The Rock Island Argus. (Rock Island, Ill.) 1877-1885, 1879-08-15
Last Nights Dispatches.
FOREIGN.
ENGLAND


LONDON, Aug. 14-The House of Lords
has adopted the Commons amendments to
the Irish university bill making provisions
for fellowship scholarships and other orr
dinary endowments similar to those of the
London university.
The House of Commons finally passed
the bill enabling banks of unlimited liabil-
ity and authorizing such banks to increase
the nominal value of their shares.
The Bank of Bengal has increased the
rate of interest and discount from five to
six per cent.
The Tines, in its financial article, says:
1t is not possible to say decidedly what
caused the slightly increased firmness of
the money market Tuesday. It's ascribed
In some quarters to apprehension that
large quantities Of gold may be withdrawn
from the Bank of England for New York,
but 1t would take most notable demand
! to deplete both our stores and those of
the Bank of France. Still, the effect of
sach a withdrawal will be much more
marked than in ordinary timesy Many
borrowers now enjoy very limited credit,
The banks will not lend freely and very
slight extra demand Immediately reacts
on the market in an exaggerated fashion.
Everything is stagnant and to all appear
ance may remain SO tor some weeks to
come. The price of silver IS nominal. 1t
is believed that business could be readily
| effected on Austrian account at slid per
ounce, but should any Indian demand
arise the price would probably go still
higher, and according to the last quotation
of the India council bills SD per ounce
would more nearly represent the value of
bar silver.
Il conference of delegates. representing
100000 miners, was held 10 Manchester
yesterday. Macdonald, President of the
conference, pointed out that there was
some opening for mining in the United
States, as during the recent depression in
the mining industry il Pennsylvania and
elsewhere a. number of men sought other
employment, A resolution was unani.
| m0usiy passed in favor of emigration to
the United States,
Minister Welsh has gone to Osborne,
| probably to present to the Queen his let
ters OF recall,
Two of the principal cotton manufac.
turing firms of the Dale district, Glasgow
haYe given notice of FIVE per cent reduc
ton, Ia twenty per cent reduction since thu
beginning OF the depression. These ar,
the only mills running on full time. 1t i
feared that the rest of the mills, running
only few days q week, will follow the re
duction.
In consequence of the active America
demand every large iron making district i
the Kingdom is showing unmistakabl
Isymptoms OF revival.
SPAIN.
| MADRID, Aug. I4.-Several l. fires, som
incendiary, are reported in the provinces
ln one case thirty houses were destroye
and thirtyfour persons perished
The Spanish Minister Of Foreign Affair
has requested an explanation from th
Mexican government respecting the recer
assassination Of Spanish subjects 10 Mez
leo. 1t is stated that Spain intends {
demand the payment Of indemnity to th
families of the deceased and the punisl
ment of the assasins.
AUSTRIA
LONDON, Aug, 4-The Standard
Pesth dispatch says the Ministry of Wa
have resolved not to occupy the district
Novi Bazaar this year.
The Independence Beige announces thu
: the Emperor Francis Joseph accepte
Count Andrassey's resignation upon col
dition that he remains in cfice pendr
the nomination OF his successor.
AFRICA
LONDON. Aug. 14.-A dispatch fro
e South Africa, dated Port Durnford, Ju
J p, says King Cetewayo made another e
1 fort to day to ascertain whether his liber
G would be granted him if he submitte
= He said he was completely deserted by h
warriors.
= FRANCE.
: PARIS, Aug. l4.-The BourSe newsp
per says De Lesseps has received prop
sails from respectable American quartz
offering to sake up the shares of t
n Panama canal enterprise not subscribed
4 France. Negotiations are proceeding.
3 Rouher's organ, L Ordre, has col
# pleteIy broken with the Legitimists.
a says it is time to return to allegiance wi
= the democracy.