The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1878-10-21

GLASGOW, October l9.-This city is alb
sorbed in melancholy contemplation Of
the terrible n
PICTURE OF CRIME AND RulS
Presented in the official report OF the ex'
aminers OF the broken City OF Glasgow
Bank. The figures and facts are so over
whelming that even financial minds, "a
miliar with figures and cash-books, seem
to utterly fail to grasp the situation. A
kind OF apathetic paralysis appears To have
seized upon the citizens. The business
exchanges are absolutely stagnant-neith-
er better nor worse than trade has been for
nearly aweek. Yesterday fears otapanic
and run on the banks were not realized,
and the signs OF approaching punishment
for the Directors are visible, and eagerly
hailed by the whole community. A review
OF the effect on the Scotch trade SINCE the
disaster shows the
DREADFUL EXTENT OF TIE DAMAGE.
The list OF the works stopped is not ex-
tensiye, but includes the iron works of
Henderson, Bymock & Co.; the Heathery.
know ColIiery and Brick Works; Miller's
Spinning Mill, OF Dundee; several pits in
'Ayreshire; Hanna, Donald 4 Wilson, en-.
gineers, Paisley. Liabilities, 10000, and
several building yards. The following, IS
a list OF the reductions in wages already
intimated, as decided upon: Clyde ship
builders, II per cent; Edinboro masons,
Id. per hour; Dalkeith iron-workers, 10
per cent; miners, Cd. per day; lahorers.
|. per week; Bail Heston miners, Cd. per
week; Shots iron.workers, 10 percent;
Merry & Cunningham's tradesmen, 10 per
cent; Edinboro joiners, I'd. per hour; fur
mace men, Is. per day.
JUSTICE on TIE wAR.PATH.
On the question of bringing the Direct
ors Of the rotten bank to justice, the Glas-
gov Nail says: "The classification OF the
balance-sheets renders the Directors civilly
responsible to the purchasers OF the shares,
but is this the only responsibility incurred?
In England the question has surely been
tried BY the institution OF criminal pros
iecution, but in Scotland everything de-
!pends upon the view which the Lord Ad-
vocate may take of the case" tr a.
THE IMPORTANT FEATURE OF THE REPORT
Ia the deliberate Justification Of the return
made to the Government OF the gold held
by the bank against the notes issued: The
legal issue was limited to E72,92l, but at
the suspension OF the concern the note
circulation was eS63, 3,403, and the coin
amounted to only E32l, 1853; but the de-
ficieney was made TO appear less by lie.
gallyincluding the coin lying at the banks
branches. This scandalous proceeding ex-
poses the bank to tremendous penalties
under the laws Of Great Britain.
--.-rHR DIsGRARFUL STORY.
The Glasgow Evening Times says: "The
statement in the London Ttmes OF this
morning, as telegraphed to US, that the
story is one OF the most disgraceful in the
whole history OF banking, can not be de-
MED, and is perhaps all the more disgrace;
full because Of the fact that the scandal and
crime occurred in professionally the most
religious city in the most religious country
in lie world. .""Itis doubtful il any thing
more will be heard from this side about
"wild catl banking in America: *
PARIS, October l9.-Prices ut the Bourse
continue firm. Transactions are active.
The German markets maintain their rates,
and the tendency generally is upward,
although there Is no marked feature. Rem
les. fyes closed at ll3al20, threes at 20 W,
Italians at 73.45.