The New York herald., 1878-10-27
BRITISH FINANCES.
HOW THE ASSESSMENTS WILL AFFECT THE
SHAREHOLDERS OF THE CITY or GLASGOW
BANK-GLooMY PRospEcTs-MoNEY MARKET
IN LONDON.

IN LONDON.
BY CABLE TO THE HERALD
GLASGOW, Oct. 26, 1878.
The iron is entering the hearts of the un-
fortunate shareholders of the City Of Glas-
gov Bank. The lists published to-day
show the liabilities due on the first call of
95O0 on each e1OO share to be as follows-
Thomas Matthew, Glasgow, s1l8,725
1854, ,429).
Robert Craig, e1O2, 335 (s494, 291).
The others can be summarized as fol-
lows:-One shareholder liable for over
ESQ, 900, three liable for s4O, 600 and over,
five liable for ESQ., thirteen liable
for 100000 two liable for s19, 900,
three liable for s18,0OO, two liable
for Ell, 900, three liable for e16, 900, six liza
BILE for Els, ,000 three liable for Ella, 900, four
liable for G13, 900, sixteen liable for s12, 900,
six liable for Ell, 900. eighteen liable for
91O, 1000, eleven liable for 99, 900, fourteen IL
able for $4,000, twenty-one liable for
f7.000, forty-fve liable for s6, 900, sixty-six
liable for $4,000.
GLOOMY FoREBopINos.
This list embraces the 244 shareholders
possessing Gl, 900 worth of shares and over,
the total liability amounting to co, 655, AGO
($12, S52, 426 4O). 1t is impossible to esti-
mate the number who will probably
be able to meet the call; but it is certain
that few men holding e1, 1000 worth and
under will respond. The prospect for
these is overwhelming and unmerited ruin;
their hopes for life are extinguished.
ANoTHsR HEAVY FAILURE.
The bankruptcy is announced of John
Innes Wright & Co., of Glasgow and Lon
don. Wright is one of the imprisoned di-
rectors of the City of Glasgow Bank. He
and his partner, William Scott, are heavily
ALL KS SHOWING DOWNWARD TEN
DENCY-THE EGYPTIAN LOAN.
IBY CABLE TO THE HERALD
LONDON, Oct %, 1873
The Economist says:-.Thc rate OF discount. for two
aud three months' bank bills is 5X per cent; TOR
three months trade bills, o 6K, and for
loans, a 8 per cent. On the Stock Exchange
Canadian and scotch railways iron, ceal, gas bank
and discount shares have all suffered severly this
week. Prices the foreign department, a whole,
are somewhat lower. Russians were particularly
depressed The state Of affairs in the East
Is discouraging Any possible good effect that
might have been produced by iha acceptance Of the
British proposals or reform In Asia is cancelled by
the certainty OF with Afghanistan and by
Of the Russian press which openly advocates unoi-
cial war against u.s. Egyptian loans have varied
irreguiarly. II appears that the Rothschilds havc
| accepted the security Of the Khodivo's surren.
| dered estate for loan OF f5,0cO,0o0. Many
South American stocks again lower There Is q
further general reduction IN British raways nited
States railways varied irreaularly while governments
were quiet. As TO gas shares, Commercial gas B
down per cent on the week; gas light and coke, ~
per cent mental, 10 per cent London,
per cent? Phmnix, per cent, South Metropolitan
per cent. Az 20 the general feeling In monetary
and financial circles, Il II distinctly batter The
effects Of the Csy OF Glasgow Bank failure
believed TO have passed away. The banks
| modating customers readily, though exccp-
tional demands still encounter rates OF 7 and
per cent discount Tho French discount houses
are again underbidding our market rate"
SILVER.
The Times In IT'S financial article this morning,
says:-"The market Is bare OF silver, aud should In
dian exchange show s,gns OF recovery week tho
absence Of supplies from America begin TO tell
avorably the price,"
TROUBLE LONDON CORPORATION.
The Echo Of tonight that as . result OF tho
| EXAMINATIONS OF the secretary and managing
director OF tho Colonial Trusts Corpora
ton before the Lord Mayor summonses will
ISSUE against tho directors for publishing
misstatements regarding tho company's position
The Masters and Cotton spinners Association Of Old
ham have resolved to reduce the wages OF operatives