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the theatres, but very rarely have company at home or pay visits, except on the New Year, and in the Carnival they give one ball, and go to several others given by their relations; this description alludes to what may be termed the respectable class of shopkeepers. They have one means of communication with each other, of which they avail themselves for the advantages of business or for the purpose of recreation, if they choose, which consists of what they term _Cercles_, much the same as we should call clubs; they are establishments composed of perhaps 150 members, more or less, who meet in a suite of apartments fitted up for the purpose, and certainly most elegantly, both as regards the decoration of the rooms and the furniture they contain. A clerk is employed, whose business it is to collect information as to the different merchants who arrive at Paris from the various parts of France and other countries; they find out the particular branch in which he deals, and that member whose business it is to vend the commodity likely to be demanded, sends him a programme of his goods and his terms. If any one receive a commission from any country which is not in his department, he proclaims it to the Cercle, and gives a fellow-member the benefit of the order; thus they play into each other's hands and greatly promote their mutual interests. Billiard-tables are fitted up for the amusement of the members, who also occupy themselves with other games, whilst refreshments are to be had the same as in a coffee-house. There are many of these establishments in Paris, which afford great facilities for the promotion of business. Although the extraordinary increase of trade in Paris is almost incredible, yet the bankrupts are more numerous than they were formerly; one reason is, on account of the number of persons in each business having so much increased, and the immense expenses which they incur in the embellishment of their shops to try and outvie each other. A person taking a place in the Palais Royal about three years since, first gave the occupier 40,000 francs (1,600_l._) to quit, and then expended 110,000 francs (4,400_l._) in fitting it up as a restaurateur's; the rent being high in proportion, the success was not commensurate with the expenditure and the speculation failed. This is one of the many instances which have recently occurred at Paris, causing bankruptcy; yet some persons have laid out more than double the amount in the
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