fail
ure OF the City OF Glasgow Bank. The
banks and journals have done all in their
power TO minimize the gravity of the varl-
Gus failures which have since followed, but
the public mind has not been satisfied
with the sanguine views thus presented.
Now comes rthe suspension OF another
large and important Scotch establishment,
the Caledonian Bank, at Inverness. II
seems to have been doing tolerably
safe business, but unfortunately it held
four shares OF stock in the City OF Glas.
cow Bank, and although the par value OF
these was only e400, the law makes. the
holder responsible for all debts OF defunct
institutions, so far as holder can possibly
pay. The failures that have occurred since
The collapse OF the City II Glasgow Bank
have been very numerous and heavy, and
now fresh crop OF them is expected. The
quarterly statements OF the condition OF
the ioint stock banks in England and
Scotland, which will be shortly due, are
looked forward to with much anxiety, and
they will be closely scanned. tits feared
many OF these banks, while showing q NOM
inal good surplus, are really insolvent.
In military circles there is q conflict OF
opinion as to whether it will De possible
to complete the campaign Of Afghanistan
this year, or whether the English armies
will not find themselves compelled to
winter at post already occupied and wait
until spring for an advance on Cabul. II
is strong urged on one side that bold
dash now would place the army safe in
CabuI, with the Ameer the prisoner OF the
English commander, and roads lorsupplies
could be eaisly kept open. High authori-
ties on the other hand declare the Ameer
has thus far been only making feigned re-
sistance, and he wishes to draw the Eng
lish troops into fatal trap he has set tor
them. This latter opinion does not receive
much popular acceptance at the Carlton
Club aad the Army and Navy Club.
1t Was freely said tonight that Earl
Beaconsficld and Lord Lytton had prepar-
ed another agreeable surprise for the coun-
try-that ut the close of the Afghan cam.
paisn the ruler OF that country would find
himself fdethroned, that the country would
be cut in hall, the northern portion OF il
given to Russia and the southern half an
nexed to British India.
LONDON, December S.-Upon Mr.. Cross
attention being called TO the Paris Exhibi.
ton Lottery tickets, he replied, saying
that he had referred the matter 70 the
Solicitors OF the Treasury for the Crown
Officers opinion thereon.
The British Ambassador at Berlin has
specially congratulated Emperor William
upon his recovery, and on his being able
to resume his duties,
The Emperor, replying TO an address
from the Town Council, thanked it for it
cordial welcome, and reiterated the rea
sons for the alteration and passage oi
special laws for the better protection o.
society.