Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1878-10-06
THE BURSTED BUBBLE.
SERIOUS EFFECTS OF THE GLAsGOw
BANK FAILUREl
About all the Spare Money of the Isle of Man
S"aiio"ed In the Wreck-Reckless Ad-
vances Made to NEUTRALITY-SUSPICIOUS. Fail
ures TO Observation-Disclosures Old World
News.
CITY OF GLASGOW BANK r.,,npr

Val OH 0AAodOW BANK FAILURE.
LONDON, Oct 5-It is rumored that Potter.
one OF the directors of the City of Glasgow
oank, and who was also a member of the firm
OF Potter, Wilson & Co., which failed when the
oank closed its doors, had large advances from
the broken bank. The bank of Mona. local
branch Of the City of Glasgow bank, in the
Isle OF Man, had a million and half to a mil
non ana three-quarters of dollars of
oeposlts about all the spare money
in the island, and many persons
are left destitute. The Times saws: There
is reason to hope the deficit which the share
| holders of the City of Glasgow bank mnst
meet will not exceed $40, 1000. The
name OF the Glasgow ship building
public. The liabilities, however, are placed At
S6o, ooO. Two and possibly three other ship
building firms will fail. With view to afford
reilet to depositors as soon as possible COM
m1ttee OF other Scotch banks is making ar
rangements to pay ten shillings on the pound
as soon as the banks have found they will be
safe IN making an advance to that amount.
Inc Butltonist announces the following as some
OF the advances made by the city of Glasgow
bank: 70 james Wright, $2,50O,OO0; to VIM.
Scott, S765, 600; to J. Morton, $1,5OO,OOO; to
Nm. Nickel d Co., of Bombay, and to ID. F.
Wlng 20, OF Kurrachu, $6,0O0,000; to Lewis
Potter, $9OO.OO to r. Salmond, $500, 900; to
W. Taylor, $850,000; and to M. Buchanan &
Co., 100000. "D"n y
SILVER MARKET
LONDON, Oct. 5.-The Times, in its financial
article, says: The silver market is yery stag
nant. Were even moderate amount Offering
it is thought the price would relapse, but as
long as there is none to be had no material adj
verse movement in value is apprehended.
ANTIsoCIALIsr BILL.
BERLIN, Oct. Bismarck has had confer
ence with the Grown Prince regarding the anti
socialist bill, which, it is seriously feared will
fail, as majority of the Reichstag persistently
refuse to yield on the question of limiting the
duration of the law.
THE AsIEER AND JOHNNY BULL.
LONDON, Oct. "a dispatch from Simla con-
firms the report of the arrival of four of the
Ameer's infantry regiments with six guns in
front of Ali Musjid, and says: 1t is generally
reported British force is advancing from
PeshaWar IN he direction of Jamroyd with a
view of attacking Ali Musjid. and that the
Amer IS masaing troops at Ali hEusjid and Can
dahar and threatens Guctta. A strong feeling
of hostility exists between the Kyberee tribes
and the Amer.
DEATH OF SIR FRANCIS GRANT
MELToN-MowBRAY, Eng, Oct. 5.-Sir Francis
Grant, the famous portrait painter and presi-
day.
OCCUPATION WELCOMED.
VIENNA, Oct. 5.-The official report from Gen.
Phlllipovich says a large majority of Bosnians,
including Mohammedans, welcome the crush
ing OF the instruction with unquestionably
sincere assurances of devotion and LOYALTY to
the Austrian crown. The Emperor wrote per-
sonally to Gen. Phillipovich on the occasion of
the capture OF Vlzgrad, again thanking the
communicative chief for his vigorous action
and the officers and men for their gallantry,
and expressing the hope that the day com
menced an era of peace, reconciliation and
prosperity for the occupied provinces.
THE PORTE PROTESTS
CoNsTANT1NoPLE, Oct. 5.-The Porte has sent
circular to the powers requesting them to
compel Austria to conform to the declarations
of her plenipotentiaries at the congress and to
stop the advance and excuses Of her troops
pending the decision of the powers Unless
this is done the circular says the Porte will
consider Austria violator of international
law.
TURKEY AND GREECE.
ATHENS Oct. 5.-The Official Journal states
the national assembly of Crete, deeming the
concessions offered worthless, have instructed
their representatives at Constantinople to dis
continue negotiations, and have sent protest
to the foreign consuls declining to proceed with
the negotiations with Muhktar Pasha.
DIPLOMATIC RELATIONS.
BELGRADE, Oct. 5.-The Servian government
has received the Portes reply to the request
for restoration OF diplomatic relations. The
reply is most amicable and desires renewal of
friendship.
REFORMS IN TURKEY
CoNsTANTINoPLE, Oct. SIN the negotiations
with England respecting reforms in Asia Minor
the Porte has manifested desire to INCORPORATE
reforms in the scheme, which shall be applica-
pie to the whole empire. Layard, British am
bassador, has opposed this course throughout.
The diplomatists are waiting with great curl
| oslty TO see how the matter will be settled. be-
cause from the Porte's decision it will be pos
sible to estimate the extent of England's flu
ture influence in Turkey. The hesitation Of
the Porte is chiefly due to England 3 disinclina-
ton to render pc uniary assistance Layard
expects an early and favorable reply, as he has
a. eady received the sultans promise to that
effect. The sultan has also written to Queen
Victoria declaring his intention to inaugurate
English institutions in his dominions.