The New York Herald Newspaper, October 5, 1878, Page 6

NEW YORK HERALD, SATURDAY, NEW YORK HERALD | 8winating tm fecttand Under the BROADWAY AND ANN STREET, JAMES GORDON BENNETT, PROPRIETOR TUE DAILY HERALD, published every day inthe year, ‘Three cents per copy a sexcluved). ‘len dollars por ‘vt one dollar per month for any period nants, or five -aatines for six months, Sunday “Sorick 70 SUASCRIBERS.—Remit in dr York or Post money orders, aud whe: these can ve procured sendihe the! ‘All hosiuess, news De addressed Niw ¥ Hi ‘Letters and pack aves shoul be pro} Kejected communien ill not be st! LONDON PORFICE Op 2HE NEW YORK HERALD— NO. 46 FLERT st! PARIS OFFIC! oUS AVENUE DE OPERA. American ahiiator: at the International cam have Deir letters (if postpaid) addressed to a care fou Paris OFFICK—NO. 7 STRADA PACE. rtisements will be received and rms asin New York. AMUSEMENTS TO-NIGHT. jOOL ror Scaxpat. WALLACK’S THEATR' BIANDARD THEATRE—Fa FIFTH AVENUE THEATRE NIBLO'S GARDEN—Miass. GRAND OPERA HOU GEEMANIA THEATR: WEW YORK aQuaRiv. LYCEUM THEATRE—J BOWERY THEATRE—Karaixen Mavounnexy. PARK THEATRE—Bovgowrs anp Bomssuxtis. BROADWAY THEATRE—A Woman or ram Prorte, STKINWAY HALL—Rozx Matis BOOTH'S THEATRE—Hxsnr AMERICAN INSTITUTE—Exina1 BHAYMARKET THEATRE TIVOLI THEATRE—Vantery. _ ST. JAMES THEATR COUP'S GREAT EQUE: THEATRE COMIQUE—Vartatr. OLYMPIC THEATRE—Vanrery._ BAN FRANCISCO MINSTRELS, BROAD ST. THEATRE TRIPLE SHEET. YORK, ATURDAY, _ OCTOBER 5.1 8. The probabilities are that the weather in New York and its vicinity to-day will be cooler and fair. To-morrow it will be cool and clear. Wats Srreet Yesterpay.—The stock mar_ ket was fairly active, and after a general de cline in the forenoon stocks advanced and closed strong. Gold advanced from 1003, to 1001). Government bonds were firm, States higher and railroads irregular. Money on call was easy at 3 a 31g per cent. Ir Hveones, the pedestrian, does not become ® convert to science it will not be for lack of forcible example. ir Was Statep Yesterpay in the Stewart ‘will controversy that a rich man dare hardly fie. Probably not, but most poor men were in the same condition when last heard from. ‘Tue Pamape rpms Cricketers are ahead of the Australians, but the peculiar tactics of the latter will make many observers assume that the difference is not entirely due to the skill of the pincky Philadelphians. Twenty-rorer Huxprep Cuitpren indulged in a panic in a school building yesterday. Cas- ualties, one torn dress) Reason of slight dam- ge, an occasional ‘“anti-panic” drill. Pastors aud theatre managers please notice. Ir Every Orricer in the late civil war took notes as frequently and minutely as General Heintzelman proved yesterday to have done the Fitz John Porter case would have been per- manently settled upon its first appearance. A New Nationat Banxrort Act is already projected, and by a body of business men—the Commercial Law Committee of the United States Board of Trade—who will undoubtedly endeavor to avoid the faults of the old law. Recorper Hackett was right in sentencing the persons convicted of selling liquor without p license. A few more such sentences, even of dealers who have applied for licenses, will bring our lawmakers to their senses. Raper Apurr’s Letter in the Heracp of to- day will probably satisfy Jews and Gentiles that marriages between the first day of the Jewish New Year and the Day of Atonement are con- trary only to Hebrew custom, not to Hebrew law. CompTrotteR Ke.ur’s Eristies have not slways been in accord with the Hrranp’s views upon matters of public policy, but we heartily approve the spirit of his note, pub- lished to-day, in explanation and defence of his late monthly statement ot the city finances. We Prnuisu a suggestive letter from Mr. Rigby, the crack shot who came over with the Irish team in 1874. There is considerable reuson in his argument, and there are plenty of American riflemen who will be glad of a good excuse to shoot a match on the other side of the Atlantic. “Apso.uts Destrrution is the great disease we are fighting now,” said an officer of the Howard Association to a Hera correspond- ent in New Orleans yesterday, and the cor- respondent explains this morning how and why this is the case. The facts stated should have the effect of quickening at once the benevolent epirit of the North. ‘Tue Eantnquaks rep orted to have agitated the west bunk of the Hudson yesterday morn- Ing seems to have been a genuine internal com- motion of the earth, for not only was the rum- blivg plainly beard and the shock diatinetly felt, but an immediate and unusual inerease of humidity was indicated by hygrometric obser- vations on the line of the disturbance. ‘Tue Wratnen.