Mineral Point tribune. (Mineral Point, Wis.) 1869-1938, 1878-10-30
FOREIGN NEWS.
4 GRAND FRENCH BLOWOUT.


g1,ished visitors at the Versailles Palace
last night was brilliant beyond descrip-
tion-worthy of the times Of De Roi
So,eil. 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.
bibition, were among the first to arrive.
ENGLAND HEsITATEs.
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
ualv coerce the ameer than by mere
dash.
AGlasgow special dispatch ofOct. 23d
saws A meeting of the shareholders of
the City of Glasgow bank was held this
afternoon at the city hall. Among the
shareholders present were six ladies.
Mr.. Robert Craig was in the chair. 1t
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 de-
felt of f973,OO0 ($4,709,32O,) to cover
which fictitious entries had been in
serted, dividend of 10 per cent. de-
clared, and new stock issued. From
1873 this sum of f973,OOO had been
annually deducted. Mr.. Young then
proceeded to review the other losses,
producing a deficit of s4,25O,OOO ($2O,-
570,0O0,) which had been carried
forward ON the balance sheet
as good debts. "Then," he con-
tlnued, Gas recently rs June, 1873, the
bank has issued q report showing a
whole capital of 81 100000 ($4 $40 OOO),
and reserve of s45O,0OO ($2,17S,OOO),
on hand, and the directors had declared
dividend of II per cent. Now in the
space of three months we find the cap
ial gone, the reserve gone, and are
confronted with :. deficiency of s5,-
10000 (S25,119,G0O) 1t is hardly
possible to speak quietly of such a ire
mendous defalcation. That deficiency
We are now required to make good
The deficiency is overwhelming, 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
aperlect determination to pay every
one in full"
THE AMEER's MESSAGE.
ALondon cablegram of Oct. Odd says:
\ 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 i'll Gods hands"
The Ameer's message has been tel
egraphed to England, and reply, indi-
eating the course of procedure, is ex-
pected Wednesday.
MORE BRITISH FAILURES.
London cablegram of October
list says: Lacour & Watson
shipping agents at Glasgow and Lieth,
Jailed; liabilities believed to be large.
Alexander Bell & Sons, merchants in
me Spanish trade, failed. JAS. Morton
|Co., one of the firms largely indebted
10 the City of Glasgow bank, placed
thelr books in the hands of accountants.
Liabilities estimated from e2,000,000 to
t2,500,GOO.
THE AFGHAN WAR.
y 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
tsIan Is strenuously endeavoring to eff
Iect compromise. According to re-
ports OF natives, he is even perfectly
1Sa'y TO meet the Niceroy of Peshawur
Inns disposition, however, is attributed
desire to gain time. The
ssoEefnment can afford to nego-
us'e, as there is little doubt that all idea
oI winter campaign has been aband-
;Gneu, but only unqualified and
immediate submission will prevent
var and 1t is almost helpless
y. ~ expect the Ameer to yield to
ue requirements of the government,
yHe vi which is, that the command of
sber most Important strategic routes
snail be placed in its hands The Az