The united opinion. [volume] (Bradford, Vt.) 1881-1970, 1895-06-28
LA HAuTE RANQuE.
The Unique Aristocracy of Finance In tho
Capital of France.

|
Capital of France.
| With Edmond Joubert, who died re-
Gently there disappeared one Of the
most conspicuous figures Of Partisan
life, and in particular of that phase
thereof which is known by the name Of
la haute banque. The latter constitutes
o caste that is we'll nigh unique, since
there is nothing of the kind that can be
compared thereto in any other European
capital 1t is as ultra exclusive as any
blue blooded aristocracy and as careful
OF its reputation and prestige as lovely
mondaine, endeavoring to steer clear of
every maneuver, of every enterprise that
might III any way tarnish its fair name.
1t is composed mainly of Protestants and
Hebrews, who may be said to constitute
sort Of aristocracy of finance, their ia
theirs, and in many cases their GRANDPA
theirs, having been accustomed to han
ding millions and to undertake the plac-
Ing OF national and foreign government
loans. Their clients, in fact, are crown
ed heads and states.
Chief among la haute banque, the in
PREVENTION and good will of which is
sought whenever it becomes necessary
to place upon the markets of the old
world any government loan are, of course
the Rothschilds. ENt the Cahen dan
vers, the Bambergers, the Stems, the
Hottingers, the Andres, the Heines and
the PerelreS are almost equally impor-
tant or at any rate imagine themselves
to be so, and steer clear of all minor
fnanciers and bankers much in the same
way that an Austrian prince of ancient
lineage would behave toward newly
created baron or even petty tradesman-
that is to say, with mixture of conde-
scension and disdain. Many of these
families have intermarried with the old
French nobility, the Rothschilds being
matrimonially allied to the ducal house
OF Cranmont, the Andres to that of
Montmorency and of Talleyrand- Peri
CORD, the Cahen d 'Anvers to the prince
ly family of Faucinge -Lucigny, while
the future Due de la Tremoille is we'd
ded to daughter of the banker Pillet-
Will One of the Heine girls is the
reigning Princess of Monaco and bearer
of the ancient French title of Duchess
de Valentinois, after haying borne that
of Duchess de Richelieu, while another
lady of the Heine family is the Duchess
de Rlvoli, her first husband having been
the Prince de la Moskowa, Due del
chingen.
AS in the case of every aristocracy, no
matter with what jealousy the doors
thereto are guarded from intrusion by
parvenus, there are exceptions made in
favor of certain useful and clever peo-
pie who secure entrance by sheer force
OF intellect, energy, and, in one word,
success. So, too, in this exclusive clique
of la haute finance a Paris, are there a
certain number of financiers, self made,
who may be said to have won their way
up from the very ranks. Among them
are NJ German, the governor of the
Credit Lyonnais; M. Denormandie Of
the Compton Escompe, NJ. Christophle
of the Credit Foncier, NJ. Magnin, gov
ernor of the Bank of France, and last,
but not least, the late NJ. Joubert, who
started his financial career at the age of
16 as clerk and Office boy to the stock
broker Martini. He quickly won his
way, uIlu lIOLu Uu6 year 1OOi LdS Db6u
mixed up more or less prominently in
all the great financial undertakings that
have f1oated upon the Partisan market
since then, receiving from President
Theirs the rosette of the Legion of Hon
Or for the assistance which he had given
10 the government in connection with
jhe payment of Frances war indemnity
10 Germany. The only blot on M. Jou-
oert's career, or rather the only thing
hat was ever exploited by his enemies
With the object of injuring his prestige,
vas the story to the effect that he had
INVOKED the assistance of the ladies of
he corps de ballet and means of a sim
lar character to obtain from Khedive
small and the Egyptian government
certain financial concessions and advan-
ageous terms in connection with the
loating of certain Egyptian loans. This
tory may or may not have been true,
'ut it pursued him to the end of his
usy career and was frequently invoked
n order to support the argument that he
vas unworthy to figure in the ranks of
q haute banque. Paris Letter in St.
Iouis Globe Democrat.