The New York Herald Newspaper, October 22, 1878, Page 6

“NEW YORK HERALD BROADWAY AND ANN STREET, JAMES GORDON BENNETT, PROPRIETOR published every day in the year, ndays excluded). ‘ten dollars ye. ‘dollar per month for any period the, ve dollars for six months, Sunday edition included, free ot p WEEKLY HERALD— ‘NOTICE TO SUBSCRIBERS. York or Post Office money orde GMimoney remiitced ot risk of sender, in oniet. to insure lof sender. attention eibeeribers wishing thelr “hadreas changed must nddress. ‘hasiness, news letters oF telecraphie despatches must jar per year, tree of pont- ee tas at PHILADELPHIA UFFICE—NO, 112 SOUTH SIXTH STREKT. * DON OFFICE OF THE NEW YORK HERALD— 0. 46 FLERT STREET. ARIS OFFICE—49 AVENUE DE L’OPERA. “American exhibitors at the International Exposition on have Geir letiers Hf postpaid) addressed to the care of our Paris ee Sie Oe PICK—NO. 7 STRADA PACE. Bubscriptions avd advertisements wiil be received and forwarded on the same terms asin Now York. _—= VOLUME XMIIl-..+00-cecce -oe ence svesoseeeeNO, 205 —_ AMUSEMENTS TO-NIGHT. BOOTH'S THEATRE—Macnrrta. UNION SQUARE THEATI STANDARD THEATRE—Frir: NEW YORK AQUARIUM—Tratxep Honsvs, LYCEUM THEATRE—Josava Warrooms. TONY PASTOR'S THEATR SAN PRANCISCO MINSTIC TIVOL! THEATRE—Vanir HAYMARKET THEAT! THEATRE COMIQUE- BROAD ST. THEATRE, Philndeiphia—Enwi Boorn. TRIPLE SHEET. E 1878, ‘The probabilities are that the weather in New York and its vicinity to-day will be warm and fair or partly cloudy, witha steadily falling ba- womeler and southwest to southwinds. To-morrow it will be partly cloudy and warm. Watt Srreet YesteRDay.—The stock mar- ket was fairly active and prices were well sus- tained. Gold opened and closed at 1001,, sell, ing in the interim at 10053. Government bonds were firm, States dull and railroads quiet. Money on call was easy at six per cent and closed at three per cent. A Worp oF Warnixc.—A new type of ma- larial fever has appeared at Cartagena, S. A., though Cartagena is not as dirty a city as New York, and has an excellent location upon the ocean. Tue Insane AsyLom patient who killed an attendant a few days ago has been pronounced legally irresponsible. This is no morethan fair, fora similar verdict, implied if not spoken, is usually the end of inquiries when attendants kill patients. Avortuer DeniaL—this time from Mr. Have meyer—of any complicity with the cipher despatches. Soon there will be no one left to do awy denying, unless the telegraph company should see fit to say that they never forwarded or received the despatches. Tae Examiners of the Mercantile Trust Company report that the assets exceed the liabilities’ by $23,400. If the liabilities still exceed $2,000,000, as they did according to the December report, it is to be hoped that the assets are all of the soundest character. Soctatism, Communism and kindred blessings, which are not yet esteemed at their true value in this country, led to a disgraceful row at Pat- erson, N. J., yesterday. It was not as bad a disturbance as the same sentiments caused in Paris a few years ago, but the party in America is young yet. Sunscrirrions Art Ixvrtep for the relief of the family of Lieutenant Benner, the gallant officer who volunteered as commander of the relief boat that went into the fever districts and flied at his post. Here is an opportunity to ex- press humanity's material admiration for the leader of a forlorn hope. Tuerz Seems to be a limit to the size of farms which can be profitably worked. Some enormous farms which once existed in this country have gone to pieces for lack of com- petent management, though their managers were able men, and now the owners of one of 2,200 acres have failed, with assets amounting only to ten per cent of liabilities. A CorrEsPonpeEnT suggests to the managers of the coming Cathedral fair a rule which is too good to be confined to any particular enter- tainment of the kind. It is that visitors shall be allowed to purchase according to their own tastes, without general and pressing solicitation from the fair attendants of the tables. There ls but little danger that a gentleman who visits gn attractive fair will carry away any of the money which he takes with him, so it is but reasonable that he should be allowed some dis- wetion as to what he purchases. Tue Weatuer.