, 1861-03-14
The Late Financial Explosion In
Parfs.-ArFe4t Of M fIIreB.


The failure Of the house Of II. Mires & Co.,
mally announced On the Boufse dt an early
hdnf this inofnifg; and cteated aonsiderable
excitement. Count de Germiny, Governor OF
the Bank Of France, has been named to liqui-
date the estate, Tie house Of Wires & Co is
one Of those large banking establishments
become identified with extensive railway con-
tracts, foreign loans and domestic enterprises
on q scale which involves. many millions Of
francs, II. MiEes & Co., IT viii be remem-
bered, lately contracted With the Turks q new
loan, which. owing to the opposition Of the
French Government and the house Of Roth
6child, was not successful in Paris. This blow
appears to have condemned the house of II;
Mires to ruin. Before entering into an agree
ment to pay the Ottoman Government large
sum monthly, Ii. Mires had heavy calls On
his bank, originating In his engagements with
Spanish and Roman railways, public works at
ntarseilles, and other smaller liabilities. IN
broken up, and caused much CONSERVATION to
hundreds of shareholders. It is whispered
about that II. Mires will make some remarka-
bic revelations concerning the financial trans
actions Of great personages. # SO, he will
prove himself good friend of the Emperor. I
hear that not only has N. Mires been put ur1-
der arrest, but three other gentlemen, whose
names do not care to mention, are also un-
der the control Of the authorities. The habili-
ties Of the house Of 3{irea are estimated at
from 900 Ito GOO millions Of francs; but the fact
is 10 one knows at the present moment the
real condition of the estate.
The Paris correspondent of the London
Times, writing on the 18th ult-, says: II. Mires
was arrested at nine o'clock last night, on va
rious charges. He is In custody at Mazas. It
is rumored that several PERSONS Of standing
are more or less Implicated in the afair, and
that disclosures; as well as serious eonsequen-
ces to individuals, are likely to follow. It is
the general topic Of conversation everywhere
The Paris correspondent Of the London
Ac,as, writing on the 18th, says:-It is now no
secret, but an undonbted fact in everybody's
mouth, that II. Mires, the great millionaire,
the negotiator Of the Turkish loan, the manag-
ing director Of the Caisse Generale .des Che
minB de Fer, was arrested on Sunday evening,
and is now in MlEas PRISON. According to re-
port, the charges against him are Of d very ee-
. rious character. At the Bourse the Caisse-
Genera1e, which Oh sa,s:y sa,us1.:ys was quoted ut
205f, opened at 155f, and fell to 140e; but
when, by order Of the Prefect OF Police, the
dispatch announcing the appointment OF
Count de Germlny WIS placardcd at the
Bourse, it recovered to 1861.
The Paris correspondent Of the London
Morning Herald says: ....-.
The arrest Of Rires has created d sensation
in Paris only to be coinplssss3 TO tia. excited
By the sadlier and Robson frauds In England.
It seems that the Indictment against him con-
tains three counts-breach Of trust, swindling
and forgery, fur en- ecriture de commerce. Ru.
NOR mentions several very distinguished
| names Us mixed up Hith II. Mires, but It would
be premature to disclose thein at present.
Among the many reports current on the sub
ject Of the arrest, it Is said that before he Was
taken into custody, l. Mites wis prevailed
upon to give up sundry papers Of q most com
promising character for certain persons who
and who wonld most As assnredly rr M hinsh to ind
! it fame" The character Of the fnllen specular
tor for shfewdhess makes this report anythins
but likely In fact, I have heard that he gave
up copies Of his correspondence, but that the
| original documents are in safe custody in
| London. P:nding the trial, M. de Germiny
appointed BY judicial authority to preside owe,
| the Caisse des Chemins dc Fer.