EUROPEAN NEWS.

Southland Times, Issue 3315, 4 February 1879, Page 3

EUROPEAN NEWS.

: PARIS,; Jan. 28, Marshal McMahon refuses to accede to certain changes proposed in the army, which the Commander of the Corps argues should be made. The Ministry desire, to avoid this unless the cpnse,quencesvshpuld prove detrimental to the nation. ■ The Marshal threatened to resign rather than the army should be disorganised. .Theimajprity of the Chamber intimated that if his resignation is" tendered they will be prepared to accept it. . ;.-.^ ■■■,■- ..:, ■..-. ,\- ; ;,;, ; -:-.^ i v;-i.' .;

I LONDON, Jan. 29,

The Colonial Institute has appointed a select Committee to enquire as to the practicability of holding a colonial exhibition. Consequent upon President McMahon persisting in his refusal to- effect a change in the command of the arniy, he' has virtually resigned. The formal resignation will probably be submitted to-morrpw- The Congress, Senate, and , Chamber pi Deputies will then meet and elect a successor.

. „ Jan. : 3o.. The rate of discount is reduced !o 3 per cent.

McMahon retires into 'private life.: ; M. Gambetta has been elected President of the Chamber of Deputies. The probable candidates for the presidency are M. Grew and Admiral Pothnan. ; In & letter this afternoon, McMahon; re : signed the -Presidency, the Senate and Chamber of Deputies were .immediately convoked to elect his successor. ' Grevy's election is now considered a certainty. . , .^, . Evening.

M. Grevy was- elected by a; large. majority, and was proclaimed President of the Kepublic for the next seven ye

Jan. 31

, The City of Glasgow Bank directors set up no defence at the trial. They only called witnesses as to character. Mr W. Otter Stronach was found not guilty as charged. ; The others have been found guilty of issuing false balances. The sentence will be delivered on Saturday.