The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1879-07-26
EUROPE.
The Depression in the Cotton Trade in
England.

The Depression in the Cotton Trade in
England.
LONDON, July 25.-It is generally supposed
that there will be an endeavor, after the annual
holidays in August, to bring the short time
movement under something like regular sys-
tenn. The cooperation of all will be sought
Even the masters admit that it would be alb
surd to seek remedy for depression by calling
upon the operatives to submit to further reduc-
tion of wages The published accounts of the
Oldham limited company show that hardly any
have made any profit for two years, and with
some the adverse balance is so heavy that even
with good trade it is almost impossible for
them to make u profit, perhaps for years to
come. In limited companies alone e. 100000
of capital have been unproductive for three
wears One hundred and twenty thousand
pounds of debt at twenty per cent; a reduction
of the operatives wages; mills running on
short time; numerous failures; a decrease of
fifty per cent. in the value of house property
these are some of the leading facts connected
with the history of the Oldham cottonitrade.
Protest Against Republication.
LONDON, July 25-Council of foreign bond
holders here has telegraphed on behalf of the
holders of Louisiana bonds q strong protest
against the measures of the so called repudia-
tors proposed by the Louisiana constitutional
convention.
Attempted Assassination.
LONDON, July Gan unknown man at
Syndic of Naples. The Count received two
poniard wounds.
Rioting at Wimbledon.
LONDON, July pa special states that riot
ing occurred at Wimbledon yesterday after
noon. large mob endeavored to force an
entrance to the volunteers camp, and to effect
their purpose set fire to the fence surrounding
the camp, after besmearing it with petroleum.
The police charged on the mob and drove them
back, but not before many of the police and
rioters were injured. The inhabitants of VIM
bledon claim the right of unrestricted entrance
to the camp. Hence the attempt.
The Floods in France.
PARIS, July 25.-The rivers Aisne and Seine
are rising and an overflow is feared. The wa
tiers in the north are subsding, but the country
is much damaged.
The Silver Question in England.
LoNDoN, July Pin the Commons today
Hon. Mr.. Stanhope moved the House 60 into
committee on the East India bill loan
Sir Geo. Campbell offered an amendment
that in view of the difficulties caused by the
excessive charges in relation to the value of
gold and silver, advantage be taken of the
proposal of the United States to fix standard
calculated to give steady value to the prec-
ious metals, India undertaking to continue the
free coinage of silver if the United States
would do likewise. The bill was locked out
The Irish University Bill.
Last nights debate in the Commons on the
Irish University bill shows that the govern
ment'S proposal to SO amend the bill as to pro-
vide by annual vote for exhibitions, prizes,
scholarships and fellowships, similar to those
OF the London University. This is generally
accepted as calculated to lead to the settlement
OF questions on a satisfactory basis. VIM
Shaw, Home Rule leader, although moving
an amendment that no measure would be sat
lsfactory that did not provide increased facili-
ties for collegiate education, made an exceed
m "a 1ori,,c fha ,l,rf
Their concessions asked were the payment of
fees to Catholic colleges q principle similar
to that OF the international education act.
Goshen, Liberal, pointed out that this state
ment reduced the differences between the Irish
members and the government to so small
point that he hoped the golden opportunity for
settlement would not be lost. On the Liberal
side there was every disposition to assist in that
settlement.
Gladstone considered the bill inadequate,
but said he would cooperate as far as possible
with the Irish members.
Shaws amendment was rejected.
The German Navy.
BERLIN, July 25.-The admiralty have resell |
we'd to materially increase and improve the |
German navy.
English and French Policy towards Egypt
LONDON, July 25.-The Telegraphs finan-
cial article says it is understood that England
ana france have agreed npon course of ac- |
ton towards Egypt. The Commission of In
curry Will be re-established. Rivers Wilson |
will be its President in lieu of DeLesseps. |
Barring and Deblignieres will be Controllers.
There will be no European ministers, but the |
Commission will hold legislative position
Foreign Notes.
Russian soldiers will leave Turkey by the
4th of August
The Hungarian cabinet may be seriously
in consequence of one of the
secretaries of state being accused of cor
ruption regarding conferment of decorations.
The Toronto Globe denounces the dismissal |
Of Littellier as gross wrong to the people of
Quebec.
In the French deputies yesterday Proust pro-
posed motion that the ruins of the Tuilleries
be RACED. The motion was referred to special
committee
The Russian frigate Loetiana has been dis
abled by striking rock on the coast of Fin
land.
The Empress Eugene has written to the
Queen, begging that no penalty be inflicted
upon Lieut.. Carey.
In speech yesterday the Marquis of Sails
curry said he believed a general election was
In consequence of the formidable difficulties
General Lazareff will not advance further into
Turcoman country until the end Of the present
month.
There is no serious foundation for the
'eported misunderstanding between Germany
md the United States on account of compul-
ory military service, the law not being en-
orced in Germany on Germans who acquired
;ltlzens rights in the United States.