Daily globe., 1879-01-05
CORNISH BANK FA1IuRr

World News.
CORNISH BANK FAILURE
LONDON, Jan. 4.-The Cornish bank at
Truro, Cornwall, closed this morning. If
is hoped the suspension will be only tenn
porary. The bank did very large business
IN mining and other enterprises. The bank
belongs to Tweedie, Williams & Co. It was
established about 11O years ago, and has
branches at Falmouth, Penryn and Redruth.
Sir Frederick Williams, member of parlia
ment for Truror, who died recently, held
one-third of the concern. His widow is sole
executor. The bank had an authorized
issue of ;e49,0o0. The deposits amount to
f5 100000.
dispatch from Plymouth says the stop
page of the Cornish bank will cause terrible
distress among the traders of West Cornwall.
Ihe immediate cause of the suspension is a
run on the bank the last fortnight, resulting
from rumors that the late Sir Frederick
Williams was largely indebted to the bank,
and that large portion of its capital was
locked up in mines and in advances on tin.
further stoppage of Cornish mines is in
eV1table, and failure of many private firms
must follow.
BAR SILVER.
LONDON, Jan. 4.-The Times says, al
though the available supply of bar silver will,
probably in day or two, be supplemented
by the amount brought by the Pacific
steamer, none could be Lad Friday, and even
had there been demand sufficiently urgent
to make necessary the payment of the higher
| rQfp0 q ri 1vno
would have been forthcoming. The demand
from any quarter at present is exceedingly
limited, and as inquiry on Austrian accounts
seems now to have practically ceased. the
presence of anything more than mere
nominal amount on the market would only
be prejudicial to present prices.
RUSSIAN OFFICERS COURT mABTIALED.
ST. PETERSBURG, Jan. 4-The military
court martial at Kieff to try certain officers
IN connection with army supplies during the
late war with Turkey, has sentenced cap
tain to dismissal from the service, and cap
tain attached to the staff and two lleuten-
ants to two months' Imprisonment in u for
tress. Prince Usurof, the instjgator OF
these malpractices, was fined fifty roubles.
GERMAN TARIFF REVISION.
BERLIN, Jan. 4.-To-day the commission
| for general revision of the customs tariff
mot Ior the first time under the presidency
OF Count Won Bulow. It is supposed the
! iabors OF the commission will not be ma
tured before the second half of the session o1
the relchstag, so that discussion on the sub
ject will only begin after Easter.
INDIGNIFY TO GEN. GIANT.
Cork, Jan. AT q meeting of the towr
council yesterday, after several bitter
speeches by Catholic members, a motor
that the letter of the United States consul al
Queenstown announcing Gel. Grants com
ing be simply marked :sread,' was carried
without dissentant vote. The previous
motion to give Gen. Grant proper recep
| ton was ignored.
MONCAsI EXECUTED.
MADRID, Jan. 4-Juan Moncasi, who at.
| tempted the assassination of the king OF
Spain the 25th of October last, was executed
this morning. At midnight the prisoner
made will leaving his property to his wife.
| At he attended mass. At he was led
from the prison and taken in a carriage tc
the scatfoid, which he mounted without sup
port and listening to the admonitions of the
priests. Two battalions of troops were
drawn up around the scaffold and an i'm
mense number of spectators were present.
LABOR TROUBLES.
LONDON, Jan. ALI societies connected
with the engineering trade, unite to resist
any prolongation of hours of labor. The
cotton masters of Heiddersfeld are consid-
erlng the advisability of reducing wages as
at Oldham.
| NINE HoUBs DAY.
LONDON, Jan. 4.-The employers in Wes1
Scotland contemplate return to ffty-fou1
hours work week. The employees will con.
slider the matter next week.
| MICELLANEoUs.
| LONDON, Jan. 4.-Another death has oc
Cured among the wounded by the explosion
on the British man-of-war Thunderer. The
others are doing we'll.
A. Hudson & Co., seed crushers of Leeds
and Hull, England, have failed. Liabilities
S1O5,OOO.
Angel, the Pullman defaulter. will be
taken to Philadelphia on the American
bark, shooting STAR" now at Lisbon.
THE AMEER's FLIGHT.
LONDON, Jan. 4.-The viceroy of Indi,
telegraphs details of the ameer's Withdrawal
from Canul. The ameer held Durbar
Dec 10, when il was resolved that after th,
fall of Ali Musjed and Peiwar no further re
nance could be placed on his troops or re-
s!stance offered. The ameer therefore con
cluded to seek Russian protection and place
~ MS case pelore European congress leaving
Yakoob Kahn, his son, in charge. Yakaof
was released the aame day, and an oath was
administered that he should do as the amee
directed. The ameer left Cabul Dec. 13
His authority had almost disappeared. 4
Cabul chief has written Gen. r ,bsrts offer
ing his services, and says the ameer ha
| gone to st. Petersburg.
| New York :sank S,.,,~n,.nt
NEW YORK, Jan. 4.-The following is th
j rlvr cfpA,