The Rock Island Argus. (Rock Island, Ill.) 1877-1885, 1885-07-18
CLAMORING FOR CASH
IRELAND SUFFERING A WILD FiNAN-
ClAL PANIC.
Depositors in Long Lines Demanding
Their Money of the Hibernlan Rank
War FURRY Abaing-Irish Wants
Plainly and Briefly Stated.

LONDON, July 49, - The following dispatch
has been received from Dublin:
DUBLIN, July II. There is wild financial
panic throughout ireland, precipitated by
the COLLAPSE of the great Munster bank.
Long before the hour for opening the head
offices of the Hibernian bank in this city
this morning long lines of depositor
had formed with their pass-books in hand,
anxiously awaiting admission; but they were
informed by the clerks that the bank would
demand the legal notice of one week from
each depositor of their intention To with
draw their deposits. This notice caused
intense excitement and for a time it
was feared that an attempt would be made
to force an entrance to the bank but a
strong force Of police present overawel the
crowd and they withdrew, calling down
maledictions on the heads of the bank off
cials. All sorts of reports were current
with regard to the banks affairs, and the
shares OF the institution have suffered a
heavy decline. A semi-panicky feeling pre-
walls on the Dublin stock exchange, and it
is feared that run on all the banks will be
commenced before confidence can be re-
stored.
The Hibernian bank officials claim that
the run on that institution is the outcome
of the scare caused by the Munster bank
failure, and express the utmost confidence
in the ability of the bank to meet all its OBJ
legations The bank does large business,
and has forty-two branch offices in various
parts of Ireland, Depositors are grouped
In the streets leading to the bank, excitedly
| discussing the situation The feeling is very
great and there is talk of organizing
and waiting on the Irish members of par
| lament, now in London, with view of OBJ
| tanning government aid out of the present
| dilemma. Michael Davitt, the only Iromi
nent Irish leader at present in the city, on
| learning of the run on the bank, left hur-
riedly for the seaside to avoid receiving any
| populations of tue angry depositors who
might pick him out for the purpose of organ.
izlng demonstration
The failure of the Munster bank, which
was credited with being one of the most sub
| stantial financial institutions in Ireland, has
caused widespread distrust of all lanking
Institutions From Cork and other south.
ern cities news has been received that run,
have been commenced on the leading bank
ng-housei in the provinces. Trade is par
| alyzed by the monetary panic, and there
/ = 1
| traders and farmers will be beggared
| Plain Statement of Irish Demands.
CINCINNATI, July ls.-"Gata'so special
from New York to The Enquirer SAYS The
writer had talk with Chauncey Dspew
who was asked to state anything he had
gathered when in ireland of the true i'll
wardness of tie Irish question. Mr. DepeV
said:
| had talk some time ago in England
with Mr.. Gray, Of Dublin, the owner OF Tn,
Freeman's Journal lie is the brains If the
National or Parnell party there. | said Il
| him: In the United States we much lie
sire to know what the lrlshmen want. They
are being u ed in our politics according L
the attacks made upon England. Nov,
would like to know what you gentlemen are
attert Do you want t. be permanently
separated from tho British empire, Ii,
SAID, No"
Said /: "Why do you not want to b
separated from the British empre.7 BE
cause we are comparatively poor an,
small portion of that empire, and We would
have TO support public works which W,
could not afford the taxation for, and thi.
is the day for great empires, ant
we would become food for some othel
power that would pick us up Beside,
| buo DIlbLSn uho du enormous army
and navy and civil service, and the Irish
get their full proportion out of that We dc
not want to be separated from that empire
and from the opportunities it gives us fo
employment"
"What, then, do you want2'
"Why, we want home rule; that wha
we raise In imperial taxation shall be ap
piled to the general purposes of the empire
and what we raise for home taxation W
| Va n
like your stats government in America
with our own legislature i'll Ireland"
well, said |. what would you do If yo,
had that home legislaturea" why, tn
first thing We would do would be to put
high tariff on everything coming into Ire
land. We should attempt TO raise oui
standard according to modern peoples, AM
manufacture for ourselves and employ on
folks at home