The New York herald., 1878-10-06
A Partial List Of Those Who Owe the
Institution.
GBY CABLE TO THE HxRALp.1

WAotucI tuc uuVauccs uuue Ny tnc uauh on
East Indian produce were heavy. Mr. Pot
ter replied that they were not. He claimed
that the Australian securities. when real
lied, would prove to be of great value-'if
they" Ohe holders of the banks paper)
"will only let us alone"
"sERESE" SECRETARY.
An interview was then had with the Sec-
retary Of the broken bank. He stated, in
answer to my inquiries, that he anticipates
no disturbed relations between capital and
labor-no strikes. On the contrary, he be-
lieves there is decided disposition among
employers and employees to make mutual
allowances and concessions He consid-
ers it an encouraging circumstance that
the Rothschilds have in their possession
s9OO, 900 (S4, 500, ,OOO) Of more than e. 600, 600
(s1O, ,OOO, ,OOO) of the banks acceptances held
in London; because, in their hands.
that amount is not burden and
capital in London may be considered re-
lieved and released to that extent. He
thinks that the distress among the poorer
class Of shareholders will be very great,
and that it will be widely spread over Scot
land. He looks upon the failure of the
bank as great calamity.
LET ALONE TOO long.
The chief cashier Of the City Bank Of
Glasgow was also found and his statement
asked. He begged to be excused from saying
anything, except that when the securities of
the concern were realized the result would
be satisfactory. He expressed the opinion
that the local papers had exaggerated and
overstated the case against the bank, and
concluded by repeating Director Potter's
desire to be let alone.
yEELINo IN LONDON FINANCIAL CIRCLEs-THE
TIMES HorxruL-PRospEcrIvE SUFFERING
ON THE ISLE OF MAN.
[BY CABLE TO THE HKRALp.1
LONDON, Oct. 5. 1873
The Times, in It's financial article this morning.
says:-.The silver market is very stagnant Were
even q moderate amount Offering, II Is gen.
orally thought, the price would relapse, but
as long as there is none to be had no ma
teriaily adverse movement in the value is
apprehended." The report OF the failure OF
large shipbuilding firm In Glasgow Is confirmed;
but the name OF the firm has not yet been pub
ilshed, though their liabilities are stated at
100000 ($3oo,o ,o0o. Two and possibly three other
shipbuilders will fail
SOME OF THE BANKS ADVANCES.
The Butionist announces the following as some
Of the advances made BY the City Of Glasgow
Bank
To WRIGHT. 500 COO
To William Scott..... IooOO0
To J. Morton 900
To william Nicoi Co.. Of Bombay, and
Fleming Co., Kurrachcc. .............. 1000 900
To Lewis Potter... ....................... 9000 600
To X Salmond .................s.... QUO 600
To W. Taylor $50 600
TO NJ. Buchanan Co. o....................... 100000
GROUNDS FOR HOPE
The Times says :--'.There is reason to hope that
the deficit when the shareholder OF the City OF
Glasgow Bank must meet VIII not exceed
siooooooO with view to afford relief to the de-
posltors as soon as possible committee OF the
other Scotch banks is making arrangements to pay
ten sni,lings In the pound as soon IS the banks
have asccrtancd that they will be safe In making
an advance TO that cxtcnti
ONE or MANY RuMoRs.
IT'S reported that Mr. Potter, OF the firm Of
Mcssrs Potter, Salmond h Taylor, directors Of tho
city Of Glasgow Bank. and also member Of the
firm OF Potter, wilson Co, which failed when the
bank ciosed It's DOORS mad large advances from the
broken bank. This may explain why he was so
reticent to the HERALD's correspondent now IN
glasgow.
s'NAv's ISHuMANrY TO NAM
The Bank OF Mona, local branch OF the City OF
Glasgow Bank the Isle OF Man. held 81, 100000 to
N,1so,ooo OF deposits, being sbout all the spare
money In the island, and many persons are left
destitute.
THE FINANCIAL Pulse.
The Economist quotes bank bills, sixty and ninety
days at AZ per cent, aud three months trade bills
st4a q per cent IL also says:-"On the Stock
Exchange, alter last weeks depression, a rather
more hopeful feeling was manifested on Monday
and prices partially revived, but on Tuesday
there was considerable amount OF
selling pressed from Scotland and rumors
were very busy, but received a decided
contradiction soon rs started Nevertheless the
railway market was very fat, North British falling
two aud tnrce-quartcrs per cent, and when, on
Wednesday, thc city OF Glasgow Bank failure was
definitely announced, the fail therein reached
another four per cent British funds aud
most descriptions OF home investments were