, 1875-12-04
,fow French StOcls-BrOlkers Do
Business.
The Agents do Change, Courtiers do
Commerce, and Courtiors
l'Assuranc0.
Fine Ediilcc Full Of Dedlnmitea.-.
General Nulcs Of tho Exchange.
q.a Financial Articles Of the Paris Press
ia Potita Dourso.


.etjou ot busiceSa we're loll Tor tho first time,
.sout 100 yea,s ago. What may be called tho
f,st ASSOCIATION Of Htock-brokcrB whh wont 10 as
.,nlle st tho residence ofthc Notorious 1nanctcr
t,r. v,osu absurd theories introduced tho f1ver
n speculation iuto Franco, and, for limo,
,u,ped tie comn'err,al prosperity Of this county.
J,nung the ltnt Revolution, church. .aIl.tloo
"a, aesool 10 the service Of The Board Of Trade !;
hi. rs time went on, angler accommodations
RIO found nocoAHnly, AMI thero wna erected tho
t,st ard impoo,ng structure, now o1istlpg.
allied
Though stodx-j jouoing i. conducted pretty
rnch tho hnmo way tho World uvor, yet few
,o,es upon the pecuinritits in the manner Of
lone buBlness at the Doutsa, and the appear
,nre Of things there during business hours.
nav DO OF interest 10 the rahdara Of TaE
InnUSE.
Attue English s.ock-E1chhngo, TRANSACTIONS
yiog tdado for cash, speculation Is compafa-
j,ey not vety extfavagant, aud business on
Cbtpgo 10 London 10 conducted with slownaas
spj dlgu!ty tlIat form Striking contrast TO tho
o,uneIs OF French operators, whose apparent
siliusss and fury transform the Dourso into a
Et1ian. ...........
GOVERNMENT AurSTa.
Si1t7 Agents de Change, +,1tY Couriicrs ds
fpmhtefev. and eight Courfiers dAssur dhct, MI
.stautod by tho dovoEnmont. nrs alone author
ia 10 transact public Gnsnoss hero, Tho sale
4 stocks. tailroad ebarcs, bills Of exchange,
rs, belongs exclusively to tho Agents de
Change; but bills arc allowed by tolerance 10
fapegosiated BY unolicial brokers. Tho Lour-
Ia. de Commerce certify tho peco OF gold and
ils!gLt, asc.; and tho t'ou,iers d'Assurance
,tesubo rates Of insurance. Tho legal prico Of
tsb'o eecurtteB IL anhontcod daily, at tho
.o,s Of Change. BY tho agents tle Change ahd
sa+tame is Registered by tue Commisfaire.
these oIilcors OF tho Government arc supposed
pbo mon OF such weAlsi, integrity, and busi.
snioapaoity, thai under tho restrictions and
rguIalioDs OF Tho Bourae, they cannot fait. 4
itlato or thelr part Is looked upon sB q crime.
ui Il punished aeeordinRty. but aometimea
Hey break down after ali, md tho scAlpar tH
AI,ed. tusE ss Ill OF bis kind arc sura to b.
p,ner Of Iator, On our Own damocsatic Boards
.iTfads. In auoh case, tue affair ia huAhsd up.
Ae Agsut Ia suppressed nu1 no moro Ia beard
Il bin. Tho "bo,s" arc not III the habit Of
lvaishtopins him ont and giving hm a freah
EnL IA thoy arc in ClicaYo mud New York.
raE UNOFFICIAL nhoHEDA AND LITTLE FISH.
St1t efter these arissoctats Of tho Eourse, the
l1nt as Change. come The LrotcrB who nct as
.itdltmeG, do legitimate business lave re-
EoaaibIe clients, aud represent BolIlo capital
G.raei1es. There Afc, OF coufSe, largo NUM-
ts,insss, but who, in accordance with French
kltits, conduct their affans at caJrs, snd WHO
rsgc'tste. lh an easts-eoing way, over q glass Of
.eet Of oup Of coffee. Tho Place de- ls uourgo
Surrounded by ttlose dr1uking halls, which. be-
'xs md after tho busy hours at tho Exchange,
N filed With noisy brokers, who arc eillicr
lasf1ng, themselves OF are writing lettclH, mak4
eystrksay. and, ~ sLort, dong ufdeo-lusneHB
Gl53ut having any rent to ray.
