Watertown republican. [volume] (Watertown, Wis.) 1860-1906, 1878-10-30

L
last night was brilliant beyond descrip-
tion-worthy of the times of De Roi
Soieil. Fifteen thousand persons were
present, including all foreign notabili-
ties of fashion, the prominent in the
arts and sciences, and the scions
of royalty. The prince and prin-
cess of Wales, the Princess Thyra, Don
Francois D'Assize, the Princess OF Swe-
den and Denmark, the Duke D'Aosta,
Count of Flanders, and other royal per-
sonages who have been visiting the ex-
hibition, were among the first to arrive.
ENGLAND HEsITATEs
A Bombay telegram under date Of
October Oath says: The Gazette states
the advances upon Cabul will be post
pOned until next year, to more effect
ually coerce the ameer than by mere
dash.
THE ROBBED STOCKHOLDERS OF GLASGOW.
A Glasgow special dispatch ofOct 23d
says: A meeting Of the shareholders Of
the City Of Glasgow bank was held this
afternoon at the city hall Among the
shareholders present we're six ladies.
Mr.. Robert Craig was in the chair. It
was moved that the balance sheet and
report of the inspectors be taken up
and read. Mr.. Young, of Glasgow, ship
owner, seconded the motion, saying,
however, that it would only add to their
sadness to have it read again He stat
ed that the report reveals that in
June, 1878, there was actually q de-
icit Of 9973,OO0 ($4,709,32O,) to cover
which fictitious entries had been in
serted, a dividend of 10 per cent. de-
clared, and new stock issued. From
1873 this sum Of G973,OOO had been
annually deducted. Mr. Young then
proceeded to review the other losses,
producing deficit of e4,25O,OOO $780,
57OOOO,) which had been carried
forward on the balance sheet
as good debts. "Then," he con-
tinued, Gas recently as June, 1873, the
bank has issued report showing q
whole capital of 81 100000 ($4. $40 OOO),
and a reserve of 945O,0OO ($2, 178,OOO),
on hand, and the directors had declared
a dividend Of II per cent. Now in the
space Of three months we find the cap
ital gone, the reserve gone, and are
confronted with q deficiency of 60
100000 ($25,119,60O.) It is hardl y
possible to speak quietly Of such ire
mendous defalcation. That deficiency
we are nov required to make good.
The deficiency is overwhe Ginning, and
the prospect appalling. If liquidation
means for many, very many, sharehold-
ers ruin and misery, to all
poverty and suffering our misfor-
tunes are greater than our faults in hav-
ing reposed confidence in unworthy
men, and having believed the false
balance sheets. But though losing
money, we are not lost to personal hon
Or. The public sympathize with US,
although we dare not ask for relief We
must show the creditors that we are
determined to boldly face our difficult
ties, and to make strenuous efforts with
a perfect determination to pay every
one in full;
THE AMEER's MESSAGE.
A London cablegram of Oct 22d says:
A dispatch from Simla gives the follow
ing as the substance of the Ameer's
message to the Viceroy:
You may do your worst, and the Is
sue is in Gods hands,"
The Ameer's message has been tel
egraphed to England and a reply, indi-
eating the course of procedure, is ex-
pected Wednesday. j..
MORE BRITISH FAILURES.
A London cablegram of October
| 21st says: Lacour & Watson
shipping agents at Glasgow and Lieth,
failed; liabilities believed to be large.
Alexander Bell & Sons, merchants in
the Spanish trade, failed. Jas. Morton
& Co., one Of the firms largely indebted
to the City of Glasgow bank, placed
their books in the hands Of accountants.
Liabilities estimated from 10000 to
go, 5OO,G 600.
THE AFGHAN WAR.
A London cablegram of Oct 21st says:
A special from Darjeeling says it is re-.
ported, with considerable show Of
probability, that the Ameer Of Afghan
istan is strenuously endeavoring to eff
feet compromise. According to re-
ports Of natives, he is even perfectly
ready to meet the Viceroy ofPeshawur.
This disposition, however, is attributed
to desire to gain time. The
government can afford to nego-
tiate, as there is little doubt that all idea
of winter campaign has been aband-
oned, but only. unqualified and
immediate submission will prevent
| Wal, dIu III Is dlulOSG uoll1eoo
to expect the Ameer to yield to
the requirements Of the government,
one of which is, that the command Of
the most important strategic routes
shall be placed in its hands. The AT
ghans at Ali Musjid are now estimated
to number $4,000
THE GLASGOW BANK ENBEZZLERs.
A London press telegram of Oct.
21st says: The whole management Of
the city of Glasgow bank, viz: Secretary,
managing director and SIX directors,
were arrested Saturday on charge Of
fraud. They are confined seperately
and not allowed to communicate with
any person. They all declared they
would have surrendered voluntarily if
they had known they were wanted.
| A RAILWAY COLLISION.
A London telegram of Oct. 21st says: