August 1, 1868.

The Economist, 1. August 1868. S. 877–879.
Icon dass Zitate symbolisiert

Paris Correspondence. 30 July. 1868.  Zusatz von Marx.
(Jecker Bonds etc) (Crédit Mobilier)

The famous Jecker bonds, the fons et origo of the Mexican expedition, vehemently discussed in corps législative. One strange revelation made, viz. that after an arrangement had been come to with the Mexican Government, the amount of them should be reduced 60 P.Ct., and that it should be paid at the rate of 1 Mill. piastres a year in Mexico, by means of a public sale of the bonds, the holders by some means obtained a few months later a draft in Paris for 12,600,000 fcs, and that sum was paid by the Mexican Commission of Finance without the knowledge of the French Gvt. This is one of the mysterious things about the Jecker bonds.

At The Imperial Court, im appeal presented by the Credit Mobilier (i.e. its directors) against the judgment of the Tribunal of Commerce, the Advocate General held that the directors, in order to induce the shareholders to double the capital, had made false representations. Z.B. in the transactions with the Immobilière Company, the directors had employed „98,000,000 fcs in the acquisition of building grand, for which there were no buyers, and in constructing houses for which there were no tenants, and had afterwards disbursed 100,000,000 fcs to prevent these errors from being seen.“ In the balance sheets there were no traces of these things; on the contrary, the situation was presented as most favourable. In the balance sheet of 31 December, 1865, f.i., the assets were stated to exceed the liabilities by 70,000,000 fcs, of which 60 Mill. fcs were represented by the capital, the rest by the reserve and realised profits. But in reality the capital was absorbed in the advances to the Immobiliere Company, and could not be recovered, existed in fact only on paper; and the liabilities exceeded 180 Mill. fcs, of which a large part were in deposits and the rest in Bourse and other transactions. Moreover, nothing was said of a sum of 46 Mill. fcs due to the Southern Railway Co., though it was liable to be called for every day. For these and other reasons, the Advocate General held that the shareholders had been wilfully misled when they consented to furnish an additional capital of 60 Mill. fcs, and that consequently the directors must reimburse the sum with interest. Two of the Directors, Michel Chevalier and Renouard de Bussières Bussière , contended, as they did before the Tribunal de Commerce, that they ought to be relieved from liability because they had been kept in ignorance by their colleagues as to the real state of the Co; but the Advocate did not admit their pretension, held another director, the Duc de Galliera, not responsible, not having been present at the meeting at which the doubling of the capital was decided.|


  • Inhaltsverzeichnis von Friedrich Engels
  • 1869 I Heft
  • Money Market. 1868.
  • Money Market Review. Jahrgang 1868.
  • The Economist. Jahrgang 1868. Nachträge
    • The Economist. Jahrgang 1868.
    • Inhaltsregister für 1868 Jahrgang. („Money Market Review“ und „Economist“.)
    • Kommentar zu George Joachim Goschen
      • George J. Goschen: The Theory of the Foreign Exchange. 7th edit. London 1866.
      • Friedrich Ernst Feller, Carl Gustav Odermann: Das Ganze der kaufmännischen Arithmetik
      • Inhalt.