The New York herald., 1867-10-06

Situation and NTanageueut Of tho Credit
N1Obilter.

Situation and nTasagemeat Of tho Credit
MObtlier.
IfSrs tSept 20) correspondence OF London Heraldl
Aeasrs Emile and Isaac Pereirs have resIgned their
seats as directors OF the Mober together with Sal.
vador, and Messrs dc Germiny Cameron and Della
hauts been installed in their place. The directors,
as soon they have asceraned the zeal position OF az
fairs, will summon general meeting Of the sharshoid-
which 1t win be wise 70 receive current rumors with
great caution Ono thing certanthst the cred
tors will not be such extensive losers al
time apprehonded: but afraid thai the shareholders
have rather oomforsless lookout before them. Tho
capital OF the Mobiiier originally 60OO0 900 OF
the capital doubled, q raised 70 100 600 600 OF
franc Tho par value Of the shares 500 francs and
their present value only 230 franco The loss 10 capital
would thus be sixty -four millions OF francs But,
In addition, the Mobier holds lin addition TO mmobler
shares and bonds and shares Of the Transatlantic
less, and. all the securities (even those which may
ultimately raily) arc just fearfuy depr eciated
In the sprng Of 1854 Sobar shares won't up
to nearly 500 francs and the the previous
year ono Of the directors, in speech at the annual
fames There are TO my knowledge. at present in
England holders Of Mobier shares who bough, in AZ
matters improving. There have becn securities sub
ject to such auctnation the Moblier In 1852 its
shares were quoted as high as 1856 rancs 1854 they
fell to 4So francs and in 1856 went up again to 1882
francs 80 centimos. IL and Mrired BY speculation
and speculation has brought 10 grief
[From the Semaino Financiere, ofParis, Sept. 22l
week since with respect to the affairs Of the Credit Mo-
ber and the Immobiliere loan of thirty-seven and
half millions has been obtained from the Bank OF
France under the statutory conditions OF that estab-
lishment With the personal guarantee OF the directors
OF the Nobilier. The operation has not. believe.
have peen circulated during the week, the arrange
ment has been concluded and the time OF execution
depends upon the will the borrowers. Will this loan
OF thirty seven and half millions suffice TO cxtrcate
the two companies from their difficulties In order
answer that question We should require 10 know
whether the Immobilere has or has not engagements
OF short date; must know what the Importance is
OF the demands which tho creditors OF tho Mobier
current account may have shortly to make upon IT, An
advance Of thirty and half millions seems very
counts current OF the Mobilier 0ther must
therefore, evidently be looked for in addition 70
those obtained from the bank Board
OF Directors II thought unpledged past resolutions
and responsibilities. would facilitate the arrangements
necessary for simplifying the affairs Of both companies
sound condition H. In fact It Be judged useful under
present circumstances appeal 10 N. dc (ierminy 10
his spirit Of conciliaon 70 his enlightened and consc
entous application, No should wish that. becoming
head OF the Immobili6re Company The misfortune OF
these two establishments Is that they have been too
much mixed togother-to0 much fused TO speak
under the direction. This solidarity ought to be
made 10 possible, and each Of the
DO brought to attend TO It's interests and face
ties would In fact be perhaps retarded, II both wero
still kept united under the same management. At any
rate. whatever be decided the essential s
to lose time Considerable embarassments have been
allowed to before the public eye which has been
source Of disquetude and anxiety - the financial and
commercial world The evil would DO aggravated II, by
dlatorness fcebeness Of WALL the present intoerabe
uncertainty should be prolonged