—The depression in the North- east has now moved toward Newfoundland, followed by a rising barometer over the Middle and New England States. That of the North- west has taken « general easterly direction, and is at present over Lake Superior and the re- gions to the northward. Attendant rains ex- tend over the Upper Mississippi Valley. The barometer has risen over the area of the dis. turbance and the marginal winds have moder- ated considerably, but on reaching the coast this depression will again assume a stormy character and probably prove dangerous. In the southeast a cyclonic storm is central near Florida, with very heavy north- east and north winds and rains on the const. This storm began to be noticed as a depression on Sunday, and has now advanced northward and westward very rapidly. The centre is at present over Central Cuba and the Straits of Florida, and is moving northward and eastward. Over the Central and South Atlantic States the pressure is high, with clear weather. When this area moves into the Atlantic the course of the cyclonic storm will probably be along its western margin, toward the region of New- foundland, where its energy will be considerably decreased. Inthe meantime, however, danger- ous winds will prevail on the Atlantic coast, about and south of Cape Hatteras. Reports by Anterr. cable from Holyhead indieme that the depres- | sion predicted to arrive on the British consts about the 18th has been delayed somewhat and is now moving over the British islands. A heavy south-southwest gale, with a barometer at 28.97 inches, is reported. The weather in New York and its vicinity to-day will be warm and fair or partly cloudy, with a steadily fall ing barometer and southwest to south winds. + Tomorrow it will be partly cloudy and warm. NEW YORK HERALD, TUESDAY, OCTOBER 22, 1878:-TRIPLE SHEET. Ceremonies ef the Paris and Closing Exposition—Award of Honors Prises. Our columns this morning present a lively and picturesque description of the pomp and parade which attended the award of prizes in Paris yesterday. As ascenic ex- hibition it was worthy of the occasion. The President of the Republic was present, sur- rounded by all that is most illustrious and dignified in the official retinue of the government; by all that is highest in the foreign embassies; by the most conspicuous persons who have taken an active part in the practical administration of the Ex- position, and by a splendid array of rank, beauty and fashion—‘® store of Indies whose bright eyes raip influence,” even though they did not, as in the tournaments of a former age, “judge the prize.” According to the de- scriptions which we receive and publish it was a brilliant and festive spectacle, made more brilliant and festive by the vast assemblage of persons eager to see, who themselves supplied the best part of the spectacle which all were anxious to observe. It was a proud day for Paris, for France, for the successful exhibit- ors, for science, art and industry, which play so conspicuous and resplendent a part in modern life and civilization. _ Foremost among those who are entitled to congratulations on this brilliant close of a magnificent enterprise aro the people and government of France, under whose au- spices this successful Exposition has been held. The points touched upon in President MacMahon’s appropriate address admitted of more development than he could give them on an occasion which required brevity, Perhaps the most signal proof which France has ever given of the marvel- lous vitality of her people, of the astonish- ing recuperative power of the nation, of the elastic buoyancy which no weight of calamity can permanently depress, of the wonderful resources by which misfortune is retrieved and new wealth created, has been shown in this grand Exposition of 1878 Only a brief period of seven years has passed since this most afflicted of nations lay prostrate be- neath the feet of a pitiless foreign enemy. Her armies had been destroyed, her gov- ernment upset, a resistless invading foe was in possession of hér capital, an op- pressive, and, as it seemed at the time, a crushing indemnity had been im- posed upon her. She had been dismembered. in her territory, the fanatical Commune threatened the very existence of property and social order, and yet, in so short a period, France alone, of all civilized na- tions, is in the enjoyment of a tull career of prosperity. This is the greatest social, political and industrial mir- acle of modern times. It is altogether more wonderful than anything in the history of the first French Revolution, because that was a mere work of destruction, whereas this is a work of crea- tion. It requires only vulgar brute force to pull down and destroy, but a very different order of faculties is requi- site for rehabilitating a prostrate nation and building up its industry, prosper- ity and political institutions, The two kinds of power differ as that of a howling, incendiary Bastile demolishing mob differs from that of an architect and his skilled workmen. The present condition of France is the most wonderful and instructive phenome- non of the age in which we live. It