Paris as It Was and as It Is: A Sketch Of The French Capital, Illustrative Of The Effects Of The RevolutionBlagdon, Francis William
History
Paris as It Was and as It Is: A Sketch Of The French Capital, Illustrative Of The Effects Of The Revolution
Blagdon, Francis William
Paris (France) -- Description and travel
1. These last two are, as far as any commercial establishment can be,
independent of the government, and are more so than the _Banque de
France_, as the _actions_ or shares are not considered as being a
public fund.
2. The _Actions de la Caisse de Commerce_ limited in number to two
thousand four hundred, originally cost 5000 francs, and are now worth
6000. The holder of each _action_ moreover, signs circulating notes
to the amount of five thousand francs, which form the paper currency
of the Bank, and for the payment of which the said holder would be
responsible, were the Bank to stop payment.
3. The _Actions du Comptoir Commercial_ are still issued by the
administrators of the establishment. The number of _actions_ is not
as yet limited: the price of each _action_ is fifteen hundred francs
(_circa_ £60 sterling), and the plan and advantages are almost
entirely similar to those of the two last-mentioned institutions.
The _Banque de France_ the _Caisse de Commerce_, and the _Comptoir
Commercial_, discount three times a week. The first, the paper of the
banking-houses and the principal commercial houses holding
bank-stock; the second, the paper of the wholesale merchants of every
class; and the third, the paper of retailers of all descriptions; and
in a circulation which amounts to 100 millions of francs (_circa_ 4
millions sterling) per month, there have not, it is said, been seen,
in the course of the last month, protests to the amount of 20,000
francs.
BONS DE L'AN VII ET DE L'AN VIII.
Is a denomination applied to paper, issued for the purpose of paying
the dividend of the debt during the seventh and eighth years of the
Republic.
These _Bons_ are no further deserving of notice than as they still
form a part of the floating debt, and are an article of the supposed
liquidation at the conclusion of the present summary. It is therefore
unnecessary to say more of them.
ARRÉRAGES DES ANNÉES V ET VI.
These are the arrears due to such holders of stock as, during the
fifth and sixth years of the Republic, had not their dividend paid in
_Bons de trois Quarts_ and _Quart Numéraire_, mentioned in Art. IV
and VI of this sketch. I also notice them as forming an essential
part of the above-mentioned supposed liquidation, at the end of the
sketch, and shall only add that it is the general opinion that they
will be funded.
To the preceding principal investments and claims on the government,
might be added the following:
_Coupes de Bois.
Cédules Hypothécaires.
Rescriptions de Domaines Nationaux.
Actions de la Caisse des Rentiers.
Actions des Indes.
Bons de Moines et Réligieuses.
Obligations de Reçeveur._
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