, 1869-04-11
THE BANK OF FRANCE
Some Eacta Relative to the Ercaa
French Financial InsxlfutIpas

| recent article IN FreErn rcy.ew g1ves sout
interesting particulars coucerstng sa8 eear cstai,
ltsemenI Hhtch hss 80 lnuch u do with the com,
Eete5 abd finances OF the Nczid. The hank was
established IN 1872 By seven great Faras bankers,
sho CONSTITUTED themselves mo 8 partnership 10
BunBparte rnntGted to the neyE lusttutlon thn ~.
ptI1ntcndc1ee VI the French Sinking FunI and #,
isas Compelled III the other bankers 70 consoii-
the exclusive privilege Of issuing nntcs for neiei
q nitetn JeaIs A subsequent decree orierel that
.n p1nn IN Saoa Se under re sonifol q Governor
The Fauk OF France Is now Al Hnuonymous
paa.1nefship- pa. wtn capital Of 152 81, ,oo0 fraucs
es-v1) each The reserved 1unI.. fndencna,.nt ~
ne capital, airnnnt to q 0o0 o francs ;sk GMts,S,
me1es ~ sne!nstEe privilege 70 ssue notea for
1e5n qeg e51enesA al.d now terminates December 81.
council. &c eerase, aH'1Gn f ~ - Ee,e.oeA y gtae:
eEn0r, three Censorx1 and fifteen Regents e,ectei
ny tac kalfthulderA The notes an sinru!ar In
aaEly oeaose 9stpf nf,a ,nasy transparent md par
elsess eISer rf,o 81 En which are placed Que apoa e
t, Win s1Sat eAacsness and af1crWaris coatcI
ne ttcufly against furSenes conxt Il In tb chna
ngassn w. stet,a,S o. yaesy - q skilled proceses
W1Ieh an Interesting article c1vt,lr tcs lffs ro;
c1niEE the ls.ue and discount dess1n,ent, of M.
iIsuic!t"p. From this paper puIlsneI In thc tc
b.nS AZ ael hss nIa as sas ne of sae
eonesponllnE to the letters OF the aipSalcf Eacn
scnss consists Of 2aro1 notes Of L,e sltns ,eu,,ni
tnoEsand isanes tssoD each. Eul.oA! Ing he dr.r
Esne 81 62aCO nores composed Of IS series An.
ssca1Ge 70 me isttsts of the alpha!et comes
Hecoud issue, ~, IL, &c, md utbr- issurA arr
sinllteI sceonlIs to the demands ofithe csrcuia.
nqh f Snu!lA' Inc bank ns1ly Issued three c!asscs
hundred francs tS1.ts,, ssN and sIssI3 Two Inn
msa ,Ianc nete5 ts4o were Es:lel In .Juae, lss7.
1nancIa' n %.tsr t9e Fst,a revolution Of 1855 u
cue ktIcttrrd francs ts2u) werc put tn circrIa.
uon. " IN ISL the government pcr1atted The tsSlc
ui2se ;.i. Iatil appeaNuce printed n blue Ink On
@ WE'VE paper, ktyle at present adopted on al tho
The circulation or III, hank \. n. ,,.t n,,,,,,u,
return. amounted IN value to twelve hundred mil
.on francs {s44e, ,o9 oo1l, represented hy 4,s747n
n1ses nov st u ne1;h MoFe than SoOo are notes Of
tnat are received In tole,ablc condition, The
torn and defsced notes are entered ou descrtn-
w. i've ilsI and are then cancelled by stamp. After
me EiESe Of three years the uutes aSr DESTROYED.
being placed In m lrun cage to prevent the cscsn
o. me smallest fragment, and then burned The
my errvrs In the LIST Of numlers wbtcn ART eoyna
ntoes not deciphcyed correctly. In lSs there were
e ae,Ioysd N l,ilaala notes Of which 3oo,o1l were
we're for ons hundred fruncA '"0N
~ eills discounted hy The Bank OF France must I
specified kihd aEe als.l deposited Ths LONGEST
tine for which TromissorJ note caa r1iu u uI,sty
da!a and the ehnEtesr three DAYS Days OF rrucr /
ocns Of Europe. The rates of discount cnarrri hy
t HG 9 ~ alea ~ alHef1nt times from to
~, ~ tsna' @ wy y Law passed June 1851, the
tlQnt @a4 granted In extreme cases OF ral,nH thn
a1a., .ss ~ o,scount aoost Ter cent The bank
ri3 W. ..eeu " lnls pt'sAese III 1soA when it
; suS ~, .nts - otscou1e su l"f fent The ao-
.ua. t!Nn.a IL .. we nanA nave nMo1lisul In autne !
s4'n ~ - 1T Scat hon u capital Ia 1867, the
= saaa a,sIoun'ea Ans.HA b.lt~ a1noan:tcg In the
atSseEsie 70 th,-'ANsAi i9o francs Ht14I17 ,0sn.
,tse t.ares Nt9, ls cacn note Ths
tesnst1 u : stAtea, L dut TO the Largo number OF i