—Very little change bas taken Place in the barometrio conditions since Thurs day. The low area is gradually moving into the ocean over Nova Scotin, and the pressure fs increasing over the Middle Atlantic and New England districts. In the West and Northwest the barometer is rising, but it is likely to fall egain rapidly in the latter district on ant of the approach of a depression, which is evidently forming in the extreme Northwest. The barometer continnes high in the South Atlantic and Gulf districts, but it is only relatively so, sre being a depression over the West Ludian nds and the Southern Gulf. Rain has fulien over the Jake regions and the West, but the quantity is hardly perceptible. Clear or hazy weather has prevailed in all the districts except the Missouri Valley, where it has bee tloudy, The temperatare haa fallen ev whore except in some ecotions of the North lake regious, where it has been variable. The winds have been from freah to briak in the Northern lake regions and the Eastern Gulf coast. They have been generally fresh else- where. The weather in New York and its vieinity to-day will be cooler and fair, To-mor- row it will be cool and clear. | i | closed. Name of Banking. If mere expansion were the whole offence committed by the exploded Bank of the City ot Glasgow it would be harsh to de- nounce its managers as intentional swin- dlers, since there are many men in the financial world who have been deluded into the belief that unlimited credit is equivalent to an unlimited posses- sion of cash, ‘The managers of the Glasgow bank no doubt enteriained this error and pushed it as far as it would go; but besides this mistaken view of the power of credit they were as deficient in in- tegrity us common thieves. The intellec- tual error may be considered apart from the flagitious moral turpitude. It is an error which is shared, in adifterent form, by our own crazy inflationists and by the whole breed of loose financial thinkers who have no true conception of the nature of credit, Among the diverting recitals in the im- mortal history of Don Quixote is the ac- count of a certain suit which came before Sancho Panza for his adjudication while he was Governor of the island of Barataria. The plaintiff in that renowned suit was a rustic and the defendant a tailor. The rustic had brought to the tailor a bit of cloth and asked whether it was sufficient to make a cap. After measurement by the tailor the re- ply was, Yes, But the rustic, fearing that the tailor was making allowance for what in English is called ‘‘cabbage,” asked if the cloth was not sufficient for two caps. Another Yes. The rustic, encouraged to take an expansive view, kept rising in his proposals, receiving always the same uni- form answer until he brought the tailor to engage to make five caps of the bit of cloth which seemed a scant pattern for one. When the rustic brought the suit the tailor professed his readiness to deliver the stipulated number, and pulling his left hand from beneath his mantle ex- hibited a tiny cap on the endof each finger, supplying an amusing proof that it is im- possible to get more out of a piece of mate- rial than it contains. This is so obvious in most matters that only a rustic simpleton could expect anything different, but on the subject of credit there are thousands of men, neither rustics nor tools, who fail to see that if you cut five pairs of trousers out of a scant pattern for one they must be too small fer use. Many banks besides that mismanaged one at Glasgow have acted more or less under this delusion, which is the gain reason why bank failures are so freqvent. Fancying that there is some magical power in credit they expand their operations beyond the limits imposed by their capital and stretch ‘the cord until it breaks. The result is generally fatal when a bank is se- duced into giving long credits, When merchants are not strictly reined in by the sound rule of sixty or at most ninety days, they are tempted to go into speculative operations. If the speculations prove unfortunate they besiege the bank for extensions of time, and rather than lose a debt by precipitating a mer- chant into bankruptcy an extension is granted which affords a ground for similar applications by others until the bank loses control of its resources and finds itself in as bad a condition