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The Kentucky Gazette
Lexington, Fayette County, Kentucky
What is this article about?
The French Revolution's consequences have devastated the Pope's finances, increasing state debts by eight million scudi and causing paper money to lose 12% value. To avert bankruptcy, proposals include suppressing four convents, selling excess church plate, and imposing taxes on equipages and servants. A congregation of Cardinals will examine recovery plans.
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The French revolution and its consequences, have had so terrible an influence upon the finances of the Pope, that the debts of the state have increased eight millions scudi, and that paper money actually loses twelve per cent. To prevent a bankruptcy, it is proposed to suppress four convents, to sell the superfluous plate of the churches, and to lay an impost on equipages and domestics. A congregation of Cardinals, has been charged to examine the different plans proposed to government, for the re-establishment of the finances.
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Foreign News Details
Primary Location
Papal States
Event Date
August 29
Key Persons
Outcome
debts increased by eight million scudi; paper money loses twelve per cent. proposals: suppress four convents, sell superfluous church plate, lay impost on equipages and domestics. congregation of cardinals to examine financial re-establishment plans.
Event Details
The French revolution and its consequences have had a terrible influence upon the finances of the Pope, increasing state debts by eight million scudi and causing paper money to lose twelve per cent. To prevent bankruptcy, proposals include suppressing four convents, selling superfluous plate of the churches, and laying an impost on equipages and domestics. A congregation of Cardinals has been charged to examine plans for re-establishing the finances.