Papurau Newydd Cymru
Chwiliwch 15 miliwn o erthyglau papurau newydd Cymru
10 erthygl ar y dudalen hon
-----.._--PARLIAMENTARY JOTTINGS.…
PARLIAMENTARY JOTTINGS. MEMBERS of Parliament often remind me of schoolboys; the majority of them rejoice in a holi- day as much as they did when under masters and tutors, and, indeed, the Government have worked the young members this Session, "pretty consider- ably," as the Yankee would say. Those above sixty years of age claim exemption from sitting on committees; consequently, when there is much business to be done of this kind, the younger mem- bers are sure to be im for it; and the number of election petitions, in addition to inquiries into private bills &c., this Session, have been more than usually numerous, and every committee- room has been occupied, day by day, from ten or eleven in the morning till four in the afternoon, employing the time of upwards of one hundred members. On the eve of the Whitsuntide holi- days the young representatives countenances seemed to brighten up, and as they left the House, after the announced adjournment, there was observable something like a cheer of de- light. Again, like schoolboys, they returned to their labours, and on the first day of re- assembling members just looked in at old faces and old benches and retired again; they did not seem prepared for work, and it took considerable o. whipping up" to make a House. The most notable matter on Thursday, previous to the set business of the day being introduced, was Mr. Disraeli rising to ask a question concern- ing the proposed European Congress. "What is it?" "What is he going to move?" was asked on all sides, as the manly form of the leader of the Opposition got upon his legs. There is an im- portance in every attitude of Mr. Disraeli, from the curl which invariably settles upon the same spot on his forehead which it has always occupied, never decreasing, never lessening even by a hair, to the long sui'tout which he seems always to have worn, and into the back pockets of which his hands must necessarily be plunged, as if he could not trust his colleagues behind him. Mr. Speaker, Sir," he commences with solemnity and then hesitates a little, that the House may know a man of importance is about to address them. On this occasion, as on several occasions lately, he put himself forward as the mouth-piece of his party and said, "I take this opportunity of insti- tuting some inquiry from her Majesty's Govern- ment on a subject of great importance. I should I like to know whether they have any communication to make to the House respecting the proposed or intended Conference in Paris. I wish to know whether it is a fact that her Majesty's Government have acceded to the invitation of one of the Great Powers and consentd to have a Conference respect- ing the affairs of various parts of Europe, and whether there is any truth in this announcement which I find in a foreign journal that is generally treated as a semi-official organ. The three Courts seek condi- tions of agreement in territorial compensations which would offer indemnities and satisfaction to the claims of Prussia, Austria, and Italy. The difficulty in the present st^te of affairs is in finding compensations suitable to each case. "Now," continued the right hon. gentleman, I want to know what these territorial compensations mean. Mr. Gladstone immediately rose; and asked Mr. Disraeli to be kind enough to let him see the paper, and having read the paragraph referred to, he confessed to a want of information on the subject, and said he would give the .best answer in his power—viz., that th.e G-oveirnnieBt had entertained with earnest desire though, perhaps, not with sanguine hope-the Congress about to be formed by the united efforts of England, France, and Russia. That the proposals to be made by this Congress had not been finally adjusted, but that territorial compensations would not be the basis on which it would be formed. A little amusement was caused by Mr. Darby Grriffith rising to point out that the Foreign-office was entirely unrepresented, and to ask when the Under-Secretary for Foreign Affairs (Mr. Lajard) would be present. Mr. Gladstone said he had no intimation of his honourable friend's absence, but he would doubtless be in his place when his services were needed. A young, member below the gangway said, I" lyho's Griffith?" a remark referable to an advertising term seen all over London, which made all who heard it titter. Lord Eliot, the eldest son of Earl St. Germans, a fine-looking person, with full flowing auburn beard, and Mr. M. Chambers, a quiet looking gentleman, with grey hair, walked up to the table, introduced by two members, and took their oaths and seats for Devonport. Lord Otho Fi'zgerald, who has been re-elected for the county of Kildare, on his taking office in the Queen's Household, followed suit. The noble lord is the third son of the Duke of Leinster, and Captain of the London Irish Volunteers. He looks every inch a soldier of the aristocratic stamp. The prime subject.of the evening, however, was the Customs and Inland Revenue Bill, that is to say, the Budget in another shape. When it was introduced, Mr. Hubbard, an ex-Governor of the Bank of England, introduced an amendment which advised the taking that part of the surplus revenue which was to be applied to the reduction of the National Debt and using it for the purpose of reducing the duties on fire and marine insurance. In an emphatic manner he proceeded to argue that nobody wanted such a convenient insti- tution as the National Debt to be paid off; and that it would a bad speculation to get rid of a mortgage on such light terms, when money was at ten per cent. Mr. Hub- bard is a very unpretending, yet somewhat dogmatic speaker; he is, however, parexcellence, a Bank of England man, and he rises into compara- tive importance when bank subjects are discussed. His amendment on this occasion was seconded by Mr. Marsh, "the Australian man," as he is called, because after having made a fortune in that colony he takes every opportunity of denouncing the system of Government carried on there. There is a good deal, that is clever about Mr. Marsh. He has a smart, confident way of speaking, and makes occasionally some clever points, which induces one to believe in- his originality, at least, if not in his depth of argument. He was not fortunate, how- ever, in taking up the. subject of the