as the merchants it is favoring. By aiding them to play a game ot hazard it makes its own business a game of hazard, It then attempts to ex- tricate itself by using a credit as fictitious as theirs. The bubble grows thin in pro- portion to its swelling size and necessarily breaks and collapses. We suppose this to be a correct account of a majority of bank failures the world over. Superadded to this feature, which is common to all such cases, the failure of the Bank of the City of Glasgow has other fea- tures which disclose not merely bad judg- ment and a recklessly venturesome spirit, but a flagitious and protracted purpose to overreach the public and swindle its own shareholders. It has long been known to a few of the initiated that this bank was rotten, and the heavy shareholders who were in the secret were given an opportunity to stand from under before the stupendous crash. Dishonest means were resorted to for giving a fictitious credit to the bank during the period while the opulent shareholders were qnietly and in- dustriously disposing of their stock by un- loading it upon the victims who are now ruined. The bank, after its managers knew it to be insolvent, kept increas- ing its dividends to give a false appearance of prosperity, these fic- titious dividends being paid out of the money due to depositors, and not out of profits, for there had long ceased to be anything but losses. The consequence was that those who were let into the secret or had shrewdness enough to suspect it unloaded their shares upon a community of confiding dupes, who not only lose the enormous price they. paid for the stock, but are made liable, so far as their remain- ing property goes, for the colossal debts of this swindiing institution, Our cable despatches from Glasgow pre- sent # picture of heartless depravity which perhaps has no parallel—certainly none on so colossal a scale. The nearest estimate which can be made of other victims than the depositors shows that the shares of the broken bank are widely distributed. The list, so far as known, comprises 323 ladies, 831 gentlemen, 185 holders of sufficient stock to qualify them for directors, with a considerable number of bankers and bank officials, solicitors, writers, ministers, wid- ows, teachers, tradesmen, doctors, executors, trustees and various other classes and pro- fessions, most of whom will be absolutely ruined and reduced to beggary by this gigantic and most execrable swindle. Bya disgracetul trick of giving secret intelli- gence and withholding public information many depositors in the branches of the bank have been able to withdraw their de- | posits before the doors of the branches were There was never a huge swindle whose details were more revolting to the sense of justice of honest men, ‘Lhe disclosures in connection with this great failure exemplify every species of reckless adventure, dishonest management and fraudulent stratagem of which the con- duct of a banking institution is capable. How far the distress will extend beyond the large circle of those having connections with the bank is not yet known and cannot be safely conjectured. Several heavy mercantile failures are already announced and others are certain to follow. The debts of the in- stitution in excess of its assets are abso- lutely enormous. There is some discrep- ancy in the statements, but the lowest figures given are quite bad enough, There are four houses whose liabilities to the bank are reported to reach thirty million dollars, This fact alone would suffice to establish the reckless criminality of the management. The general impression is that this heavy and widely distributed ca- lamity, although it brings utter ruin upon innocent thousands, will not lead to a gen- eral panic. Let us hope that this conjec- ture may prove to be correct; but it is too soon to accept it as anything more than a soothing and perhaps plausible guess. “This Eitablishment Does Not Ad- vertise in the New York Herald.” And now another newspaper is under the ban of managerial displeasure. The opinions of the Evening Post have proved unsatisfactory to the conductors of Booth’'s Theatre, and they have, therefore, de- termined, precipitately and cruelly, to force the Post to early bankruptcy and in- evitable ruin by withdrawing their adver- tisement from its columns. We know how this is ourselves. In the past we also have sometimes found ourselves unable to satisfy theatrical notions of propriety ; and on one occasion—as the public will doubtless re- member—the