The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1878-11-06

heads Of the various departments presented
their estimates for the next fiscal year.
The curious device Of a postmaster to add to
his salary is made public by the following Wash
ington dispatch The president has pardoned
Jacob Carver, late postmaster at Warsaw, Ky,
convicted Of opening letters and sentenced to
q years imprisonment; The compensation OF
add to his emoluments by selling postage
stamps, upon which be received a commission.
In order to increase the number Of stamps
disposed of, he opened registered letters pass
ing through his Office, extracted the money,
and substituted the value thereof in postage
stamps. The persons to whom the letters were
directed received the value Of the money sent
them in stamps, but the government. was de-
frauded out Of o commission for the sale there
Of. He has already served six months OF his
term, and, having lost a leg in the Union army
during the war, the president deemed it proper
to exercise executive clemency in his case.
Foreign News.
The failure of the Bank Of Glasgow was
followed by the suspension OF several large
Glasgow firms, and q feeling OF insecurity
amounting to a panic prevailed throughout the
business circles of the city. Alarge number OF
failures in London are also announced.
The Rothschilds have agreed. to raise a loan
OF 50 UUU, OUO 1or Egypt
The new Canadian cabinet has been formed,
with Sir John Macdonald as premier and minis
ter of the interior.
London dispatch says the official report OF
the investigators into the affairs OF the City OF
Glasgow bank, just issued, is worse than the
most gloomy forebodings. b loss shown In
the balance sheet is $25, 954, 915. This loss,
with the addition of $5, 900, 900 capital, the
shareholders will have to make good. Hun
dreds of the shareholders are persons in
humble circumstances, who have invested
their little savings in the banks stock and
according to the laws Of the country they
will have to suffer for the frauds OF those IN
whom they trusted implicitly. The official re-
port shows the practice OF systematic decep'
ton. Thus, since the commencement OF the
wear. the weekly returns of the amount OF
bullion in hand, which the bank was obliged
to make to the government, so as to snow
that its funds were maintained IN due
proportion to its note issue, have been falslhed
by adding thereto imaginary sums varying from
$500, 900 to 81, 500, 900. The directors reports
to shareholders also overstated the amounts OF
securities and bullion held in reserve by ga
633, 1920 and 81, O0O, 600 respectively, ana nna ger
stated the loans they granted by $685. $40.
The directors furthermore have been IN the
habit of treating in tho balance sheets 1885,
1926, 1855 OF bad debts lover half Of which is due
BY four debtors) as an available debt.
The managers and directors Of the broken
Glasgow bank have besn arrested.
Twelve persons were killed and over twenty
wounded by q collision OF trains on a railroad
at P%ontypredd, Wales.
Bismarck's bill for the subsection OF the
Socialists has been passed by the German par
lament, the vote standing 221 to 149.
"You NAV do you worst, and the issue is in
Gods hands, " is the defiant message sent by
the Afghan ameer to the viceroy Of India
and war between England and Afghanlstan ID
now deemed inevitable.
The ceremonies Of the distribution Of the
Paris exposition prizes took place. in the Pslais
| de L Industrie, in the presence Of an immense
and brilliant audience. The arrangements
provided places for 20, 900 people. A NAM
moth orchestra was stationed on one
side Of the nave, opposite the grand
entrance of honor. The whole interior was
superbly decorated with velvet, gold and silver.
At 100 p. NJ. 8 procession was lormeo LII Inc
grand saloon at the entrance of honor. and
when all had taken their places, Marsha! NC
Mahon, president Of the republic, opened the
ceremony Of distribution. He thanked the
foreign princes for their presence, and the
governments and peoples who had contributed
to the success of the exposition, and eulogized
the officials who organized 1t. He said that
the result showed what seven years OF SELF
concentration devoted to labor have effected in
retrieving past disasters. 1.-The recollection
of those misfortunes, he said. WILL teacn us
to develop and maintain a spirit OF concord,
absolute respect for our laws and institutions,
aud an ardent and disinterested love OF coun-
try." The minister Of commerce, after reply.
ing to the presidents speech, read the list or
awards and distributed the principal prizes and
decorations. The following Americans have re-
ceived decorations OF the legion Of honor Com
missioner General Richard G. Mccormick, who
is made commander; Professor F. T. Barnard,
and William W. Story, who are made ofhcers;
and Auguste Fl. Girard, secretary to the com.
missioner. general Henry Petit, engineer and
architect Of the commissioner-generals stan F.;
Thomas R. Pickering, superintendent OF the
machinery section Lieutenant Benjamin D..
buckingham, U. s. N, naval attache John
D. Philbrick, superintendent Of the educa-
tional section D. Maitland Armstrong,
superintendent Of the fine arts sec
ton Professor Andrew D. White, LII.
D., Juror Professor William r, Blake,
Juror, and Professor Edward 81. Knight, IL.
B.. Juror, arc made ohevaliers. Cyrus b. Nc
Cormick and Walter A. Wood, who were IN
1867 made chevaliers, have been raised to
officers. Charles Tiffany, silverware Thomas
A. Edison, fphonograph; Elisha Gray, tele-
phone James Brewster, carriages, and F.: A..
Br. gina the artist, are made chevallers.
The United States marines made q fine ap-
pearance in the display.
The British chancellor Of the exchequer, re-
ferring to the fact that difficulties were beng
raised against the execution OF certain parts OF
the treaty Of Berlin, intimated that a renewal
Of war was possible.
Bessarabia has surrendered to Russia.