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Foreign News
February 19, 1796
Gazette Of The United States
Philadelphia, Philadelphia County, Pennsylvania
What is this article about?
French legislature discusses financial plan to circulate 10 million assignats backed by national domains and reimburse surplus paper money. Peace preliminaries reportedly agreed upon, expected in spring.
Clipping
OCR Quality
95%
Excellent
Full Text
Translated from the Courier de la France.
Extract of a letter dated Paulhiac, river of Bordeaux, December 2.
"The new legislature is seriously engaged on the subject of the finances. A plan is talked of for continuing in circulation ten millions of assignats, specially bottomed on the unsold national domains,—and to the purchase of which those assignats are to be assigned. As to the surplus of the paper money, it is to be progressively reimbursed, at the rate of three livres, five sous, eight deniers on the hundred livres.
Peace is now more talked of than ever; and if we may believe those who have opportunities of being well informed on this point, the preliminaries have been already agreed on; we count on the ensuing spring as the epoch of that happy event."
Extract of a letter dated Paulhiac, river of Bordeaux, December 2.
"The new legislature is seriously engaged on the subject of the finances. A plan is talked of for continuing in circulation ten millions of assignats, specially bottomed on the unsold national domains,—and to the purchase of which those assignats are to be assigned. As to the surplus of the paper money, it is to be progressively reimbursed, at the rate of three livres, five sous, eight deniers on the hundred livres.
Peace is now more talked of than ever; and if we may believe those who have opportunities of being well informed on this point, the preliminaries have been already agreed on; we count on the ensuing spring as the epoch of that happy event."
What sub-type of article is it?
Economic
Diplomatic
What keywords are associated?
French Finances
Assignats
Peace Negotiations
National Domains
Where did it happen?
Paulhiac, River Of Bordeaux
Foreign News Details
Primary Location
Paulhiac, River Of Bordeaux
Event Date
December 2
Outcome
plan for 10 million assignats circulation and progressive reimbursement of surplus; peace preliminaries agreed, expected in ensuing spring
Event Details
New legislature engaged on finances with plan for assignats backed by national domains and reimbursement scheme. Peace talks advancing with preliminaries reportedly agreed.