is not so much the Exposition which produces this impression as the state which so suc- cessful an Exposition attests and illustrates. France has more than rebuilt all that was demolished by the mighty invasion of her vietorious German foes, and in every industrial aspect and relation she stands in a prouder position to-day than any other European nation. In organizing this Exposition she encountered many draw- backs. During the period of prepara- tion all Europe was agitated by disturbing influences. The Eastern war threatened to draw England, Austria and perhaps Germany into its vortex, and these nations were more occupied with the impending European crisis than with the opportunity for exhibiting the products of their art and industry. But in spite of these adverse circumstances France carried on her great peaceful enter- prise and has seen it crowned with brilliant success. There is nothing strained or ex- travagant in the felicitations uttered yester- day by President MacMahon. It is not merely on her splendid indus- trial recuperation that France is entitled to warm congratulations. The American peo- ple would be wanting in fidelity to their own institutions if they failed on this occa- sion to congratulate their great sister Re- public on the shining success of the new form of government. It is under the beneficent influence of free institutions that this astonishing miracle of energy and re- cuperation has been achieved. It can never hereafter be said that the re- publican form of government is not fitted to carry France through a period of trial and enable her to make the most of her resources. She has flourished under the Republic during a period of distress and depression in all the other na- tions of Europe. No part of her history is so glorious as the seven years of this Ke- public, Let us hope that the effect of the lesson will be that which President MacMahon suggests, and that it will so establish the Republic in the confidence and affections of the French people that they will never consent to any other form of government, Americans have for many reasons & par+ ticnlar interest in this French Exposition. It is the first of its kind which followed our own Centennial Exhibition, and, therefore, a natural object of comparison. Under no circumstances could we have occupied so much space at Paris as wo did at Philadelphia, and our exhibitors were discouraged and impeded by the long delay of our government‘, ac- | cepting the French invitation, but while this prevented us from making a great dis- play in the mere quantity of articles sent it perhaps had a good effect on the quality. i those Americans who had, or thought ‘hand ; really worth the attention of the world, sent articles to the Exposition, and the con- sequence is that the number of our prizes is out of proportion to the amount of our display. Perhaps no nation exhibited so many things of real value, so many improvements whose general adoption would add to the sum of human conven- ience and comfort. It is an old fable that some animal which had a litter at once reproached a lioness because she brought forth but one whelp at a_ birth. “One,” was the reply, “but a lion.” Edison alone, to say nothing of the other American exhibitors, justifies this illustration, Wags may amuse themselves in laughing at the titles bestowed on some Americans, but when these are bestowed as marks of real merit our national pride would have been mortified if we had failed to secure such tokens of recognition. A Serious Negro Outbreak at St, Croix, W. I. The negroes of St. Croix, West Indies, have recently assumed an attitude that should serve as a warning to the white popu- lation of all the insular settlements in the tropics. Without any premonitory signs of danger a wild revolt of the colored laborers of the Danish island has taken place and avery great deal of damage has been in- flicted on the planters by the indiscriminate burnings of their estates. Our account of the outbreak published to-day does not suggest a definite cause for the murderous violence of the negro laborers, although mention is made of an oppressive labor law and government restriction in the procure- ment of passports. We must therefore in- fer that it originated ina drunken orgie and under the influence of Voodooism, which is much practised by the negroes of Jamaica and Barbados, many of whom are to be found in the Danish and French islands. This class of colored laborers has always been one very difficult to keep in order. It possesses more intelligence than the ordi- nary plantation hands of the West Indies, and is known unfavorably even on the main land of Central America. Being vicious in the extreme, and always ready for