The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-11-12

Nr Gabraiih the legal adviser OF the accused PARTIES
ped The Of his defence from the beginning on
the assumption hat the convention does not embrace
offence Of this kind. But 1t did apply Carpenter
and Louis Greet tooud by possible Of stretch
ing be made 10 apply 70 Parrot and Eugene Greet Parrot
had come to the United States for the purpose Of making
extensive purchases In horses-his regular business
and the younger Grclet nothing but poor emisnt
who had made up his mind 70 try bis fortunes In this
country and had but waited for few weeks that he
might have the company Of his brother s., far % they
concerned they should bring action OF damages for
false arrest ant imprisonment against August Belmont
the chef this persecution Mr. GAibrnh boliev
ing NJ We have said that they all wropgfa,y DO
tanned In custody, applied for writ Of habeas oorp 20
to have them discharged. This proceeding gave rise
to the part OF Rothschlds aren't and law
yeIs which to institute civil suit against the par
ties for the recovery the value Of the issng shares
million OF dolars-and 10 have their ball fxed ct
half . million. Az II WIS impossible for them, mere
slrsI gers in this muny and with the character OF
nnals attached to them to procure such ball. they
have since incsrceraed In Edrdge street pri
son. Institution used for the detention Of debtors and
United states prisoners and witnessed
Meantime the criminal proceedings against them remain
In quo, and to the civil suit Il might continue
In litigation for quarter Of century. No steps have
been taken have tho question determined whether
they should be delivered mp to the French authorities
be brought back to France and there punished for
their offence Although from our Washington teegraphic
despatch published in yesterdays Herald, would ap
pear that the administration has been consulted With
ference to it, and that in correspon opinion
is the intention OF government to allow the extradi
ton Of the prisoners, cannot however coincide in
that opinion, simply because can no law or justice
in the act. The convention specifies certain Offences
which will expose persons charged with them 10
DER but the offence not one Of those, and cannot be
twisted, even by legal machinery, into . synony UNITY
with any Of them We presume too that our govern.
ment will not be disposed TO stretch the line
beyond it, proper limits, in roccollection Of the
recent case, wherein an English subject named
Alexander Hebron was arrested in this city and
exradited charge Of forgery On his being tried Ia
England the Judge who presided declared the offence to
be Of ENFORCEMENT merely-and for such Hebron
was convicted and punished-although his exraditlon
could not have been asked for II he had been merely
charged with embe element So in this case-he strong
probability M that these French defaulters extra.
ded and brought to France they would be there found
guilty merely Of breach Of trust or Of arceny-ofsnces
not contemplated within the scope meaning OF the
convention.
But after ALL the most Important and inter esting fea-
this very Interesting case the deveiope
which have sprung OF In reference to the operations
the Bourse-hc mode in which the dAbblers in stock
aeeced and vctmized by the great nnancers, and
tue little, mean fraudulent transactions which Rothschild
daily has recourse to to increase his gain and add
hs already immense fortune. We will briefly re.
oaptulate the statements already published, and ap
pend some others which were kept in reserve.
THE DoURsE USED FOR POLITICAL PURPOSES.
The Bouyse In It's present enlarged and comprehensive
character or a popular gambling establishment, re-
ceyod its greatest impetus and development In 1852
although Il bad been tending that way from 1sa8 At
that time tis52) Louis Napoleon planning his COUP
deot Of the I'd OF December and command OF incalcu
liable funds was absolutely necessary to enable him 20
carry QUITO attach him the leading spirits Of the
army TO reoompcnsc his moody followers, and to fur.
nsh 10 support the exravagances OF imperial
court. in this emergency the Bourse thought or
and Immediately recognized the very thing 10 have
The editors Of tho influential papers in Parts
and all the great ananccrs OF the capital taken into
confidence aud allowed to participate in the spos The
programme OF operations commenced by giving eocks
fictitious rise. Ths the capitalists do At pleasure
Then the newspapers called attention 10 the fact OF
progressive rise in stocks and or the consequent
facility OF realizing fortunes. Citizens who had
few hundred or thousand francs to spare were in.
duced gradually to step to the Bourse and invest The
rise kept steadily progressing Large PROFITS being
made. fortunes being actually apparently
realized The excitement spread. II covered not only
Paris but the whole country, and women began
to forget all ether business the absorbing idea Of
the Bourse That the effect which the imperial and
financial had been striving for. The hsh came
to the net in countless Ahoas France was converted
into nation OF SPECTATORS, and the managers behind
the scenes who by ingenious conrivanccs political and
otherwise, could raise deprccs the price Of stocks al
pleasure made fabulous fortunes Of course a. the ex
nsns MI hc 1ulo dnh In
THE CREDIT soBILIgR.
Afterwards, az the proper time, came fall IS re
nMkable ~ the rise. Then . campaign was enter
ed but this time under the auspices not OF auch
loud, who had become insane, but Of powerful 80
ceiy, which, by the sknfu Of is immenie CAPT
tai could elevate deprcciate stocks Il Ia pleasure
This society Is known tho Credit Mobler Its capita
IL sixty millions Of francs. composed oil managers
who had become rich In tho nrst campaign, and who
added 10 ths immense capital thor own fortunes or for
tunes extracted from tho treasuries Of companies Of
which they were grantees This brought up tue dispo
sable capital Of the Credit Mobcr to one hundred and
twenty millions OF eQpcs This society, formed with
thv cbec-ss is title denotesof giving aid to traders
who may have met revorscs, became grand power I'm
the elevation and depreciation Of stocks a s own plea
sure and without apparent reason FIRST by OF Ia
powerful capital and, secondly by the influence or it,
managcrs-an influence acquired By the very
weight OF success. Then tho Bourne OF Pa.
ris became nothing than an immense
stock market, subject to Tho greatest fluctuations
under th influence. The great events OF the war in the
Crimca even poweYess In affecting that influence.
let any one imagine 10 himself unfortunate specu.
ls,or, depending bis counses alone-surnpg now
TO the right now 70 the ei-doing everything at hazard
and me viii soon see what losses he must been
to sustain Shares have varied twenty per per week
on an average. person holding hundred shares and
constantly buying and selling, might under such aucsu
tons, lose $4,000 franco the course Of the year
hundrcd snarcs rs nero triac the Bourse. When /,
concerns athousand shares easy W see no immense
tho losses or gains must be. Is impossible 10 give any
thing IKE true picture Of tho extensive ruin Inflicted By
tbs Credit Mobiera society which found lie idea In the
brain Of Perrere, the imitAsor Of Rotbschd. n has
caused ruin aud devastation, and not Few suicides
The Credit Mcbier s the origin OF the ruin OF hun
drods OF families Iu wealth 10 only the result Of
. rcbciry skilfully organized on . large scale To-