EUROPEAN

Bruce Herald, Volume XI, Issue 1084, 4 February 1879, Page 6

EUROPEAN

[Retjteb's Special.] [Bt Cable] London, January 31st, The directors of the Glasgow Bank made no defence. They ooly called witnesses as to character. Potter and Stronach were found not guilty, as charged. The others have been found guilty of issuing false balances, ond sentences will be passed on Saturday. January 30th. Discount reduced to 3 per cent. Pabis, January 28 th. Marshal MacMahon refuses to accede to changes in the anti-republican commanders of army corps which the Ministry desired to make, and recently declared be would avoid doing so unless the consequences proved detrimental to. the cation. The Marshal threatened to resign rather than that the army should be disorganised. The majority in the Chambers, intimate that if the resignation be tendered they will accept it.

j&l'he Colonial Institute ha appointed a select committee of inquiry at te the practicability of arranging for a Colonial Fxhibitioii. Lo>P>n, Janmry 29!h. Marshal MaoMahon, persisting in hia refnanl to cban«e c-min«nders, ha* virtually resigned.': H e will form-illy resign probably to morrow. The Contjress, !-ena c and Chamber of Deputies will then meet and eleot a successor. '■' l : .'■ January 30th. The prohaWe candidate! for «he Presidency are; Si. Grevy, President of the Chamber of Deputies; and Admiral Pothuao, Minister of Marine and Colonies. Later. Marshal MacMahon has resigned. The Senate and Chamber of Deputies were specially convoked to elect a successor. M. Grevy's election this evening is a certainty. Evening. M. Grevy was elected by a large niiij >ritv, and has been proclaimed President of the Republic for seven ye»r«. January Slut. ■': The Ministry remain in offica. the President ref using.-to accept their resignation. Marshal- Mao Mahou retires into private life. ,vl M. Gambetfa has been eleoted President of the Chamber of Deputies. Bomb it, January 39th. General Stewart's cavalry entered KilaHghilgie on the 2lat. Vati Mahomet brother to th« Ameer of Afghanistan, has arrived at Kur>m, and solicited General rtoberts to receive him A number of chiefs accompanied Vali Mahomet. [Special to the Mblboubnb Abgus.] Loinow; January 30, A New Zealand Agricultural C>mnany is announced, with a cauital of a million. Garuhetta will probably be President of the Chamber of Deputies. Roumama announces to Austria that she is ready to place 50,000 men upon the Russian frontier, to form a sanitary oordon. They will permit Kusgians to return from Bu'giria. but will resist others crossing the mountains. At the conclusion of the new trial in the celebrated Bagutt case, judgment was reserved. The B ink of England has lowered its [rate of discount one p«r cent.