Evening star. [volume] (Washington, D.C.) 1854-1972, 1891-03-12
A BANK IN TROUBLE.
Relieving a French House of Its En-
barrassment With a Loan.
WRECKS ON THE ENGLISH COAST
Serious Illness Of Dr.. Windhorst
the German Statesman.
JUSTICE STEPHENS SANITY
The societe des Depots de Complies Courants
I'm Dimculty.

The Societe des Depots de Complies Courants
I'm Dimculty.
PARIS, March 12.-The Societe des Depots de
Complies Courants of this city is in a critical
position. The societe or bank referred to
suffered acutely during the recent financial
crisis in London and Buenos Ayres. The societe
at the present time has only Is 600 900 francs
on hand with which TO meet claims amounting
to 6s. 600 francs. After a long consultation
between the societies directors and its executive
officials il was decided to ask the government
to come to the assistance Of the imperiled
financial institution. Consequently NJ Donon,
managing director. called upon NJ. Rouyier, the
minister of finance, and plainly stated the whole
case TO him. Finally NJ. Donon asked NJ.
Rouvler to advance the societe the sum of
50, ,009, 900 francs
After making some inquiries as TO the fnan-
clal position of the societe, NJ. Rouyier placed
himself In communication with the directors of
the Bank OF France, and after giving them all
the information which had been furnished to
the ministry of finance by NJ. Donon. asked
the Bank of France to come TO the assistance of
the societe. The Bank of France directors.
after some deliberation, said that they felt CON-
PEELED to refuse TO grant the assistance asked for
NJ. Rouvier then informed Nj. Donon of the
failure of his application TO the Bank of France,
and with the permission Of the director of the
Societe des Depots de Complies Courants,
meeting of the directors of the lead
ing financial houses of Paris The
meeting of financiers who responded TO the
call of the minister of finance we're twice in
session yesterday in an endeavor TO bring about
some arrangement. similar TO that in which the
case OF the Barring Brothers a Co. Of London
saved that house from utter collapse That
there are difficulties in the way of accomplish
ing the object in view is evident from the fact
that the tinanciers failed TO come to an under
standing at their first meeting. The result Of
their second consultation is as yet not given TO
the public.
In connection with the troubles in which the
societe finds itself it is stated in financial cir
cles here that the frs reports of the societe
being IN difhculties were promoted by bear
operators on the Paris bourse. and that when
these rumors were first circulated the position
of the societe or bank financially sound
At l2:J5 pm. today the societe was paving
freely and meeting all the demands upon il by
the run which naturally set in when the alarm
LIST reports became freely circulated.
THE BANK OF FRANCES LOAN.
The convention Of financiers called together
by N. Rouvier, the minister Of finance. with a
view Of bringing about some arrangement
which will enable the societe to tide over its
difficulties resulted in the Bank Of France
agreeing to advance most of the money re-
quired. The shares of the societe have fallen
to 80 francs, decline of l3O francs in two
days.
The following is the basis of settlement de-
cided upon: The Bank of France advances 60 :
900 francs to the societe, which sum is
guaranteed by the bills of the societe, and the
societe calls for 375 francs per share from its
shareholders and the financial houses. Jointly,
guaranteed the sum of 5000 900 francs to the
Bank of France. The assets OF the societe will
be assigned for the payment of the advances.
1t is understood that the liabilities Of the
societe are under 60, ,0OO. 900 francs
LONDON, March 12.-Ihe stock exchange Of
this city at this hour. 1l:30 AM. is in state Of
uneasiness and is depressed at the reports which
have reached here from Paris in regard to the
precarious condition of the Societe des Depots
de Complies Courant and the result Of the de-
iberations of the grounp of French fnanciers,
who have been asked by NJ. Rouvier to come to
the assistance of the societe is anxiously
awaited in financial circles here