coal supply, and telling us that there was less fear of lack of coal than lack of water, and arguing tha.t if coal failed we could use water. Mr. Mill happened not to be in the House, otherwise the hon. gentleman's theory would probably have been torn to pieces by the great political economist. After several speeches had been made upon the subject it was found that Mr. Hubbard's amendment came at the wrong time, and was not in order, therefore Air. Gladstone had little to say in reply, and he only attempt to divide the House upon the subject was made by Mr. Hubbard, who alone cried "No" when the question "That the second reading do now pass was put from the chair. After this was disposed of, Mr. Gladstone intro- duced his Terminable Annuities Bill, which seemed likely to lead to an. interminable debate. The bill wa s an appendix, as it were, to the ^Chancellor of the Exchequer's Budget, and is, in a measure, a new way of paying old debts;" that is to s?y, that, without interfering with the prosperity of the country, Mr. Gladstone thinks that we can pay off the Nat ional Debt in less than a hundred years. _Mr. Hubbard. thought differently; so did Mr. Laing, Sir Fitzroy Keliy, and a host of other members; but, perhaps, no speech was more damaging to the Government than that of Mr. Fawcett, who, quoting from this autho- rity or the other, said he had recently read (although he is blind) such a remark, and argned that all -oppressive taxation should be reduced before we paid off old debts, which our ancestors, for the most part, had contracted. The second reading, however, passed, but with the dis- tinct understanding that it should be thoroughly sifted in committee. On Friday, as on Thursday, members were very slow in making their appearance, and, after prayers had been read, Mr. Speaker sat upon the Treasury Bench for a few minutes, to see if suffi- cient members were present; he then commenced counting, and only found thirty-four, himself making thirty-five; he, therefore, declared it no House," and retired. The next morning I noticed that the London papers all began in the usual phraseology, At four o'clock the Speaker took the chair." Now, he did not take it at all, as it is not etiquette for him to do so until forty members are present, without which it is no meeting."
MURDER AT JERSEY.
MURDER AT JERSEY. Another murder the second that has occurred within three weeks-was committed on the island of Jersey on Monday. A Frenchman named Constant, a | farm labourer, called at the house of a farmer named Renouf, and asked Mrs. Renouf for a draught of cider. There being no other person upon the premises she was afraid of the maD, and to get rid of him gave him a jugful of cider. He was then in the yard at the back of the house, and as Mrs. Renouf was handing him the drink, he threw a handful of dust into her eyes, and then knocked her down. She managed to get on to her feet and escape into the house, the man following her., He again knocked her down and endeavoured to force her, but she succeeded in preventing the ac- complishment of his design. Baffled in his intention, he knelt upon her chest, seized her by the hair, and dashed her head violently upon the stone floor, leaving her for dead. Her cries brought assistance to her, and medical aid was tent for from town. Her injuries were found to be so great, that no hope was enter- tained of her recovery, and in the course of the even- j ing she died. The murderer, who is well known, will doubtless be speedily captured. The deceased was pregnant at the time of the dreadful occurrence,
MYSTERIOUS DISABfEAMANCE OF…
MYSTERIOUS DISABfEAMANCE OF ANOTHER BRADFORD GENTLEMAN. The Leeds Mercury has the following On Thurs- day afternoon information was received at the police- office at Scarborough which leads to the impression that another gentlemen belonging to Bradford has come to an untimely end-whether by accident or by his own act is uncertain. The person referred to is Mr. Greenwood, brush manufacturer, of Bradford. Mr. Greenwood travels on his own business account, and in the early part of the present week he was at Scar- borough, at which place he received letters from his friends. On Wednesday he went from his lodgings, and in the afternoon of the same day was seen on the beach near Clayton, a few miles south of Scarborough. The place is very secluded and lonely but Mr. Greenwood was seen by a farm- ing man who was walking along the cliff top. The man was struck by certain gesticulations the stranger was making-hurrying to and fro, throwing his arms wildly about, and conducting himself in a rather extraordinary manner. Eventually he beoame still, and the observer passed on, thinking that exercise had been the object of the stranger's actions. Some time later he returned in the same direction, and then observed lying on the sands belaw what appeared Some time later he returned in the same direction, and then observed lying on the sands belaw what appeared to be a bundle of clothes. As he saw no one near he beoame alarmed, and at once went to the spot, where he found a suit of olothes ljingr, but not a, vestige of their owner was to be seen. There was a silver watch and gold chain, some money, and several letters and address cards, whereby the olothes were correctly sup- posed to belong to Mr. Greenwood. It is said that Jttr. Greenwood's conduct had been somewhat singu- lar his wife's letters had not been answered. Being alarmed, she proceeded to Scarborough on Thursday, where she learnt that her husband was missing from his lodgings. She arrived at the poliee-office almost immediately after Superintendent Pattison had received the information given by the rural police. Mr. Pattison did not disclose the fall oircumstanoes, and induced Mrs. Greenwood to return to Bradford, where her friends were ac- quainted with the real state of the case. There ap- pears no doubt whatever that the unfortunate gentle- man has been drowned and washed away by the tide. There are at least three singular coincidences in this event and the death of Mr. Blum, which it so closely follows. First, both gentlemen were inhabitants of (Bradford; second, both have met their end in an un- timely manner at the seaside away from home; and, third, it is uncertain in either case whether suicide was committed or not. It was rumoured in Scarbsrough that the body had been washed up and found: but the report proved to be incorrect.
