, 1873-12-25
4 Comparison Between tho Bank Of
Franco and th0 Bank Of
England.
Their Capital, Coin, and Bullion
Notes Outstanding, and
Deposits
Tho Notes Of tho Suspended Bank Of Franco
ut q Discount Of Only ono'Third
Of Ono Per Cent.
Belief tlnt Tho Bank VIII YQluntar1-
" Resume within Two or
Three YcArs.

Bismnrc1z Kidding Germany Of Sur
plus Silver by Lending
It to Austria.
Special Correspondence df Tna CHtcd1o 7Fi6uns.
PARIS, Dco. |. 1879.
Tho tro grtatost banks In tno world are The
Dank OF Franco and tho DAak OF England. If
ono inquiries which is tho
STRONGER, GREATER, HIGHER,
of tho two, tho answer will depend altogether
oo tho nationality Of tie iutorogatoo. II au
Englishmau, lie will reply, with al air Of oond-
jout amazemont, "Oh! certainly the Bank Of
England, sir. It il very much groator than the
Bank Of Tranoe." Tho Tronclman will reply,
with equal assurance, TINT Tho 3 .nk Of England
eanuot compare with The " Qraade Rau4ue do Ia
Franco" The only way to arrlvo Mt correct
conclusion is to examine tho history OF the
Dauks, and compare their own sworn statements
Of tho assets md liabilities.
In tho first place, tho Bank Of England Is
rAn THE OLDER
Of tho two. II was the frs. ioint-stoclI bnnlx
established In England, aud, having exclusive
privileges in tho Metropolis granted by Royal
Charter, It continual to be tho only joEnt-stock
bank Ia London until 60 recently as 1881 at
which tlate tho London Il Westminster Bank
was founded, aud 1t was quickly followed by tho
formation Of tho London Jout-htork aud tho
Union Of London, and many othors, until tho
joiut-stock banks Of London now number sixty
1ye with paid-up capitnl Of 5225. .ooo,0o0, and
= nominal capital OF moro than twice that
atnount. But mono Of these banks haso
the privilege of Issuing notos, tho
To+ ~ o1n hny3
thereof. Dut to their respective asos: The
Bank OF England was foanaoi in 1901, and con-
Bequont1y Is 180 years old; whereas tho Dank Of
France WAS formed in 1909, the last year Of tho
Consu'ate Of Napoleon, by law Which Conferred
On 1t tho exclusive privilege Of iasuiug notes
payable to tho bcaror at sight IN coin until 1857.
It's cnartor was renewed undor Napoleon ILL.,,
extending its duration and Its monopoly prlvi-
leGea until tue 1at Of January, lS03 Tho Bank
Of France Is. therefore, only 10 year old.
oApIrA1 AND VALUE OF SHADES.
SGcdud-
Tho p9d-up capital Of The Dank Of En- -.,o rco nm
tie restn Or surplus, ls'bcoo00
The aid:ap cafitai Of lie bsni oi Franco -
rhc s,rnns l. nsooco
Total. 'ooo
THO capital Of The English BANK is,
therefore, slo,o00,00o creator than that
OF Tho banR OF 9iaace' p's sAo
shares OF the Danx OF Franco aell Tor
4a0 nor cent while the rricc of the Btock OF tho
n,anah n,r,, Ia oa1 mar ami ahowinr Tint tha
GoaA 49,. .;.,as aL.,,. so',t,o ia nr,3t ,,or-
flencn nauH 5'oias ANU. oo"u'1 'ap ptouS ~ :.
sharo OF Tue English HAhs. which Is pocausa ~
docs much larger business In proportion to Its
paplt ].
,rorN AMI nrt,I1oN
~ 49," - -. a., ,.u =.
Ihtrd-Iho com ana putl9on III tlao 'a0.ss - VI
The tHo Banks thus compare On ING 2ftl OF No.
vnubcr u)t,:
n,nk of ENGLAND. .s1os 10 O. oco
link Of Trauce, l4J,oo0,ou0
pbowirr n orontor shock of coin in the Frenci,
n.,1, he "A ror cant than II, the En.,lish Doult :.
.,'aI;a 4,so inttar h,a Int t,yo.t,,;rI. "a ,nnch
dora aro when lin Eucljs11 Banls Ind largely
strnngtl,uucd its stock Of gold. Before tie
FRANCO. German war, tile usMal amount Of gold
md silyor in tla vaults of thc Bank Of Fraucc
was sa2O 600, 600 to e2BU 600 400, while tllat ot
tho Ii,nk of Eunlanl rarely exceodetl 5125, ,0Q0,-
MA. ar gcnrccly Galf Tie average or tho Erpuch
institution.
sorra OUTSTANDING AND GOVERNMENT DEPOSITS.
FonyL1-
,rhc mics of III, Bank Of ENGLAND outstand-
ius iast week amounted to. slo3 $50 900
Notes in reserve which tho DAnk uy issue. 5JuoOuoo
--------
Total!f all are issasa. sl19 oSo 9ot
LANE o. ffahce--ho1es outaanans. .'''' oo''ooo'o''
WITHIN mouth tha bank Or Esanso ~ &C. haa aot.
tracted It's notes ny nearly S!f,0uu,0 0oo. beiore
the war ln lS1o tho cilcuao oo o. M iaa notoa Va,
t!ea from soaotooo,ooo " Saoo,9uo'ouo, or npon'