The Cincinnati daily star. [volume] ([Cincinnati, Ohio]) 1875-1880, 1878-12-10
Third Edition
FINANCIAL GLOOM IN ENGLAND.
Debate on the Afghan Question.
National Associated Press to the Star.
Great Britain.
~Eedb nEhtdhus
GLOOMY FINANCIAL OUTLOOK.


LONDON, Dec 10-The financial situation
has become extremely gloomy and threat
ening 1t is feared that the losses caused
by the failure of the Bank OF Glasgow, the
closing of the Caledonian Bank, and the
suspension of the West of England and
South Wales District Bank when, all
known, will amount to so large an aggre-
gate sum as to destroy for season all con-
fidence; that a general panic will follow,
and that the year will close with a feeling
of distrust, such has not been seen in Eng
land within the memory of this generation.
The failure of the West of England and
South Wales District Bank is now believed
to be very bad one, and in some quarters
it is thought that its stockholders will find
themselves compelled to pay not less than
$40, 100000 or ST, ,0OO, 900.
The Caledonan Banks affairs look worse
than was at first thought. The bank had
branches at Bonabridge, Burghead, Crom-
arty, Dingwall, Dornoch, Elgin, Forrest,
Fortrose, Gairloch, Garmouth. Grantown,
Inverganny, Kenguese, Lairg, Lochcarren,
Lochmaddy Nairn, Portree, Rothes Storm
oway and Ullapool.
The London agents of the bank were Bar
clay, Bevan & Co. They are not believed
to be at all injured by its suspension. But
the agricultural and commercial interests
of Scotland are already deeply injured by
the failure of tn Glasgow Bank.
FOUR INCHES OF SNOW.
LONDON, Dec 10-Snow fell to the depth
of three or four inches Sunday night.
THAT AFFAIR AT ADRIANoPLg.
The facts respecting the affair at Adrian
ople, mentioned in yesterdays dispatches,
are not as yet officially nor thoroughly
known, but it is reported thai the action of
the Russian gendarmes in forcing open the
doors of the British Consulate and arresting
British subject was due altogether to the
superserviceable zeal of the police, and that
the Russian Government will promptly
apologize and make reparation for the Of
fense.
BUSINESS EMBARRAssMENTs.
LONDON, Dec. 10-Intelligence has been
received here of the failure of Olyphant &
Co., of Hong Hong, Shanghai and New
York.
The West of England Bank failure will
principally affect business in Wales. A fa-
vorable liquidation of the bank is almost
certain, as its business was strictly honest.
The representatives of the Mexican Gov
ernment here have signed convention
with its bondholders in this city.
ON A VOTE OF CENsURE.
both the House of Lords and House of
Commons last evening on a vote to censure
the Government on its Afghanistan policy,
but an adjournment was had before the
vote was taken.
DEATH OF CHIEF JUSTICE MoNAHAN.
DUBLIN, Dec 10.-Right Hon. Jas. Henry
Monahan, Chief Justice of the Common
Pleas and Privy Councillor, died in this
city yesterday, aged seventy-three years.
Germany.
GoRTsCHAKoFF GOT OFF.
BERLIN, Dec. 10-Prince Gortschakoff
left Berlin yesterday Before taking his de-
parture he had lengthy interview with the
Emperor
SYSTEMATIC SUSPICION.
All foreign Ambassadors complain of the
systematic suspicion of Russia.
DEFENDING THF SIEGE.
In the Prussian Diet yesterday Count
Gutenberg, in a lengthy speech, defended
the state of siege in Berlin. The Govern
ment, he said, believed that there was
secret propaganda organizing and that Ber
lin must not grudge such sacrifices to pre-
serve peace.
PRINCESS ALICE WORSE.
LONDON, Dec. 1O.-A dispatch from Darn
stadt says Princess Alice of Hesse is much
worse.
Russia.
THE CHINESE AT AKsU.
ST. PETERSBURG, Dec. 10.-The Chinese
force at Aksu destined to operate against
Kuldja has been reinforced by thousand
men. Information has been brought by
scouts to the Russian commandant at Fort
Naryu which places the total number of
Chinese troops in Kashgar at three thou
sand effective men, instead of twelve thou
sand as reported. These figures are un-
trustworthy and improbable. The item is
otherwise important as an indication of the
strained relations on the Kuldja frontier.
DUTY ON COTTON.
ST. PETERSBURG Dec. l0.-The Russian
Government has decided to levy an import
duty of 40 kopeks per pound on raw cot