) INTERNATIONAL HORTICULTURAL…
INTERNATIONAL HORTICULTURAL EXHIBITION. One of the largest and certainly one of the best. arranged flower shows which have ever been witnessed in England was opened on Monday, with the most complete success, on the waste grounds of the late Exhibition, near the Horticultural Gardens. A better [arranged or better displayed exhibition of this kind has never yet been offered to public inspection. Every flower of beauty, every plant of rare worth, from the most delicate orchids and parasites of the tropics up to the hardiest ferns and conifers of the northern regions, were all here exhibited, and exhibited not only in their zones of vegetation and in the utmost development of their forms, but in all the contrast of colour and foliage which so much brightens their beauty. Unlike other shows the immense collection was not merely ranged in rows of plants and in rows of pots, the wide space in which the flowers and flowering shrubs, palms, tree ferns, cacti, and greenhouse plants were shown covered an extent of nearly four acres, which was broken up and diversified by the skill of the landscape gardener. There were banks and valleys, little hills, and knolls with ro ikeries and fountains, so that at every instant and at every turn in the walks fresh glimpses and fresh c&ups d'osil relieved the eye. The idea of this international show in England was suggested by the similar exhibitions which have been held in Holland and elsewhere. To carry it out properly a large guarantee fund was necessary, for the preliminary expenses amounted to no lei5s than Y,3,500, while upwards of £ 2,500 has been given in prizes. In con- nection with the display a sort of international botanical congress was held during the meeting at the South Kensington Museum, when papers on all the almost infinite branches of horticulture and botany was read, and one great conversazione given to foreign and English visitors. For a show of such a varied and, above all, of euoh an extensive character it was necessary to devise special arrangements. No ordinary building—not even the great extent of the Crystal Palace—was adequate for its proper display. It was therefore determined at once to erect a series of gigantic marquees which, built upon timber supports, and very much on the old ridge- and-furrow principle of the glass and iron roofs, should suffice to shelter the whole collection. Accordingly the show was arranged in a pleasure- ground of more than ordinary dimensions, with broad gravel walks, turfed embankments, miniature lakes, and picturesque rockeries. Our readers may glean some notion of the extent of the show from the fact that nolesa than 162,980square feet were devoted to the e.uhibiting area Ia space comprising more than three and a half acres. Over this area a monster tent was erected, 562ft. broad. For the erection of this vast structure no less than 40,000 yards of canvas have been employed. The space which this tent occupied extended from the # Crom- well-road entrance of the Great Exhibition of l8t;2 to what formerly constituted the refreshment court of the Exhibition. To the visitor entering from the Cromwell-road, the beds whiehfirst attracted atten- tion are those ocoupied by light-coloured azaleas, pelargoniums, calceolarias, fuchsias, and other flower- ing plants, and plants of variegated foliage and shrubs of sombre texture occupied those portions not so con- spicuous to the ordinary view. As many as 24 classes pf azaleas were exhibited by Mr. Tarner, of Slough, and J-, is not too much to say that this collection surpassed anything of the kind hitherto presented to the metro. politan public. IN the various classes of orchids, palma, and tropical plants a, very extensivejdisplay was made by Mr. Yeitch, who distinguishes himself at every floral fete of this description. In these classes Messrs. Paul, Williams, and Bell were also prominent exhibitors. The rhododendron valley, supplied by Messrs. Waterer and Godfrey, formed one of the most interesting fea- tares of the exhibition. The brilliant colours of the plants, constituting as they do in themselves a rich and varied picture, gave an appearance of bright and mellowed richness, and afforded a pleasant contrast to the calm, cool green of the ferns, which rose above and almost entirely concealed the rockwork in which they were placed. The Crystal Palace Company had by far the finest ferns in the exhibition. Sir C. Dilke, M.P., was chairman of the executive committee, while Messrs. Eyles, Gibson Moore, and Dr. Hogg constituted the body on whom the onerous duties of arranging the grounds and flowers mainly depended. It is almost needless to say that with a show of such unexampled extent and variety the attendance of visitors was unusually large. At about half-past three o'clock their Royal Highnesses the Prince and Princass of Wales entered the tent, together with Prince Alfred, Princess Helena, the Duke and Duchess of Cambridge, the Duchess of Mecklenburg-Strelitz, the Princess Mary, and Prince Teck. General KnoUjs, Major Teesdale, Colonel Purves, the Hon. Mrs. Bar- din ge, Sir W. Dilke, and Sir Daniel Coopsr were in attendance. Their Royal Highnesses were conducted over every part of the show, staying longest near the banks of azaleas, roses, and orchids. The chief and the most enterprising of the foreign exhibitors had the honour of being presented to the Royal party, who, after a stay of nearly two hours in the tent, passed into the gardens of the society. Between 200 and 300 prizes were given for the best specimens of the various classes. In the evening a grand banquet was given at the Mansion-house, which was attended by many great and noble personages.
