Foreign.
A Nihilist plot against the Czar has been discovered. The Polish papers allege that General Gourko has resigned the Governorship of Warsaw because he is opposed to the mild policy an* nounced by the young Czar. A Russian loan of £20,000,000 to complete the Siberian railway is impending. The loan will be placed in London, Paris and Berlin. The Rothchilds offered to subscribe any portion which may not be taken up. In his Message to Congress, President Cleveland recommends the repeal of the duties on sugar, as lie considers it hopeless to assist refinere at the present time. , The Message favours the free importation of coal and iron, and encouragement to the shipbuilding in* dustry. It further recommends that the national banks should issue untaxed circulating notes not to exceed 75 per cent, of their actual capital, and deposit a guarantee equal to 80 per cent, of the amount of the issue. It is proposed to establish a safety fund for the immediate redemption of the circulating notes of failed banks by imposing an annual tax of 1£ per cent, on each bank on its average note circulation.
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https://paperspast.natlib.govt.nz/newspapers/MH18941208.2.10.2
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Manawatu Herald, 8 December 1894, Page 2
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189Foreign. Manawatu Herald, 8 December 1894, Page 2
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