Thiers Defends France on German Indemnity Policy
In the French Assembly Thiers denounces Napoleon’s policy as absurd and links France’s disasters to it. He critiques Giametta’s course as excusable yet insists on rapid payment of the German indemnity. He opposes income tax and broad prohibitory measures, favoring only a few targeted taxes to raise needed funds.
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Panic and Collapse in Rock Island Stock on Wall Street
Unprecedented panic in New York on June 21 drives Rock Island stock to a rapid rise and fall as brokers tied to W S Woodward face suspensions. Delinquents settle or exit, while Woodward allegedly pursued a vast corner, profiting briefly before inability to meet obligations caused a market-wide scramble and suspensions.
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Republican State Convention Nominates Noyes for Governor
The Columbus convention named Gen Edward F Noyes for governor by acclamation with a slate including Jacob Mueller Lieut Governor and Isaac R Welsh State Treasurer. Resolutions praise Grant administration, defend Civil War amendments, oppose subsidies, and call constitutional reform. Des Moines convention followed with Carpenter nominated for governor and Butler, Gray, and Abenethy. endorsements include protectionism and rail oversight.
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Island
Vast World News Roundup of European Affairs
Order restored in Brussels as Italian Chamber backs army reorganization. Damk Java destroyed by fire. Mr Schenck to present credentials to Queen Victoria. Moret to stay in Spanish Cabinet during budget debate. Turkish loan secured by Crown property. Roumanian Senate addresses Crown. Earl de Grey elevated to Marquis of Ripon. England Wales Ireland census: 22.7m and 5.4m. Yellow fever wanes in Buenos Aires. Algeria lands for Alsace Lorraine refugees approved. British coal resources report submitted. Gen von Goblenz returns to Vienna with autographed reply from Emperor. Red Eagle Grand Cross awarded before departure. Bombay reports cotton crop destroyed by hurricane near Banda, loss about £500,000. Brazilian emperor and empress land at Lisbon, head to Madrid then London. German Parliament Catholic party noted. Cardinal Antonelli denies responsibility. Conservatives nominating Montesquian Renan Zeseze. Legitimists Lerou Gallois. Orleanists’ candidates insulted but uninjured.
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