The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-05-17

which the members who came forward be sworn
hrst batch nrmbc-o TIVE nty niue members. and COM
prr ed all the county aud borough preventative preen
Chester and Cornwall Among IN sse were Mr. n,sras,.
Mr.. Robert Palmer Mr.. K Macauloy and STR Egsrt,n
TIE first member sworn Of the Parliament after the
Sps aker, Colonel tilpa, OF the representatives
the county of Bedford. Ater taking the osths sanh
bsndcd in his certificate NJ from returning
officer subscribed the qualification book and ths roll ~
Parliament and then introduced ~ the chief CLERK
The Speaker. The members next sworn vera from the
fisnp Il vas remarked that none Of the members from
tne county Of Cumberland answered to their names.
Financial Anairs In France.
MEETING OF THE SHAREHOLDER OF THE CREDIT
NEUTRALITY-SUSPICIOUS. Of ruB INSTITUTION
RECEIPTS AND ExrBNDIrURM
The general meeting Of this sh, hodovs of tho Crsdit Ne
bifr Wa held at Paris tho Ssh April Isaac Perers
the chair. The meeting bvie declared duly c0asusu.
ed the President and read the report commenced
ny declaring that the difficulties exper noed Ia the ,ney
mark ct during pat year had naturally reroie1 "
considerable degree the operations OF the oOmDany Dur
lug the years 1853 1854 1866 q duty had beon In
me mast Of war ana .car,.y Of ood the
Industrial devoopement OF the country but In 1906 owing
the impulse given to all kinds OF en- crpses
when PEACE rather 70 restrain thar
urge ward. Besides, the note In DRIED In the Mow
he OH Of March, 1856, showed that the visa .!
.sutey he issue Of all new ssor rI.s Si the CON
:aDy had very materially aided In forwarding use
FOL works, and In enabling the csansy ,ap,ort the
criss which broke oxards the end or 1865
subcibed for $50 OOof 900 70 The covers
me au Of $50 OOO UO the purchases Of rento made BY
10 support public funds amounted 70 $40 $751; rep
,esen,ng capital of o0 (fl eco 00O, the greater
ya,ien OF which stock the company was still POS
-sssed or; tho which Il haa supplied V the mar
ket each settlement VI the account, " faiatao the
carry ting OF rente, might be Jttget o ~. tho
that one occaton they amounted 10 O0O, 0Of.
enW OK In addition i, gave similar aocom,noiat,Ss 70
railway securities, on one occasion 70 the extent o.
eoOotoof (si ,lo6ooo the average being 10 900 ooG
if6CO OOO) for every fn-tnigh In fact the total Of all
ch rnl he'd in 18S not hess than 703 900 00W
(f2s OC0) aud When at hrt the csrcvo measures
money market the efforts Of the Credit Mobi tended no,
Ne 70 facilitate be transis NAris aer times. Wosn
.e mo nsui or oifcuiy arrived (sfys 'ne !esSn !as
Credit Mobicr not only did not diminish the credits which
accustomed 10 make 70 railway enterprises, but
even augmented them nay, more, ofs-ed Officially two
hngskt % purchase with the o. operation Of several
foreign houses tn ren.e bch Q Rank France posses
srd furnh that estabh nnt sith the OF
eca Hously auementing Its metallic reserve AMI If
nne Its advances rento and ra~ sharos and, 81,
iovide the Of all the railway companies BY
subscribing TO the extent Of 500 900 900 francs
0Oo,) for the loans which hoy hal isse In 1881 the
Credit M0biher and i drectOrs declaring thar they
ready engage themselves personally that purpose
the amo1nt Of 200 900 00 IL the remainder OF 100,
600 oW was subscribed for by the other baking houses
These two propositions remained without result, AMI
he Credit Mobiler bong forced tn renounce every
bned measure obliged 10 cnnno itsef To providng
Tor the wants OF the companies business IL In
the habit Of tansac,ing but II had formed correct
judgment of the situation and the sole fact OF Us having
made the proposition alluded contributed In no SIN d,
degree to calm down dsquietude, strengthen pablo
feeling and 10 demonstrate that unsoo de terror had been
!oo easily given way to- Tho crisis, although conjnred
manner tho profits which the company thought itself
emitted to reckon In consequence Of the simple ane
The report thea touches ON ,he several on crprses
.ca the company hal a% med =, Carrying out on
ie u thu OF GrebObe to 81 Rambert, towards
Lyons and vAlepce, had been sanctioned by Impe-
rial decree in March, 1857. The Transatlantic
every believe that tie edoo would be- before
long settled In 10 satisfy all the interests involved
s1 Nth bns e. S aI q sn va
part in the construction Of the Spanish railways The
port then speaks Of tho nsuency Of tho caatal OF s
country and then sxauinss the question Of no IL csta
ooa bcss be doubled In erder 70 s enlarged sphere
sa The % SoUa. H' Az. u' rs
pr thsn touches the financial situation Of the company
II ual<actsn. In cash during The year bad amounted to
Nh sSs bank o i,MS, d@s iie fsas, sss 'ssu
As c.mpany had recsved Payments g
conpsnics boa coupons Of sharcs aud Bonds
sSSs r1. ssss q .sas
or Is per cent for the year 1855.
