When was it published?

July 14, 1795 in The New Hampshire Gazette

Foreign News July 14, 1795

The New Hampshire Gazette

Q: What keywords are associated?

French Convention, Finances Report, Assignats, Cedules D Hypotheque, Paper Money, Public Welfare Committee

Portsmouth, Rockingham County, New Hampshire

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What is this article about?

In the French convention on the 3rd or 4th, the committees of public welfare and finance reported on finances, proposing to call in assignats and create new 'Cedules d'Hypotheque' mortgage-backed paper money to restore credit.

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OCR Quality

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Full Text

It appears that in the convention, either on the 3d or 4th, (the account of the proceedings of which is not come to hand) the committee of public welfare and of Finance presented a report on the state of the Finances,and on the means of restoring credit and confidence to them.

The great object of this report is to call in a large quantity of assignats, and to raise the value of such as are not called in: The means of producing this effect are, by the creation of a new species of paper money,in the nature of a mortgage on all lands belonging to the republic.

This paper money .is to be called Cedules d'Hypotheque, which we have translated Bills of Mortgage.

What sub-type of article is it?

Economic Political

What keywords are associated?

French Convention Finances Report Assignats Cedules D Hypotheque Paper Money Public Welfare Committee

Foreign News Details

Event Date

On The 3d Or 4th

Outcome

proposal to call in assignats and create cedules d'hypotheque to restore financial credit and confidence.

Event Details

The committee of public welfare and finance presented a report on the state of finances and means to restore credit, aiming to call in a large quantity of assignats and raise the value of remaining ones through a new mortgage-backed paper money called Cedules d'Hypotheque on republican lands.