The daily gazette., 1878-10-26
FIFTH EDITION.
Gloom on the, CT de.
is 1T QUEENS EVIDENCE.

II
MR.. POTTER TELLS ALL HE KNOWS ABOUT
HIS ooADJUToR-srRIKEo OF THE BOIL
EN- MAKERS AHD TRoN sHTP wHrHrs.
GLASGOW, Oct. 25.
The f500 called for ON each share of
the City of Glasgow Bank fiOO) is made
payable In two instalmenis in December
add February. This would make the as
sessment slightly essierto be met If there
were any good reasons for believing that
financial affairs would take amore favo-
rable turn. But such a feeling is not
rally entertained. Mr.. Potter, of Potter,
Wilson, & Co., director of the bank,
underwent protraci ed examination n this
afternoon by the Sheriff having been
summoned at his own request. The pro
curator Fiscal continues the official in-
vestigation of the bank examiners and
the heads Of departments. The detec-
tives are on the track of Mr.. Fleming,
and are confident of capturing him.
THE CLYDE STEAMSHIP INTEREST.
There YVES a meeting of the Employers
Committee this afternoon to consider the
proposed reduction of wages. The al
tendance was quite large. Memorials
were pr sented from the boilermakers
and iron shipbuildels. These tradespeo-
pie are all willing to compromise on q
reduction of five per cent, with piece
WORK ana time wages unchanged. No
further CONCESSIONS could he entertai ned.
THE sHIpwRIoHys MEMORIAL.
The shipwrights claimed in their memo
ORAL that according TO the precedent es-
tablished in 1S75-on which occasion the
amount OF work on hand having justl fed
a reduction, the wages current in 1872
were accepted by the men there should
not be areduction of wages In their trade
at the present time, because the tonnage
OF vessels on the stock is greater than
formerly, when the pay was higher than
IL is to-day. The stand Of the shipwrights
seems to be well taken.
THE BLAoKsMITHs' MEMORIAL.
The blacksmiths urged numerous rea-
soDs for claiming an exemption from the
proposed reduction. They admitted the
present unpreceaent vdepression of trade
and though not unwilling to accept re-
duction respectfully requested recon-
of the rate proposed.
NO MERCY FOR THE MEN.
The employers having considered the
above memorials resolved to enforce the
IeuucCion OF seven and half per cent.
Consequently this evening the Executive
Committee Of the Clyde and the Liver
pool branches of the United Society of
and Iron Shipbuilders held
a long meeting at which, after careful
deliberation, the following resolution
was adopted unanimously -
Resolved, That the Executive Board of
the United Society of Boiiermakers and
Iron Shipbuilders notify the various
Clyde firms that it considers the reduc-
tion of wages forced upon its member
as equivalent to discharge, and they
therefore quit working. Any
memb rs, however, who have CON
tracts at the old prices are justified in
their work until the expira-
ton of stipulated time.
DARK PROSPECT.
The Glasgow Herald considers bitter
struggle between capital and laber iuevit-
able. The above society is exceedingly
powerful-numbering over twenty thous-
AMI members in Great Britain and Ire
land-and has over f40, 900 (sl93, ,0OO) in
the general fund. There is every pros
pect that the Clvde will again be at the
scene ofa long and determined struggle,
the effects of which, considering the pres
ent business depression of trade, will
be most disastrous. Deep gloom Is there
fore settling down over the CONNER ciaI
Interests of glasgow. The evils are cul-
here which win combine to
drive the iron shipbuilding of the world
rom the Clyde TO the banks If the Dela-
ware.