Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1878-10-24
FOREIGN NEWS.
TIE AFGuAN WAR.

A special from Darieeling says il is re-
ported, with considerable show of
probability, that the Ameer of Afghan
istan is strenuously endeavoring to eff
feet a compromise. According to re-
ready to meet the Vice1oy at Peshawur.
This disposition, however, is attributed
to q desire to gain time. The
government can afford to nego-
tlate, as there is little doubt that all idea
of a winter campaign has been aband-
Oned, but only unqualified and
immediate submission will prevent
war, and it is almost hopless
to expect the Ameer to yield to
the requirements Of the government,
one of which is, that the comuIaud 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.
ROW IN THE HUNGARIAN DIET.
A Pesth cablegram of Oct. Goth saws:
At the reassembling of the Hungarian
Diet Saturday, great excitement was
caused by Deputy Iranji, radical. He
protested against hOisting the yellow
and black flag which he declared SYM
bolized unity with Austria and which
was not recognized by the Hungarian
constitution. He also claimed that as
the members of the diet were compelled
to hear the royal speech standing,
the emperor should read it standing, as
the rights of the throne and diet were
equal. The royal speech, which was
read Sunday, is entirely colorIess, as
the ministry now acting is only provis-
ional.
THAT BAD OLD GLASGOW BANK.
A London cabiegram of the 10Th
inst. says: The official report of the in
vestigations into the affairs of the
Glasgow bank just issued is worse than
the most gloomy forebodings.
The loss shown in the balance sheet
is e5,190,983. This loss, with the 91,-
100000 capital, the shareholders will
have to make good. The report shows
a practice of systematic deception.
Thus since the commencement of the
year the weekly returns Of the amount
of bullion on hand, which the bank
was obliged to make to the govern
ment, so as to show that its funds were
maintained in due proportion to its
note issue, have been falsifed by adding
thereto imaginary sums varying from
EGO, 900 to 100000.
The directors reports to shareholders
also overstated the amounts of securi-
ties and bullion held in reserve by
9926,764, and 100000 respectively;
and understated loans granted bv e1.-
1864. The directors furthermore
have been in the habit of treating in
balance sheets 81, ,345, 1857 Of bad debts,
over half of which is due four debtors
as an available asset. The principal as
sets of the bank are bonds and shares
of the Western Union railway of the
United States, and script of the
New Zealand and Australian land
company, the value Of which is esti-
mated at 1858, ,450 and f973,S4 res
pectively.
Crowds were assembled before the
bank and exchange, awaiting report.
A loss of $500 per share is anticipated,
which it Is thought half the sharehold-
ers will be unable to meet. The
remainder of the shareholders will thus
ultimately be compelled to pay double.
NEW ARMY IN ROUMELIA.
A London cablegram of Oct. 18th
says: Berlin correspondents say native
armies are forming in Bulgaria and
East ROum ella, and are under Russian
officers, equipped with Russian arms,
commanded in the Russian tongue, and
number about $4,000 men. Forcible
enllStmentS continue; arms are dis
trlbuted by Russians among the Chris
tan villagers in East Roumelia, while
the Turks provide rifles and ammuni-
ton for the Pomoks in the Rhodope
Hills.
FALSE REPORT ABOUT THE CAR.
All reports, says st. Petersburg dis
patch of the 10Th inst, of the emperor's
withdrawal from state affairs are semi
officially denied. The course of public
affairs will not be changed one iota. It
is stated on the same authority that the
police are not unreliable but are badly
organized and are paralyzed by magis-
trial authorities. With regard to asser-
tions of foreign newspapers that exten-
slye reforms are projected, it may be
stated on the contrary that in official
circles the view prevails that there has
been too much reforming lately and
that there had better be pause.
sERvIAN INDEPENDENCE.
A Bucharest dispatch of the 18th
inst, says it is reported that England,
Italy and France have informed the
Belgrade government that they will en-
courage Servian independence till the
civil and political equality of Jews is
proclaimed.
AMERICAN AWARDS AT PARIS.
A Paris dispatch of the 10th inst,
it is now officially known the awards to
the American exhibitors at the French
exposition number $50, namely: 10
grand prizes, so diplomas of honor, 134
gold medals, 20 silver medals,
220 bronze medals and 156
honorable mention. The aggregate is
larger than the whole number of Amer
lean exhibitors at the Paris exposition
of 1867, or at the Vienna exposition Of
1878, and is larger in proportion than
the award to the exhibitors of any other
nation represented at this exhibition