GREAT FIRE IN MANCHESTER.
GREAT FIRE IN MANCHESTER. One of the largest fires which ever occurred in Man- chester broke out on Wednesday morning in the ex- tensive pile of warehouses belonging to the London and North Western and Great Western Railway Companies, which occupy the wide,area bounded by Liverpool-road, Lower Bjrom-street, Charles-street, and Water-street. The site was originally the terminus of the old Man- chester and Liverpool Railway, but for some years it has been exclusively devoted to the purposes of a goods sta- tion. The warehouses were numbered 1, 2, and 3, and the fire broke out in a corner of No. 2 Warehouse, fronting Charles-street, filled with cotton, oil, grain, &c. In a short time the flames spread to No. 1 Warehouse fronting Lower Byrom-street, containing cotton, madder, and madder-root, and it soon became apparent that no efforts to prevent the complete de- struction of these buildings would be available. Al- though the wind was not boisterous there was a mode- rate breeze, and the open situation was another favour- able condition to the spread of the flames. The entire fire brigade of Manchester and Salford were quickly on the spot, and the utmost energy was displayed in attempting to stay the progress of the fire. Ware- houses 1 and 2 were completely destroyed, floor after floor falling in with a tremendous crash. An additional element of excitement was occa- sioned by the transfer of some hundreds of pigs to safer quarters, and which was achieved with the loss of. only one of the animals. All the books and papers of the companies were saved, as well as the offices and residence of Mr. Thomas Kay, the principal agent of the London and North- Western Company. The fire was not wholly subdued until about eight o'clock. The loss, according to an estimate which may be regarded as reliable, is put down at ^300,000. The origin of the fire is unknown. During the progress of the fire a wall fell in, burying a fireman named dark, who was subsequently extri- cated and conveyed to the infirmary in a very critical state.
AN ALARMING ACCIDENT ON THE…
AN ALARMING ACCIDENT ON THE LONDON AND NORTH. WESTFRN RAILWAY. .1 An accident of rather a serious character ocanrred on Monday on the Oxford and Banbury line. The following particulars are given by a passengerThe excursion train started from Northampton about eight a.m., being long and heavily laden, and proceeded in due order to Bletchley. Here two other excursion trains from Oxford and Banbury were attached to the Northampton train, forming one monster train, com- prising about 40 carriages, containing probably about <2 000 persons, and drawn by two powerful engines. The train proceeded in this order to Tring, where it was shunted on to the additional side line which terminates at the abutment of the bridge which stands about 200 yards before reaohing the Watford tunnel. It proceeded slowly through the Berkhampstead and King's Langley stations, and, owing to some extraordinary mismanagement, was allowed to, run against the abutment of the bridge before-alluded to, and which is about two miles from the King s Langley station. Fortunately, the speed at the time of concussion hal been reduced to the rate of from four to five miles per hour. Had the speed been greater, the loss of life would undoubtedly have been. very great. The drivers and stokers of the engines, having previously reversed the steam and applied the breaks, saved themselves by jumping off. The concussion was a very severe one, awing to the immense length and weight of the train. The two engines were reduced to a complete wreck, the tender of the first being literally forced over and through the boiler, and lying against the abutment of the bridge; the second engine lying on its side on the embankment smashed and forced over the wreck of the first. The guard's break-van, which was next the engine, was, except the break part, crushed up like a broken match- box. The two carriages next the guard's van were thrown off the rails in an oblique direction, the fore- most end of the second carriage (a second-class) being thrust into the one next the guard's, which was a first- class carriage. The guard escaped with a out on the side of the face but a man who was travelling with him was rendered insensible, and was eventually re- moved on a platelayer's. trolly to Watford. It is feared the shock in his case has produced concussion of the brain. The effeot on the excursionists can be hardly de- scribed. The occupants of opposite seats were thrown violently into contact with each other, and those who esoaped with bruisea only were extremely fortunate. Heads were thrown into stunning collision with other heads, the blood flowing profusely fr-om the foreheads, cheeks, evebrows, and mouths of many of the passen- gers. Within an incredibly short space of time the more fortunate passengers made their exit from the carriages, and afterwards assisted those most injured to alight. The embankment presented a truly pitiable epectaole —young women dressed in their holiday attire lying about wifrh the blood streaming over their clothing, men sitting with their heads bound up with pocket- handkerchiefs, children crying; in fact, the great majority more or less bruised, and at a moderate com- putation some 200 or upwards bleeding more or lees profusely. Many of the women fainted away, and brandy and other spirits were freely offered in these cases to the more unfortunate ones by those excur- sionista who happened to be in possession of the stimulant. The villagers of King's Langley also quickly flocked to the spot, and rendered willing and praiseworthy assistance, by fetching buckets and cans of water to wash the blood from the wounds of the most: badly injured. The passengers expressed great indignation at the management which had induced the accident.
