The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-06-25
ERecfs Of tho War on France.
il'rnm tho paria Con stint innol Lima {

The Emperor Nicholas, in invading Turkey and
disturbing the peace of the world, imagined that
their affairs at home to think Of impeding his
projects. France had been depicted to him under
false colors. He had been made to believe that
the prosperity which we enjoyed was false, that
the impulse acGnird by commerce and manufac-
lures was Fictitious, that the movement was owing
to an over-eXcitcd spirit Of speculation. and that al
his would disappear like the decoration OF an
opera at the first cannon shot. The calculations OF
the Emperor Nicholas were founded on the hypo-
thesis that it would be impossible for us TO under
take the war without bringing about crisis which
would lead to general ruin, and which would para
lyse all our means. Now the Emperor OF all the
War has been declared, considerable army has
been sent TO the East aud all the effect it has had
on us was a moment of hesitation, which very soon
disappeared. Prosperity has resumed its usual
course; money is as abundant as it has ever been;
the public funds have improved; the loan by sub
scrpion far from enfeeblng the credit of the State,
has by its success strengthened and extended it;
not only do the grand enterprises which had been
undertaken proceed with vigor, but new ones orc
being organized, and France, full of confidence in
the future, goes on as though we had never ceased
to be at peace. If it were necessary to give a
striking proof Of the confidence of capitalists, we
may quote the contract which has just been entered
into by the city of Paris with powerful company
for the sale of all the land, and for the completion
of the envrons OF the Louvre. The war in the East
has not checked this great undertaking for the i'm
surround the Imperial Palace. The company hes
purchased the ground at price very advantageous
for the city, and it has engaged to complete all the
buildings with rapidity which appears incredible.
This, it must be admitted, is fact which has GER
tain political importance, and which is Of nature
to clearly manifest the real state Of the country
DEGREES, as it is well known, have declared that 1t
is a measure of public utility to construct the
houses in uniform style Of architecture, and With
external arcades, in that part of the Rue dc Rvoli
which extends from the Passage Deorme to the
Rue des Poues, and on the Place du Paiais Royal.
The ground cleared away has been put up for sale
without success just at the time that war was de-
clared. The company which has just purchased it
Of the city has paid q sum above the upset price
fixed at the sale, and it has engaged to complete
all the buildings in the space OF year-tbat is
to say, before the month Of June, 1866 The ground
purchased by the company is that which extends
from the Passage Delorme to the Rue des Poulies,
and that in the Rue dc fEchelle and by the side OF
the Place du Palais Royal. From this must be ex
cested the lots adjoining the Rue des Poulies which
had been purchased by NJ. Darblay, jun, and lot
on the Place du Palias Royal, which had been sold
to the Enterprise dcs Omnibus. The price paid by
the company varies from 4o0f TO 5O0f. metre, the
average being about 460f Ii we are not mistaken,
the last upset price was on an average of 3S7, 80
that the extra price obtained by the city is 13f
metre and to this must be added the immense adj
vantage for the city in having the buildings complet-
ed in such short space of time. Another advan-
tage is presented by this combination, and that is
the introduction of fresh capital into building enter
prises which support, in Paris, twenty very import
ant branches of industry. The city Is now executing
and is about to undertake, immense works opening
new streets-among the number we may mention the
Boulevard Maleshcrbes, and the continuation OF the
Boulevard dc Strasburg It was, therefore, highy
interested in not allowing the value OF ground TO
Decline and the contract just entered into with the
company has attained that object. The expenses OF
the enterprise undertaken by the company are est-
mated at twenty millions, the greater part Of which
will be expended in labor, and must consequently
benefit the working classes. II the affair be advan-
taqeous for the city and for the State, think that
II will not be less so for the company, which has
given this example of confidence In the future. The
houses which are to built will be exempt from taxes
for thirty years they in admirable situation
thew are particularly suitable to those hotels TO
which rich foreigners flock and they viii be opened
under the most favorable circumstances-that is to
saw at the moment when the Universal Exhibition
will attract an immense number Of strangers to
Paris. The company of the Rue de Rivoli has, more
over the best guarantees IL is organised under the
auspices and with the cooperation Of the ocietG du
Credit Mobier, which thus realizes Of the most
essential parts Of ts programme. The Credit Mobi-
lier Company is not only bank destined to favor
the development Of public credit and grand railway
enterprises, It II also societG Commanditaire de
lIndustric, and such is calculated to render i'm
portant services to the country.