The Ottawa free trader. [volume] (Ottawa, Ill.) 1843-1916, 1882-02-04
FOREIGN.
ems most.

Gambetta, before laying down his portfolio
on the 9th, the committee having reported in
favor Of revision of the constitution, moved
the insertion of the scrutin de Li1 and one or
two others as the only objects Of change, com
PEELED the chambers to vote that down and
then TO vote IN favor of a general revision, thus
placing himselfbefore the country as opposing
a wild scheme of Indefinite reform. The man
euvre Is regarded as having been extremely
adrou
President Grevy summoned De Freycinet TO
organize new ministry, which he did by &C
cepung the post of president of council and
minister of foreign affairs; Ferry Is continued
as minister OF public instruction; Goblet of
worship; Gen Bllot of war, &c. In the
chambers on Tuesday De Freycinet read the
programme Of the new cabinet, saying the
policy Of the government will be one, above
ALL calculated to establish peace in the minds
of the people, and at home and abroad it will
be firm and conclliatory, &c.
The Union Generate Bank o, Paris, which
had been IN trouble for week, finally on
Monday suspended payment until a judicial
administration could be appointed. The eff
feet on the open discount market, both of Lon
don and Paris, was that of paralysis, and the
bank rate was soon afterwards advanced to
per cent while $4,500,0O0 gold were shipped
to Paris. The bank OF Belgium raised its rate
to 8 per cent. A leading banker of Hanover
committed suicide, and generally monetary
centers throughout Europe were seized with a
decidedly panicky feeling, and heavy failures
began to be reported, and of course upon the
Paris bourse, London stock board, and else
where, ali kinds of securities were greatly de-
pressed.
On Wednesday the tribunal of commerce
formally declared the failure of the Union
Generate, ard at a meeting of the board of di-
rectors in the evening" Bontoux, the president,
and FEEDER, the manager OF the bank, were or
dered to be arrested and criminal proceedings
Will be commenced against them as well as
several directors,
The latest reports represent the panicky
feeling throughout European financial circles
as subsiding, but it is evident that an era of
more or less stringency is at hand.
A bill has beeu introduced In the French
chamber to rescind the decree against Ameri.
can pork but allowing Its entry at the custom
house only on the oath of the inspectors that
I re meat IS hea thful and IN a perfect state of
preservation.
In Ireland arrests continue numerous under
the coercion act-5 ON the Both, 10 on the LIST
inst, and on the Cd every lnhabltant of the
town of Tough Mask was arrested on suspic-
ion of completely IN the murder of the process
server Hubby and his nephew.
lnformers are daily becoming more plenti
full.
Forster, chief secretary of Ireland, having
sent message to John Dillon offering his re-
lease from Kilmainham jail on condition Of
his going to the continent, the latter replies;
" do not know why the message was sent
me, as have made no communication to you
it any representations have been made by
my friends they are without my consent or
| must request that you will not
address me any further communications"
The court of queens bench, on the ground
that no offense was charged in the summons,
has granted conditional order for the release
of several lady leaguers In Mullingar Jail, for
not finding BAIL to be of good behavior.
subscription is proposed IN England, and
has been commenced, to raise 81 100000 to aid
the Russian Jews to emigrate to America.
Quite a number of heavy failures in Dublin
are announced.
The iHsurrection in Herzegovina is on the
increase.
PENSION FRAUDS.
In order TO arrest the enormous increase of