[No title]
TALLOW, MAY 29.—The market is firm. Petersburg Y C. on the spot is quoted 42s June, 423; October to De- cember, 46Town tallow, 40s 6d, net cash. COTTON, LIVERPOOL, MAY 29.—The market very LriLjk,, and prices of American are td above yesterday's rates. HOPS, BOROUGH, MAY 28.-Messrs. Pattenden and Smith report that the riemand continues healthy for all descrip- tions of English and foreign at late prices. The reports fro en the plantations speak decidedly unfavourably of present aspect of the coming crop. HAY MARKETS | Stnithfleld. Cumberland, f Whiteohftp*^ s. d. s. d.1 3. d. s. d.| a. d„ s. d„ Meadow Hay.. 84 0 to 110 0 84 0 to 112 0! 84 ft to !12 ■> Clover 1105 0 135 0j]05 0 135 0;105 0 135 ft Straw. 40 0 46 o| 40 0 16 0i 40 0 *6 &
OUR" CITY II ARTICLE. -.
OUR" CITY II ARTICLE. THE hope that confidence would speedily be restored in the Money Market, and bu8iness re. snme something like its usual course, is as yet un- fulfilled. The process of recovery from such a shock as that lately experienced must necessarily ba a slow one, and in the present case it is delayed by instances of imprudence and consequent failure which have been revealed since the general panic subsided. It is difficult to traDsac business of any kind in the market on reasonable terms, and the general feeling is still one of great depression. The additional powers granted to the Treasury by the Bank, by the suspension of the Bank Charter Act, have not been exercised; and although the fact is generally regarded as a matter of congratulation, it is maintained by some to be exactly the reverse. It is asserted that more liberality should have been shown by the directors in meeting the requirements of the market, by re- laxing the rigid hold they have maintained upon their uie.«is, and, in a time of such pressure, affording a larger measure of accommodation on good security. The general complaint is that money cannot be raised on securities of any class except at ruinous prices. For this the Bank of England is held greatly to blame, in keeping special resources, liberated by the Government to meet the present contingency, entirely within its own power, instead of allowing them to become diffused throughout the country. There are, however, two sides to this question. It is no wonder that when men of business, of good credit and resources in ordinary times, find themselves brought to a complete standstill for money, unless they pay for it at a rate so high as to sweep away all or more than all their profit- it is no wonder that at such a time the complaints we have mentioned are rife. But it must be remem- bered, on the other hand, that in the first place the Bank of England is not accountable for the ex- istence of the recent panic; and next, that it has to provide not only for the circumstances of the pre- sent moment, but for any future events to which those circumstances may give rise. It has, in short, to provide not only for actual, but for possible panics; for future as well as present de- mands upon its reserves. In this view of the case, the general approval which the recent course of the Bank directors has met is considered to be well merited; for the fact remains that no special resources have up to the present moment been called into use, but that all such resources are still available for any future eventuality. This is a circumstance that must tend to restore public confidence, while it forms the best possible basis for an early settlement of commercial affairs on their ordinary foundations. The struggle for the time is severe, but there is every element of hope for the future. The weekly return of the Bank which was made up on the 23rd of May shows but a small addition to the other securities," which measure the accommodation demanded by the public. The increase in this item in the week was £ 107,147. But in the previous week, it will be remembered, the addition was more than ten millions! The private deposits were augmented by Y,170,245, and this fact involved the further favourable circum- stance of an increase of £100,035 in the Bank's reserve of notes. On the other hand, there was a falling off of X466,019 in the stock of bullion, which then stood at £ 11,857,786. This diminution in the supply of bullion, which is the unfavourable feature of the weekly return, is consequent upon the continued drain of gold for the Continent. There the effects of the crisis in England have been greatly exaggerated and misunderstood; the anticipations of our Foreign Secretary were therefore. but too well founded, and it does not appear that the efforts of our diplomatic representatives, at his suggestion, to explain the real state of the, caee, have yet pro- duced any wide-spread effect. People are re- calling their capital from England, and while the bullion in London is diminished, that of the Bank of France, especially, is being rapidly increased. It will, without doubt, flowbGtck