managers formed an associa- tion the object of which was to ruin the Henaxp by depriving it of the enormous in- come that it was supposed to derive from the advertisements of the theatres. But the result disappointed the managers. In fact, the announcement at the door of every theatre in the city that ‘‘This estab- lishment does not advertise in the New Yorsx Heratp”—with the known animus be- hind it—was an advertisement that we could not have obtained by any given outlay of money ; for the people comprehended that a journal which had offended all the theatres by its resolute independence of action was the one that would give them independent opinions. One theatre now proposes to crush the Post as six or seven then proposed to crush the Herap, and though we shall not undertake to make any comparisons as to the resistance in the two cases we do not believe the theatre will succeed. Indeed, we congratulate the Post upon the incident, Few subjects are more difficult to deal with in journalism or more trouble- some than the theatre. Readers of news- papers want to havea rational account of the dramatic activities of the time and to read fair and honest judgments of the plays presented ; but woe to the writer or the pa- per whenever this honest account happens to be in the slightest degree unpalatable in the theatre. Only fulsome adulation is palatable there, and if observation takes any form but that the little contrivance now tried on the Post is practised on the paper, while the critic is assailed with coarse vituperation. Commonly the theat- rical world is a pleasant one to the pro- fessional critic, and it is not easy for him to suy a harsh word of any of his dear friends on the stage. In order that no gen- tleman may be put to sucha painful ex- tremity and that the kindly graces of friendship may not prejudice our inde- pendence we have no recognized theatrical critic. There may be fifty recognized Henatp critics known to the public, but none are known to us. Any gentleman on the paper is competent to write of any play what the public wants to know about it, and that is what we want to print. Perhaps we sacrifice to this the dainty points of critical art, but the people will always appreciate more highly the plain opinion of a man who has paid for his ticket than of any critic whatever; and we are indifferent to points in critical style that are beyond the reach of common sense, especially if they are to be gained by a system that casts a shadow of doubt upon the complete independence and truth of what is said. A Carel It will be remarkable if the managers of the Glasgow Bank are the only managers of British banks who have abused their trust. The Scotch banks have long had an excep- tionally high reputation for careful and honest management ; but there is shown in this affair of the Glasgow Bank a degree of laxity, heedlessness of public opinion, negligence of directors and a reckless, speculative spirit which can hardly fail to east suspicion upon other institutions in Scotland and England. The mercantile public is vitally inter- ested in the correct management of a great bank, and the great merchants of Glasgow could hardly have failed to see at least some signs of bad and even corrupt man- agement in the wrecked concern, It is scarcely reasonabie to suppose that the im- portant customers of so conspicuous an in- stitution were unknown to the mercantile Business Community. community of the city; yet it seems that four directors, four managers and a few of their relatives were borrowers to the amount of thirty millions of dollars from the bank. The examiners must have been publicly known, bat they turn out to have been officially connected with concern largely indebted to the fallen bank and whose interest was, of course, of the strongest kind to conceal its rottenness. Finally, it appears that while the bank was declaring handsome dividends almost all its largest and most prominent share- holders quietly sold out their shares, Within a few years, our Glasgow cor- respondent telegraphs, almost the en tire list of shareholders has changed; formerly it contained the names of many wealthy merchants; now it has not a single prominent Scotch financial name, And all this attracted no attention from the bus- iness community! It may be that the man- agers of the Glasgow Bunk were the only reckless and dishonest bank managers in Scotland; but it is certainly true that the carelessness of the merchants and manufac- turers who use the banks offered