mischief, the ringleaders in such an outbreak as we describe have little difficulty in finding following willing to join in the work of destruction. It is fortu- nate that prompt measures were adopted for isolating the outbreak at St. Croix. If @ general revolt were inaugurated in the West Indies fearful massacres might result before anything could be done to check it. As it is, the summary punishment of the rioters has served its purpose very effectu- ally, and all danger is for the present at an end. We must, however,, recognizs in these occurrences the lingering influences of slavery, which now form the whips that scourge those who made that barbarous in- stitution profitable. The negro in the West Indies is really only nominally free. The lawmakers being the planters legislation is entirely in their interest, and all movements caloulated to improve the mora] and politi- cal welfare of the negroes are discouraged. The governing idea is that an educated colored man is an unprofitable field therefore no effort is made to lift the worker out of the condition of mere animal dependence in which the greed and inhumanity of the dominant race have placed him. To hold the wretched unarmed mob responsible for the excesses at St. Croix is absurd. The leaders of the outbreak shonld and probably will be punished if captured, but we deprecate the slaughter of their unreasoning followers in the fort yard at Bassin. The way tocontrol these men is to do them justice and to teach them the laws of civilized life. The Wrong Charge. Letters from Georgia report that efforts are making to defeat Senator Gordon’s re-elec- tion on the ground that he “‘bargained away the Presidency.” Well, no; it was not General Gordon who bargained away the Presidency; the present Presidency, we mean. But General Gordon has done a good deal to bargain away the next Presi- dency by his greenback inflation speeches in the Senate and elsewhere. If the Geor- gia democrats havea hard money man fit to be United States Senator we advise them to put him in General Gordon's place. If they want the democrats to elect the next Presidemt the sooner they send tho inflation and greenback people to the rear the better the chances will be to see their wishes ful- filled. If the Southern democrats want to helf their party they had better elect sound currency men to both houses of Congress— men like Schleicher in Texas and Randall Gibson in Louisiana, and leave out General Gordon, who, with many merits, will be o heavy load to carry when this greenback craze has died out. Senator Gordon is doubtless sincere in his belief that inflation of the currency would do good. But we are surprised to see a man like Randolph Tucker, of Vir- ginia, in an address to his constituents, putting himself on the same plane with Senator Voorhees, of Indiana, Mr. Tucker must make many a hearty meal on his political principles before he can stand with Voorhees. Somebody with a good loud voice ought to get up on a high stump and tell the people of the South what a democrat is. Is awild inflationist like Voorhoes a democrat ? If so, General Gordon, of Georgia, and General Morgan, of Alabama, and, for the time being, Mr. Randolph Tucker, of Vir- ginia, are good enough democrats. But if Senator Bayard and Senator Lamar and Mr, Schleicher, of Texas, and Mr. Gibson, of Louisiana, are democrats, as we have always Supposed, then these other gentle- men belong somewhere else, They ought to jointhe greenback party orset up a little party of their own. Before Mr. McCormick snd the other gentlemen who have just received the deco- ration of the French Legion of Honor as American Commissioners to the Paris Ex- hibition accept them they will probably look at section 9 of article L of the consti- tution of their beloved country, where they will read that “No person’ holding any office of profit or trast under the United States shall, without the consent of Con- ‘old ‘row?’ in office or title, of any kind whatever, from any king, prince or foreign State.” Having read this passage they wilk accept their orders or decorations provisionally, and next winter Congress will doubtless permit Commissioner McCormick to become a com- mander, Commissioners Barnard, President of Columbia College; W. W. Story, sculptor, and Andrew D, White, President of Cornell University, to be officers, and Professor Blake and E. A. Knight to be chevaliers of the Legion of Honor. And when Congress has done them this favor these gentlemen will then pocket their decorations and hope that the American public will immediately forget that they have them. As for the French Republic, which confers these graceful but empty honors on so many de- serving gentlemen, it will probably forgive us