The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-08-18
Success Of the French Loan.

summary of the following report to the Emperor by
the French Minister of Finance has been published
SRI proceed 10 render to your Majesty report of
the known results of the loan the subscription to which
closed at five O'Clock yesterday afternoon The nforma-
ton yet 10 come in is not of nature to affect il in
important degree but it will be embodied in later and
final report.
Three hundred and ten thousand persons have taken
part in the subscription. The subscribed will be
about three miliiards six hundred millions.
The subscriptions of so francs and under declared
reducble, will figure in this for from $50 235 mil
lions The subscriptions of 60 francs and over subject
to proportonate reduction, will be about three mil
liards-three hundred and sixty millions.
The departments will have furnished nearly go 900
subscribers and more than mliard of the capital sub
scribed.
The foreign subscripons-those Of England. Holland
Germany, Belgium, Switzerland, &c.-excecd 200 mil
lions.
Such results, sire, have need Of commentary; their
unhcard OF greatness speaks loudly ofitsclf.
To obtain them neither especial sacrifices excite
ments have been necessary. The relative advantages
offered TO subscribers in fact less than those
last two LOANS fact which has not kept back $40 900
subscribers from Offering nearly five times the sum re
qnreo. All the efforts OF the administrative authorities
have been employed not TO excite but TO restrain the
eagerness Of the public. Thanks to the restrictive mea
sures Of your majesty the oopes of SO francs and
der will only cover part Of the loan. and nearly
$50 600 600 viii remain for distribution among the sub
scribers Of larger Every will have his share
as is just and good for the public credit This portion
will be somewhat less than sixth of the subscribed
The deposits Tor the guarantee of ten per cent will
themselves form q total Of three hundred and sixty
millions, without reckoning the sums paid in anticipa
ton of instruments
One Of the most remarkable features of this extraord
nary manifestation is that displacement of captal
enormous should he possible in a time so short
coming after two loans in the midst of exte
ror complications after the alimentary and epdemic
crisis through which have passed and this without
causing the least arrangement in or the money
market. Contrary to the experience of former loans the
announcement Of this met by au advance Of the
price OF the rente which from 6jr g0c on the ay pre-
yous to the present price Of 66r Soc In order TO
favor this movement Ii win be desirable 10 restore to cir
cuation the earliest possible that portion OF
the capital paid into the treasury which the reduction Of
subscriptions will render rcpayabe This work will be
effected with oil possible celebrity.
sire. the financial operation just accomplished proba.
bly, the most astonishing known at any epoch and in any
country Is well calculated 10 enlghten those who NAV
s entertain doubts of the power OF France the extent
OF her riches and her credit Of the popularity in
Europe Of the generous enterprise which she pursues
This immense concurrence OF capital arriving from all
countries furnished by persons OF all degrees Of fortune
viii certainly be in the eyes of the world the most strk
ing and irrepresbe evidence OF confidence which the
government Of the Emperor inspires at home and abroad
! am, &c, E. MAGNE
Rewards of the English Arctic NAVIGATOR.
The English House Of Commons was in Committee of
sur ply July 81 upon the vote Of $4,000 for Captain
Met ,ure and the Arctic discoverers
Admiral WAIcoTT took that opportunity OF expressing
his admiration at the bravery and exhibited
by the Arctic discoverers He should be glad to know
whe,i there any intention Of carving out the re-
ndation Of the committee Of that House with re-
gard TO the grant Of medals to these brave men
Mr. C1wAy thought it should be expressed In the vote