Proudhon had not abandoned for a single moment his project of a Bank of Exchange, which was to operate without capital with a sufficient number of merchants and manufacturers for adherents. This bank, which he then called the Bank of the People, and around which he wished to gather the numerous working-people's associations which had been formed since the 24th of February, 1848, had already obtained a certain number of subscribers and adherents, the latter to the number of thirty-seven thousand. It was about to commence operations, when Proudhon's sentence forced him to choose between imprisonment and exile. He did not hesitate to abandon his project and return the money to the subscribers. He explained the motives which led him to this decision in an article in "Le Peuple." Having fled to Belgium, he remained there but a few days, going thence to Paris, under an assumed name, to conceal himself in a house in the Rue de Chabrol. From his hiding-place he sent articles almost every day, signed and unsigned, to "Le Peuple." In the evening, dressed in a blouse, he went to some secluded spot to take the air. Soon, emboldened by habit, he risked an evening promenade upon the Boulevards, and afterwards carried his imprudence so far as to take a stroll by daylight in the neighborhood of the Gare du Nord. It was not long before he was recognized by the police, who arrested him on the 6th of June, 1849, in the Rue du Faubourg-Poissonniere. Taken to the office of the prefect of police, then to Sainte-Pelagie, he was in the Conciergerie on the day of the 13th of June, 1849, which ended with the violent suppression of "Le Peuple." He then began to write the "Confessions of a Revolutionist," published towards the end of the year. He had been again transferred to Sainte-Pelagie, when he married, in December, 1849, Mlle. Euphrasie Piegard, a young working girl whose hand he had requested in 1847. Madame Proudhon bore him four daughters, of whom but two, Catherine and Stephanie, survived their father. Stephanie died in 1873. In October, 1849, "Le Peuple" was replaced by a new journal, "La Voix du Peuple," which Proudhon edited from his prison cell. In it were published his discussions with Pierre Leroux and Bastiat. The political articles which he sent to "La Voix du Peuple" so displeased the government finally, that it transferred him to Doullens, where he was secretly confined for some time. Afterwards taken back to Paris, to appear before the assizes of the Seine in reference to an article in "La Voix du Peuple," he was defended by M. Cremieux and acquitted. From the Conciergerie he went again to Sainte-Pelagie, where he ended his three years in prison on the 6th of June, 1852. "La Voix du Peuple," suppressed before the promulgation of the law of the 31st of May, had been replaced by a weekly sheet, "Le Peuple" of 1850. Established by the aid of the principal members of the Mountain, this journal soon met with the fate of its predecessors.