The New York herald., 1878-10-23


(s2. APO, 0OO). We, it seems, although
ignorant of it before. are possessed Of
an American railway in which these gentle
men or their predecessors were good enough
to sink million sterling and called it
banking. We possess some forty thousand
acres of land in New Zealand which the di-
rectors last year purchased, which they
have stocked and taken to the task Of farm
ing instead of the task Of banking. Still
that ground is valuable. Then there are
insurance policies for s6OO, 900 (s2, 904, ,0O0).
They are of value; even wicked men some
times die. (Cheers)
PLAN.
"Here is my proposal Organize COM
pany, called The City of Glasgow Bank
Assets Company with capital of
100000 (s9, $50, ,OOO), a1,OOO,OOO of it
consisting of ordinary capital. the other
81, ,0O0,0 900 consisting of debentures. Let
the company purchase from the liquidators
whatever assets they are prepared to throw
into the market at full market value, or
should be carried through you would within
year be able to hand over to the liquida-
tors GO, OOO. 900.
MAN AS WELL AS A MINISTER.
"Many may speak harshly Of the position
I have chosen to-day to occupy They may
say am mingling too much in secular
affairs. I reply that in my opinion we'll
doing is righteousness. cloud applause.) If
the directors believed that religion con-
sisted less in solemn phrasings than in
right doings, serving God in their day and
generation, we should not to-day be placed
in these calamitous circumstances. For my
part am not disheartened. If my services
be of any value in promoting the scheme
shall, saving my sacred Office, devote my
time and attention to forwarding its sue
cess, believing that in doing my humble
little to lessen the appalling pressure of
the calamity on many suffering hearts am
serving my Maker and Master as we'll as
when preaching His blessed Gospel. In
Gods name and by Gods blessing let us
bravely and faithfully struggle through and
emerge with honor untouched and reputa-
tation mistaken" (Cheers.)
VOLUNTARY LIQUIDATION.
Mr. John Wilson, Treasurer OF the City of
Edinburgh, then moved that the banks af-
fairs be wound up in voluntary liquidation.
This was carried with only one dissentient
voice. The following liquidators we're then
nominated William Anderson, Glasgow;
George Auldjo Jameson, Edinburgh; John
Cameron, Clydesdale Bank, and Mr.. Hal
dane, q partner of Mr.. Jameson. The
usual vote of thanks then concluded the
meeting.
THE EDINBuRau PRrsoNERs.
The Edinburgh prisoners have arrived in
Glasgow and were examined to-day before
the Sheriff With the others they were
CONSIGNED to Duke Street Prison, where,
unless bailed, they will remain until the
date of the trial.
RESULTS or THE SMASH.
The Clyde shipwrights have accepted
reduction of seven per cent on their wages.
The liabilities of Couper, Scott d Co., of
Glasgow, whose failure was announced yes
terday, are about s2O. 900 (s96, ,SOO).
THE COMING TRIAL-pELrKF THAT SOME
OF THE RAscALs WILL TURN QUEENS EvI-
DENCE.
from the Evening Telegram OF Yesterday
ESPECIAL CABLE DESPATCH TO THE TELL GRAM.
GLASGOW, Oct. %, 1873
This morning the adjourned hearing In the
case OF the imprisoned officers OF the Bank
OF Glasgow took place. Each OF them was
placed in charge OF q detective and brought
TO the bar of the Central Police Court After
a consultation with the "fiscal," the presiding
stipendissry magistrate again remtted them to
the care OF the Sheriff OF Lanarkshire. 1t is under
stood that this was done at the request of the
Lord Advocate. They were then removed to the
County Buildings to await iurther hearing. The
declarations OF the prisoners have been made in
the following order:-Robert Sumner Stro.
mach, the manager, made the first de-
ciaration, then old Lewis Potter, then
Robert Salmond, director, who was followed by
the others in due rotation. All OF the inculpated
officials have obtained excellent counsel 1t is
thought possible that an application will be made \
to morrow to have them admitted to bail The or
iencc with which they all charged is q baiIabc
one.
STANDARDS OF REsPEcrABrLrrY.
The following are the legal standards, which
show the prevalence OF caste In Ola Caledonia In
the amount Of money to be furnished by bonds
mcn:-
Twelve hundred pounds for a nobeman.
six hundred pounds for landed gentleman.
Three hundred pounds for burgess.
The bondsmen must, in all cases, be householders
or me erchants
WHEN WILL THE PRISONERS TRIED.
1t Is not positively known when the criminal
,r,ai OF the prisoners will take place. The gen.
era impression among the members OF the Bar
ts that IL will not be later than December II
is understood that IL win be neld In the Circuit