Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1890-07-01
BANK OF BUENos AYREs.
The Report of Its Suspension Authors
tatiyely Denied


LONDON, June 3oth-The Buenos Ayres cor
respondent of the Times telegraphs that the
National Bank of Buenos Ayres suspended.pay-
ment saturday, and the shares tell from los TO
lO0, and closed at u.s. A panic was created on
the Bourse and general feeling of distrust pre-
vailed Gold now commands premium of liS
NOT CREDITED IN NEW YORK.
NEW YORK, June S0th The BancoI Naeional is
the principal bank of Buenos Ayres. The capi-
tai amounts to about $40 900 900 and the amonnt
deposited S45 900 000 it being depository of the
national Government One of the leading mer-
chants doing business with the Argentine Re
public states that its financial condition of late
mas been unsatisfactory. President Celman de-
termined on policy of reform by making all
the necessary economics in the expenses OF the
country, and instituted change of management
the resignation of certain Directors of that in
stitution. The Minister of Finance, Senior Uri-
burn rather than demand such destinations
retired in favor of Garcia.
In carrying out the projected reforms, and in
slsting upon the resignation of certain Direc-
tors, 1t is supposed that suspension of pay
ments has been caused, but the merchants hsv-
ing the largest interests with the Argentine Re
public look upon the movement as one which,
although 1t may be temporarily prejudicial to
many merchants in Buenos Ayres, will ulti-
mately result in an advantage TO that country
by putting the finances upon as sound basis
as agriculture, which. it is said, have never
been more prosperous than at the present time
REPORT DENIED.
/
that the Times advices concerning the National
Bank of Buenos Ayres is Inaccurate 1t appears
that the bank only suspended the payment of
the quarterly dividend, which was,approyed at
the last annual meeting. The President of the
National Bank of Buenos Ayres sent a dispatch
to the Argentine Minister here in which he saws
the Directors of the bank decided to suspend
the quarterly dividend until the shareholders
meeting at the end of the year authorizes the
payment of definite dividend He adds that
the bank wishes by these means to consolidate
itself and convert its shares into safe invest
ment, so as to form respectable reserve fund
Shot at by a Sentry.
EPINAL, June S0th.-Two French inhabitants
of Cabrock. near the frontier, were fred upon to-
day by q German sentry. They were gathering
hre-wood in the forest on the frontier, and
crossed into German territory. The sentry
challenged them and ordered them to with
draw. As they made no reply, he fired, wound
ing one of them.
Appealing to Mexico.
CITY OF MEXICO. June 30th.-Teleerams to
the press agency from San Salvador state that
the Government of Guatemala propose to have
man of its own selection to succeed the late
General Menendez in the Presidency OF San SAL
vadOr, and that the people of San Salvador are
opposed to this interference, ana appeal TO Mex
leo for help. This undoubtedly will be given
a. pIGsident Bsrrillas of Guatemala to enlarge
his lower.
Slightly Wounded.
PARIS, June 30th. = NJ Fonquier slightly
wounded the editor of the AatiR IN a duel to-
day