Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1878-10-04
THE CITY OF GLASGOW BANK,

nearly all OF which the law cOmpeIS the
! bank to hare gold. We believe we are correct
in saying this deplorable catastrophe is, with
reference to Scotchtb a whole, entirely
an exception, and that other banking insti-
tuition in Scotland is in any way mixed with
the City OF Glasgow bank, or has been engaged
in the business of the kind which led to the
failure. Attempts have been made in the city
| to complicate matters by saying there was a
panic, but there has been no panic. The Bank
of Eng land is in an exceptionally strong posi-
ton relatively to the extent of business going
on and the state of affairs is very different to
what it must have been had the disaster hap
pened to bank whose soundness had been
above suspicion.
The Financier anticipates no additional bank
failures, but it says some mercantile failures
can hardly be avoided which may extend into
the iron districts of the North of England.
DINING GRANT.
PARIS, Oct. 3.-Gen. Noyes, United States
minister to France, will entertain Gen. and
Mrs. Grant at dinner to-day. Among the
Americans invited are John WEIGH, minister to
England; John Kasson, minister to Austria;
j. NJ. Meredith Read. charge d. affairs to
Greece Gen. Hazen, United States army; Gen.
Lucius Fairchild, consul general at Paris; Gov.
Mccormick, commissioner general to Paris
exposition; Gov. Smith, of New Hampshire,
and Miss Waite, daughter of the chief justice.
EAST INDIAN FIRM FAILS.
LoNI,oN, Oct. 3.-Smith Fleming 4 Co.,
East India merchants, Leadenhall street. E.
c., Lo1ldon, have failed, and the liabilities are
several million dollars.
AUsTRo-HUNGARY.
LoNI,oN, Oct. "a Vienna dispatch con-
firms the report that the emperor has accepted
the resignation of Herr Won Sell, Hungarian
minister of finance. Other ministe will only
withdraw their designations on acceptance by
the gov eminent of the following conditions:
The ISIS ne of joint Austro-Hungarian loan;
the conclusion Of a convention with the Porte;
the red uction of the army in Bosnia. and the
abandonment of occupation of Novi Bazaar
The latter condition has been already accepted
TIE second depends on the Porte. The Austrian
loan would reduce the Austrian credit to the
same levy as the Hungarian, therefore con-
| fict bel tween the two cabinets is imminent.
STANDS BY SELL.
PEsrl3, Oct. 3.-At a council of the Hungnr-
ian ministers to-day, all resolved to support
Herr S2ell and signed their designations, which
| Herr Tiza the premier, will personally deliver
! to the emperor tomorrow at Godalle.
LOSSES.
The total loss suffered by Austrian troops in
| Bosnia and Herzegovina has been about 4. 600
| men.
| HAVANA, Oct. 3.-Jacmel was visited by an
other hurricane the 25th of last month and two
vessels and all the lighters in the harbor lost.
| Many houses were destroyed.
RESURRECTION.
! A tie tegram from Jamaica contains rumors of
| an ins,1rrection in Santa Cruz. Murders and
other atrocities are reported. The negroes are
] said to have possession of the island.
| PROVINCIAL CABINET.
| LONDON, Oct. ga dispatch from Pesth
says: It is believed Herr Tisza will be asked
| to form, a provincial cabinet to act until the
| opening of parliament.
| FATAL FEVER.
\ MAJ rid dispatch says Considerable alarm
has been caused in that capital by the appear
ance of twenty cases of what was supposed to
! be typtlus fever in the most populous quarter
of the city. 5hree sufferers having been admit.
ted to the hospital Thedoctor to-day declares
| that their symptoms are those Of yellow fever.
and that the infection was brought from Cuba
by soldiers. The patients in the hospital are
in critical condition OF the persons attacked
and treated at home, eight or ten died. The
board Of health declare that there is no fear of
an epidemic, but every precaution is being
taken to prevent the spread of the disease.
THE AFGHAN TROUBLE.
LONDON. Oct. A dispatch from Kasanlie
says the movement AGAINST Cabul will begin
i'm mediately. A similar dispatch reports that
no communication has yet been received from
| the Amer. The natives bring down word that
| the Amer is collecting his forces from all
/ quarters to oppose the advance of the English.
Minister Layard is expected to arrive in Eng
land at an early day to consnlt with the gov
eminent on the subject of British policy in the
East.
LONDON, Oct. 3-The Times in it's financial
mr. TO ho 70, I,,,o ALL
City of Glasgow bank: Smith, Fleming & Co.
East India merchants. of Leader Hall street.
are liable for cash advances amounting to E53.
GOO and acceptance for G9G0. Altogether, the
City of Glasgow bank loaned f5,S23,OOl
to four firms, the reputation of one
or two of which has been anything
but good for years past. The opinion expressed
by the bank managers is that more reckless
course of gambling with other peoples money
has never been pursued by anybody of man.
as this could never have been entered
into had there not been either the
weakest or most willful sanction of specula,
ton OF these firms, coupled with negligent
system of supervision, which is hardly short OF
criminal. The bank, it is estimated. will
show q deficit of some 100000 900 sterling
which to knowledge of the managers hac
been accumulating for years, yet the dividend
had been increasing.
RUSSIA AND ROUMANIA.
LONDON, Oct. ga dispatch from Buchares
says it is rumored there will ioe new conyen
ton between Russia and Roumania, which nj,
give the former the right of passage thronol
the Dobrudja in of future wars wit
Turkey.
SUICIDE.
LONDON. Oct. 4,-According to Berli,
newspaper Prof. Petermann. the geographer
committed suicide in consequence of domesti
troubles. His father and brother died in th
same manner.
Weather To-Day.
!, WASHINGTON, Oct. fl A. A--Indications TO