The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-03-11


Inc news we published yesterday and the additional
particulars given to day Of the commoton in tho nnan-
Cal word OF Europe caused by tho peculations OF II.
jules hres nave naturally enough induced an inQuiyy
into the antecedents Of this remarkable specuhtcr ana
financial operator II all the fears OF the Paris.n pubIo
ustable and turn out DO correct the Myes frauds
will totally overshadow the gigantic operations OF Hud-
son Redpath and others.
NJ. Jules Mires s Of jewish family, and was born at
Bordeaux, in France, about the year 1906. In The
year ls4s he was only merchant broker;
but AFTER the revolution OF February no became
director of the gas company of Aries, and was
associated with NJ Mlaud another celebrated banker, In
a number Of enterprises One OF these the estab-
shment Of tho Railway Bank OF which he the solo
director IN 1853 They after began the critical
animation Of tho writings of M Lamartine, which was
published in the Consiler du Pelple, and afterwards
continued in the Crlsatr and tho Pays Aortly after
NJ Mes negotiated the loan of the Seinc and at subee
quent period operated with Mcssrs Solar L. Jourdan,
Base &C. in many Of the bold speculations which have
occurred Of late years. He period the Director
of the Galleries Of Portes and Feuechas well Of tho
Society Of the Portes of Marseilles. Ia.terly ha
at the head OF the Roman railways and
his administration caused some curious relations
between the Jewish banker aud the cardinals who were
Shareholders N. Mres has written some articles
financial economy and gave great publicity, through the
press Of his speeches delivered before the Board
Of ofSharehoders. He has brother with whom he passed
his earlier years at Bordeaux and who through his In
nuence. has become the manager of the CnsstsiomnA
NJ Mires has hitherto lived in the most superb and
elegant style and not very long ago his daughter was
married in Paris in style Of ceremonial state and
travagance scarcely surpassed by tho celebration
of the Rothschild in London some time ago Tho
matter Of expense was . small thing 10 n Mires,
and be- therefore, got display Of the utmost agni-
fcence.
For some time past there expectations that the
crash Of his affairs at hand and, consequently tho
Turkish loan, which he had undertaken 70 negotiate.
could not progress as he desired.
NJ. Mres could not ater and caole the old women Of
both sexes who hold bags OF pieces and pe-
thora stockings parting with their certainty for the
very great uncertainty that holds sway over the Otto
man.
In the time tho necessities of the Turkish govern
ment had 10 resort to local loan Of ninety twomous OF
pastres at eight per cent keep the crumbing empire
from falling to pieces. The Liverpool Post Of the 10th OF
February, first contained this startling intelligence
private despatch was received yesterday In Liver
pool conveying intelligence part Of which caanot 30 be-
frmaon II s to the effect that the Bank OF France ID
about TO suspend cash and that NJ Mres the
nanccr and contractor for the Turkish loan, has aseady
stopped for 10000 900 francs The part Of the
story itse Incredible discountenanced by the fact
monetary mottcrS were easier LONDON yesterday
although the Stock Exchange setting day had BY
anticipation perceptble influence on the market. N.
Mres not in good odor and queer stories have boen
prcvaen. respecting him; but he is well befriended
that things must be at strange pass he has been
allowed to succumb We mention these rumors simply
because they important be psssod bat
have received confirmation Of them, and We know Of
nothing which dsposes us to put faith in them.
There be doubt Of tha. r~-s wfi "a relates
s1cs siao Information received
yesterday to the effect that the Casse do Chemn de
Of NJ Mes had stopped payment until the inventory
of the state Of the bank completed Constantnople
bills Mres fell due tho Goth and 21st OF February
reaching f2s0 900 sterling, and not met The
element In Paris very high and several persons
who said to have been concerned the Mrss trans
action have been arrested,
The complications to result from this affair win be
greatly ramhed, and await further advices TO
ascertain the full extent Of the pecuations.