Blackwood's Edinburgh Magazine, Volume 63, No. 391, May, 1848Various
General
Blackwood's Edinburgh Magazine, Volume 63, No. 391, May, 1848
Various
England -- Periodicals; Scotland -- Periodicals
Fr. Ct. Fr. Ct.
1825 76 35 July 23 1817 69 0 July 29
1829 86 16 Dec. 5 1821 90 60 Nov. 2
1830 85 35 Jan. 18 1822 95 0 Sept. 5
1831 70 50 Dec. 2 1824 104 80 Feb. 5
1834 85 50 Nov. 30 1828 109 0 Sept. 4
1840 86 65 July 22 1829 110 65 Mar. 4
1844 85 65 Dec. 22 1831 98 30 Dec. 15
1845 86 40 May 20 1835 110 36 Feb. 4
1846 85 0 Feb. 28 1837 111 0 Sept. 5
1847 80 30 Jan. 2 1841 117 5 Sept. 4
1848 47 0 Mar. 15 1844 126 30 Mar. 4
1848 41 27 Mar. 28 1847 119 40 Feb. 22
1848 35 67 April 1 1848 116 75 Feb. 22
1848 34 64 April 5 1848 97 50 {fell to 80 Mar. 7.}
1848 33 10 April 14 1848 65 80 April 2
1848 51 0 April 12
_La Presse_, March 12, and _Times_ since that date.
The value of railway stock and bank shares has declined in a still
more alarming proportion. Bank shares, which in 1824 sold for 3400
francs, are now selling at 900 francs--or little more than A FOURTH of
their former value. Railway stock is unsaleable, being marked out for
immediate confiscation. Taking one kind of stock with another, it may
safely be affirmed that TWO-THIRDS _of the capital of France has
perished since the Revolution, in the short space of seven weeks_. The
fruit of thirty-three years' peace, hard labour, and penurious saving,
has disappeared in seven weeks of anarchical transports!! Of course,
the means of employing the people have declined in the same
proportion; for where credit is annihilated, how is industry to be
maintained, before its produce comes in, but by realised capital? How
is its produce to be disposed of if two-thirds of the classes
possessed of property have been rendered bankrupt? Already this
difficulty has been experienced in France. The Paris papers of 13th
April announce that seventy-five thousand persons will be employed at
the "ateliers Nationaux," or public workshops, at 30 sous a-day, in
the end of April--at a cost of 112,500 francs a-day, or 3,375,000
francs, (£150,000) a-month. This is in addition to an armed force of
above 100,000 men, paid for the most part two francs a-day for doing
nothing. No exchequer in the world can stand such a strain; far less
that of a bankrupt and revolutionised country like France. It is no
wonder that the French funds are down at 32, and an issue of
assignats--in other words, the open and avowed destruction of all
realised property--is seriously contemplated.
Public-domain text, read in full here on John Shaqi.
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