BANK FAILURES.

Temuka Leader, Issue 2279, 12 November 1891, Page 1

BANK FAILURES.

SUICIDE OF BANK PROPRIETORS. Berlin, Nov. 8. The Berlin Banks were open throughout Sunday in order to aid withdrawals and thus restore confidence. The failure of Sommerfield and Son, bankers, is attributed to their investing in Russian apClln Ti 1G 8 Owing to the failure of Hirschfield and Wolff's bank, Summerfield and Son, bankers in this city, attempted to commit suicide. It is reported that one is dead and the other is in a critical condition. The liabilities of the bank amount to several million marks. Both of the Sommerfields are dead. In conseqnence of the recent failures a run has taken place on the Berlin Bank. The nobility are heavy losers. Nov. 9. Friedlander, a Leipzig banker, has been arrested in connection with Wolff's failure. It was gambling in stocks which caused the run on the banks in the city. A panic has set in and many firms will be involved. The Sommerfields before shooting themselves (which took place in a train) cut the veins of their wrists. LABOUR. London, Nov. 6. Mr Thomas Burt has assured the Peace Congress sitting here that it has the sympathy of a million and a-half of trade unionists. Paris, Nov. 8. A general Btrike of miners throughout France is threatened. IRISH AFFAIRS. London, Nov. 8. Replying to a remark made by Mr Goschen, Mr Gladstone denied that he had anything whatever to do with the Boulogne conference. Owing to fears of a renewal of the dynamite outrages, the American ports are watched by English detectives as well as the arrivals in Ireland. Nov. 9. Mr Harrington, MP., is in possession of the original documents regarding the Boulogne Conference, and is about to publish them. The Times and Telegraph both regard the Cork election as an outcome of the influence wielded by the Roman Catholic clergy. The Daily News remaks that it leaves the seceders a mere rump of nonentities. The Chronicle considers that without Mr Redmond it will be impossible to grant Home Rule unless the parties unite. INTERNATIONAL SITUATION. Calcutta, Nov. 9. The Chinese troops crossed Kampong and advanced, manoeuvring ostensibly for the purpose of protecting caravans, -butrthe English officials in Burmah forbade a further advance. St. Petersburg, Nov. 9. The Russian Black Sea fleet is under orders to mobilise at Constaninople. j