- Apportez, messieurs, apportez ..... notre chemin de fer n'est pas seulement une grande idée nationale, c'est encore une oeuvre éminemment philantropique....... d'abord les fondateurs n'ont pas été assez égoistes pour vouloir garder à eux seuls toutes les actions.... de plus ils les ont mis à 500 francs pour que tous les Français puissent placer leurs petites économies dans cette excellente ...

Although Lamartine had tried to have the French railroad system nationalized, the government decided in July 1838 to grant three railroad concessions for the lines: Paris-Le Havre, Paris-Orléans, and Paris-Strasbourg. In 1839, some of the private railroad companies experienced financial problems due to high construction costs. The government agreed to a guarantee for 40 years with an interest by the State of 4%. The Paris-Orléans line became a modern cooperative, where the stakes were divided between private and public shareholders.

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Alternative title:	Charivari Pay up, gentlemen, pay up.... Our railroad is not only a great national idea, more over it is an eminently philanthropic work. The owners have not really been egotists, no, they agreed to reserve shares for themselves. Furthermore, they fixed the price for each share at only 500 Francs in order make them available to all Frenchmen who want to put their small savings into this excellent business. And finally, to avoid all kinds of speculation, the founders will forfeit their right to take 10% of the paid in capital.... they will have the entire amount paid into their account immediately.
Year of publication:	1845
Other Persons:	Donated by: Benjamin A. and Julia M. Trustman, 1959. (contributor)
Publisher:	Paris, 1845
Subject:	Donations \| Moneybags \| Stockholders \| Philanthropists \| Railroads

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Type of publication:	Other
Notes:	Les Philantropes du jour; 30 Delteil. Daumier, 1322
Source:	BASE

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