Democratic Sentinel, Volume 2, Number 10, Rensselaer, Jasper County, 19 April 1878 — The Bank of France. [ARTICLE]

The Bank of France.

Feb. 20 was the seventy-eighth anniversary of the foundation of the Bank of France. Three months after the formation of the Government of the eighteenth Brumaire, several bankers, encouraged by the First Consul, and backed by a Councillor of State, M. Cretet, who subsequently became Director of the Bank of France and Minister of the Interior, held a meeting and decided upon the creation of a bank on the model of the Bank of England. They fixed the capital at $6,000,000. in 30,000 shares, at S2OO each. The Government immediately intrusted to this company its current account, and bought 5,000 shares. The bank has once suspended payment, in 1814, when the allied army entered Paris. Tbe Provisional Governor, the celebrated Lafitte, bricked up the cellars containing bullion and money, burned the notes and broke the plates.