New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-05-16

eaton, The letters state that French finance Will De
Influenced unfavoraby, and he fall IN The shares OF
the Credit h0biier Company and the several Tahways
shows tina. the effect Of distrust making itself appa-
rent The of speculation y felt greatly through
out Europe; aud should the relaI-e not create 700
great deya-iGiiou Il - sure 20 be attended Dy oene
fetal consequence. Il has iorg been known that the
superrc Umbent weight 81 these adventures could not
b. bone AMI the annOunc ement OF the great Russian
railway scheme has evidently produced Increased
alarm. Many Of the shares which were quoted a. a
premium are not now negotiable, and unless money
suddenly becomes more abundant which i not proba
bic RuIsl difficulty will be experienced in arres'ing
the d, cline A. is usual in these cases, tue hTst alarm
viii h. extensively magned, and general G!strust be-
ing certain 10 follow the result can be wen imagined;
THE CREDIT MOBILIER OF FRASCE.-Ihe general
meeting Of shareholders Of this company has Just
been beld at Paris NJ Isaac Perere in the Char Inc
report commences by declaring that the difficulties ex
perenced in the Money market during the past year
bad naturally restricted in a considerable degree me
operations vi tie Company. During the years ls0J,
1854 and 1855 lie duty had been, in the midst OF war
and scarcity OF food "a encourage The industrial ue-
veupirent of the country; but in 1856, owing 10 the
immense impulse given 10 all kinds OF enterprises
when peace set in, it, task was rather 10 restrain than
20 urge forward Besides, the note inserted IN the
MonIfeur, on the 9th March 1886. showed that the
wish of the Government to liiu in a very decided
manner the issue of all securities. STU the Com
pany had very materially aided in forwarding useful
works. and in enabling the country tn support the
monetary crisis which broke out toward the END oil
the ast year. II subscribed for 80 million francs to
the Government loan of $50 millions, the purchases of
reDte made by il 70 support the public funds amounted
10 $40 Sl6f representing capital Of 40 millions, the
greater portion of which stock the company stu pos
sessed Of: the sums which il had afforded Ia the mar
ket at each settlement Of the account 10 facilitate the
carrying over OF rente might be judged oil rom the
fact that on one occasion II amounted 10 9o.OOOWo
and that the average was iiUOO,VJO; III ADDITION, II
gave similar accommodation 10 railway securitlcs-on
one occaiOn the extent of % OOOOOO and the aver
age berg 100000 for every fortnight in tact, the
total of all such SUMS afforded IN 1870 was not less
than 703 GOO 600 francs and when al last the restrc-
tive measures of the Banks Of England and France led
TO a crisis in the Money market, the efforts OF the
Credit Mobilier tended not little TO facilitate the
transition toward easier times report
on the several enterprises which the Company nad
aimed at carrying out its account, and states that
of its railway projects that Of GrenObe to ST. Rambert
toward Lyons and Nalence had been sanctioned By
imperial decree in MaXh 1881; the Transatlantic pac-
kes sill remain undecided but there was every rca-
son To believe that the question would be, before
long settled in 10 satisfy all the interest.
involved in il; and the company had established
a regular intercourse with the Credit Mobler oil
Spain, and would take part IN the c0nstruc-
ton Of the Spanish railways The report then speaks
Of the insuficiency of the capital of the Bank OF
France for the vastly increased business OF the coun.
try; and then referring 10 its own position, examines
the question fhow its capital could best be doubled
in order to meet lis enlarged sphere Of action and de-
clares that when the proper tune arrives, II VIII give
the preference 10 bonds Of short date. The report
then touches on the financial situation OF the Com
pany. Its movement of cash during the year
had amounted to 30 1876 76 francs, its account cur
rent with the bank |, 2l6, 6s6,27I francs. The Com
pany had received payments on a., pa railway
shares and bonds producing l6O97 $50 francs, and
had paid either for itself for other Companies on
1886 3Oi dividend warrants of shares and bonds.
The total of the profits of the year was i5,249,9Sl
francs, which would give dividend Of III francs y
share 25 francs Of which have already been paid or
70 y cent the primitive share. The meeting then
gave its approval to the report, and adopted the
dividend proposed after which the proceedings ter
minated.