The Lamoille news. (Hyde Park, Vt.) 1877-1881, 1878-10-30
Foreign News.

The Rrthschilds have sgreed 10 rAisea loan
Of CSC. 0O0, 900 for Egypt.
The new Canadian cabinet has been formed
with Sir John Mcdonald ~ premier and minis
ter Of the interior.
AIondon dispatch says the Official report Of
the investigators INTO the affairs OF the CITY or
Glasgow bank, Just issued, l. worse than the
most gloomy forebodings. The loss shown ~
the balance sheet IL s25,954, 9lb. This loss,
with the addition OF $4,000, 600 capital; the
shareholders will have 10 make good. Hun
dreds OF the shareholders are persons IN hum
bic circumstances, who have invested Their
little savings In the banks stock; and accord
ing 10 the laws OF the country they will have
20 suffer for the frauds Of those In when
they trusted implicitly. The official report
shows the practice Of systematic deception.
Thus, since the commencement OF the year,
the weekly returns Of the amount OF bullion
In hand which the bank was Obliged TO make
10 the government, 30 as 10 show
that it's funds were maintained in due
proportion to its note issue, have been falsited
by adding thereto imaginary sums varying
from $500, 900 to o., 500, 900. The directors
reports to shareholders also oyerstAted the
amounts OF securities and bullion held in re-
serve by s4,GSS, $40 and 100000 respec-
lively, and understated the loans they granted
by s5. less, 500. The directors furthermore have
been in the habit OF treating in the balance
sheets $50, 726, 1856 Of bad debts cover half OF
which is due by four debtors) as an available
debt.
The managers and directors OF the broken
Glasgow bank have been arrested.
Twelve persons we're killed and over twenty
wounded by collision Of trains on railroad
at Pontypredd, Wales.
Bismarck's bill for the subsection OF the
Socialists has been passed by the German par
Ia of
Z" You NAV do your, worst and the issue is in
Gods hands," Is the defiant message sent by
the Afghan smeer TO the viceroy Of India and
war between England and Afghanistan 10 now
deemed inevitable.
The ceremonies of the distribution Of the
Paris exposition prizes took place IN the
Palais do / Industrie, In the presence OF an
immense and brilliant audience. The arrange
ments provided places for 20 600 people. A
mammoth orchestra was stationed On one SIDE
of the nave, opposite the grand entrance
OF honor. The whole interior was superb
" decorated with velvet, gold and silver
At 1870 p NJ q procession was formed IN the
grand salon at the entrance OF honor, and
when all had taken their places Marshal Nc
Mahon, pres dent Of the republic, opened the
ceremony OF distribution. He thanked the
foreign princes for their presence, ana the
governments and peoples who had contributed
To the success Of the exposition, and eulogized
the officials who organized it. He said that
the result showed what seven years OF self
concentration devoted TO labor have effected IN
retrieving past disasters. The recollection
of those misfortunes," ". he said +" will teach US
to develop and maintain spirit OF concord,
absolute respect for our laws and institutions
and an ardent and disinterested love or couh-
try" The minister Of commerce after replying
tothe presidents speech, read the list OF AWARDS
and diatribnted the principal prizes and decora-
| lions The following Americans have received
decorations Of the legion Of honor Commits
sioner- General Richard @. Mccormick, who Is
made commander; Professor F. A. 7. Barnard,
and William W. Story, who are made othcers
and Auguste II. Girard, secretary to the com
missioner general Henry Petit, engineer and
architect OF the commissioner generals stan
Thomas r. Pickering, superintendent OF the
machinery section Lieutenant benjamin H.
Buckingham, U. s. N, naval attaohe John
| d. Philbrick, superintendent OF the educa'
tional section d. Maitland Armstrong, super
| intendent Of the fine arts section Professor
Andrew D. White, LII. D., juror; Professor
William P. Blake, juror, and Professor ID
Knight, Ill. D., juror, are made ohevaliers
Cyrus II. Mccormick and Walter A. Wood, wht
we're in 1867 made chevalieTs, have been raised
to officers. Charles Tiffany, silverware
Thomas A. Edison, phonograph Elisha Gray
telephone James Brewster carriages, and L
A. Bridgman, the artist, are made cheyallers
The United States marines made hne ap
pearance in the display.
The British chancellor OF the exchequer, re
ferring to the fact that difficulties were bein
raised against the exc cution of certain parts @
the treaty of Berlin, intimated that renewa
OF war was possible.
Bessarabia has surrendered to Russia.