Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1878-10-10
FOREIGN NEWS.
THE AFGHAN ROW,

is a noted general. The whole garrison
Of Peshagur is marching against Al
Musiid. 1t is even reported to-nigh
that the place has been captured. The
/ government will issue a proclamation
announcing its intentions to-day"
A Bombay dispatch says it was intend
ed to attack Ali Musjid to-day. Al
Afghan army is proceeding to Koorum
A dispatch from Darjeeling says 2OC
men Of each regiment at Pes
hagur, and horse artillery with
forty-pounder batteries, have gone tc
JamrOod. 1t is reported four Afghan
regiments, with six guns, advanced
to the mouth of the Thukkhybee Pass
Many white and Sepoy regiments are
fastening to the frontier. The commits.
sairat arrangements cause grave com.
plants"
ROYAL BETHROTHAL.
A London cablegram of Oct 9TH says
The rumor of the bethrotal of Prince
Napoleon, son of the late emperor, to
Princess Thyron, daughter of the King
of Denmark, is received in the London
correspondence of the provincial news
papers.
HEAVY FOREIGN FAILURES.
London advices of Oct 4th say the
total liabilities Of Smith, Fleming &
Co., East India merchants, whose fail
ure was announced yesterday, is es-
tImated at over 100000; the labil-
tiles OF their corresponding firms, which
fail with them, VIM. Nicols & Co. and
Bernlevy, Fleming & Co, of Kurrache,
InnhtlpcS 0n,,CiI III,
It is understood however, that
in consequence of exchanges of
paper between the City OF
Glasgow Bank and the Indian houses,
the same set Of liabilities will be found
repeated in the balance sheets of all
these failed establishments. The FEnan-
cier says it is naturally certain that all
firms concerned in this sort of circular
bill-flying, must succumb. One house
in Scotland and Australia is concerned
in this paper to the extent of e5, 100000;
one doing business in Scotland and the
East, 9250, 900; and one located in India
over 98,000,000 for acceptances, and
E500O00 for cash advances; to three
other Indian houses an aggregate in
debtedness Of G250,000. The Findnciel
estimates that the shareholders of the
City of Glasgow Bank must meet de-
ficit of 92O,000,900, placing the failure
among the most disastrous on record.
REVOLUTION IN THE WEST INDIES
A special from st. Thomas, West In
dies, under date of Oct 3rd, says: In
formation has just been received here
Of the outbreak of q serious insurrec-
ton on the island of ST. Croix. There
has been a great deal of destruction of
property already, and several promi-
nent whites have been murdered by the
negroes, The whole population of the
island is $4,000, and large proportion
Of them are colored. Quiet continues
to prevail here.
THE BOSNIAN WAR.
Belgrade advices under date Of Oct.
3rd state that news from various parts
of Bosnia show that the Turks and in
surgentS have abandoned further open
resistance, having become convinced
that neither moral nor material assis-
tance can be any longer hoped for from
the Porte, unless other political COM
plications arise Upwards of four
thousand insurgents fled to Servia,
where they have been disarmed, and
among them are two Pashas, two hun
dred Beys, and a whole battalion of
Moons. They brought with them three
Krupp guns, two thousand breech-
loading rifles, horses, etc. Small bands
cross the frontier daily, with their
wives, children and property
n FIFTY MILLION FAILURE.
A London cablegram of Oct End
says: The city of Glasgow hank has
closed It's doors. Its liabilities are stated
to be fifty million dollars. The Iiabil-
tiles of the shareholders is unlimited.
One hundred pound shares of the bank
were dealt III yesterday at over 9200.
The bank was established in 1889 and
had fifty to sixty branches. This is the
heaviest bank faillre in Scotland since
1907, when this concern also suspended.
Other Scotch banks were asked for as
sistance, but after examining the books
at meeting yesterday they refused to
do more than redeem the note circula-
ton of the city of Glasgow bank, which
Is stated at hree and one-fOurth million
dollars. The failure has caused great
excitement throughout Scotland and in
the London stock exchange where
there was a heavy fall in Scotch railway
securities In consequence of the pres
sure of Scotch holders to sell. The
failure of the bank is attributed to its
resources being locked up in bills,
shares and debentures of various kind
that were not readily convertible. The
failure is very important-not less than
natiOnOl disaster. The failure of the
city of Glasgow bank is believed to have
been IN consequence of large advances
on American securities, grain and real
estate, the values of which are largely
depressed.
MORE OF THE GREAT BANK FAILURE
A London dispatch of the 4th inst.
says the Times in its financial article
this morning, says: 'The City of Glas-
gov bank had 143 branches. 1t has
paid progressively increasing dividends
for several years past, until it reached
] per cent. 1t would be incorrect to
say that the disaster was unexpected;
on the contrary, in banking circles it
created no surprise, for the bank had
been losing credit gradually for ten
years past, yet Scotch banks In Lon
don were not in possession of informa-
ton which showed that the end was &C
tually near until Tuesday morning.
RumOrs Of the bank being in difficulty
had been so often circulated before
within strictly banking circles, that the
of them did not excite partic-
ular interest on this occasion. The