The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-09-29

pow capta' 500 coo 600 francs An the money pa
NJ ~ staA pas4 81 through our bands Mr. ROBERT
scarcely do hing rs be wua very lnhrm. Clrpen
Tier received Lhe money, and saw that the amounts
we've correct
prgctcs by great insuciers ~ Paris ana the
nor IN which the large fish swallowed up the email Try.
The directors or stock complaes would he said declare
Stydends 81 forty or hity per cent when the sna Try
and the unwary would purchase heavily with the hope or
making fortune The directors having thus sucoee led
M selling OF bad stock at an enormous premium
would then lay plans for the purpose OF buying II
back again in the cheapest manner possible. 10
q few weeks aser the email fry havo bought
heavily OF The stock, 1t becomes shaky property and
when the semi annual dividend Of probably two per cent
b proclaimed they right glad to sell out Of the con-
Germ for lees than one hall Of what the Investment
ginaiy cost them The rich bears then buy up the STOCK
81 cheap rate, ana when the next semi annual dividend
again has reached the high figure OF forty or h per cent
Inc 1nway san buy up the STOCK sna are sgsl swn
b carried on year alter year. and thousands thus
died, while the few wealthy men are enriched.
The Credit Mobile established by the government in
1852 with capital Of so coo 600 francs has paid the most
extraordinary dividends with the intention Of taking In
g. Sssn ne9 year q
expected that blends to the extent OF 10000 900
s.sssd O. nxh premiums. %
auce the ambitious young merchants 70 dsbble in the
Stock and convert The entire population Of Paris into
wealthy men, deprees the funds 80 low that the
small holders are obliged TO sell out at low price,
else they would be completely ruined Thus the and
AL Of stocks carried by few for the purpose
Of accomplishing their wicked ends.
hwas in this manner that Messrs Carpenter and Grele
were ruined and that all the speculatons they entered
INTO fell TO the ground They lacked the cash ptal TO
back them up, and when the stocks fell they were
%pata.ons A which s havs been p published stating
that they had been living in . very luxurious
D sy sy ssS s A. they
were not public officers but were merely the employees
Of private institution Parrot says he bought the stock
possessed OF is the proceeds Of an honest e He
says that he left France with 600 francs OF
which the proceeds Of the sale Of his horse
n ent in Par and the truth OF which he has got
bin of SALE oco francs Of which Is the private proper
ty OF wife, and the remaining 100 francs he borrow
Cd from some Of his friends in Paris.
Eugene Grelet was employed by the company as
clerk and was stationed 9. Boulogne at salary Of 200
Psny two months ago, and went TO Paris with
she intention o. proceeding to America There be
coming to this country, and int:mated that
they had better proceed together. II was not until
they had reached London that Eugene was made az
quanted with hts brothers. position
Greet says he sincerely regrets what has taken place.
on account Of his family aud friends, who very
spectacle Many Of his relatives occupy high position
n Paris, and are deeply panied at his conduct.
The salaries Of the accused while in the employ Of the
company, were as follows
carpenter. 600 francs per year.
Grelet. ..........................6 900 do do
Amongst the papers taken from Mr.. Parot by the po-
hoe he says s the account sale upon stamped paper OF
his establishment No. "a Chaussee dAntn, which
was sold for 600 francs as also the account sale Of tie
frsrcs, and was kept by his lady.
The Greet brothers boarded at 81 White street, under
the name OF Lewis
Mr. Melin whose we mentioned yesterday In con-
Decon with this case, Is not atdche Of the Northern
Railway Company, but Is Inspector Of Police at Paris.
We understand Mr. Trsander, the agent OF the govern
meDt OF France, has departed for Washington for the
purpose of procuring the Presidents signature to requi
sition.
warrant for bringing stolen property into this State
u, heard last evening. being procured for de.en
ton OF the prisoners, by the authorities in this city