Peninsula enterprise. [volume] (Accomac, Va.) 1881-1965, 1895-06-29
LA HAuTE BANQUE.
Tho Unique Aristocracy of Finance In the
Capital of France.


Capital of France.
With Edmond Joubert, who died re
comfy, there disappeared ono of tho
most conspicuous figures of Partisan
life, and in particular of that phase
thereof which is known by the name OF
In haute banQue. The latter constitutes
q 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 us tQvely'
mondaine, endeavoring to steer GEAR OF
every maneuver, Of every enterprise that
might i'll any way tarnish its falr name.
1t is composed mainly of Protestants and
Hebrews, who may be said to constitute
sort of aristocracy Of finance, their Ia
theirs, and i'll many cases their grandfa-
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 Ii haute banqne, the IN
teryention 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. But the Cahen d An
yers, the Bambergers, the Stems, the
Hottingers, the Andres, the Heines and
the Pereires are almost equally impor-
tant, or at any rate imagine themselves
to be so, and steer clear OF all MINOR
fuanciers and bankers much III 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 a mixture OF conde-
scension and disdain. Many of these
families have intermarried with the old
French nobility, tho 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
" family of Faucinse-Lucigny, while
the future Due de Ia 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
dc Valentinois, after having borne that
of Duchess de Richelieu, while another
lady of the Heine family is the Duchess
de Rivoh, her first husband having been
the Prince de Ia Moskowa, Due d'El-
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, i'll one word,
success. So too, i'll this exclusive clique
of Ia haute finance Paris, are there a
certain number of tinanciers, self made,
who may be said to have won their way
up from the very ranks. Among them
are NJ Germain, the governor OF the
Credit Lyonnais; Nj. Denormandie OF
the Compton d 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 ut the age of
l6 as a clerk and Office boy TO the stock
broker Martini. He quickly Won his
way, and from the year 1867 has been
mixed up more or less prominently in
ali the great financial undertakings that
have fioated 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
the payment of Frances war indemnity
to Germany. The only blot on NJ. Jou-
bert's career, or rather the only thing
that was ever exploited by his enemies
with the object of injuring his prestige,
was the story to the effect that he had
invoked the assistance of the ladies Of
the corps de ballet and means of SIM
liar character to obtain from Khedive
Ismail and the Egyptian government
certain financial concessions and advan-
tageous terms in connection with the
floating of certain Egyptian loans. This
story may or may not have been true,
but it pursued him to the end of his
busy career and was frequently invoked
in order to support the argument that he
was unworthy to figure in the ranks Of
10 haute banque.-Paris Letter i'll st.
Louis Globe-Democrat.