The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1878-10-03
EUROPE.
A scotch Bank Fails for Five millions.

A scotch hank FAILS for Five Millions.
LONDON, Oct. 2-The liabilities of the CITY
OF Glasgow bank, which closed its doors today,
arr five million dollars. The liability of share
holders is unlimited. One hundred pound
shares were dealt in yesterday at over 92OO,
and within week at e237. The bank was es-
tablished in 1889, and had so to 60 bra inches.
Other Scotch banks have been asked for assist
| ance, but after examining the books at the
meeting yesterday, refused to do more than re-
deem the note circulation of the CITY of GIas-
gov bank, which is stated at So, 100000. The
failure has caused great excitement through
Scotland and in London stock exchange, W here
there was heavy fall in Scotch railway securi-
ties in consequence of the pressure of Scotch
holders to sell. The failure is generally attrib-
uted to the bank resources being locked up in
that were not readily convertible. The failure
will result ia serious lookup of caste IN pro-
duce.
The Austrian Dilemma.
LONDON, Oct. IA Vienna special says that
after the cabinet council at Pesth Sunday. Herr
Tisza. the Hungarian premier, visited Vienna
to report on the condition of affairs. He in
formed the Emperor of Austria that the whole
Hungarian ministry would resign unless some
limit should ba fixed to the military expendi-
ture, and the expenditure be reduced to what is
quite unavoidable. In nssquence of their
communication, Herr Won Tsza was called to
Vienna and received by the Emperor in an au-
dieuce lasting nearly an hour, at which it is
supposed that he mentioned the conditions on
which he might be induced to withdraw his
resignation. The Emperor reserved his decis-
ion and conferred with the minister of war and
chief of staff, doubtless to consider how far the
demands formulated by Won Tsza could he
complied with.
The British Fleet in the Marmorn.
A Constantinople despatch says that Admiral
Horribly has represented to the admiralty that
Artaki Bay is unsuitable for winter anchorage.
If the fleet must remain in the Sea of Marmo-
"a, it should proceed to Ismiel within two
months.
The International Peace Congress.
The London Times correspondent at Paris
telegraphs that the International Peace Con-
gress ended Thursday, with sitting somewhat
confused and occasionally stormy. M. Bratiano
defended Roumana energetcally against the
reflections of one of the speakers regarding the
alleged religious prosecutions in that province
But maj ,rlty disapproved his defence. Later
in the session M. Dupree attacked the Vatican
in offensive terms, and was stopped by the
president.
Failure of the Negotiations Betw cen Ger.
many and the Vatican.
LONDON, Oct "A despatch from Rome to
the Fall Mall Gazette says negotiations between
Germany and the Vatican have failed. Ger
many will cOncede nothing and the Vatican
cannot yield all without alternating its most
fat ful partsans
Reuters despatch from Rome says Archbish-
op of JAG bin Pdpal nunco at Vienna will
proceed to that city via Geneva and Munich.
At the latter city he will deliver to Monsgnor
Mozela the papsl nuncio instructions respect
ing the negotiations between Germany and the
Vatican.
Russia's Policy.
BERLIN, Oct 2-The North German Gazette
has significant letter from St. Petersburg saw
ing the key note of the Russian policy is tram
guilty on losses of the treaty of Berlin, and
Russia will not SUPPORT the enterprise of At
gbanistau.
Preparations for "a Winter Campaign in
AfSha nTstan.
LONDON, O3t. I'm view of the possible win
ter campaign in Afehanistap, an immediate
despatch of bedding and extra cloth, for
troops in India have been ordered