The mecuDg gave la APPROVAL 10 the report and adopted
the dividend prop Bcd and the proceedings then tor-
mated.
tn. NEW cHARrxR OF THE BANK OF FRANCE.
the text Of the bill the Bank Of France submit
ted 70 the Council OF State
Arr Inc privilege cooerrcd on the Bank by the laws
OF the atsh Germna An XII, 2ad April 1905, and sosa
june 1870, which IL to expire the SIT OF December
1867, prolonged for thirty years, and 10 V ue
Art The capital Of the bank now represented by 81
$50 shArcs amounting togehet TO VI no. includ
ing tho reserve shall bencefoth be represented BY
shsrer, amounting together 70 1871 ,G25 0o0f
All The vi ESQ sha es newly creaied shall be cxcu-
svey allotted 10 the boders OF the 81 $50 shares ay
extng Who shall pay for them to tho bank at the of
ileL per share quarter by quarter, within year from
the PRONUNCIATION OF the preseut Law
Art Out OF the proct eds Of these shares OF
loo0oot0f sha be set apart for the formation of
serve fund, which shall be added TO that already existing
composed of 1900 oooc Including that OF the branches
and tho real property Of the bank Those 100 ooot
shall for This purpose be converted into three per
reute the revenue from which shall assist 10
forfning the half years dividends. These rentes
Of the reserve snail be cuable except In cssc shall
tccome necessary, In odos to maintiin the integrity 81
The os pornok capital 20 m,se up ,sses the bank may
sustain, and In the yroGt. hall be insufficient sup
ply the half years dividend Of st per share
BY Art Of lhe law Of tho 22d Api', 1906
Art. 3. The Minister OF Finance u authorized TO
transfer 10 the Bank OF France ia per cent rents
from TIE Caisse dAmortissemept the Of rente
necessary for the .rnpo, men, e III, 100000 ooo which
are 10 be converted BY tbs bank into reote the Stats
That reIte thal he delivered NJ the "a "
The month preceding the ent into the Treasury Of the
Gums 70 receive that Destination the capital Of thai rcntc
shall be employ the dsoo~pers OF too e. ,u
y sinkina fiDd of ne hundrcsth part q In,
capitol of he ssd feDte shall be added dotados of
the Csisee d Amo, tssement
Art The causes and conditions set orth In the treaty
annexed hereto, signed on Mo =, ocswecn the Min
This treaty Is as followss-
Article The 100 co., ooef which, In execution Of tho
nv OF -, tho bank " 10 add 10 lie reserve, and 10
convert Into rcne the State shall be paid by into the
public treasury In four equal and quarterly n-slmen In
the course OF year from ths promugauon Of the present
Law. Aner each OF these pay ments the Ueasury shau
deliver TO the bank al the quotations OF the pre-
ccdns month, equal In nscfipaons Of three per
cent rtnie on the State.
Art. In return for the advantages the bank derive.
from rccespg In account current the dispabe Of
The seasury The hank ensas~ 'self u make 70 the c
sury In proport lie wants. advances tina, may
So oco ooof including tho o. 900 0o0f remaining N be
reimbursed a The loan prolonged BY the Treaty ~ March
1854 me maximum ~ thcsc advaDcos shall bc reduced
10 oo,6o,0noG BY means q annual rctnburemens supu-
lated In the raid treaty. Treasury bills, rcnevab iron
rcs months 10 three months ehau be delivered 10 the
bank In guarantee a hs advances
Art The ses down 10 iho dsbm a me Treasury
tn virtue o. this convention viii Ind sctod In those
forming the credit Of s current either ~ Paris
" In The BREACHES aA ne ntereHt due BY the rrca~