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Show TELEGRAPHIC 11IK K.4.NK FA1I.I HE. I lit- Trr-iiia-uilou FlilHiirlMl 1 mull On r Ui' I'aiitl. Oilier hii.ieu"loiiii Kspenetl. Lou !on, Tho Ti.n't, in iin tiuiM il artu:lt) thm niutiniip, aac: 1 h City ot liU'uW buk bad l.JU iiriuiciun. It Iiao p.wd a pitr'M,ivtly iiicreariug dividend lor eeveral yeuto Haul, Utilll it rei.chtd 1- per cent. It nmiJ tu in orm l lo uuy that the ilHr.ur wan uu--xpecled; on thu con-Uaiy, con-Uaiy, in li:iiitu( circles, it created no urprlr'I li.r ihe luiik had been luring credit fci'.idurthy for len ye are paal, yet Sicu.cii buka iu L''iiduu were ut.i iu posbtboiouol iuluruiatiuii Mhicli ahovstl liiul Ihu end wae je'.ually m ar Until Tucaday morniiii;. HuLuure tnu tunk beiuj, in ditiicuJty hftii bi'iu at) ulieu circulated belure wilhin tliu:Uy naukmg circles that a repetition ol thcui did not incite par' licular inlereeL on tbia occaeiuu. Ine biiBineo uf the bank had been conduci'-d lor years upon uusouud priucipUu, and iroui the fact ol utuer Seoteb banks hiiving decided lo let ihe bauk atop il is interred that il in a leueite acalo i,ad bjeo iudirectly eu-lered eu-lered iulo iu ludiau producu and Australian wjl, auiue luuriueu mil Hons ol b.lle having been accepted lor ilio account of tnree tiruii. Large advaucea had been made lo flruid iu Uiu iiuu trade m the uotth. and utterly reekles nupporl appi.-a to iiavtj becu givnu to builder. The iDimediale cause of the failure fail-ure waa tlie iiu'Kjadibilily of any -ouuer gelUnw bine, drawu from luJ.a uu lUu jauL IU Lilat-goW, iliBCiUnted in I lie LuUiluU lllaiktt, it i:ir juuislancij waieli expiaini to suun extenl Ihu teveiibh uci.ial.ous lor some months patt in rates Uemauded f-r loans, ine-au Li. .a tid beeu sold in ludia lo ludiau baotn, uolensibiy .iu.u-t uhipmenls ol produce &uu uiumaiKiy came upon ihe di?couui uiarkel. Tuu leruis deuiauded lor ' uei;ijtia;iig them having etadi. advanced ins. ructions weru at luglli ' leler.ipiied lo I uJiau b.'aucueo tu 3 uki no more bilia aud ao soon as ii w.is iki L 'iifc.iT r pjra.b.e lo keep the .ipeu credit rjsteiu going and paper , aiijni tne b.tLit eios'-U ila doors, 'lue lianLitu-e ol the b.tLk are calimaleiJ al $.V'Xl.lNXl; aiveptancea tiigntly beluw 15,IAU.WV1, Uepu!li, flJ.LKXt.-iXK.'. flJ.LKXt.-iXK.'. l'ue unlimited liability ultnare' hulders tuay perhaps secure depo-siiurs. depo-siiurs. T ie auihurizjJ note circulation wa- uuiy -,CKf), but acccrdinfi to accounts too ied u bttwuJli ifi'.Ki.lXK) aud 7LJ,lAd against m-trly ail of which the law coiiipe-s the bjuk to have gold. W'k tieltevc we are correct in spying th:s dep.ratilij cat.iftrtjphe with reffr.-Lice to Scotch banns, as a whole, entirely an exception, aud that uu I no oWier biLking mstituiiou in Scotland Scot-land io iu any uay mixed up w:lh the C;i uK...i-i;. .v bbk, or bad bt:en tnui.l iu the kind of busiuE vslncu Ud to this laiiurc. Attempts hac b.eu matle iu lu.y lo compu-cte compu-cte mailers by myiug there was a pauif, tbere has been no panic, lue H.-ink of England is in an anex-cepuunahy anex-cepuunahy strong p.iuon relatively U trie extent of r-iisitiees going on, antl lue -tale ot aft.r.rs is very difler-ent difler-ent to what il would have been had the disaster happened to a bank , whost? soundness h.id b;'en above sus-I sus-I picion. Hie Finanri'.r autic:: atc; no addi-tiooal addi-tiooal bank failures, but it say; some mercantile fn lures ca hardly be tivcidet1, ' whicn may ex-tend ex-tend to the iron district o! the DOrth of Entilaud. Smtih, F.eming &. Co., East ludia merchants, Leadeubal! street, E. C, Lonuon, have failed. Liabilities, several milliou dollars. |