plain American citizens if we laugh a little at all the fuss, lew Americans need to care for foreign titles, because we all have enough of our own. Despicable is the American citizen of mature age who is not either a colonel, a judge, a general or an honorable. In our noble country, we could tell these French republicans, all the washerwomen are ladies, and even a news- boy has cause for offence if he is not called “sq’re” on the address of the letters which he constantly receives. The New Governor General of Canada. We reprint from the Ishmaelitish London World o lively but malicious article in- tended to pour ridicule on the Marquis of Lorne, who will soon arrive in Canada to replace Lord Dufferin. The contemptuous heading of this article, ‘McTappertit,” suggests the vein in which it is written. Tappertit is the well known lover of Dolly Varden in ‘Barnaby Rudge,” who is made infinitely droll by the self-conceit which Dickens has engraited on his native littleness. The London World's ‘‘McTappertit” simply means a Scotch Tappertit, which is as contemptu- ous and descriptive a nickname as the in- genuity of malice could have invented for the new Governor General. Its resem- blance, however, is that of a caricature and not of a portrait. But, like the distorted caricatures in Punch, it is suggestive. We suppose it to be true enough that the Marquis of Lorne made his social position equivocal and awkward by marrying into the royal family, whose members look askance upon him as an intruder into their circle, while the nobility, among whom he is heir to a high position, regard with envious intolerance his aspiration to outrank all the other members of his order. Such an article as we copy from the London World is calculated to gratify-the spite and resent- ment both of the royal family against an in- trader and of the nobility against what they consider as upstart pretensions. But the ingenious disparagement which suffuses the article which we copy serves to make more conspicuous the dexterity and finesse of Lord Beaconsfield, who lifts the husband of the Princess Louise out of the social embarrassments which attend his position in England and transplants him to a sphere of action where neither the jealousy of his order nor the supercilious- ness of the royal family can annoy or im- pede him. As Governor General of Canada he will not suffer from the disparagement of envious observers, and may securely count on the favorable and even the partial judgment of the people whom he is ap- pointed to rule. Lord Benconsfield has never exhibited a brighter instance of his wonderful social and political tact than in giving to the Queen’s son-in-law an oppor- tunity to display his talents in a theatre where envy and jealousy will be powerless against him. The ill-natured criticisms of the London World are inconsiderate exaggerations. To be sure, the Marquis of Lorne has made no figure in Parliament, but it is to be remem- bered that he is only thirty-three yenrs of age. At the timeof his marriage he was only twenty-six, and since then he has en- countered the envious obstructions inci- dent to his anomalous position. He has shown as much talent as Lord Dufferin had at the same age. In 1859, when Lord Dufferin was of precisely the same age as the Mar- quis of Lorne is at present, Dufferin made his yacht voyage to Iceland and gathered materials for his book, ‘‘Letters from High Latitudes,” which he published in the fol- lowing year. He certainly enjoyed less consideration then than the Marquis of Lorne possesses at present. Certain it is that the new Governor General will be re- ceived in Canada with the heartiest demon- strations of devoted loyalty; that early mis- takes of ignorance, if he should commit any, will be generously pardoned; that Sir Johu Macdonald, who is the ablest and most experienced statesman of the Domin- ion, will give him wise advice; certain, too, that the opposition will treat him and his illustrious consort with as much respect and affection as the supporters of the ad- ministration. He is certain to be very pop- ular at first, and to have a fair trial under favorable auspices until he shall have had time to acquire a full knowledge of his new duties. PERSONAL INTELLIGENCE, Governor Lucias Robinson is at the St. James Hotel. Sir Hugh Allan, of Montreal, is at the Brevoort House. Mr. John Quincy Adams, of Quiney, Masa, isat the Brevoort House. jeit fora Now Haven man te discover that ever lonk, ‘no has crow’s-foeet about his eyes proba- bly has plenty of ciws, Unly two newspaper correspendents remain in the ington, legram man try hie hand on one of Watt Whitman’s poems. As 4 politician Me, Thar mach In the position of the J that be had tied the dog