Evening star. [volume] (Washington, D.C.) 1854-1972, 1879-05-20
Telegrams to The Star.
FOREIGN AFFAIRS.
silver I'm EurOpe.


LONDON, May 20.-The Times In its financial
article says:-"There was a pretty active de-
mand for silver for the continent on Monday,
but business was restricted owing 10 limited
supplies. The rate quoted at the end OF the
week was the one more generally paid. and, al
though fractionally higher, prices were some
rot seem TO have been maintained The mar
ket at the close was very firm, and the wish ex-
pressed by Prince Bismarck that the sales or
silver by the bank OF Germany might be stopped
appears TO have excited hopes OF an advance
ihese hopes rest on very doubtful basis"
The Betting ON the Derby.
c,naI ne, May S VmIne following is the prin-
which takes place on the 2Sth inst.:-lI TO 2
against Cadogan; 10 against each OF the fol-
lowing: Charlpert, Falmouth and Metor chief,
and ii TO against Rayon DOT
Heavy business Failures.
r. g. Threlfall, cotton manufacturer. OF Pres
ton. has failed. His liabilities are stated ar
$4,000 pounds {. NJ. e Smltz. iron monger, OF
marlborough has failed. His liabilities are
stated at 60,o00 pounds. IL is thought that the
recent heavy failures ia the iron trade NAV
compel one or two private banks 20 transfer
their business 10 larger institutions Loly
Solbe a. Co., merchants In the spanish trade at
No. 10 Eastcheap, E. c., have failed. W. Polak
a Co. and Symons Co. both OF Rotterdam,
have failed in consequence OF the failure OF the
AfIfcanische Handeivereenig1ng. The liabil.
tiles OF the latter will fan heavily on the
Mein1ngen bank, the Darmstadt bank and the
bank OF Rotterdam. one OF the directors OF the
NIT suicide at Antwerp, but was unsuccessful.
He is now under surveillance in a hospital as
it is expected that his extradition viii be
demanded. Another director OF the same
company has fed to Spain with his family
The latter, whose name is Pineofs, was a man
OF great commercial and financial influence. He
was member OF the first chamber, and one OF
the leaders OF the liberal party.
The south America Wat.
LONDON, May 20.-The Times, In It's financial
article, says: Peruvian advlces. official and
about the progress of the war, and cali atten.
ton to the fact that Chill has control or the
communications. The news, therefore, is neces-
sarily one-sided."
Flood i'm the Danube.
LONDON, May 20.-A correspondent OF the
Times, who has just traversed the Danube from
Giurgevo to Buda Pesth, telegraphs: "The
Danube Is very high. A short distance above
and fat, the flood extends a great distance
inland. Between this point and Belgradi It is
fully twenty miles wide. Nearly all the Aus
trian villages between Pesth and BazIas have
water In the streets. Riverside Inhabitants
informed NE that the water is already within
SM0 s. feet OF the highest point recorded, and is
tne season must cause great damage to the
crops. All grain and other growing produce In
Rouman1a, Bulgaria and Austria Hungary, not
within reacn OF the high water, are looking
finely and promise bountiful harvest.
Erie.
LONDON, May 20.-A large meeting OF the bond
holders and shareholders OF the Erie Railway
Company was held to-day to receive the report
OF the reconstruction trustees. Sir Edward
Watkn presided, and read report of the Erie
Railway Company up to September 3ath 1878
and the accounts OF the reconstruction trusteess,
which the meeting received very favorably
Resolutions were unanimously adopted approx.
ing the trustees report accounts; also express
ing the satisfaction OF the English proprietary
that large interest In the company's bonds
and stocks is being taken by American holders
from whom this meeting trusts that the board
may be gradually strengthened by the addition
OF high class OF business men having sub
stantial holding In the company. There was no
dissent from the generally favorable<iew taken
by the trustees OF the present condition OF the
property. Sir Edward Watl1n, and the various
speakers, expressed their fIiendliness towards
an arrangement with the Atlantic and Great
western Railroad Co., II IT can be made without
pre1uolce TO the Erie Railway proprietors.
A ResignatiOm.
BERLIN, May 0.-ln the session OF Parliament
to-day the vice president read q letter from
Herr Won FOrckenbeck announcing his resfona-
ton OF the presidency OF the House on the
ground OF Ill health and the antagonfsm b.
tween bis own views and those OF majority or
the RefchStag, as foreshadowed In his remarfs
at the dinner OF the free trade Representatives
on the 18th instant.