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Updated: May 4, 2025
He endeavoured to support the credit of his government by issuing mint-bills, in imitation of the bank-notes of England; but, notwithstanding all his precautions, they passed at a discount of three-and-fifty per cent. The lands lay uncultivated; the manufactures could be no longer carried on; and the subjects perished with famine. The allies, on the other hand, seemed to prosper in every quarter.
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