Los Angeles herald., 1892-12-20
REVOLUTION In FRANCE.
THE REPUBLIC ON THE EVE OF
POLITICAL 'UPHEAvAL.
Tho Popular Mind Infamed by the Rev
eiation of Corruption in High
Places-The Panama Story
Not Half Told.

PARIS, Dec. 19.-The political turmoil
IN France does not diminish. The head
OF one of the greatest banking houses in
the world. with headquarters in Paris,
said today to one of the American dele
gates to the Brussels conference: sI
believe we are on the eve of a reyolu-
tion; that few outside Of France have a
conception OF the dangers of the situa-
ton. The temper of the people is not
understood; they cannot or will not
discriminate between the governments
itself and the individuals who repre-
sent it,"
1t is now generally understood that
the popular mind must be further exss.
perated by more revelations OF corrup-
tion in high places. The Panama story
has not half been told. Every day adds
fresh chapter. A feature Of great in
terest to Americans will probably soon
De made known. 1t involves q banker
of worldwide reputation, as well known
in New York as in Paris. He is said to
have been a heavy beneficiary of the
Panama OaHal company, without having
rendered any tangible services.
M. Monchicourt. liquidator OF the
Panama Canal company, was before the
investigating committee again TODAY.
He said in 1888 Reinach received from
the company's treasury 100000 cred
tied to him for advertising" aud $780,
QUO on account of an underwriting
syndicate" Monchicourt asked him
how these enormous sums were used.
whereupon Reinach replied: "You are
very simple" He learned that this
money was given Reinach as the price
OF his assistance in securing the issue Of
the Panama canal lottery bonds. Not q
small part of this assistance consisted
in pushing through parliament the bill
authorizing the loan. Monchicourt
often heard the directors COM
plain OF Reipach's rapacious
demands, and he had witnessed violent
scenes on account of them at meetings.
Several sums, amounting to 10000, 900
francs. had been given persons to in
duce them to boom the Panama loans.
He never heard it expressly stated that
deputies were bought for cash, but there
were many checks payable to s'hearer.''
M. Oberdoerffer received 2 2.c00, ,O00 francs
for merely suggesting the device of the
lottery.
A letter was read from M. Castellon to
the effect that Senator Paul Deves
Se@eAASN AOA . iiiChu u CubCk lOr ZU.UuJ
francs, given by Reinach to establish an
organ in the Panama canal interest.
There are many callers constantly at
the mansion OF Count De Lesseps. His
wife, who represents him, eays they
take the matter philosophicsily, beliey-
ing that time will chow their innocence
Of completely in wrong doing.
Deputy La Marzelle, talking about the
expenditures of the company, said Jour
nalists crowded to the offices constantly
and had to be paid for ceasing their at
tacks on the company. Little sheets
were started against the enterprise, and
some of these opponents were satisfied
to receive 80 francs. Then guarantees
ing eyndicates had to be paid for
receiving subscriptions to loans. Again
there were society leaders who had to be
paid for speaking well of the company
or refraining from attacks upon it.
These persons, Charles De Lesseps told
him, were more exacting than the Jour-
nalists.
It is said 500 or 600 persons in various
stations of life are known to have been
implicated in frauds and bsibe.t taking.
although the government has not proof
sufficient to convict such number.