The New York herald., 1879-01-03
1ELEGRAPHIC NEWS
From All Parts Of the
World.
BUSINESS DISTRESS ABROAD
The Engineer Trade Threatened with an
The Engineer Trade Threatened with an
Extension Of the Working Day.
BULGARIA'S VACANT THRONE.
An Afghan Prince Who.Will
Not Yield.
GERMANY AND THE NEW YEAR.
[BY CABLE TO THE HERALD. ]

The number of business failures othcislly on.
nounced in the Kingdom Great Britain and
Ireland) during the year 1873 have been
15,05o. Of which 2.643 in the financial
and Wholesale and manufacturing branches
of trade and 416 in retail trades professional
suits, builders. pubcans. working classes. &C.,
against 2172 and $3.50 under the respective headings
in 1877. showing an increase Of 4037 failures last
year over the preceding year.
The directors of the Credit Company. which has
capital OF f45oOOO about O00 and liabilities of
over 100000 have issued circular to the share
holders, recommending voluntary liquidation of the
company's affairs.
The TIMES says:-'There is said to be general
movement at Liverpool for reduction of wages in
all branches Of the engineering and shipbulding
trades The movement is likely to extend to theshore
gangs of the great steamship companies
THR YORKSHIRE MINERS.
Answers were received yesterday at the Offices Of
the South Yorkshire and North Detbyshire Miners
Association. at Bamsey, from a majority Of the
miners lodges to the masters demands for
reduction Of wages. The lodges
unanimous for resisting the proposed
ducton. According to information received
from West Yorkshire no notices of reduction Of
wages have yet been given by the coal there.
and they will not follow the pursued by the
South Yorkshire masters. Large meetings Of miners
held in West Yorkshire have decided to support the
colliers Of this district in resisting reduction Of
wages.
LENGTHENING THE HOURS.
Great excitement has been produced in the engineer
Ing trade regarding the resolution Of the London
Iron Trades Employers Association to increase the
number of working hours. The Employ
ers' Association will meet after January 10 to
arrange the psellminarics for the resumption Of
afty-sevrn and half hours the weekly quota Of
labor. District meetings of the operative engineers
have been arranged to pronounce the opinion of the
workmen ON the question of resistance Out
side the trades union stand very large
number Of non-society men, and it up
pears from what transpired yesterday at informal
meetings of the workmen that following the prece-
dent made in 1871 when the non-unionists. for the
most part acted with the unioniss the former will
adoptthe policy of resistance 1t is stated that the
decision Of the employers will depend.
to some extent, on the result of the arbi-
tration on the proposed reduction of five
per cent in the wages OF iron workers. which has
been commenced ut Darlington The award Of the
rbtrators is expected to be received by the end Of
The present week. that the Iron Trades Employers
Association will have the decision before
their conference next Tuesday. The Amalgamated
Society of Engineers has, according to the last annual
report. s25o.Ooo sterling in hand. 1t is recognized
leads the other trades unions Of the kingdom.
PRINCE?
Vienna despatch to the Times says s:-"As the time
for the election of Prince of Bulgaria approaches,
fresh candidates make their appearance. Prince
vogordcs, who although belonging to Greek family.
clalnIs3ulgaran descent has been put forward. and
it would not be surprising if attempt should be
made by the Porte and the Greeks in Constan
tinope to set up Prince vogorides against
the Russian nominee. But Prince Dondoukoh
Korsakoff the present Russian Governor Of
bulgaria. according to all accounts has taken
b. master in the Bulgarian Assembly and make it
elect whom Russia peascs The Assembly has
not been elected by direct vote Of tho pop
ulation, but by an indirect election. and
care has been taken that a large proportion
OF the members Of the Assembly should be persons
holding official positions under the Russian gov
Prince Batcnberg is sad to be the candidate
put forward by Russia. but there are those who be-
lieve that some one else is kept in reserve"
AFGHAN
The Neus' Calcutta despatch says-''Before leaving
Cabul Shcre Ali the viceroy Of India stating
that he would return to Afghanistan after laying
his before congress at st. Petersburg
Major Cavagnar is instructed to receive any peaceful
overtures in very friendly manner SO far Yakoob
Khan has made sign. General Stewart will reach
q
wur to tho News states that the turbulence of the
mountaineers has closed the Khybcr Pass for the
last three days. except to strongly
sorted convoys This condition of affairs has
compelled the abandonment Of the project of
constructing telegraph line through the pass. There
IL chaotic confusion between the commissariat and
transportation departments One Sikh regiment has
been withdrawn from the field because of fever. Half
of the are sick and sixty four have died. One
English regiment has been withdrawn from Ali-Mus-
lid because of sickness among its members
yAxooB KHAN's FInxSxss.
A despatch from Calcutta says-"Ncws from
Cabul is to tho effect that Yakoob Khan required
his officers and soldiers to on tho Koran to
stand by him. but finally withheld their pay ~
their General declined become security for their
fidelity"
FRANCE TuSrs.
La France, Of Paris. states that ultimatum was
despatched TO the Dcy of Tunis on Saturday. The
German Consul at Tunis refused to countenance the
Bey's hostile attitude 70 France. The Consul has
been instructed to further the wishes of the French
government La Lise,n says the conflict between
France and Tunis will DO settled by diplomatic
GERMANY AND THE FUTURE
Tho Emperor William, in receiving the foreign
Minister'S ut Berlin ON New Years Day. said he was
not fatisucd by attention to public affairs although
he has not rcgaincd his former elasticity. The pain
ful impressions OF the year have been softencd by
many proofs Of loyalty. Tho Emperor said that the
efforts of the Ministry TO combat the dangers to tho
State indubtably were not without results. but
that their full activity must still be directed to this
object The Tost's Berlin despatch says:--'.Thc gov
srnmcnt has determined TO givo notice Of the ter
mnation of all treaties OF by the end OF the
present year" Rome despatch to the Standard
says the Pope will shortly notify Germany of his
readiness to consent to compromise In regard to the
appointment of tho German clergy.
MoxcAsr's WARRANT SIGNED.
After long Spanish Cabinet council ut Madrid yes
tcrday the king reluctantly signed Moncasi's death
warrant. The execution has been fixed for Saturday
morning. Moncasi will spend Friday In the chapel