New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1856-06-24


/, snail spsce Of time great nNnSer OF eete,pn.s.
ard 10 dirnn ish the risks Of Ss csrcureoce oy the
multiplicity Of psri& ccmmsniites' ttavcsmen's u
shared.
Having seen in what manner Isaac deVe>oPs hs
IDEAS Of Bouaparte. it becomes important alec to
see the manner in which Bonaasrte Comments
upon the ideas OF Isaac. comment which nay -
found in the Report addressed to hun BY the Aink.
ter of the Interior on June 81 1854, with respect
10 the principles and the sdministrSt OF The
CrtGI Aeos!ie,:
Among 81 the esabhahns s,s II credit existing il
the world the Basque he Erase Is Justly considered
ths, which boasts Of the most sold constitution; -
solid that the slight storm ct February, is.s bad eorss
il down in day, but for the prop afforded 1t By
I.iru RoGn snd CO for not only did the Provisional
Coveumen NJ suspend the obligation 81 the Rasqse de
Frsnr 70 paw It's uotes cash. ana thus roll back the
tide Of note and bordheldes booking up It's avenues
but empowered Il to issue notes cf 30 francs while II
had never been permitted under LOUIS Phihprs 10
issue ess than 500 frame rotes ana rot Only diI they
thus cover the nsoiyent BsrQue BY their credit OUT
addition they pledged the state "rests 70 tne SssasS
for the privilege Of obtaining credit for the Ssafc'
The HaESnc ID France Is al the same time suppnt
and guide fx our commerce. and its material ana
mora influence gives TO our market v&y precises
stability THIS stability IL such that the trerch havo
a IVA uar rdustris crisis each time when Arer,cs
and Fl gland condescend only 10 little smash In ther
commsrcel by the reserve and prudence whlsh
direct all it, operations this admirable institution a
fills therefore, the part Of regulator; but the com
msrcial genius, 10 generate al the wonders il carres
in its ON b. wsnts above s things, 20 be stimulated,
and precisely because speculation res'rsined IN
Frsnce in the strictes limits, there existed no incoa
ytpieuce but on the contrary great advantage, ~
putting aor gside of the bassrs ds France an estso
hshmert conceived in quite dftrert order OF ideas
81 which should represent IN the sphere OF INDUSTRY
and conn cree the spirit IT mtistiNe.
"Tje model for this establishment happily existed
sready; it derived tfom country celebrated oy "s
severe 10Y atty, the prudence and s'hdny prtssiag
over all it, con mercsl operations t'y placing al tho
dyo-n Of s sound hi, - ami usefsl enterprises We
capital ts credit, and its moral authority, the 9epere
Soci,ty Of the Netherlands has multiplied In Holland,
canals, drainage, and thousand other improvements
which have ral,cd she valve of property . hundred
foki. My should not France lkeSise profit by -
Institution the advantages OF which have been deucs
strated bv 90 daxsling an eNpeneicef lhs 70 IN
thought which determined the creation OF the Iredt
Nobier authorized by the decree If 18th Nov. 1854
According 10 the terms of it, statutes thu society
can. among other operations buy ana sell pubic effects
or industrial shares lend aud borrow ON them a. secufi-
ties contract Tor public loans, and 10 word issue W
psper at long dates, 10 the account of the values
thus acquired.
at has thus the means in hand of summonlnS
and combining at any moment, under advamageous
conditions considerable wealth. In the good use "
may make of these capitals the fertility of the insta-
ton r,sces Inoeed, the Society may arbitrarily IN
vest in (comaEder industry take an interest IN es'
terpris.s participate IN operatobs 81 iohk 'e''
which the constitution of the Bsnque de France ana
of the Discount Office forbds these establishments 10
do; in one word It Is free in lie movements, ana may
char e i,s action just the wants OF commercia'
credit require IT, Ii it knows how, among the enter
prses constantly brought forth u distinguish the NUT
full il by the timely Intervention OF the imnense
furd. which It has the disposition Of enables "orAs
to be carried out highly productive in themselves ou'
sb.orbipg an unusual dmsaion, and otherwise ian
gushirg; if its concurrence loo the sure indeh OF
us, full III, or we-couceived project, the Soci Y OF
the Crfdt Mo5iiter will deserve and win the Puonc
APPRECIATION floating capital will seek its channels ana
direct itself in the patronage Oh tao
Society indicates guaranteed employ Thus, ny ,he
mower Of examp e, aud by authority which VIII DO
come attached to It's support more even than oy any
material aid this Society will be the coopera'or OF Gil
IDEAS Of general utility. Thus it will powerfully on
courage the Efforts OF industry, and stimulate every
where the spirit of invention
We shall take an early occasion to show how al
these high. flowing phrases conceal but feeoly the
plain scheme Of dragging all the industry OF Franc"
into the whirlpool of the Paris Bourse. andto MAKE
it the tennis. ball of the gentlemen OF the Cre'I
NoJii,er, and of their patron Bouaparte.