by-and-by, but the fact of its withdrawal adds to the temporary difficulty experienced here. There have, however, within the last few days, been some important arrivals of gold to compen- sate for this foreign drain, and notably one from the United States, to the amount of about half a million. This, it may be presumed, is chiefly in payment for the large exports from England of the past few months, and it will consequently prove a most timely supply of capital to many of our manufacturers and merchants. With regard to events immediately affecting the markets, the closing of the Back of London, and afterwards of the .Consolidated Bank, has added to the depression which previously pre- vailed. Both these banks were regarded, but a few months back, as flourishing institutions, and were declaring large dividends upon their paid-up capital. Even within the past month, the shares of the Bank of London, with Y,10 paid, stood at one time at 25 in the market. The Consolidated, with £ 4 paid, touched 5f prem. also within the month, and were at 3t prem. only the day before the closing. In the case of theIBank of London, the suspension is attributed to the fact of its means having been locked up to a large amount in "financial" operations. Hence, in time of diffi- culty, like other institutions which have lately fallen, it was unable to avail itself of resources which properly should have been kept at its dis- posal at any time. It is, in fact, once more the tale of imprudence and disaster which recent events have made so familiar. It was arranged that the business of the Bank of London, so far as concerned the deposit and current accounts, should be transferred to the Consolidated Bank, with a sufficient amount of assets to meet this liability. But holders of ac- ceptances and other creditors of the Bank of London resisted this arrangement, as giving an undue preference to a certain class of the bank's creditors. They speedily succeeded in obtaining an injunction against the Consolidated Bank, for- bidding them to carry out the agreement entered into. Moreover, at the same time, the directors of the latter bank made the discovery that errors to an extent involving the surplus of the assets in hand, arose from liabilities which were at first not seen in the hurried negotiation with the Bank, of London. In this double difficulty they determined that the only course likely to protect the interests of their own customers and shareholders was at once to close the bank. "It is desirable," says the official circular, that the correct state of affairs should be known, which is, that assets to the extent of nearly one million remain in the hands of the provisional liquidator of the Bank of London to meet the acceptances and other liabilities not taken over. Even now it is expected that the liquidation on the part of the Consolidated Bank must prove satisfactory,, and that fully 20s. in the pound will be paid to both creditors and shareholders." The stoppage excited surprise even in well-in- formed circles, for, as we have said, the reputation of the bank was good, and the shares stood at a premium. The Consolidated Bank was formed in .1863, by the junction of two private firms—Messrs. Hey wood,, Kennard, and Co., and Messrs. Hankey and Co.—with the Bank of Manchester. It united commercial respectability and experience to an eminent degree, and, although a new concern in its latest development, was regarded as one of the best banks in London. The stoppage is entirely attributable, as it appears, to the short-sighted and injudicious arrangement made with the other bank, and, although it has had the effect of enhancing the depression in the markets, it is not in itself an event to justify a renewal of the recent alarm. The public must be cautioned against the un- scrupulous proceedings of the "bears" or specu- lators for the fall in the prices of bank and other shares, who are very active just now, and are believed in some cases even to have resorted to the device of sending anonymous circulars to shareholders and depositors, to induce them to sell or withdraw their investments, and so to injure the position of any particular undertaking in the market. It is urged that establishments thus menaced should defend themselves by entering the market as buyers when the shares are forced below their intrinsic value, and thus restore the price to its proper equilibrium, besides inflicting a suitable punishment on the disappointed specula- tors for a fall which would not then occur. The suggestion is likely to be acted upon.
[No title]
■ » Hydrophobia.—Mr. Philpott, partner in the firm of Wilson and Philpott, brewers, Newton-heath, died on Saturday evening from hydropbobia, although the bite was given him so long as July last.-Ov Friday a mad dog in the village of Rishworth, near Halifax, bit two cows, which had both to be de- stroyed. A man, named John Hamer, and a child were also bitten.