tempta- tions to dishonest and speculative directors. American Jvuckey Club. The fall meeting of the American Jockey Club commences to-day at Jerome Park under tho most favorable auspices. Five races will be run, and the number of horses announced to start in each event will make the several contests highly interesting. The first race will be a dash of a mile, in which four of the fastest three-year-old fillies in the country and a good colt will contend, The fillies are Mr. P. Lorillard’s Perfection, Mr. G. L. Lorillard’s Loulanier, Mr. A. Belmont’s La Belle Héléne and Mr. J. A. Smith's Glenelg-Finesse filly. The colt is Messrs, Thomas Puryear & Co.'s Clifton, They have all been winners with the exception of the Glenelg-Finesse filly, and she ran two very good races in one day at Saratoga the past season, This should be a capital contest and run in very fast time. The second event will be the Nursery Stakes, for two-year-olds, three- quarters of a mile, and for this eleven or more have been announced to start. These are Mr. P. Lorillard’s Uncas, Messrs. Puryear & Co.’s Dan Sparling, Mr. D. D. Withers’ King Ernest-Echo colt, Mr. E, A. Clabaugh’s West- minster, Mr. McGrath’s Wissahickon, Mr. G. L. Lorillard’s Harold and Startle, Mr. Astor’s Bonnie Leaf, Mr. F. Morris’ War- minster-Regardless colt, and Mr. Perry Belmont’s Magnetism. This will undoubt- edly be an exciting race, as there is a great desire by the racing public to see Harold and Uncas measure strides again. Each has beaten the other at this distance, and their respective owners are anxious to see them have another trial. It is not by any means. a surety, however, that either of them will win the race, as there are some others in the field that are known to be amuzing fast. he third race will be the Jerome Stakes, for three-year-olds, when of the forty-two nominations none probably will be allowed to meet Mr. George Loril- lard’s Duke of Magenta except Mr. P. Loril- lard’s Spartan. The race will be a good one, as it is said by those who ought to know that Spartan has improved very much in his style of running since midsummer, and it is not a certainty that The Duke can outrun him. ‘This race will be fol- lowed by the Manhattan Handicap, a dash of a mile and a quarter, for which there will be nine starters, comprising 8S. D. Bruce’s General Phillips, carrying 116 lbs.; Harvey Welch’s Princeton, 114 lbs.; A. Belmont’s Susquehanna, 112 lbs.; 0. Reed's Bonnie Wood, 102 lbs.; G. L. Loril- lard’s Loulanier, 101 lbs., and Balance All, 100 lbs.; D. D. Withers’ Erl King, 100 lbs. ; P. Lorillard’s Garrick, 98 lbs., and Pilot, 95 lbs. This will bea grand affair, and it will not be a surprise to see some of the three-year-olds win, as they are a very tast lot. The fifth and last event of the day will be a selling race, with the usual allow- ances for low values ; a mile and a furlong. Five have entered for the purse. ‘Lhese are F. Stearns’ Frank, carrying 100 lbs.; Nel- son & Co.’s Simoon, 105 lbs,; G. L. Loril- lard’s Guy, 86 lbs.; T. Puryear & Co.'s Jackscrew, 86 lbs.; k. W. Babcock’s Egypt, 102 lbs., and A Hawthorne’s Ventilator, 102 lbs. Such a bill of fare has seldom been offered on an American race course, and we look for an immense gathering at Jerome Park this afternoon to enjoy the sport. Eminently Respectable Swindlers, It will be a comfort to our British cousins to reflect that the managers of the Glasgow Bank were at least eminently rospectable persons, and not mere vulgur rogues like «those Americans,” Also it may possibly be a solace to them to remember that a more complete, thoroughgoing, deliberate, bare- faced and inexcusable piece of scoundrel- ism has not been known since the days of— say Overend, Gurney & Co, The Henarp correspondent sends from Glasgow some details of the causes of the bank’s failure, which will fill petty American rogues with protessional envy. The bank was a grent, a rich, a respect- able—a very respectable bank. It boasted of a duke among its shareholders, A year or two ago it had on its list of shareholders a considerable number of prominent Scotch and English financial names; but the owners of these great names, it now turns out, quietly sold their stock and drew out in time, leaving clergymen, widows, ore phans and the Duke of Sutherland to bear the loss. How admirable and peculiar this caution! But this is not all; it is openly charged that the bank's difficulties have been concealed for a year past, by promi- nent persons to whom they were known and who were