Ihs buainoss-Aours at tho EourHn are, for
saoe.transactfons, from II to 3 O'Clock for
enetstlla purposes, from to6. Speculation
Il Ihlnss At that time Ii quita curious and e1-
sting md is worthy Of a brief skoseb.
calsas--A t1Hk EpIrtcE PULL OF tEpLAM-
1TEa.
layou mount tho broad etono stops Leading
tptaths Hours0, wlloh, IN ils architectural do
tsal Ia a. Imitation Of Crock temple, you
h1i ton9 10 sight II the ihird class of Aord,
-7as ladders aut sktrtuthhcrs Of tho Htock- Ex-
aaoge They 30 hawling about among the
tshthtn columns TINT Surround tho building,
ttis and ends Of business. Tho number
thesa opeERtofa Houfu be larger II thoy could
il*ealass tn gold, bat this tho Government docs
rattrmlt.
Tic naiu ball OF the building will ncconmo-
~ patbaps 1000 peIsons, md admission On
asaoof 10 tieo to all excepting Tunien,- class
apsrsous IN whom tas:o Tor speculation is
lassd 10 ho u1aosnly, atId to lead 10 moral cor
ssphou. Often. however, rlchlv-dressed ladies
Eg b seen outside Of the saorod limits, exer-
ssaos Their FREQ Wills In toepluY run Of ai1alrs
Thst15 Of III aReht-
ihs bail Ia Lighted fron, the roof, md Tho CELL
y covered With very beautiful fles.oes.
l*Es are hero uuitsd in the same building
sa,'a'soces for tie transaction OF o.
ea 81" 81 varieties Of bqasinesa growing
ssno,n Il ~ opsfss.ons .fs On chaose. 1he1o
w w soff besinsl thcEs ase chambers for The
s;9etoas Committees tho ball OF the TfibunsI
Ssonnefea: the hall OF the Court OF Dank-
''ss3 and 10 on.
lhs great central chamber. as you enter, Is
sseo s"leo with men. sud the air n almost nuffo-
SHsns ftom lhe RUoke OF I thousand ofgarattos.
sasH ara, ~ usual, good many Iookezs-on ;
w soeY are not regarded with much favor, aud
Seassed about very uuccrsmo atouAty II they
'oasS to get In tho way.
Gu. end Of 1hs ths Gn1nAh LIT T. otrcp,., sB.so,
~ rId around, and occupied sxoiuavely b.
hsa t this is fs nsriou s pa.sass
=. T. ths eanyenIence Of runners aud assistants.
H. H. mole IL csllcd q3ttar," from Its peculiar
H. ~, ,.,is Here sosh tho brokets TO mako their
ria 5elsthR lite madmen. oroWdtnp, pushing,
SS4~os efer each otheF like drove Of she's p
r,.., sofnsF. and perfectly oblivious to eacl,
H. ssasio'ltttes, both moral Rhl physical.
sr,.sa eaFtoua TO nottoe the cool and quiet ex-
n,,..s sFvo s0a lactR uI s0a8e mBD, WlGQ, IN
E,s:Esa aemeanor. thsy seem most 1lko manEaos.
T.,'a %a accne OF confusion, too. have eaeu me7s
sses ssaSs next to the wkli. fast asloep. On The
l,,..; tns upfoar Ia few de9rsoR moro furious
~! taan oa the New York Of Chicago Board
eA'ioHa-Aow NEGOTIATIONS ARE CON-
a.., QUOTED.
u, uscs q al kinds Ia negotiated 81 the D,urso,
1%%eosIng to tho following general rules.
snias ny happen that lhs buyer has At his I'm.
NJ sata diaposat tue mouoy to phY for Tho alook,
u ,.as Tue seller hAa Tbs paper that be Wishes
h,nsa 0a. But practically it docs not oftou
LxsS Lssa 70; ADD the agents de Change arc al
d. .,1inet adHs for tho delivery OF the stock tAat
H.. tsse y Io!d In behalf Of theIr olionts.
nI,t. II as purchaser may find 1t for bis advantage
ari.,.ap ap stock 1t . time when ho has not tho
!saA.asntto pay for Il, or on tho otler hand,
T. suss may not have st his immediate dispoaal
t,a e. tspsf thas hs would offer for sAia. III tAs
ku,s ses these IL no pi essnt tr4nafsr Ut equvA.
a.n,,,ss suu tnoy call the transaction that dous
aors4. take place patwesn the operators .
"" 10 aHT1ns; and, In tue daily quotations,
n. s msue OF th!s expression.
| I'D ~ tssuiAuoua Of tho Dou1se establish day
In. .os ths delivery Of ali values bought d
1pns!ath hh sas end Of the month for tho Gov.
Al. WI FeHttt. tfennh Fn,tnuH urncx nnA that