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.

91.  Qu.  Whether the king did not still profess himself responsible for the value of the bank bills, and whether the company were not responsible to his Majesty for their management?

92.  Qu.  Whether sixteen hundred millions of livres, lent to his majesty by the company, was not a sufficient pledge to indemnify the king?

93.  Qu.  Whether the new directors were not prohibited to make any more bills without an act of council?

94.  Qu.  Whether the chests and books of the Banque were not subjected to the joint inspection of a Counsellor of State, and the Prevot des Marchands, assisted by two Echevins, a judge, and a consul, who had power to visit when they would and without warning?

95.  Qu.  Whether in less than two years the actions or shares of the Indian Company (first established for Mississippi, and afterwards increased by the addition of other compares and further? and whether this privileges) did not rise to near 2000 per cent must be ascribed to real advantages of trade, or to mere frenzy?

96.  Qu.  Whether, from first to last, there were not fabricated bank bills, of one kind or other, to the value of more than two thousand and six hundred millions of livres, or one hundred and thirty millions sterling?

97.  Qu.  Whether the credit of the bank did not decline from its union with the Indian Company?

98.  Qu.  Whether, notwithstanding all the above-mentioned extraordinary measures, the bank bills did not still pass at par with gold and silver to May, 1720, when the French king thought fit, by a new act of council, to make a reduction of their value, which proved a fatal blow, the effects whereof, though soon retracted, no subsequent skill or management could ever repair?

99.  Qu.  Whether, what no reason, reflexion, or foresight could do, this simple matter of fact (the most powerful argument with the multitude) did not do at once, to wit, open the eyes of the people?

100.  Qu.  Whether the dealers in that sort of ware had ever troubled their heads with the nature of credit, or the true use and end of banks, but only considered their bills and actions as things, to which the general demand gave a price?

101.  Qu.  Whether the Government was not in great perplexity to contrive expedients for the getting rid of those bank bills, which had been lately multiplied with such an unlimited passion?

102.  Qu.  Whether notes to the value of about ninety millions were not sunk by being paid off in specie, with the cash of the Compagnie des Indes, with that of the bank, and that of the Hotels des Monnoyes?  Whether five hundred and thirty millions were not converted into annuities at the royal treasury?  Whether several hundred millions more in bank bills were not extinguished and replaced by annuities on the City of Paris, on taxes throughout the provinces, &c., &c?

103.  Qu.  Whether, after all other shifts, the last and grand resource for exhausting that ocean, was not the erecting of a compte en banc in several towns of France?

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Querist from Project Gutenberg. Public domain.