concerned, in order that the year might safely elapse within which, under the laws, » withdrawing shareholder re. mains liable. Again we exclaim, what admirable prudence! Itappears that four directors and four officers of the bank and a few of their rela- tives stand indebted to it in about thirty millions of dollars. Could anything better show the great superiority of British so- ciety? Further, having systematically and for several years falsified the bank's ac- counts—‘‘cooked” is the profane word—hav- ing cooked their balance sheet, the mana- gors managed that the examiners should bo Dr. Macgregor und Mr. Anderson, both officially connected with one of the com- panies which received the heaviest m@ivances from the bank on the worst security. And while Dr. Macgregor and Mr. Anderson wore certifying the cooked accounts, and while the eminently respectable share- holders were quietly selling their shares, and while the bank's cousins were convey- ing into their own pockets thirty millions of the depositors’ money, lent them on such easily convertible securities as Australian lands, South American cattle, and pig iron at four prices, the managers went on de- claring handsome dividends, There is one circumstance painfully em- barrassing about this Glasgow bank failure. If it had only happened in the United States the English journals would have been able to discuss it at full length, to dissect all its parts and to draw from its disgraceful and shocking circumstances that expression, in which they delight, of pious and elevating gratitude that John Bull is not as other men, Americans and such, 4 rogue and aswindlor. I¢ is easy to imagine the Salurdau Review's comments. OCTOBER 5, 1878.—THKIPLE SHEET. for instance. That able journal would begin with on expression of mournful regret that anybody should have been so simple as to expect anything else from a people like the Ameri- cans, or from such a condition of society as obtains here, It would have clearly shown that only in a nation given to money get- ting, and who have no sense of reverence, no respect for anything but money, could such a scandalous and carefully prepared be- trayal of trust have occurred. It would have been able to give abundant reasons why the superior social system of Great Britain would always guard that happy community against such gross scoundrel- ism. It would have read us a lofty lecture on our various moral deficiencies, and would have demonstrated that every detail of the inexcusable crime was peculiarly and char- acteristically American. The Mapleson Troupe in New York. In spite of croakers, home attractions and sea frights the whole of Colonel Mapleson’s incomparable troupe of operatic artists arrived yesterday by the City of Chester. They were welcomed by a bright blue sky above and thousands of cheery faces ashore, so that they already seem to feel as much at easo as if they were at home in London. They did not wait until ashore to begin to delight the Ameri- can ear, for while on the ocean they gave a concert for the benefit of the yellow fever sufferers at the South, scoring a handsome success for themselves besides sending cheer to sufferers of whom they knew only through the human sympathy which is peculiar to no land. The steamer audience, which was competent to be ex- tremely critical, was not only delighted with the efforts of the leading artists, but as- sure us in advance of the extreme excellence of the chorus—a feature of opera troupes which has heretofore in this country been conspicuous only by its weakness. To the conditions of success which are found in the personnel of the company, the exten- sive répertoire and the experience of the manager, is now to be added the important one of the sanguine belief of manager and artists alike in their ability to please the music-loving public. All that now remains to make Mr. Mapleson’s venture a success and establish the opera as a permanent entertainment in New York rests with the cultured denizens of the city and its vicin- ity, and it is impossible to believe that these will fail when every one else con- cerned has done so well. A Lesson to “Little People.’ The ‘unlimited liability” of the share- holders of the wrecked Glasgow Bank evi- dently made the ‘big fish” very careful. Most of them, report says, quietly drew out over a year ago, sold their shares, and left a great number of small shareholders in the lurch. We have not a high opinion of these cautious financiers, whose great names had probably an important influence in induc- ing widows, clergymen and other persons of small means—the class called “‘little people” in the slang of speculators—to buy shares. It is creditable to the Duke of Sutherland’s honor, though not to his busi- ness skill, that he remained a shareholder. He probably now regrets that he did not pay closer attention to the bank's affairs, The ‘‘little people” will, of course, be ruined. They always are when, for the sake of high interest, they take a small share ina large enterprise promising un- usual profits, particularly if they incur un- limited liability. But it is a lesson difficult for the “‘little people” to learn that high interest almost always means poor security. A good many Americans seem to have learned it of late, as the great number of small subscriptions to the four per cent loan shows. Even witha strictly limited liability, such as that which attaches to the ownership of railroad shares, thousands of helpless persons of small means were victimized during the inflation period be- fore 1873 in this country. In some parts of New England and Pennsylvania the rail- road wreckers managed to absorb the say- ings of almost every forehanded inhab- itant. The lesson to the ‘‘little people” is not to follow in the wake of the great fish. Great names are no guarantee of the soundness of an enterprise. When the lean and hungry times come the big fish remorse- lessly swallow the little fishes. Moderate interest and the best security make the only safe rule tor the investments of people who cannot afford to lose their money. PERSONAL INTELLIGENCE, General Sherman is expected in Washington on Monday next, senator Ambrose E. Larnside, of Rhode Island, is at the Filth Avenue Hotel. Henry Watterson went from Loutsville to Cincin. Rati (o soe Clara Morris act, The late Commodore Vanderbilt seems to have been & man of a great deal of spirit, Charles ¥, Conant, Mnancial agent of the United tsb ‘ashingtoo, is at the Clarendon Hi Mr. Waddington, French Minister of Foreiga Affairs, yesterday remitted 500f to Minister Noyes for the yellow fever sufferers, ‘The Provident and his party, with the exception of Secretary Evarts, reached Wasbington irom New York early yesterday morning. Lord Konald Gower, of England, and Mr. Victor A. W. Drammond, Secrotary of the British Legation at Washington, are at the Hotel Brunswick. nd Marchioness ot Lorne will sail for Halifax 0! 14th of November, instead of the 141b @ present month, as previously ani terday and was received by a salute from the Santec, loveraal Revenue Commissioner Raum will leave Washington next week for lilinois, He will meke several political speeches in that State before the election. Sir Patrick McDougall and laay lett Malitax, . for Ottawa, ‘atrick will act as ve wf the Dominion until the arrival ot the Marquis of Lorn ‘The ramor of the detrothal of Priace Louis Napo. Jeon, won of the Inte Emperor, to the Princess fnyra, danguver of the King of Denmark, was revived yes. torday inthe London correspondence of provincial nowspapers. London Saturday Review: The puzzle is that a statesman of Princo Bismarck’s mark can believe that sociasist conspirators can be put down by a cru- sade against socialist ideas, Such w policy may be ex- pected to have quite an opposite eflect, An atmos- TELEGRAPHIC NEWS From All Parts of the World. MORE TURKS MASSACRED. Saad Detden Pacha and His Garrison Killed by the Albanians. ENGLAND'S EASTERN WAR Pirates Cruising in the Per- sian Gulf. AUSTRIA’S ARDUOUS JOB. (Bx CABLE TO THE HERALD.] Lonpoy, Oct. 5, 1878, The Turkish government has received intelli. gence at Constantinople that Saad Detden Pacha, on announcing that he had received orders to sur- render Podgoritza to the Montenegrins, was Killed by the Albanians, and 156 oiicers and men und his command massacred, WAR ROMUINENT IN THE BAST, The Standard has the following despatch from Bom- bay:—‘Four of the Ameer’s infantry regiments and six guns are stated to have arrived in front of All Musjid,a short distance up the Khybir Pass, and have vanced within throe miles of Jamrud, at which place a detachment of British troops has arrived. Much larger bodies of Afghan troops are on their way down. These threaten to attack the Khyberoes for having al- lowed the British mission to penetrate the pass, This would throw tho hill tribes into our hands. It is ex- pected we will assist them if the Ameer should attack them. Provably our first advance will be into the Koorum Valley. Afghan troops and guns will be taken from the All Musjid fort to occupy somo of the minor passes. Hostilities may begin any moment.”