The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-09-11

- ne ,ss.,,ative body A member Of The House, ~
Gassa who had time before Mexico for
= mison ana returned Re was present IL the House
0hsn the debate began and he requested give his
Opspion. He did So Nothing could be more reassuIng
Man his OF The Of country and "
Sbe future yeseryed FOR Il under the new moparc~;s
's(:s o,oo.,,,o, no, convinced ~ nj. o.,,ery.. ..
Nnspton Expressed their doubts or its accuracy but the
Minister OF state, N. Rouher finished with siew vgor
touches the sketch which NJ Corta had tawn. The
Hinssters speech was like all his spear hes copious
earnest and eloquent He pictured De crowds OF
Immigrants who were about 10 pour into Mexico,
the numerous banks that were 10 zoe founded the
cemmercisl and navigation coinpanVs thst were only
waiting TO be formed the great manufactures that
son and OF coal that we're TO DO worked nnd as for
sSs enansss Of MeIice he sso sss MOI inc "a
yopd the possibility OF doubt a. TO the resources OF the
country Have no fear gentlemen; The able admins
eRAtion tho Emperor M1ximilan will restore and
ssre real prosperity The finances OF his empire and
give undonbed guarantees to those who lend him their
MONEY! The majority OF the Chamber applauded. IL
~ right TO observe here that the Minister OF State added
aere question Of tho responsibility Of the French
ssc, 10 the matter q the Mexican loan The Minister
s11d not have said les4 Had he uttered only
the debentres would have risen bound from
30 10 900 francs. The government desired and
ported the OF the loan without the direct inter
vcntion of the Treasury member OF the opposition.
Picard objeced:"The subscribers have already lost
swcDy per The first loan and you speak now Of
= second;' to which the Minister REPLIED
You thinking OF the loan about made
e aon wpg bsy fd o 0sr Slow Go %
1fis msrast this dsrust the osicsm expressed BY
Person whsh s s dsqye, and srs II hs
= sned TO- and they who do no. listen TO them
These words were again app,auded vocierously.
The second loan was issued by the Compton d'Es-
ssmpte and the Compton Escompte Ia declared by its
statutes from opening subscriptions of the kind without
Ge special authorization OF the Minister OF Finance The
Neccivers General throughout France authorized
~ the minister whose immediate subordnaes they are,
10 receive subscriptions. The Mexican Finance Com
sn, omaer M ng PRESIDENCY o. &c Gorny zen
sroor OF the Bank Of France took charge, al
Me instance o. the government Of the funds
collected aud OF tho payment OF the Interest.
member Of the Council of state, NJ. Lsngais, was
sent by the government to Mexico for the purpose
81 Introducing order In the Mexican nuancos During
the ume the subscriptions were coming in the comb
Aence or The public was constantly kept up BY tho favor
sblc the Mone,r published every fortnight OF
sate OF affairs Mexico; and these accounts were
scgulary reproduced IN the French papers.
The French treasury held account OF its claims
$4,000, door, in paper OF the first loan and IL became
necessary, With view TO reduce the floating debit TO
realize that sum The operation was not easy Mex
credit low that the stock OF tho FIRST issue
yielding than twelve per cent at that period
not salabIc. The conversion OF that stock, rtes
into debentures or obligations With premiums and lot
tories effected and the Min stcr Of Finance rans
Serred his unproductye reates into obligations In his
stated that he had utilized mot without loss the stock
II which he had been tho holder" The minister ey
acntly thought That the Mex obligations which
thus thrown on the were a safe nve tmcn
From a statement Published by N. Cochat II seems
tnA me MODE IN whrn tue FUNDS raised mexico
Been employed is as follows
The French government In the first loan Of 1894
osiyed 5000 0G0f OF ree in payment VI expenses in
SuyTed aud 10 meet private ciaiins-
OF the portion offered to the public, in Paris F,dncs
and London, only TO- 49,, 000f OF ak per
cent Tesfs negotiated, and pro
duoed ....................... lo2 600 900
ne second loan that Of 1896 by tho lssae
Of I've hundred thousand bonds at 340f
pyOdnced -i1OooO 900
Total III 600 600
Tho commissions, expenses, &c, amounted
Observation-Disclosures. &c coo 900
The two loans therefore produced only 246, oC0 600
From that net amount several gums retained for
l0srcnt obectsor the reconstruction of capital At
tlss end Of y yenrs, for interest reserves premiums
apd lotteries, dividend due to misunderstanding total
0sm OF 212 600, 000., that Mexico received only
1000 DOOR, Of her loan There remains present in The
Preach treasury DOOR Mexican bonds not realized,
A1,o00f held In for indemnities 10 he paid 10
Drrnch subjects, and about So oc0 representing the
1oYiOn or the fret loan uncoDversd and which remain
- the hands OF the Mexican commission. The number
~ bonds held by the public s therefore, about $50 DOOR
distributed over 900, 600 families Those people u Who
Aave alone provided the necessities or tho Fench army,
ed Who aided in rembursing certain English cred-
9sorA
The creditors them look TO the French government,
whom they consider 70 have morally guaranteed the
Mexican loan BY the quasi official character given TO tho