Editing Jacques Laffitte (section)

===Recovery===
By 1836–37 Laffitte had his affairs sufficiently in order to revive his 1825 plan for the ''Commanditaire''. He created (15 July 1837) the ''Caisse Générale du Commerce et de l'Industrie'' to help provide long-term credit for industrial enterprise.<ref>See Jacques Laffitte, ''Caisse générale du commerce et de l'industrie: statuts et constitution définitive. Assemblée générale des actionnaires'', 2 octobre 1837 (Google books).</ref> The ''commandite'' rather than the joint-stock form of association was employed. The venture was capitalized at 55 million francs. The Bank of France imposed some annoying restrictions (the term ''"Banque"'' could not be employed), but otherwise the venture's approval went forward successfully. Laffitte's principal associates were his brother, Martin Laffitte (1783–1840), and the sugar industrialist François Lebaudy (1799–1863). Was this company the prototype for the great joint-stock investment banks of the second half of the 19th century in France? Historians continue to research and ponder this question.<ref>Hubert Bonin, "Jacques Laffitte banquier d'affaires sans créer de modèle de banque d'affaires," ''Bulletin de la Société des amis du château de Maisons'', No.3 (2008).</ref> Laffitte himself appears to have understood that the ''Caisse Générale'' did not fulfill his dream of a real ''"banque d'affaires."'' He wrote in his Mémoires: "If I was never able to create a great credit establishment like the one I would have wished, I at least built a great banking house that will be useful to Commerce and my family for a long time. That's a manly enough achievement for a 70-year old. Although others after me succeed in creating great credit establishments, for me there will remain the pride in having tried."<ref>Jacques Laffitte, ''Mémoirs, 1767–1844'' (1932), quoted in Monnier, p. 269.</ref>