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.
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