New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-05-24
DIR. STEPHEN II. TYNG'S VISIT
HE TELLS OF THE CONDITION OF AT
FAIRS IN FRANCE.
AMERICAN CORPORATIONS WHICH HAVE GAINED
\ FoOTHOLD THEREIN CAslMIR PERIEk
,.,>-rr,,TL, FOR PRESIDENT.

\ FOOTHOLD THERE-M CAslMlR PEiNEK
AS A CANDIDATE FOR PRESIDENT
Dr s;epben H. Tying has just returned from
Paris on the steamer La Touraine. to attend the
opening OF the new but ding and offices OF me
Mutual Reserve Fund Life Association. or which
+ r. Harper is president. well as to be present
n the weddings Of his two sons The Tribune re-
porter found the Doctor in good heath ana IN MS
o.d-,ime spirits and vlgor After his ong absence ne
s.erns - have as many and warm friends as ne
had before he went abroad. and the reporter had
difficulty In securing an interview. he was So" a.
the Union League Club. where he IS staying. In
referring 10 the recent political change IN France
be SAID
n c,s,mir Perier. the former Presiden, OF the
u c,hi,e, who has lust resigned IS q con-
s4rvative Republican. with arstocraic TaalionS
When he was called TO The position by PFesi1eh'
Carnot It was supposed that he won'a ren'"'" J"
Office until the election OF a new President mex
fail II IS an open secret that be- aspreS 70 ne '"e
successor Of President Carnot and 1t Is currently
sail tina, there was an UNDERSTANDING between FrrS
dent Carnot and himself. which was the conJliioh
- this formation OF the Ministry. that NJ
csrno, should not seek the denomination as fres'-
don. hut should favor the candidacy % NJ 'aSlhlf
Percr The recent occurrence. therefore, ih''o''.S
q disruption Of these personal agreements ana NJ
Casinir Perier becomes the most proml'". "''
i,,.ocale competitor with NJ. Clrnot for the Pres
dency."
.rrhoro is in France no such industrial! crisis as
,b,, through which the United states appears -
be passing" Dr. Tying wen; On. "Sirl-.s are 80
frooiar. than ever before. and money IS p."h'i"'
and cheao The recent municipa, per cent oan was
subscribed forty times over The ctr'hcA'es "''0"
Ver. divided into fractions - SATISFY 'h' S'"'
,,,~,,ssrs were a very considerable portion u the
loan placed Thousands Of working peop.e anu
domestic servants remained In .ine before ihe 'le'
fif. vyff night UfNlf l't tI.' .'AF
~ opauine the subscriptions. IT'D" 4tikr SI".'''
lions by bankers consequently "tIr >.''' ~ ,s,
$50 The c,rtiicaies were selling at prrn.in
81 -, i,rn fr the privilege OF Subscribing tor So
This fact is Illustration OF w r.,.,.,, ~
~ a-f tha 1hs5lute cOnnlruca of tr"ncHn'u
- All shades Of political faith IN the security "'''
stabfitv o. their institutions"
'..How are American securities and institutions re-
gamIi ~ bsen great irisposition except among
n f,rei,.n e,cm@n; To- leal In American stock
ana hInGs The recent decline ia their v1-ue par
S9e sh c1T.f iIr cniVetod by several
banking houses 20 make si.h llN'-'.I 81.
French press has no. been slow - mag" CONF, IS,
i've tabies Of Inc great variations .n me Nt,n.
thos, securities. and for the 'n'h..- W H.. 49,
Importance can be hoped from investors D" '"'. ''
but is 1t not true thu. some American '1, w
lions are gaining strong financial P''''oN ''
'~The standard on Company has inaus1' 9'. ..,. a
system 81 relneres and distribution OF ~. "i,a
io9cal c,mnanics The result has been. alihoNel
their operations have only recently bcs'n; r,
large dimlnuton in the retail price OF ilt!llh -
ing oil But this has been acconpSheI 10y W.
nfroduction OF American capital. ana not % ans
appeal TO French capitalists me sainF INN" -, ~
he said ~ other Industries which. conc lrt'I W.
French names are really American institutions. ~
our great American insurance I,,,.,,.i -.
The Mutual Reserve, tho Equitable, Mn'1al -, -.
and New-York LIFE. are doing arg , n',, ~
nreci9fad by the Investing public Attempts hate
hc4n made a. different times sine" ny r'@,.tt-' ,
" s 49, ,esre in Paris 20 apply me princip" ~
nrotcctioo 10 French insurance companies by FcNa-
iious projects Of laws None ~ mo-. 49, ID,
ibr present status OF reciprocity with reguai'oh-
IS to supervision founded upon ne monN ~ a ,n
the Board of Trade OF England The repressye ana n
.i.a, legislation OF Switzerland. Germany anI
-. hoe a., Inherent Zines been attempted. bat
has not been approved by popular senuIneh,, T., 1900.
7. ga Dr. Tvng's intention 20 return 70 ms pV'
- service for the company he represents on La
champagne which sails on June .