Paris, From the Earliest Period to the Present Day; Volume 2Walton, William
History
Paris, From the Earliest Period to the Present Day; Volume 2
Walton, William
Paris (France) -- Description and travel; Paris (France) -- History
The first of the succursales, or branch establishments, was for a long
time in the Rue Bonaparte, the ancient Rue des Petits-Augustins, in the
neighborhood of the École des Beaux-Arts; in 1814, a royal ordinance
authorized this succursale to enlarge itself, and granted to it an old
building and a slice of the garden of the Musée des Monuments français,
on several conditions, one of which was that it should transport to
Père-Lachaise and reconstruct there the tomb of Héloise and Abélard,
which was in the ceded portion of the garden. This was faithfully
carried out, but in 1833 the State changed its mind, the cession was
revoked, and the Mont-de-Piété was obliged to restore the ground and
demolish its building, but was not reimbursed for its outlay on the tomb
of the lovers. At present, the succursales are three in number, in the
Rues de Rennes, Servan, and Capron, and there are bureaux auxiliaires
for very nearly all the letters of the alphabet, by which they are
designated. These latter have no storage-room, and consequently are
unable to deliver an object redeemed until the following day; the
transportation of these pledges through the streets is effected in the
company's own wagons, and with every precaution against loss. In the
auxiliary bureaux, or bureaux of the quarter, no loan is made for a
greater sum than five hundred francs, while in the central establishment
the limit is ten thousand francs, but all the regulations are otherwise
the same; only one style of ticket is used, and this varies in color
according to the year, being white, pink, yellow, green, etc., in
sequence.
By the terms of the present regulations of the establishment, the object
offered as a pledge is appraised by eight official _commissaires-priseurs_
who are responsible for the deficiency in case the object, being
neither renewed nor redeemed, is sold at public auction at less than
their valuation. As may be supposed, they take care to guard against
this eventuality,--the amount to be loaned on each pledge being the same
proportion of its value as that fixed by the ordinance of 1777. The
disappointment of the borrower at the inadequate sum offered him is not
considered; but it has been proposed to establish by law a percentage
nearer the actual market value of the security. The borrower is also
subject to a tax,--of one per cent. on the sum he receives, without
regard to the duration of the loan, and of six per cent.
additional,--three for interest and three for running expenses. This
last is calculated proportionally on the sum received and on the length
of time the pledge remains unredeemed, counted by fortnights; loans of
three, four, and five francs, not remaining unredeemed longer than two
months, are not subject to this six per cent. tax.
Public-domain text, read in full here on John Shaqi.
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