When was it published?

April 3, 1784 in The New Hampshire Gazette And General Advertiser

Foreign News April 3, 1784

The New Hampshire Gazette And General Advertiser

Q: What keywords are associated?

France Finance, Farmers General, Caisse Descompte, Public Credit, Bank Debts, New Shares

Portsmouth, Exeter, Rockingham County, New Hampshire

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What is this article about?

Letters from France via Philadelphia report that the Farmers-General lent six million livres to the Caisse d'Escompte, restoring shaken public credit. Bank debts expected to be liquidated soon; plans to add 1000 new shares of 3500 livres each, increasing funds by 35 million livres. Current bills in circulation: 33 million.

Clipping

OCR Quality

98% Excellent

Full Text

By letters from France, via Philadelphia, we are informed that the Farmers-General, with an urbanity and disinterestedness that does them honor, lent six millions of livres to the Caisse d'Escompte, and immediately restored the public credit, which had before that undergone a little tremblement: all the debts of the Bank are likely to be liquidated in a very few weeks: they have resolved to add to their stock 1000 new shares, of 3500 livres each, which will form an increase of the funds of 35 millions of livres--the bills now in circulation amounts to 33 millions.

What sub-type of article is it?

Economic

What keywords are associated?

France Finance Farmers General Caisse Descompte Public Credit Bank Debts New Shares

Where did it happen?

France

Foreign News Details

Primary Location

France

Outcome

restored public credit; bank debts to be liquidated in weeks; added 1000 new shares increasing funds by 35 million livres; bills in circulation 33 million livres.

Event Details

The Farmers-General lent six million livres to the Caisse d'Escompte, restoring public credit after it had trembled; all bank debts likely to be liquidated soon; resolved to add 1000 new shares of 3500 livres each.