British and Foreign Telegrams

Taranaki Herald, Volume XL, Issue 9027, 9 March 1891, Page 2

British and Foreign Telegrams

313 1 'te'lric Tt ler/i\ipli . — United P/vss Aa-tociaUon Copyi'-uhf — 'e.-*tv<! 9,3 91 —9.30 a.m. BANKER COMMITS SUEOF'E. Londox, March 7. Mr Robert LincUay Antrobna, junior partner in the well-known banking firm of Coults & Co., of The Strand, W. 0., committed suicide to-day by shooting himself. JODGK STEPHEN'S RICTIP.T3MBN P. j Lord Coleridge, the Lord Chief Justice of England, regards the reports circulated to the effect that Justice Sir James Stephen, of the Queen's Bench, has developed symptoms of insanity is unfounded. The Judges have met to obtain Justice Stephen's retirement.

FALL IN fROV

The withdrawal of the Pig Iron Regulation Bill has caused a heavy fall in the iron iiiarket in Glasgow. No. 1 best Scotch pig iron is at 45s 6d.

B\NK ACCOUNTS.

The Joint Stock bankers in London and the provinces are willing to publish a monthly summary of assets and liabilities, and admit that larger reserves ai*e desirable.

ONE POUND NOTE ISSUE.

A committee of bankers will confer with the Chancellor of the Exchequer in the matter. The Statist asserts that the Bank of England will issue £1 notes, and appoint country banks issuing agents, on condition that they lodge consols with tho bank, and also that gold displaced be remitted to the bank. Tho Statist adds that there is a widespread distrust in the city at so very large an amounc being locked up, and serious difficulties are likely to prevail.

FEDERATION OOSVENTIOS [S h-YONEY.

The Spectator, referring to the Federation Convention in Sydney, considers it started badly, and that it was a fatal mistake to have allowed the representatives of the Press to be present. It believes that Sir Henry Parkcs' scheme will create a bundle of States, allied chiefly for defence if not for national good. FINANCIAL PANIC I*T BOE^OS AYRR°, Buenos Ayues, March 7. A financial panic has occurred in this city, and a yreat run was made on the provincial bank. The Government and private merchants are coming to the assistance of the bank. LATE FATAL RAILWAY OOLLHION. New York, March 7. Mr Channcey Depew, one of the railway magnates of the United States, aud other directors and officers of the Railway Company have been arrested in connection with the collision which took place between trains in a tunnel on the New York railway on February 20th, resulting in the death of several passengers.

CANADIAN BLKOTIOMS.

Ottawa, March 7. At the elections Sir John Macdonald has secured a majority of 35. The seaboard electorates strongly supported the Government, while Ontario and Quebec were almost equally divided. The two Ministers who were defeated, Sir Richard Cartwright and the Hon. Wilfred Laurier, have been elected for another constituency.