Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-02-02
FRANCE.

LONDON, Jan. 3l.-Ihe Paris correspondent
of the Times explains the suspension of the
Union Generate will have in one particular
a favorable effect as a new issue of 100000
shares at premium of $50 francs, which has
been decided upon but not yet made, will, of
course, fall through, and many persons who
purchased these shares for rise in anticipa-
ton will be saved from heavy losses. The de-
positors which the Union Generate was OBJ
ligcd to pay interest, exceeded 100000, 0O0
francs. The collapse speedily followed its be-
ginning to buy Its own shares.
DeFreycinet concluded his exposition Of the
policy Of the new cabinet by appealing to the
chamber to give the government their conf
dence. His speech was received with cheers.
Say announced that the Budget presented by
his predecessor would be withdrawn.
Andreax gave notice that he would on Tues
day submit proposal looking to the anello-
ration of the condition OF Paris and Lyons.
The grant of 100000 francs, for military
expenses in Tunis during February and March,
1882, was subsequently vetoed.
The extreme left intend to interrogate the
government with regard to the shelving of the
revision bill
In the senate the governments declaration
of policy was applauded. The senate will pro.
coed to the election of president in place OF
Say on Thursday.
PARIS, Jan. 31.-Bourse generally depressi
ed to-day. Suez canal shares fell off los
francs; Ottaman bank closes 40 francs.
In the chamber of depaties to-day De Frey
cinet read the programme OF the new cabinet.
1t sets forth that that the policy of the gov
eminent will be one above all calculated to
establish peace in the minds of the people at
home and abroad. 1t will be firm and concil-
iatory. Liberty and progress are necessary
for France. The government will apply in a
liberal sense laws relative to the press and
right of public meeting. A bill will be sub
mitted sanctioning the right of association
while maintaining the rights of the state. Re-
vision of the constitution ought to be post
poned until the expiration of the term Of the
present gislature. The judicial, military and
educational reforms intended by the late cabi.
net will be persevered with. The efforts of the
cabinet shall be directed to giving an impetus
to labor. Nations do not live by politics but
by business. The government does not In
tend to propose compulsory conversion OF the
the debt or the purchase of railways by the
state. No efforts will be sp AIRED to arrive at 9
definite solution of the tariff question and fol
the moral and Intellectual improvement OF
the people.
A dispatch from Paris says the bourse was
depressed to-day owing to the deplorable &C
counts which reached the brokers from prov.
incial clients entailing heavier losses on bro
kers than had been expected, but arrange.
ments with the official market, and kept good
saving unforeseen events and settlement will
be regularly overcome. Troops guard at the
Offices of the Union generate at Lyons to pre-
vent the populace sacking them.
PARIS, Feb. NEARLY all the newspapers
comment favorably on the ministerial pro.
gramme except those of the irreconcilable
parties, which blame the ministry for post
ponement of the revision question.
PARIS, Feb. i.-Specie In the Bank OIL
France increased 100000 francs since
Thursday last.
A passage ia the ministerial statement re-
ferring to the financial situation, says: "It
shows nothing that ought to alarm, but il
demands certain precau.ions.' For the present
the state cannot entertain the question of con.
version, etc.