Querist eBook

This eBook from the Gutenberg Project consists of approximately 96 pages of information about Querist.

Querist eBook

This eBook from the Gutenberg Project consists of approximately 96 pages of information about Querist.

78.  Qu.  Whether in the beginning of the year 1719 the French King did not convert the general bank of France into a Banque Royale, having himself purchased the stock of the company and taken it into his own hands, and appointed the Duke of Orleans chief manager thereof?

79.  Qu.  Whether from that time, all matters relating to the bank were not transacted in the name, and by the sole authority, of the king?

80.  Qu.  Whether his Majesty did not undertake to receive and keep the cash of all particular persons, subjects, or foreigners, in his said Royale Banque, without being paid for that trouble?  And whether it was not declared, that such cash should not be liable to seizure on any pretext, not even on the king’s own account?

81.  Qu.  Whether the treasurer alone did not sign all the bills, receive all the stock paid into the bank, and keep account of all the in-goings and out-goings?

82.  Qu.  Whether there were not three registers for the enregistering of the bills kept in the Banque Royale, one by the inspector, another by the controller, and a third by the treasurer?

83.  Qu.  Whether there was not also a fourth register, containing the profits of the bank, which was visited, at least once a week, by the inspector and controller?

84.  Qu.  Whether, beside the general bureau or compter in the city of Paris, there were not also appointed five more in the towns of Lyons, Tours, Rochelle, Orleans, and Amiens, each whereof was provided with two chests, one of specie for discharging bills at sight, and another of bank bills to be issued as there should be demand?

85.  Qu.  Whether, in the above mentioned towns, it was not prohibited to make payments in silver, exceeding the sum of six hundred livres?

86.  Qu.  Whether all creditors were not empowered to demand payment in bank bills instead of specie?

87.  Qu.  Whether, in a short compass of time, this bank did not undergo many new changes and regulations by several successive acts of council?

88.  Qu.  Whether the untimely, repeated, and boundless fabrication of bills did not precipitate the ruin of this bank?

89.  Qu.  Whether it be not true, that before the end of July, 1719, they had fabricated four hundred millions of livres in bank-notes, to which they added the sum of one hundred and twenty millions more on the twelfth of September following, also the same sum of one hundred and twenty millions on the twenty-fourth of 3 October, and again on the twenty-ninth of December, in the same year, the farther sum of three hundred and sixty millions, making the whole, from an original stock of six millions, mount, within the compass of one year, to a thousand millions of livres?

90.  Qu.  Whether on the twenty-eighth of February, 1720, the king did not make an union of the bank with the united company of the East and West Indies, which from that time had the administration and profits of the Banque Royale?

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Querist from Project Gutenberg. Public domain.