Sunbury American. [volume] (Sunbury, Pa.) 1848-1879, 1861-04-20
Ups and Downs of Financial Life.

Ups uuO OOWnS OF IlDpncldl IlIe.
The Paris correspondent of the New Or
leans Picayune, gives the following interest
ing account Of the immense wealth and pow
erful influence 80 suddenly acquired and sc
suddenly lost by the great banker whose fall
is now the chief item of European news:
Mons. Mires is the great Hebrew banker
who owns LIE Pays and lie Constitutional
the leading Government daily papers here
the old Hotel des Princess, the old Hotel de
rEurope, (which be occupied as his banking
house even the court yard was covered with
a glass roof and served as an Office Il J who
has recently built the Passage Mires running
from the Rue de Ricbelieu to the Boulevard
des ltaliens, who was the chief proprietor and
manager of the joint stock company, the
"Caisse de Chemus de Fer" which owns the
Roman, Pampeluna (Spanisb) and Portuguese
railways, which subscribed the the Spanish
loan of 1857 for 100000, 900 reals, which owns
real property at Marseilles and Paris valued
at $2,000,00n, which owns the Marseles gas
works, the new docks at Marseilles, the Nj ar
selles iron works, the Portes and Senecbas
iron works, aud which subscribed the Turkish
loan Of 40O,0O0,OOOf, (really 2l5,OOO,O00) J
which it was endeavoring to get rid Of when
the above mentioned catastrophe occurred
Its liabilities when the las; balance was struck,
Dec. 81, 1760, were 80 ,44l, ,495f; you may say
$20,000,000.
1t is not precisely known upon what grounds
be was arrested. Warrants we're obtained
by his principal creditors for arrest on the
ground of breach of trust (aJus de confddnce) J
The police refused to issue them, unless the
Emperor authorized it. A Cabinet Council
was instantly called. This, however, required
time, so the police kept their eyes on him for
two days, even surrounding his house quietly
at night to prevent bis escape. The Cabinet
met. The majority Of the members were in
favor of refusing the warrants for the present,
at least, as the arrest would probably lead to
fearful commercial crisis, and, at any events,
ruin great many people. M. de Persigny
said Nj. Mires must be arrested, let the con.
sequences be what they may,os Nj. Jules Favre
was about to make most damaging speech
against the Government on the financial abu-
ses and corruption OF the day, and lenency to
Mons. Mires would initiate against the Gov.
ernmeut; besides, he was determined to show
mercy to no one who was guilty of swindlug.
He was sustained by the Emperor. A war
rant was issued. Perhaps politics had large
share in experimenting this determination
Mons. Mres waged bitter war on the treaty
with England, and on the measures taken
against speculations; especially the levy of
an entrance fee TO the Bourse. | have heard
some imprudent remarks be made against the
the Government were likewise turned to serve
bis ruin. Poor man seven months ago he
did unquestonably possess after oil his debts
were paid, $S,000,000 Six moDibs ago be
married his daughter and only child to the
Prince de Polignac, at the Madeline Church.
All Paris-the titled the illustrioue, the
wealthy, the powerful, all toronged around,
to do him honor, The Bishop of Marseilles
came up expressly to marry his daughter.>
Now he is in Mazas Jail, charged with crime
which may brand him as a felon A few
weeks ago bis old partner, Mllaud, was tried
as q swiudler by the Police Correctional =
In 1852 they were both penniess. How
cruel these ups and downs OF life are.