? The Daily Telegraph's despateh from Simia confirms the report that the Ameer is cn- deavoring to intimidate the Knyberess by reinforcing his troops in the Khyber Pass. TUK AUSTRIAN DILEMMA, The following official telegram bas been received at Vienn “Serujevo, October 4, The Austrians en- tered Visegrad this moruing, unopposed. Th are gents evacustcd their entrenchments, abaadoning tents, cannon and ammutition. The Austrians en- tered Gorazda yesterday, unopposed, and to-day om cupied Cajnica, The district of Focha is cleared of wnsurgerts, Thus the whole of Bosnia and Herze- govina 1s subdued and the country {s in our hands.” The Manchester Guardian’s Vienna despatch says:— “The political crisis in Austria is becoming more serious, Tho members of the two Cabinots will only consent to retain their portiolios on condition that Count Andrassy retires, The Austrian Cabinet con. siders bis financial demands inadmissadle.’? is no settlement yet of the minis- terial crisis Tho changes in the Austrian Cabinet, it is believed, will only be par. tial. The Austrian and Hangarian press think Here Tisza will remain at the bead of a reconstructed Han- 1an Ministry. According to telegrams from Vienna 1d Constantinople Turkey has detinitely rejected the Austro-Turkish Convention. TROUBLES WITH ‘“THE RRVOLT,"? The Times’ Berlin correspondent thinks that the German goveroment will probably adopt the Ant Sectalist bill as passed through the committee, as conferences on Wednesday night showed that there ig a fair prospect of an agreement in she Reich- on amenaments § satisiactory to Prince Bismarek concerning the duration of the law and the retroaction of the clause for tbe suppression of newspapers for articles printed betore {\teenactment.’? The population of Florence, Italy, is excited because a member of the Internationale has been killed in a duel by an officer of a Bersnglieri regiment stationed there. The troops are confined to the barr: and it is hoped the agitation will subside without a distarbance, NOW FOR A PIRATES’ CHORUS, la reference to the statement published on Thurs- day in the Morning Advertiser, that the Admpral of Kast India equadron bas been ordered to send is into the Persian Gull, a despateh from “Me. Layard, the British Am. bassador to ntipople, is informed that pirates have made their appearanec in tho Persian Gulf and Gult of Volo, and has asked permission from the Porte to send British mon-of-war to operate against them.” CABLE NOTES. The Paris Temps makes an appeal for tho sufferers by the yeliow fover in Now Orleans, recalling the fact ot money to France in 1871, 1872 and 1875, The troop ship Himalaya sailed from Plymoath yes. terday for Marseilles, where the Lords of the Admt- raity will embark in her for a tour of snspection of ios of War and of f the Admb Oth of this ina Cyprus. The Secret a will accompany the Lord raity. Thoy will leave London abor month. ‘The Vienua Political Correspondence’s Pera despatch says Minister Layara’s journey to London 16 caused by the Porte’s refusal to adopt the Knglish project for the retorms in Asia Minor without important NAVAL INTELLIGENCE, GOOD CONDITION OF THE APPRENTICE BOYS ON THE SARATOGA—ORDERS, Wasuixoton, Oct, 4, 1878. Commodore R, W. Schutolat, United States Navy, Chief of the Bureau of Equipment and Recruiting, ree og @ commuaication trom Comme 0 United States re to express to the Bureau, and throngh the Bar the commanding ofiicer of the Saratoga, mv gratification at the admirable condition Lid prentice boys rece: on boa q Saratoga, on boar hammocks, neaily drossed, with exosiient cond om, and all free i "ri seemed tio agely familiar with the roasine of ¢ man-of-war.’’ rd. enant J. ©. Rion bi ried his return home, been detached from the Alort, Astatio statio ast 24 last, and be bas been placed on waltiog orders, Acting Assistant Surgeon H. T. Porcy is detached tne receiving ship St Louis and ordered to tht i DEAD ON THE TRACK [sy TELEGRAPH TO THR HERALD.) SPRINGIRLD, Ohio, Oot. 4, 1878. The body of a dead man was found veside the track of the Cincianati, Saudusky and Cleveland Ruilroad early this morning, Men Working oa « construction train found the body. One side of the head was hor- ribly mashed and one hand cut of, Tbe man was ) Well dressed and evidently a gon . NO papers were found upon his perso A ticket of the At is offana one killed, Otnert © of the optara hat the man deliberately committed suicide