The Sun.
London, England, 1859-05-18 00:00:00

THE N:ETV _FRE NCH LOAN.

The Moniteur publishes the following report to
the Emperor from the Minister of Finance :
" Sire—l hasten to render an account to your
Majesty of the subscription to the loan of 500 mil-
lions. This operation opened on the 7th, and closed
on the 15th inst., at five in the evening, conform-
ably to the programme traced out in the ministerial
decree of the 3d ; it closed while a considerable
number of persons were still in waiting, who were
compelled to retire without being able to subscribe,
notwithstanding the zeal displayed by all the clerks
employed. The following are the provisional re-
sults, as yet known to the admixistration ; they
cannot differ very materially from the definitive
amounts, which I shall hereafter have the honour
of laying before yOur Majesty :
" The number of subscribers will exceed 525,000,
divided as foilowS :—Paris, 344,129 ; departments,
281,000. For 10 francs of rente, 375,000 ; for larger
sums,
.150,`J00.

" The capital subscribed for amounts to
2,307;000 francs, namely :—For Paris, 1,547,000,000
frartts ; for the departments, about 760,000,000 fr.
For 10 fr. of rcnte, 10,000,000 fr. ; for larger sums,
2,227,000,000 fr. The sums deposited in the coffers
of the Treasury, by way of guarantee, amount,
without reckoning the sums paid by anticipation,
to 230,000,000 fr. The subscriptions of lofr. of rente,
which are exempt from reduction, go little beyon d
80,000,000, so that more than eight-tenths of the
loan, 420 millions, will have to be divided propor-
tionally among those who have subscribed for
larger sums.

4-It was your Majesty's desire by the conditions
of the present loan to favour the small capitalists
without discouraging any class of subscribers ;
that object will have been completely attained, as
each will have his legitimate part, and that part
will be a little less than the fifth of the sum sub-
scribed.

" Everything, Sire, is remarkable in this im-
posing manifestation of public opinion : the number
of subscribers, exceeding by more than 215,000 that
of the last loan, which was itself so extraordinary;
the capital subscribed, which is nearly five times
more than the sum asked for; the national charac-
ter of the capital, which is exclusively of French
origin ; and the enormous amount of the sum paid
in a few days, equalling almost one half of the
loan, without any perturbation being thereby
caused in the ordinary progress of commercial
affairs.

" Such results, Sire, speak of themselves so loudly
that it would be superfluous for me to comment on
them at any length. Obtained under existing cir-
cumstances, and immediately after food, monetary,
commercial, and political crises, which have dis.
turbed the world, and caused the strongest positions
to totter, they bring out in strong relief the solidity
of our financial system, the wealth of our country,
and her power and patriotism. They show to
every eye the close union which exists between
France and the Emperor, the entire confidence of
the nation in the force and wisdom of the sove-
reign
who presides over its destinies, and the
security inspired by the temporary power confided
to the firmness and the exalted intelligence of the
Empress Regent. lam happy in having results of
such immense importance to make known to your
Majesty.--I am, Sire, &c., "P. MAGNE."