, 1879-01-24
BRITISH DISTRESS.
The last Straw on Corf1Wai{'s q
Back --- Failure OF
"Tweedy's."
Effect of the Disaster on Cornish Min
ing--Ganeral CONSERVATION.
Tie Liabilities Placed nj Over Three and
aQuarter Millions Of Dollars.


f,rr.~,,,t.,r. v<, t1rt ,7<ro,s
pRazaYce. Corn vail, jan. 8.-Thc frat week
M m. ,ov vo.r bo,1 M, .,tnner .wsv hefore m.
s.... tt.....s ..,I ,,,.., a., 49,. ~ rnr.,..a
otnef ohaster 1e!l u'on tne "est o. 1aR'ano'-
the Cornish Bank. whose headquarters were At
Truro In Cornwall, and whose bustness extended
ovcr lin ccn,ral no,t nj Tint county. etonnri
n,vmcnt sItna+rtl a. a IA. NJ rather vss. vim
pa5"pen'' e'sua.cu 40 10 VI iA''s' "As' w."
Its various branches, In the very centre oi the
mining dstftcL the principal industry Of the
county, with which 1t bsd the most Intimate
hn.tncsa connec4,ous 4hc announcement vo.
!cee!'ed WIN AstoniAnHeo' anu p'ank ols"sy,
for the bank. established 10 far back a. the sear
ITO, was regarded as having its vefy founda-
t!ons laid In safety md soIldlsy. Its
,Yon,1.tcr. ,~o,. -, ~ 4hs h,rho.t
poN'u.''s % "e "en VI "'o "sns't
integrity. and were regarded a. being
possessed Of wealth far more than SUI
cfTeets Of a uanie, ,oreverscyerr, nnt ya,,rtv M
~ .,'s.,.,...-s s-' ',,'I
y. .ensa"s'.Ne' ~, navy eo'hpehe u'e'n 70 eue-
cunot anu tae f''saster' sollo*lhG so closely
upon the Glasgow and south Wales and West Of
Eng]antl Bank failures. haa created A feeling of
alarm which IA mi .,ora copnnoJ -, T,ornw.it
hut m. n,.de t,,clf mi, ,,vnv ,,,,,.t 49,
~ ,hs co,,n,,x r,nn, ~. s..sa",. ~ ,,s,,, ~
Hrstlsu1 "a ~ IA, s"., ~ rnHi","i cian, @ Rri
T. +. imnosshc -, nrst,n. nas Gu 10 n'S TRACK
.r..~r ~. .,., ~ -.
- r.m -. s -, 1InI oS CORNISH @1S1No'
| ~ cornwall this latest bank failure has
created 9ditc panic, for II means the probable
suspension and abandonment uf some ol the
lafGest tnsnes In tho county. followed, 1t NAV
wao sre s @ 70 S Gs fhe eitrI ss q.
| sohfeholdefa Or emploses. For many Tcars
t'ast inc mining Interest OF tornwail has l'cen
IN a siato OF great uepseft!ot hn'l during The
}ear no" ended tiis depression has. perhaps,
occn nnexamp!cu. rug extensive imporsattons
OF IN from Australia. IaaHlanfn. 'iEl clsewtrrc
nave had most disastrous elect upon the staple
lhdt1stry, Tile PRICE Doth ot tin hui cunpef b1y.
ing been Drought down 10 su low figure tint
many mines hRve long since had to Cease work.
| ing, while not low ot those that hAvr held on
nwe their existence to thu large assistance which
ue5 nave Fecc'scu from the now deit!nct Cor-
M" nanx. AimonG !ns n'msna community !:
h.nk ant tb,s Il n,i1vs lie ,4odnn"e ~
n9 t1fe Leading men ~ fhe cn1ntw mi ha,i ,t,',
| M1sinctsMrno.I. hntl an,1 inIiiYcrcntNn n,n"-
senths OF lie mines il, tic ccptraj part oi West
GorGwal at s sS severe hss bSeP te prevail,
III. nrIce nf nctais, tint snmr n III. ,ar,Tos, ~
tIcse mtnes have lnnr sIncs bcrn comnrjfe,f to
cnnsit1craI,lv nyrr,lraw thrir nrrnnnts ~
oy.v,,s. w.. ~ r,,, -, .~o.,,.
osAHp".t'a y" TN J." atoch'
sir years aEo tho ptirc OF tin orc stood at
Al!U ION, DILL II eeaoualsy fccedcd until, when
| It had c9me down to 41V. the managers of The
mines declared It would not pay TO sell thcir
with commenced 70 stock their tin. borrowing
noney asT'n s se ~, nahAs ~ s"e secnrity ol ihc
s,nt1 III hti ,,,, i sins -. ~ @ t.ssucl T.! eySl- @
mencea "h,sn n"m thIeaseus 10 eaa ln saeh us.
astes .oe u.en.. "9t t.iu .o!lt .! eaoskliE soon
~ Necano hppatent' al .!e tnalkat. instGau o1 IN
| ptosu1, ussaanu Iapla.y "otsS, a1Fi thls potc}
| mAa H,asytsnatu. W pnt ueas5 uEues ~ Inc
% %Los'isa oanm e Itau aiseauy peeu incurred, atla
a'Lhoukn ~" u!,nes ,a, naHc blnee lHGu somewhat
feoacca !aelr !!ana.iles. S Wc arc probably within
the u!aIA III sLAtNtt ttat ny ulse.ebt inihcs III
t'e county a!a 'nuenleo ~ t!e pank AZ g. tne pres.
cnt moGuent III ~ M !sss sum tHan H!uD,VU. II
| the auYeutulese ~ ti1o hlnes hl9 caleu up1n ~
naHe Hoo1 thia ueilt,enes lthtneu!atsiy OF wlth.h
Wnat they 90 termed teasonaoIe period, 1t Is
sasY ~ !o.cs.a nNat u'ast w tue sitctt upon
.argG aiu III, M'pS1'an. Hi lnuns5y a!eaay oVtf
| "c.F "'1" lnc oe'"e" VI oep1css'on alu aA-
gceslty' .....-....... ..--........ .....-
WHAT THE nooks MAr SNOW.
| IL Ia said that the bank Is solvent couceru,
| and tint whcn tho bouks come to be examined
they have Leeu placed in lls hands Of d Lon.
| Jon Gsm Ut nccuuntnnts-tt will be found
capable Of paytnga dividend Of ~ sh'llinps p
tho pound: hnt ltlc .nciosttoss arc not hopeful
ot nny eucn result. INC same tnlhE Has I,rotn-
iscd when the ttaseuW ana ttle Ncst u Eu-
&lanu BANKS came 10 Xriet' put ms experience
thcto Ewes no Ghc99raEeiheht 20 tho ua!oftnnatc
uepositors III INC Corhsh lsaf1k, anu frightened
houe!a u notes arc HisposlhR ~ t'l'ln VI coll
| siderable ulsconnl' hlany adFefeo rufnors arc
ahoatt anu, tt1iulsiE Tue result o1 tlc e8a1la-
ttou ot t!ic booka, very deapondent feeling
| urayNitE,