THE FINANCIAL PANIC IN PARIS.
Paris, March 8. The suicide of M. Rocherau, manager of the Comptoir d'Escompte de Paris, is attributed to the threatened collapse of the copper syndicate, of which he was the principal financier. Thousands of depositors besieged the Comptoir. Two millions sterling were withdrawn. The other banks are. assisting the institution.
The shares of the Comptoir d'Escompte de Paris have fallen heavily. The Bank of France has been requested to advance 30,000,000 francs to meet to-day's demands. The troubles of the company are due to the position of the Imperial Copper Syndicate, which is considered critical.
Paris, March 9. • In connection with the Comptoir d'Escompte the whole assets are given as security to the Bank of France, besides the associated bankers' guarantee of 20,000,000. The crisis affected the shares of the leading banks. It is believed that the Comptoir is deeply involved. The excitement over the copper syndicate has been allayed.
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Bibliographic details
New Zealand Herald, Volume XXVI, Issue 9308, 11 March 1889, Page 5
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155THE FINANCIAL PANIC IN PARIS. New Zealand Herald, Volume XXVI, Issue 9308, 11 March 1889, Page 5
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