loose, They wore panning badly, when Smith said, “lowa man two dollars,” and Jones replied, “Ohio a mon too.” Funeral notice to-morrow. It je estimated that General Batier’s chances for winning the Governorsnip of Massachu seems to be very ymen who found out logist, who whene explains thats ination, The Marquis of Salisvury has frequentiy been com- plained of because he is very secretive, Disraeli would got along better with him if 11 were mot for this only trying to work on his imag. they had, something to exhibit which ht | Bae socept of any present, emolument, | charactersesic, Mog pin?) Young Men’s Christian Association, and was GLASGOW'S CHAGRIN. Meeting of the Shareholders and What Was Done. PROMPT ACTION OF THE CROWN. Probabilities of the Arrest of the Old Directors. PIOUS FRAUD POTTER. [BY CABLE TO THE HERALD.] Guascow, Oct, 21, 1878. The meeting of the shareholders of the City of Glasgow Bank, set down for to-day, was largely attended. ‘The proceedings were private, but I have been able to ob- tain the general details of the transactions, In view of the hopelessness of resuscitating the shattered concern a strong feeling was expressed bya few prominent sharehold- ers in favor of voluntary liquidation, as being less costly than a judicial liquidation and less oppressive to the poorer share- holders. Repeated reference was made to the prompt action of the Crown, and the names of shareholders who can testify that they purchased shares on fraudulent mis- representations were taken down for the use of the Procurator Fiscal. THE PUBLIC MEETING, A public meeting is called for to-morrow, and as it is quite impossible for the direo- tors to be present, Robert Craig, of Craig Esk, the largest shareholder, will preside. Rumors reach me that further warrants have been issued for the arrest of the old directors of the City of Glasgow Bank. BUNS ON THE BUILDING SOCIETIES. There have been runs on some of the local building societies to-day, but nothing seriously approaching a panic. This was obviated by most of the societies having taken advantage of the rule requiring a notice of intention to withdraw deposits, and they have obtained delay in that way. The markets to-day were very quiet. THE SHIPBUILDERS, The resolution that was agreed upon at the recent meeting of the Clyde Shipbuild- ers Engineers’ Association to reduce wages 71-2 per cent comes into operation to-day. It will be accepted for the present by all branches of the shipbuilding trade under protest. SOME PEN PICTURES OF AN ‘‘UNCO GUID” GANG OF SCOUNDRELS—THE CROWN PROSECUTION— OPINIONS OF THE NEWSPAPERS—AN ADJOUBN- MENT GRANTED, (From the Evening Telegram of yesterday.) SPECIAL CABLE DESPATCH TO THE TELEGRAM, ULascow, Oct. 21, 1878. The Glasgow Press, in speaking o! the arrest of the managers and directors of the defunct City of Glasgow Bank, expresses the greatest satisfaction with the swiftness with which the law has vindt- cated itsell and laid hands on the men in question. 1t dwells on the words of the formal indictment, which alleges the offence of the prisoners to be falsehood, fraud and wilful imposition, and con- cludes by udding parenthetically, ‘which is a precise indication o1 the enormity of their villany.” The News says:—“All of the prisoners may not be equally guilty. Some are knaves, others are simply foots; but all deservedly stand together in the prisoners’ dock, for they form one of the most audacious bands of swindlers which has ever preyed on a confiding couatry.” The Edinburgh Scotsman expresses satisiaction over the fact that the prosecution will not be leit, as it would bein England, to the mere chance action of the share- holders; but thatin this case the Crown under- takes the prosecution in the interests of public morality and justice, SKETCHES OF THE PRISONERS. 1 send the following details avout the imprisoned directors which will be read with interest at this moment:— Lewis Potter has been 8 director since 1857. He is @ man well advanced in years and has had great commercial experience. He was the head partner of the firm of Potter, Wilson & Co. He has been largely associated with transactions in wool, and also in tand with James Morton, who is the largest debtor to the bank. Pot ter held a leading position among Free Church- men, and energetically promoted charitable and philanthropic objects) He owned the beauw- Jul residential estate of Udston, near thia city. He ‘was actively interested in the moral and religious welfare ol the district surrounding itis princely home. He was the prime mover in erecting the Burnbank free schools, and assumed the responsi- bility for the cost of the edifice. It has since been ascertained that the bank advanced funds to Potter in this