GENERAL CABLES

Patea Mail, Volume VIII, Issue 137, 15 November 1895, Page 3

GENERAL CABLES

— HOME, FOREIGN & AUSTRALIAN

THE AMERICAN CUP FIASCO

Washington, Nov. 12

The American press is furious at a pamphlet issued by Lord Dutiraven, owner of the Valkyrie, respecting the recent race for the America Cup. In this pamphlet he implies that the Defender sailed under one weight and measured under another. Yachtsmen deman I his expulsion from the New York Yacht Club.

THE PACIFIC CABLE,

London, Nov. 13.

Mr Chamberlain has informed the Agents General that he is willing to promote a joint commission to enquire into the Pacific cable, or give aid in whatever shape they wish. He agreed that it was desirable to show America that British competition was probable.

THE ASHANTEE TROUBLE,

London. Nov. 13

The King of Ashantee refuses to yield, and is purchasing or compelling alliances with surrounding States. A draft of white troops will accompany Colonel Scott’s punitive expedition, which sails immediately. The total force amounts to 1400 men.

THE FINANCIAL PANIC SUBSIDING,

London, Nov. 13,

The leading financiers, including the Rothschilds, checked the fall on the Stock Exchange, and the holders of even the most depressed stocks are now calming. Small investors insist that speculators shall settle up at the end of November. The tone of the Continental Bourses has also improved. It is estimated that the losses in Vienna alone through the panic amounted to 200,000,000 florins.

ANNEXATION OF BE JHU AN ALAND.

London, Nov. 13. The annexation of Bechuanaland has been proclaimed.