The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-06-18
Failure OF q French Millionaire.

Paris, June l, Correspondence Of London Expressl
NJ. Place, whose failure has caused much consterna-
ton was partner OF the firm of Noel Place. Before
becoming connected with the Credit Mobicr. he had a
private fortune amounting TO 800 000fr But of late
years he has been living far beyond his He kept
up the establishment OF country gentleman of large for
tune at chateau Men where he had of the best
stocked sporting manor; in the neghborhood of Paris.
This place cost him not less than 100 DOOR, year
is true that the expenditure served to elevate him
to that financial greatness from which he has
and even Prince Jerome Bonaparte honored his
bdttues with their presence. Five hundred phea-
SAINTS sometimes slaughtered in day at this
in arle, and in return for tho sport the
princes of finance let d. Place into many good thing
The discovery of his embarrassments, to the crcum
stances Of which have alluded in former letter, took
place after he had actually left Paris for Consannople
there TO establish Credit Mobier. He had reached
received clegraphc despatch from the house of Percre
begging him to return 10 Par Immediately At the
time by way Of wholesome precauton second despatch
Bouches du Rhone desiring him to take that the
cid1dnt millionaire did not leave tho country. The last
nows of NJ Place Is that he had got as far rs Lyons on his
way back TO Paris but that he prevented by the in
undations from continuing his journey. The principal
creditors NM Percre, 5000, 0OM. NJ. Ernest Andre
g. 600 OOOf the Duke do Gaera 1000 OOOf NJ. Dosart
2OO0,OOOf NJ. Grcenng, 500 OO0f., and N. dEchtha
7OO.000 Of course do not precisely guarantee these
figures.
Financial News.
LONDON MONEY MARKET TUESDAY EVENING, June 3-The
quotation of gold at Paris IL about per mile premium
(accorng to the last tar, which, at the English Mint
exchange Of IS 29h and, tho exchange at Paris on
London short being 49, IT follows that gold is about
or per cent dcarer in London than in Paris.
The course Of exchange at New York on London for
bills at go days. sight Is ITO per cent and tho par Of
change between England and America being 100 % 40
per cent II follows that the exchange " nomnay O42
per cent in favor Of England; and after making allowance
Tor charges Of transport and difference Of interest the
present rate leaves small profit on the importation Of
gold from the United States.
Tho English funds have been steady to-day, but the
market fiat towards the close. CoIEos for money,
which left of last evening Mt 941s 94H, opened at 943
9Ak, and subsequently advanced TO 941s NM,
at which they remained up to near the official ter
mnation Of business, when they experienced
decline of an eighth. For the 10th of July
the last regular price was 95 n 05x, and later
transactions took place Mt further slight reaction.
The American question still continues to excite attention.
and to check the buoyancy that woaid otherwise be
looked for Tomorrow Is settling day in consos and
the amount OF stock the market does be
the last OCCASION the public having purchased
steadily in anticipation Of the effect TO BIO produced in the
appearance of prices by the deduction Of the dividend
the arrangements In connection with have passed Off
thus far without any material diminuton of tirmncss
The scrip Of the loan left Of at TX TO premium
The demand for money, both at the Bank and in the
discount market although not excessive, is active
than was expected. The payments falling due TO
he Attn Of the monthly are not thought 10 be unusually
heavy.
Foreign securities have varied in any great degree
but quotations less firm in the later hours of bust
ness.
The final quotations OF the French Three per Cents on
the Paris Bourse this evening 74f foc for money
md TAI 95c for the new account at the of the month
showing further decline OF about eighth The Houi,
daton just completed has been heavy, and between 10