Ipra'Mxt alD Cxwnirji gjarkets.…
Ipra'Mxt alD Cxwnirji gjarkets. Money Market. CITY, IYIAY 29.-Some rather large bond fide purchases: have been effected to-day in the Stock Exchange, and the tendency of the various markets is favourable. The tele- grams from the Continent withregaid to the conference are considered satisfactory, and it is hoped that confidence will continue to increase in commercial and monetary circles. The applications for discount to-day were moderate, white the supply of money is large. The lowest rate for the best paper, however, is 10 per cent. Consols are now quoted 87i to 1, with div., for money, :či 86t to i. ex div., for the account (Jane 6). The railway market is firm to-day, alid a rise has tavern place in most of the chief lines. London and North Westera* stoek may be quoted 1174 to 118; Metropolitan, 126 t > Great Western, 55 to i; Midland, 123f to 124; Lancashire and Yorkshire, 120 to J; South Eastern 71 to 72; Great Northern. 12H to 122-J; ditto A, 131 to 132; Caledonian, 124% to 125%; London, Chatham, and Dover, 25l to 26; anoi Great Eastern, 37 to i. BANK OF ENGLAND.—An Account, pursuant to the- Act 7 and 8 Vict., cap. 32, for the week ending on Wednes- day, May 23, 1866. ISSUE DEPARTMENT, Notes issued £ 26,300,435 Government debt £ 11,015,ICO Otiler Gold coin & bullion 11,300,135 „, „ Siiyer bullion — fi ,J. £ 26,300,435 £ 26,300,435. BAKKlBS DEPAUTMENT. Froprietors'capit'l £ 14,553,000| Government seen- Best 3.0% 8771 rities (inc. dead Public Deposits 5. £ >94,76lj weight annuity) Other Deposits 18,790,917jOther Securities 31,050.403 Seven dnjs and 830. other bills 551,123j Gold & silver coin 557,351 275,67,3 .£t3,275,b78 May 24, 1866. W. MILLER, Chief Cashier. The Corn Trade. MARK-LANE, MAY 28.—We had a small show of English Wheat on the stands this morning, and arrivals from abroad alemoderate. The sales made were at last Monday's prices; but the extent of business, in both English and foreign Wheat was limited.—The Flour trade was inactive at former quotations.—Peas and Beans maintained late ratee.—Barley was in fair request, at former prices.—Of Oats we have lai-gp- arrivals. The trade was depressed, and on prime sampies we bad a decline of 6d per qr.; inferior descriptions were sold Is below the quotations of this day week.—Fresh arrivals at the ports of call are few in number, and the value of cargoes is the same as last week. CURRENT PRICES OF BRITISH GRAIN AND FLOTTB, Shillings per Quarter WHEAT, Essex and Kent, white new 41 to 52 „ red „ .40 47 Norfolk, Lincoln, and Yorkshire, red 41 47 BARLEY 29 to 34. Chevalier, new37 4S Grinding 29 31 Distilling 32 37 MALT, Essex, Norfolk, & Suffolk, new 60 67 Kingston, Ware, & town-made, new. 60 67 Brown 53 58 26 23 OATS, English, feed 20 to 25 Potato 24 30 Scotch, t'eerl .20 25.. Potato. 24 30 Irish, feed, white 19 22 Fine 23 26 Ditto, black .19 22 Potato 24 27 BEANS, Mazagan .42 44.Ticks 42 14 Harrow 44 47 Pigeon .47 51 PEAS, white,boilers37 ■ 42 Maple39fco42 Grey,new 36 37 FLOUR, per sack of 2801bs., Town, Households 42 46 Country,on shore 32 ta 35 u .37 3& Norfolk and Suffolk, on ahore. 31 32 FOREIGN GRAIN. WHEAT, Dantzic, mixed .52 to 55.old, extra 55 60 Konigsberg .48 53 extra 53 55 Rostock .48 52 fine 53 55 Silesian, red.46 48 white 49 51 Pomeia., Meckberg., and Uckerinrk.red old. 46 51 Russian, hard, 42 to 45.St. Petersburg and Riga 45 48 Danish and Holstein, red 45 54 French, none Rhine and Belgium 47 53 American,red wirter 47to51,spring46to49, white BARLEY, grinding28 to 31. distilling and malting 35 4C OATS, Dutch, brewing and Polands21 to 23 feed 19 24 Danish and Swedish, feed 20 to 25 Stralsund. 20 25 Russian, Riga 21 to 23.Arch., 21 to 23.P'sburg 23 2S TARES, spring, per qr. 45 50 BEANS, Friesland and Holstein 37 42. Konigsberg 40 to 43.Egyptian PEA8, feedingand maple 37 41.fine boilers 36 40 INDIAN COlN. white .30 33 yellow 3(1 32 FLOUR, per sack, French 33 37.Spanish, p sack 33 37 American, per brl 23 26,extra and dtle. 27 30 LIVERPOOL, MAY 29.