Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1855-08-31
LOUn of France

LOnn of France
ln our last we enumerated the war loans thus far
made Since then late arrival gives us the partic-
uIarS OF the great success which has attended the
measure, as follows
Asked fer $50 900 OOOf or $I4O 900 900
100000 persons subscribed 600 or $675
The subscriptions of sol amounted to 235 900, 00Of
leaving ol5 100000 to be apportoned among the
subscribers tor sums over 50f The singular part
Of the loan is that 10 per cent. being required $780,
OO0O0t, SGT 500 O00 should be paid in at notice
without any visible effect upon the markets
In the DEF artments there were 23O,O 900 subscribers
of moro than 5000, O0Of, and 200, OO0f, or
nearly one-thlrd the sum asked, were subscribed in
Germany, Holland, England, sc. Such an immense
financial success cannot hut give great moral strength
to the government of France manfesng, as it does
the confidence OF the people home and abroad in
the French Emperor, and sympathy in the The
loan rose 10 per cent premium the results being
known.
The abundance OF capital in the hands of the peo-
PIE is also manifest, and not the least remarkable
feature OF the whole transaction. This is par
ticulary the the departments where one-third
more money than the whole amount asked for was
subscribed, and where, according to the rule of appOr
uonment, one-thrd of the loan will be awarded
Under the circumstances the result will be probably
the setting free OF capital previously unemployed
The English government resorts to the old plan of
EXchequer notes. to the extent of Fl 600 900 ster-
ling These will hereafter be funded and the gov
eminent have appropriated, in ALL $3.50 900 900 more
to purposes, AS yet, these vast loans do APP
pear to have affected the prices of stocks and proba
bly, will not until revived business, consequent upon
=. large crops shall cause demand for money If the
war is 10 continue, in face of revived business and
continued demaud for money, depression in value
would seem TO be inevitable.
/ 1t is said that scheme is on foot to consolidate
all the Telegraph lines in the United States into one
association. new company expects to control the
Morse and House patents by October next, and also
to be the owner OF the lines already built north
SOUTH and east of the city of New York The New
York Herald says
Should the prof ect be carried out, the company
will find it to it's advantage to own all the lines II
the country, and 10 build many the in
crease of traffic demands II will likewise be for The
interest of present of lines to hand them ove1
to association which will obviously be able to &c
new company adds the interoceanic line, and will
thus be the elegraphic agent of the whole American
world"
The New Orleans Delta, also, states that it ha
heard
CA rumor that some ten or twelve capitalists a
the north have decided TO accept proposals to lease
for twenty years. with the privilege of thirty or more
all the eastern telegraph lines to Buffalo all the
lines to Washington, and the Washington and New
Orleans line If the arrangement can be consum
mated, it is said they propose expanding about halt
million OF dollars in cash to put the lines IN etlclen
working order. The Washington and New Orleans
line it is reported is TO be rebuilt in the most sub
stantial manner, and mostly under ground, in way
lately discovered, by which New Orleans and New
York can be in instant communication. We give th
rumor as we heard it, not vouching for its correct
ness, but hoping that it may prove true"