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


me Paris correspondent. Of the Lo1don Nma says
IN Epsfsh company rs at present negotiating with NJ
Ass&s zor thu land In Egypt vacb belongs TO the COM
ana 3 Ven suited to the cultivation of cotton person
left Parts Monday, for Alexandra, TO communicate
with n Iesseps On tho subject
rns LAT. Efna ncfal Explosion In Paris
- IN y Arrest Of N. Mfres.
from the I0noon Post, Feb 81
The failure Of the house or NJ Mres Co., anticipated
in my letter Of yesterday, was formally announced on
the Bouse at an early hour this morning and created
considerable Ccitemont Count de Germiny, Governor
estate The house OF Mires Co Ii OF those large
banking establishments which have grown up suddenly
in Paris and become identified with extensive railway
oootracts foreign loans ana domestic enterprises
scale Wh'ch involves many mi lions Of francs. NJ Mres
& Co., II Will be remembered, lately contracted with the
Ss yecch sw and the house Of was
mot successful In Paris This blow appears to have
condemnoa the house Of n. Mlres TO ruin. Before
nent large ,nthIy, NJ Mres had heavy calls on
his bahk originating in his engagements with Spanish
sssr aS,s such weights S
ties the house has broken and caused much conster
nAtnu TO hundreds OF shareh,ders II Ia whispered
about that Mires will make some remark able rev ella
tons concerning the financial transactions Of great per-
soaages II 30, he will prove himself good friend Of
the Emperor. l hear that not only has N. Mires been
put under arrest, but three other gentlemen, whose
names do not care to mention, are also under
the control Of the authorities. Inc Liabilities lNa
200 70 600 millions Of francs but the fact is
no the present moment the real condition
a the give you the precise words OF the notice
which was stuck up at Bourse touching the Mires
failurePar ordinance de lie President du Tribunal
de IA sene 70 comte Dc Gesmay Gouyerpear ae Ia
de 10 Caisse Geoerae des Chemns de Fer avec les pou
vuirs les Plus etendus" Quoted property in our money
market at first much affected by NJ Mires' failure,
but the day rally took place. and the three Der
cents closed with Improvement Of 15c.viz at 6Sf
go. The pacific chafaster Of the King Of lays speech
sustained prices 70 day.
The Paris correspondent OF tho london Times, writing
on the lsh nlt, says:-M Mrss was arrested at nine
O'Clock last chit aIious charges He is IN custody
at Mazhs Il Is rumored that several persons Of standing
are more less implicated In tho affair, and that dis
likely to follow II Is the general topic Of converse
The PARIS correspondent of the London Nes, writing
the lotb, eays:-u is secret, but undoubted
fact 10 everybody a mouth that Mres the great mil
ouae neeotator Of the Turkish oan, the mana ing
director of the Csse Generate des Chcmins de Fer,
was arrested on Sunday evening" and is now in Mazls
prison According to report, the charges against him
are Of very serious character. Az tne Bourse .ae
opened at 1857 and fell 70 140 but when, by order Of
the Project Of Police the despatch announcing the ap
poin ment Of Coua do Germiny was placarded at the
Bourse, IL recovered to 1861.
The Paris correspondent of the London Morning Herald
The arrest Of Mires has created sensation in Paris only
to be compared excited by the Sadlier and Rob
son frauds in England. II seems that the indictment
against HIM contains three counts-breach OF trust
swindling and forgery Jdtr ecure de Ru
mentions several very distinguished mixed
them al yaS s he % to @
the subject or the arrest IL is said that before he
taken custody, N. Mres prevailed upon to give
up sundry papers Of most compromising character
for certain persons who have done business with NJ.
Mires shy Stealth and who would most assuredly
sblush TO find fame.o The character of the fallen
specuIAtor for shrewdness makes this report anything
but likely In fact have heard thas he gave up copies
OF his correspondence but that the original documents
are safe custody In London Pending the trial NJ dc
Germy the Governor Of the Bank OF France has been
appointed by judicial authority 10 preside over the Casse
des Chemiss de Fer
The Opinioue Nnicdle Of the 18th ult audes TO the
affair in the following terms-But little attention Is paid
70 business every bo1y being preoccupied with the pain
fu matter which alluded yesterday It anxiousy
asked what the consequences are likely to be of the
serious embarrs n of principal banking
houees We think II right to all parties interested
not 70 give way panic OF which they would be the
yctms The care OF their interests has been conded TO
and honorable hands The President OF the
Tribunal OF the Seine has appointed Count de Germiny
Governor Of the Bank OF France Provisi onal Admin
stra,or the Casse Generate des Cheuins dc Fer with
the most absolute powers.
Influence of the American Crisis Upon
the Commerce Of Europe.
COMMERCIAL TREATY BETWEEN ENGLAND AND