—The market thinly attended,. Wheat slow sale and nominally unaltered in value. Flour dull and French rather pressed. Indian corn moderate de- mand at 30s to 30s 3d for mixed. Bean3 steady. Oats and oatmeal in fair consumptive request at late rates. Fruit and Vegetables. COVEN T- GARDEN. -Cherries from the Continent stil., continue to arrive in tolerable abundance. A few foreign apricots also make their appw,ranC8. Grapes are plentiful, and prices unaltered; the supply of strawberries hasgrerttJy improved. Deseert pears are now confined to Easter beuire,, Apples consist of courtpendu plat. Of pineapples there is a fair supply. Salads continue to arrive in good condition, and green peas are more plentiful, as are aiso cucumber. Flowers chiefly consist of eeutzias, orchids, hfaths, Chines'6 primulas, cinerarias, camellias oelargoniums, az.ah,s stocks, mignonette, and roses. FRUIT. s. d. s. cL s. d. s. Apples,p.hf-sieve 4 0 8 0 Peaches,per doz, 30 0 48 0 Grapes, per lb. 8 0 15 0 Pears,kitchen, dz. 0 0 0 il Lemons,p 100 6 0 10 0 „ dessert „ 0 0 0 @ Gooseberries qt. 0 9 10 Pineapples,p. lb. 8 0 12 >3 Nuts,cob, 1001b 0 0 0 0 Strawberries,p oz. 1 0 1 6 Filberts, pr lb. 0 0 0 0 Walnuts, pr bh. 14 0 20 0 Oranges,p.100 6 Otol2 0 j Chestnuts, do 8 0 IS 0 VEGETABi.i.a sd a d, s Ó ad Artichokes, per doz.4 0 to 6 0; "iIu8hrooIlls,perpotU 6 2 Ü Asparagus,per bun. 3 0 8 0 Mustard&Cress, p.p.O 2 0 (C Beans,kidney,p. 100 2 6 0 0;Onions, perbushel.6 0 3 G Beet, per dozen 2 0 3 Oj pickling, p.qt.0 6 10 Broccoli, p. bundle 10 1 6J Parsley, per -3 sieve 2 0 3 0 Cabbages, per doz. 1 0 2 0; Peas, per qt 4 0 6 G Carrots, per bunch 0 4 G 8, Parsnips, per doz .1 0 2 0 Cauliflowers.p, doz. 2 0 6 0j Potatoes, York Re- Celery, per bundle 2 0 2 6 <?ents, per ton 80 t> 95 0 Cucumbers, each 0 6 1 Oj Rocks, per ton 60 0 70 0 Endive, perscore.l 0 2 oj Flukes, per ton 105 0 125 0 Garlic, per lb 1 0 0 OjKidneys, per cwt.8 0 12 0 Herbs, per bunch.0 6 0 01 Radishes, p. 12 bn. 0 6 1 0 Horseradish,p. bn,2 6 4 0 (Rhubarb, p. bundle 0 4 1 G Leeks, per bunch.0 3 0 01 Sea-Kale,per punnet 0 0 0 0 Lettuces, per doz.1 0 1 6jSpinach, per bush. 4 0 5 0 Mint, per bunch .0 6 0 8iTurnips, per bunch 0 4 Ù 6 Meat and Poultry Markets. NEWGATE AND LEADENHALL.-There are goui supplies of meat, and the trade is steady. Per 81bs. by the carcase d. s. d 3. d. to s, d Inferior beef 3 2 to 3 6 Capons, each. 0 0 0 ( Middling ditto 3 8 4 0 Chickens, each 19 2 Prime large 4 2 4 4 Ducklings,each 2 6 3 C Ditto small 4 6 4 8 Rabbits, each. 10 1 ti Large pork 4 0 4 6 .Hares, each 4 0 4 6 Inferior mutton 3 8 4 6 Grouse, each 0 0 0 0 Middling ditto 4 8 5 4 Partridges,each 0 0 0 0 Prime ditto 5 6 5 8 Pheasants,eaeh 0 0 0 Veal 4 4 5 4 Pigeons, each. 0 7 0 £ Small pork 4 8 5 -0 Ostend £ r. butter, Lamb 6 4 7 6 per doz. lbs. 11 6 14 ( Turkeys, each 0 0 0 0 English dioto. 12 0 16 C Goslings, each 7 0 8 0 Frenchesfgs, 120 5 6 7 & Fowls, each 2 0 3 0 English ditto. 8 0 9 C I' METROPOLITAN. A statement of the supplies find prices of fat live stock on Monday, May 29, 1865, as coin- pared with Monday, May 28, 1866 Per 81b3. to skik the off May 29, 1865. May 28, 185i. s. d. s. d. s. d. s. d. Coarse and interior Beasts 3 6 to 3 10 3 10 to 4 2 Second quality ditto 4 0 4 4 4 4 4 & Prime large Oxen 4 6 4 8 4 10 5 0 Prime Scots, &c. 4 10 5 0 5 2 5 4 Coarse and inferior Sheep 4 4 4 8 3 10 4 4 Second quality ditto 4 10 5 4 4 6 5 2 Prime coarse-woolled ditto 5 6 5 10 5 4 5 8 Prime Southdown ditto 6 0 6 2 5 10 6 G Lambs 6 8 7 8 6 8 8 0 Large coarse Calves 4 2 4 8 5 4 5 10 Prime small ditto 4 10 5 2 6 0 6 4 Large Hogs 3 6 4 2 4 0 4 4 Neat ampm Porkers 4 4 410 4 6 5 9 London Produce Market. MINCING-LANE, MAY 29.-SUCAR.-The market has onened verv auietlv and without sales of importance by private co/tract The public s^les of Br.t^h West India are progressing heavily. Refined quiet at last week a pi ices. COFFEE.—The sales by private contract are too limited to G TEA.—The public sale3 were concluded yesterday witnout material alteration in prices, bat closed rather flatly -r p EnM,! all continue inactive. COTTON.—There is no alteration m the pnee of gooa quali y, but common sorts are auliof sale. The sales limited'to small paj eels.