New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1858-05-31

Frequently many sbont gigantic
called the Credit Mobilisr, in Paris We
Of having sid anything in s favor considered
affair Of Brandon Bank nosore. The latest have Of
deeciabe contained Ia the following from
New York paper which expect fully The
annual general meeting Of the Credit Mobier Company
France, recently taken place Paris
Of Mr. Perec. when the annual report Of the
mnlstraon Of the Society read adopted. The
remarkable feature Of f. the determination no
dividend for the This great falling 3D. when
remembered that In 1855 dividend 40 per cent was dc
eared Of the years. clear profits and that 1856
dend Of Is paid for the smaluess which the
administrators Thought necessary apologize share
der and 70 comfort them with the hope that years
dividend would compensate for their disappointment Instead
Of this Is turns out that the next years dividend
There convincing proof less BY the Com
pay Of the credit which the great basis Of their
operations During the years ls555s when the speculation
mania its helghtwhen the people implicitly believed
that they had only TO place their in the hands
Pefsres Fouds Thurneyssens Hotnguers to become the
recipients Of immense podthe 'scnren accounts Of the
Credit Mobie close l50000OoO while the last
statement Of the Compsnys ars show that the
these has dwiadled down he nsie
nhcant Of 6s 10000 fancshus proving satisfactorily
that the people have begun doubt the security
any, and fits fulh It's thanhe
principles Of its operations in accordance with
my and sound business
We always opposed institutions like the Paris Credit
Moblier because believe they unsound and i'm
moral and later lead and widespread
ruin, lke any other species Of gambling We
they differ from other stock gambler except the magn
tude Of their The specuiaor for the may be
successful for length Of time and make brilliant profits
hut 4 Is impossible that he always His fances
must at some tins reach eliminating point the
Of the operator for the fa Indeed the ind yidua
Speculation has the advantage Society like the Credit
Mohier He put his hands pockets and look on n
he thinks action dangerous whereas French stock gamh
ling association must the funds its disposal and when
the upward tendency cessss and the fall, sets in
must suffer losses proportion magnitude Of its opera
lions In opinion. the Credit Mobier Company quite as
unsound 10 principle the South Sea scheme specua
ton o. the traffic n Harlem tulip The promoters
orgnaio Of these last mentioned swbdng projects paid large
dividends, and promised that dividends should
be immense aud the hundreds Of thousands who them
were utterly ruined We do how the Of
the Credit Mobier avoid similar fate. may be- 1--WE
hope that is the cas that many Of their
fortunes in the Company have the faacy system
The groundlessnesH Of their expectations withdrawn their
ands. Those who stlll believe. will surely begin doubt
when they read the last the Compsays affairs
which shows ths its total liabilities amount to 4I slsss
francs 6O and that the these liabilities
composed Of The shares and every imaginable en-
terpdsu imosy unhnshod) from railway Inssa 10 an
Omnibus Company in London Gas Company in Madrid
the value Of which must be subject altogether ups and
downs Of the stock Exchange aud whose quoted in the
Company statement known be vastly Of the sum
which the shares would realize the open market II there
should be disturbance In France or war in Europe or
should the BsFiad Of general depression continue What
will become of the 7i75e0s OF shares
francs Of bonds and ~ $50 advance on shares
which constitute almost security held BY the Credit
MooIer Company to them whom they els SB
franco