matter. He wasa strong Sabbatarian, re- fusing to take in or read Monday’s papers because much of the work upon them was done on the Sabbath, but itis pow remembered that he assid. uonusly interrogated his traveling companions who were less hypocritical ior news in the train on Mon- day mornin; he was going to Uiasgow. Some years ago when the botler explosion occurred at the Greenfield colnery, the boiler fell through the root of the Sunday school during divine service, Potter piously remarked upon arriving at the scene that he was astonished that such an occurrence could have happened near such a meeting. ROBERT SALMOND. Robert Salmond has been connected with the bank since its commencement in 1839. He was manager in 1857. He owns the handsome estate of Rankiston, in Ayrshire. He relinquished his post ot manager in 1861, but retained his seat in the Board of Shareholders. They were congratulated when he consented to take & position in the direc- torship. He 18 a debtor to the bank in the sum of £100,000, JOHN INNES WRIGHT. John Innes Wright became a director in 1876, He 18 senior partner of the firm of John Innes Wright & Co,, East India merchanta. He is a brother-in- Jaw of Fleming, of the recently defunct Bast India firmof Smith, Fleming & Co, Wright took much interest in church matters and charitabie associa. carried his generosity to such an ex- he now owes the bank hait a million of pounds ($2,500,000) WILLIAM TAYLOR. William Taylor has been a director since 1872, and is a well Known public man in Glasgow. He was & member of the Town Council, Magistrate of Burgh, Preceptor of Hutcheson Hospital, member of the School Board, President of the Glasgow quentiy sent to the General Assemuly as rep: \- tative Elder from St. Enoch Church, He was a member of the firm oi Henry Taylor & Sons, who are engaged in the grain trade. JOUN STEWART. John Bvewart, of Kdinburgh, became & director in 1876. He was head of the old estaniished frm of Stewart, Pott & Co., wine merchants of that city. He is likewise a director of the New Zealand Australian Land Company. He is the only director Dot in debt to the bank. HENRY INGLIS. Henry Inglis became ® director in 1870, Int te head of the firm of H. & W. Inglis, of £dinburgn, He is very prominent in Masonic ciries. He suo ceeded Lord Roslyn as Substitute Grand Master. J. COLLAND, i J. Coiland is a very effective orator, and has some reputation asa poet. He was Deputy Liew tenant in Morayshire. ROBERT SUMNER STRONACH. R. 8. Stronach, the manager, succeeded his brother in 1876. He is comparatively a young man, but has long been an oficial at the bank. He ie said to have been manager of the bank tha) bursted in 1857. CHARLES SAMURL LERESOHE. C. 8. Leresche has been secretary since 187L ARRAIGNED IN COURT. Since their arrest the directors, managers and secretary have been closely confined under lock and key in their rooms in jail, They were not put 1n cells like piebeian prisoners. Potter, who had been i!l when arrested at his house, was able to leave it to-day. The Lord Advocate is, in conjunc- tion with the Procurator Fiscal, making arrange- ments to nave the prisoners tried as speedily as Ppossibie. READING THE LIBEL The accused men were brgnght before Mr. Gem- mell, Stipendiary Magistrate. They ail looked protrated and iJl at ease. Several of them wept, The Procurator Fiscal read the libel to the Court. setting forth:—That & 8. Stronach, manager of the Bank of Glasgow, aged filty-two. a native of Aber. deenshire; Jonn Innes Wright, director, aged sixty- eight, uative of Giasgow; Robert Salmond, direc- tor, aged seventy-lour, native of Argyleshire; 8. Leresche, aged fifty-two, native of England; ‘William Taylor, aged sixty-six, native of Giasgow, and Lewis Potter, director, aged seventy-two, native of Falkirk, are charged with the crimes of faisehood, irs and wilful imposition, “having on various occasions, between the years 1873 and 1878, by fraudulently falsifying the books of the City of Glasgow Bank, representing large sums of asseta as assets of the said corporation, which were not truly so; that they /alsely, !raudulentiy and wilfully understated the liabilities of the bank, and by pre- paring false balance sheets. repeating said false statements, and submitting same to the share- holders, and concealing from the shareholders and the pubic the true state of the liability of the banke ing company In question.” THE APPEARANCE OF THE: PRISONERS. The prisoners listened with bowed heads to the reading of the libeL The intensity of expression in Stronach’s iace was paintul to behold. Potter, who leaned forward, looked deathly pale after he had heard the libel read. ° Counsellor McFhee said he asked that the tur- ther examination