Evening star. [volume] (Washington, D.C.) 1854-1972, 1878-10-21
kilograms to The Star.
THE YELLOW FEVER.
BUSINESS EMBARRAssMENTs.
Failures at Home and Abroad.
FOREIGN AFFAIRS.

LONDON, October 2l.-LacoT and Watson
shipping agents OF Glasgow and I.aith, have
failed Their liabilities are believed to be large.
Alex. Bell Sons merchants in the Spanish
trade, have tailed. Their liabilities have not yet
been ascertained. Jas. Martin Co., one OF the
firms largely indebted to the CITY OF Glasgow
accountants. Their liabilities are estimated at
from two TO two and One-half million pounds.
The Arrested Glasgow Bank Dircc.
GLASGOW. Oct. 21.-The directors of the City
of Glasgow Bank, who were arrested on Satur-
day on the charge of fraud, We're to-day az
raigned before the Stipendiary Magistrate of
Glasgow and remanded till tomorrow.
The Glasgow Failure Il Great Cal.
amitys
LoNDoN, ;,S Oct 2l:-The Times in its financial
article this morning says: 1t looks extremely
probable that a call of f5O8per share on the
shareholders OF the City OF Glasgow bank will
be enough. For a majority of the shareholders
that means absolute ruin. Some OF them can
not pay any thing, and the consequence will be
heaNy drafts upon the residue who are rich
These drafts viii paralyZe business, weaken
credit and prove source OF misery TO Scotland
1of years. Banking credit has received shock
which IS Itself one OF the greatest calamiteS a
country could undergo. Confidence is shaken
at a time when the condition OF trade required
il to be peculiarly strong. The mischief thus
done is now only beginning to be revealed. Ulti-
mately- doubtless, good will result from this
collapse. but meanwhile il hangs over the
country like a> nightmare and nobody can be
sure that II may not prove the signal for many
further disasters At the same time nothing is
10 be more deprecated than unreasOning Sus-
plcion. We are glad to find that there is in all
the banks OF London a strong feeling of con-
hdence and readiness TO help thOse requiring it
which must go far to prevent any extreme
danger. II the business public is as sensible as
most oil The London bank managers, the worst
that could happen may probably be avoidedI
The Arrested Directors.
LONDON, Oct. 2l.-Of the directors of the City
OF GLASGOW bank now under arrest Mr.. Taylor
OF the school board of that city and partner in
a large grain dealing firm in the west of Scot
land Mr ingalls, is landed proprietor in the
east OF scotland. Louis Potter is a member of a
large shipping firm in Glasgow Mr. Wright is
member of an East Indian firm in London and
Glasgow. Robert Salmond was the manager of
the CITY OF Glasgow bank when it stopped in
ls3l. Mr. Stewart is an Edinbulg merchant
lhe arrests nave created great sensation but
meet with the general approval OF the commu-
nifty.
Another Heavy Failure at Liverpool.
LONDON. Oct. q, 4:30 p. m.-The depression on
the stock exchange is caused by rlunOrS or an
other heavy failure at Liverpool.
Distribution Of the Paris Prizes.
PARIS, Oct 21.-The ceremony OF the diStrbu-
tion OF The Exhibition prizes took place to-day,
in the PdlaiS de rInduStrie, before brilliant
aSsemblage, in accordance with the programme
heretofore announced. President MacMahon
opened the ceremony with speech. to which
The minister OF commerce responded. The latter
then read the list OF awards and distributed the
principal prizes and decorations.
Going 10 Cyprus.
LONDON, Oct. 21.-HOn Frederick y stanley
secretary OF state and war, and Hon. William
Henry Smith, first lord OF the admiralty viii
leave Paris tomorrow for cyprus from which
circumstance it may be inferred that no more
important business Is expected TO come before
the cabinet for some time.
austria. France and England.
The Vienna correspondent OF the Manchester
G"cF"ioi3 telegraphS that negotiations are rend-
ing between Austria, France and England with
TIE ODiccG OF securing a common treatment OF
all European questions as q counternoiSe to
Russia and substitute f0r the Kaiser bund an
entente between France. England and Austria
Count NonbeuStfS appointment as ambassador
to Paris is believed 10 be connected with this
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