The St. Cloud journal. [volume] (St. Cloud, Minn.) 1866-1876, 1873-03-06

The question is often ssked, "What
is the meaning Of Credit z.Mobiler :"
We aosver, 1t has been adopted from
q French association called "Soeiets
t}ener.|e de Credit Mobile."-.o. dis.
''"guish it trem "Cfsdit Foncier."
inc latter society advances money On.
y on landed OF immovable securities.
'o''e the Credit NJ bilef .ds.oee, mon
~ o" stocks Of railroads and other
movable securities. The soeiete Gen.
sr'Ie de Credit Mobiler" became .
great and profitable enterprise. l. had
speeisl privileges under its charter. Il
a,siatsdz zn,tsrisll, il the construction
ofreil~sys and the promotion of niu-
ing schemes. Among other enterpris.
es i" which it WAS notably interested
we're the government loan on account
'f the Russian waf, the Gr,pd Ceotral
lt''l~sy Company Of Paris At one
tue it advanced 25O, 100000 traces,
aud at anvtber time s75, 600 900 francs,
To the French Government. Its busi.
ness Was so great in 1856 th.t it de-
clared = dividend Of ~ per cent On ito
capitsls While it vas manifestIy the
'Deaos Of doing much good il France,
eventually failed.
The introduction of the terms "Cred-
It Foncer' and "Credit Mebiler'' into
America is due to Mr.. George Francis
Traio. He established . "Csedit
Fonci'r" with Omaha lands, which bs
aked ab"ot the country some yssrs
ago. He gave the name Of "Credit
NJ 'b'ler Ct AnrrIca" to . corpsr.tioo
nth universal privileges, which vas
''gan'zed 10 Pennsylvania It xas ap.
propri.ted BY Meesrs. 0akss Aces,
Du'sot & Co., to serve - the party of
ne sh'rd part in the famous ''tripiicats
agreement, by which the m.oagers of
he Uuieo Pacific R-iIroad let out the
e"otract for building the road to them.
'el'e', in payment ior which they mod
es'Iy took the road Itself, all the Uui,ed
States binds, all tho 6rst mortgage
ocnds, all the Unued St.tes lands,
rtc.. at profit of over one thousand
per ceot "n 40 entire fictitious capital.
ihst is what 'Cred,t MobiIer'' means.
TO tie m,dern American snd Congress
sionSl use OF the word. The title is
not inappropriate. The transaction vas
literally credit of nouabies-the
United Stat Government furoishine
the credit aud money, and O.kes Anes
q Co. taking tn: movsbtes-that IL,
the securities aud the pru6ts.
LlVlNG>TONE.
Descending the western slope Of the
mountain. the port Of UjJi lay belo~,
eubowe' ed in palms.
~ .furl your flags, .rd load your
guns y cried Stanley
Ay ~allab, ay waIlah, bana r. rs.
-ponded the men
"One, twv, three !" and a volley
trom fiity muskets woke up the peace.
'ul village below. the Kir.ugozi
raised the American fsg a6oat onse
more; the meu stepped out bravely, as
'he crowds Of vlllsgers cana ascking
aroo"d them. shouting Bindsra Aesi.
ami 80 American a.g!
Suddenly Stanley heard voice on
his right say, in good English, "Good
u 'roing, sir"
The bloc l leaped 6ereely to his heart.
Was it then true =? Livingstone was
near at hsod
a bl.cs man, dressed in . long
White shirt announced himself to the
,ou"g adVenturer as "Susi, the ser-
>aot OF Dr.. Livingstone"
Nv hat ? Is Dr. Livingstone here"
Yes sir"
"[o this v,llage7"
Yes sir"
Are you sure p
"Sure, sure, sir. Why I leave BIN
just now.'
Then an 'ther servant introduced
himself the crowds focke@ around
a"ew; Stanley ecourged himself to
keep down hi@ fur,oos emotions asd
tiually. At The bead Of his earavsn, n.
rived before a sem,-eircle Of Arab mag
mates, in front OF whom stood an old
white n,an with II gray besrd.
A. stanley advanced toward him he
'"t,ced that he was psle, looked weari-
q, had on his head blnish cap with
t.iied g"ld baud arouud it, red sleev.
ed waist. Coat, aud pair Of gray tweed
twousers. he would have run to him,
out be remembered the traditional
coidness ot the English Rsce aud 20
he walked deliberately to him, took off
hi, hat, and SAID:
"D,. Livingstone, I presume ?"
"Yes, said be, with q smile, lifting
his cap slightly.
Then they cla-ped hands, aud, after
he necessary formalities With the Arab
'usguates, Mr.. Stanley explained him.
self ard his mission.
1t was great day for tho great q.
pIorer. There we're letters from his
children "Ah," be said, patiently, l
have waited years for letters" There
was a whole epuch OF patbos in his
voice
Aud you may conjecture for your.