The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1885-07-16
Afghans viii Resist Encroachments
of the Northern Bear.
Negotiations Between England and
Russia Becoming Serious.

DUBLIN, July 15-The failure of the
Munster Bank has had the effect of paralyz-
ing business in Cork. Among the patrons
OF the institutions was the municipal corpo-
ration, which had ON deposit at the time
of suspension $4,000. The harbor board also
had large sum in the bank Individual de-
posits were large. A feeling of despair pre-
walls throughout the city of Cork William
Shaw, member of Parliament for Cork
county,l and who was formerly chairman of
the bank, is strongly denounced by the peo-
pie, who blame him for the difficulties in
which the bank was involved. Much sympa-
thy IS felt for the employees of the bank, 200
OF whom, managers and clerks,-are thrown
out of employment.
1t is said that one of the directors, Mr..
Shaw, claimed 100000 for his fees as di-
rector Eventually the matter was amicably
arranged in order to stop litigation and Mr..
Shaw Withdrew his claim. In giving judg-
ment n the vice chancellor dwelt severely up
director, Bolton. 1t was shown that adj
vances to the directors were not perfectly
secured. Two recent failures also showed
great unsecured Indebtedness to the bank.
Public confidence ont in the bank was thus
shaken The Bank Of Ireland on Saturday
decided to stop supplies and this resulted in
a suspension which is likely to bring great
suffering upon the south of Ireland.
Shareholders in the Munster Bank have
petitioned tho vice chancellor's court for com
StitutiOn. Many Dublin merchants will be
deeply involved by the failure, There had
been heavy run on the institution for ten
days preceding the suspension and no less
than 81, 100000 had been drawn out by de-
positors.
Cork, July 15.-At an early hour this
morning depositOrs began assembling at the
doors of the bank here and in Dublin, Linn
erlck and other cities and towns in Ireland
where the bank has branches AT noon the
streets in the vicinity of the bank in this
city were blocked with crowd of people
of police was stationed at the bank to pre-
serve order: The crowd hourly grew larger
and more disorderly and fears of a riot were
entertained. Dispatches from Dublin Liner
ick and other points where the bank has
branches state that the same scenes were
enacted at each of those places
Proceedings in Parliament.
LONDON, July 15.-In the House of Com
mons this evening Lord Randolph Churchill,
Secretary of State for India, replying to a
question in regard to the reported Russian
advance in Afghanistan, Stated that the
government had heard of the movement.
Speaking of the hasty retirement of the
members of the British Afghan frontier
commission in the direction of Herat, Lord
Randolph said the Heratis, fearing the Rus
slams contemplated descent on Herat, had
invited COlonels Yale and Peacock to enter
the city and the request had been complied
with.
Russians Advancing on the Afghan
Frontier.
LONDON, July 15.-The following bulletin
was issued at 2.30 p. M;
The Times has received special from Jogdora-
baten via Meshed, dated July 11th, which saws ii
is rumored that the Russians have advanced in
force to Zulikar Pass, and that they are treating
Persian territory as though it was Russian. The
despatch also says that the British frontier com
mission is moving nearer to Herat.
Russian reinforcements are arriving at
Askabad on the way to the Afghan frontier.
The advance of the Russians has made the
Afghans anxious, but they are determined to
resolutely resist any attempt to seize their
like preparations of the Russians under
cover Of pacific assurances. 1t is believed
that General Alikhanoff, the commander of
the Russians, is determined to force on wal