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QuoteThese papers were traded on the Paris stock exchange. So it was important for a banking business in the provinces. To find out about course changes as quickly as possible - a wide variety of resources were used for this purpose. Because there was no telephone or telegraph yet. Contracts were concluded with the windmillers, who at that time lived in large numbers on the flat land. that by opening or closing one of the mill windows they could pass on a message to the next mill, and in this way a message could travel across the country much faster than, say, the fastest horse mail. But the millers were often slow. They forgot to close the windows. So false news got through and the bankers suffered the loss. Man. So it was important to find secure and even faster communication: in 1834 there was now the so-called Télegraphie Aérien between Paris and Bordeaux, a signaling system that the Chappe brothers had invented.
And on the high masts there were transverse boards attached that conveyed a certain meaning. From height to height, officials observed the positions of the crossbeams with telescopes and adjusted their own apparatus accordingly, which was then read again from the next height. The lines were used exclusively to transmit state telegrams. A private person was not allowed to use them. The Blancs now bribed several of these officials to smuggle an "H" French (bull market) or a "B" for (bear market) into any telegram as well as the price of the Paris securities
This trick worked perfectly for years. Although the forwarding officer was sometimes wrong, he also omitted to do so now and then
smuggling in the letters, but in general the two brothers were able to make considerable profits from their secret until one day one of the bribed officials felt remorseful and revealed everything. The result: an indictment by the public prosecutor against the two bankers. The court hearing was a sensation of the first order. The brothers defended themselves by saying that basically no one had been harmed and that no one had been deceived with false news. Obtaining the correct courses in itself was exceptional. but in the end the whole art of every banker is not done fraudulently. One could not infer a case of fraud from this, especially since Parisian banks also regularly used their own pigeon posts for the same purpose. The court agreed with this argument. Regardless, approximately 35 cases remained. However, these misconducts were judged to be quite minor by simply burdening the two accused with the legal costs. No actual punishment was imposed. The Blanc brothers escaped with a black eye.
They had saved their wealth of perhaps 200,000 francs and could now continue to operate with it. However, this was no longer possible in Bordeaux because the process had raised too much dust in the provincial town. Even before the unpleasant court hearing, the two Blancs had often been to Paris. They were passionate players and there were many public and private circles in Paris. In which the games were played long and at a very high level every evening.
Quote9 Mai 1943
Pariser Zeitung
Seite 8 — Nr. 127
Zwei.Bankiers aus Bordeaux Gründen EUROPAS BERÜHMTE SPIELBANKEN
Ein Tatsachenbericht von
— Dr. Hans STEEN —
(translate)
May 9, 1943
Paris newspaper
Page 8 — No. 127
Two bankers from Bordeaux FOUNDED EUROPE'S FAMOUS GAME BANKS
A factual report from
—Dr. Hans STEEN —
Red and Black and Blanc Win.
ON March 11, 1837, Bordeaux had a sensation. which was lively discussed throughout the city.
The two brothers Louis and Francois Blanc were accused of using fraudulent means in stock market speculation to have gained profit. When the good citizens from Bordeaux go back and forth about the expected court hearings batted. This happened less because of the two defendants, but rather because no one could have a clear idea why the two bankers had used unfair means in their speculations. The Blancs had been known for a long time. It was known that the brothers' father had been a small tax collector. and that a stocking maker and a respectable shoemaker were godfathers at the twins' baptism. So they were people from humble beginnings. It seemed all the more respectable. that they had worked their way up very quickly and were conducting their banking business in Bordeaux mainly with legitimate speculation on the rise or fall of French pensions.
QuoteNumbers should be seen as particles with their characteristics which allow to form groupings that are easier to observe and handle than the numbers themselves as a unit.