be postponed till to-morrow. The magistrate asked if counsel had any reply te make to the libel just read. No reply was vouchsafed to the question. The Court thereupon granted the request for de lay. The Procurator Fiscal, made no vbdjections to the ruling. The prisoners were then remanded, each in charge of a detective. Potter, who has been sut- fering irom bronchitis, 1s in a considerably im- proved condition to-day, and is well enough to be detained in the police buildings, under the charge of Captain Boyd. The court room was densely packed, and thousands went away disappointed at not having heen able to obtain an entrance. PRISONERS AT EDINBURGH. The Eainburgh detectives appeared in the Police Court this morning, having in charge Henry Inglis, a director of the Edinburgh Board of the Bank of Glasgow, and John Stewart, a director of the Flse gow Board. The prisoners were brought belom Bailie Roberts. . The charges against them were read by Clert Nortram 1n a low voice. ‘Tne prisoner Ingiis said he would like té hear what the specific charge aghinst him was. The Procurator Fiscal replied that he wascharged with the crime of falsehood, fraud and wiltul im position in Glasgow and Lanark. REMITTED TO THK CARE OF THE SHERIFF. The prisoners did not plead, but were formally committed to the care of the Sherif of Lanark. shire. They looked very depressed. They were taken ina cab to the Cariton JaiL Large crowds assembled to view the prisoners. ANXIBTY IN ALL THINGS, The meeting of the shareholders of the Bank @ © Glasgow excites conjectures regarding what can be done in the absence of the directors, The presumption is that an agreement wil! be made to liquidate the affairs of the bank, and appointing ¢ commission to carry out this plan, The Stock Exchange here Is strangely unexcited., The marcets are flat, but business is not very much depressed. A fair business is doing in pig iron, The price promises to be a shade higher to morrow, SPIRIT OF THE LONDON JOURNALS. [From the Evening Telegram of yesterday.) SPECIAL CABLE DESPATCH TO THE TELEGRAM, LONDON, Oct. 21, 1878. The comments made by the morning papers about the Bank of Glasgow frauds are tew, The most noteworthy comment is tnat of tne Times, which says in its money article “that the arrest of the managing officers of the Bank of Giasgow marks an epoch im the history of banking. Something must be done to in crease the diMculty ot concealing fraud, Banks should no longer have it in tneir power ta pupdlish such balance sheets as may suit their convenience and pleasure. These statements ought not to be published unless accompanied vy elaborate detailed accounts, as is the custom with the Imperial Bank of Germany when making ite reports. Legislative enactment ts necessary to devise a system of full and more frequent retarna, This would have the required effect of making con- cealment more diMcult The directors of the Bank of Glasgow, in their last baiance sheet, ‘ump’ together government stock, exchequer bilis, railway with other stock: and’ debentures. Looking at the official re- port, we find thatevery bit of salable stock was disposed of before the arrival oi the crisis, There remained only unsalable and worthless stocks, comprising American railroads, &c., which ban® managers did not dare to make savances on had they been compelied to puolish the names ol the stock in their balance sheets.” MORE FAILURES. James Morton & Co,, one of the firms largely in debtea to the City o1 Glasgow Bank, have placed their books in the hands of accountants. ‘Iheir abilities are estimated at from two to two ands nalf million pounds, Lacour & Watson, shipping agents of Glasgow, and Leith, have faiied. Their liabilities are be- Heved to be large. . FALL IN CONSOLS. Consols have suddenly dropped to 94. It is be leved the Bank of Kngiand will be compelled te Taine its rate of discount The same thing is ex pected irom the Banks of Fraice and Germany. EFFECT OF THE CALL ON THE SHAREHOLDERS [Br CABLE TO THE HERALD.] Loxpos, Oct. 21, 1878. The Times, in its finenctal article thie morning, says:—“It looks. extremely probable thata cali of , And the consequences will be heavy arafts the resiaue who aro rich. These dratts will paralyae business, weaken credit an¢ prove a source of misery to Scotiand for years, Bank- ing credit bas received a shock which is itsell one of the greatent calamities a conniry coald a fidence 1# shaken at & timo when the co: trade required tt to be peculiarly strong. The Shief thus done 1a now only beginnin; Citimatety, doubtless, good will result lapse, b the signal for many fartn the samo time potbing 18 be deprecated than unreasoning suspect glad to flog that th im alline a ot La La could happen may probably