The Louisiana Democrat. [volume] (Alexandria, La.) 1845-1918, 1877-10-10
A Chapter of French Financial
History.

Government Of France ( as per re- pr,
November 2, 1873, of N. Iiaane
Minister Of France atile imperia
sum of l.530000,00O francs, (sa,
1905, 900. 900, payable in instalrhcni.
OF 200,000,000 francs ($i0O00,O 1000
per year, with interest at one pp,
cent. Almost simullaneously,wi wi i
this aid to the central executive de:
partments OF the nation, thew care.
fully nurtured with singular provi
dence the productive AMI Commercial
functions Of the nation, negiecting
rot even the humblest.
By the Kindness Of Mr.. j. u.
s"hnckers, we are permitted ito COP,
the following report of the latter
made by the late Mr.. Thomas Bllch.
who obtained his information from
leading Bankers of Paris: H@a .
1T became apparent very soon after
the b.oinnin, If los,;,i,;os l.,.
France and Germany, that the Armies
of tho f., ;. ,,oro t,, -. I.,-,I'a.
torv orr,,;v,.;o, ia ,,
aato, .:,
s,oo.ssfoI,, o., !,
swift ,dvanoa of ,ho Co...
fine French ,a,i,o y,r;o,,a ;,ai;,
erab)e encopn.srs to,,. Ill., - =,
tba Inst d,rs s. IL -,
forasI,odovod t,o s,h,'.
disostars tb,t,,.r.rh,,,,>'.,, .r:
and ended N the co,o,os, - ~
On the 2nd IF Aoons, 1874 49, -
vance If loo 0o0 In,.ri,,i,,a - Co.,.
bruckep. without decisive ,as,,,s ,,a
pnwerfu! effect nnon tho ,o,l;o son
timent of the French pesple. On fl.
4th tha hath. NJ ,yo;,.,i :.
actual defeat of their army ~, n. g.,
the battles of Woertb and S,,,h,,ol
en- (Hei int of Sneicl,arn, and.} :, ,h
bncipninp of tba ,a,ra.t ,,,,,
and On The 7,b t,,e ci,v y,, J.o,.,ol
in state of seire Tb,.,. a,.r,, e.
lowed one another with .vt,,,rdi,
rapidity: and amid tha c,nsta,,,,;,,
rverywbere excited Inv t,,,r, ,h,,
haute fiance of, Paris t,nk ala ol,r,.s
and a-rreaf al, xiatv IRE W !, ,est :, r.
the threatened destruction of tha mill
tary power of the c..up,rv t,e ,,,;,
main s,,ing i.nd sn,,5
port of the credit and o,a, la,r I'd
nari.h alO, ~
French fuauciers mot the Frs,oh
politjc,ans-,orrsaw the ;n,,.,1,,o
Iauger and with ,h,,,,a,o;
and .,nr,,,o ,r,,;1a 49,
remedy t#i5 n4ss.,1 !
The MANAGERS If tle D;soo,r, pa,tn
# paris ,,.t t,oo,,an =, d. u ~
pin0Fa ,f ,h. c,r..,;, ,,p.,
nd o,,,il.,1 81. 70,
rr Tba r,,. -, a.;
xas . rssol,,;on D., o..a.,I G.,
sS;st,,oa u.u,,.,,.,n = -, /,
,v.i,,hI. f,r H.. , nv,
,,naa,ad :, ,ha p.,,. ~ r.
,eln The fin p,,,, =
resnood.,a aac,, .,; ,,,:
ness and desire to male oor,,,,, .,,,
with the Ranks IF D;sco,,t h,+ ,ho,
.a;l thav c,r,a ,,t,. DO s
uitv win the fnn3o,,,r,,I 49,, lei
# their establishment wt;o,, ro
strained them from ,,aI.t,r l,,,r
,ept upon the se,nritv of tbrs. mama,
If known responsibility ar man ,re.
,cribed coIlaterals bnt they would
,he necessary requirements heinz, m.t
.xtend all the aid il tb.i. n,,a,
Ihey pointed ont mt the same time tI,,.
prime duty ., preserving the resources
nd CREDIT OF the B INK intact for the
worst emergencies. The result of this
answer was, that the Discount BttIksI
determined to become euao, sers for
he advances made hy the National
Banks; and accordingly with this
cooperation of the Bank of France. 7
'ills were discounted, during the first
week after this arrangement WAS
agreed upon, to the amount of Eiehty
Millions of francs ami during the sec