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Depreciation of the Bank paper Ouvrard His great discretion Bonaparte's opinion of the rich Ouvrard's imprisonment His partnership with the King of Spain His connection with Waalenberghe and Desprez Bonaparte's return to Paris after the campaign of Vienna Hasty dismissal of M. Barbe Marbois.
The Minister of the Treasury, dismayed, as well may be supposed, at such a state of things during the Emperor's absence, convoked a Council, at which Joseph Bonaparte presided, and to which Desprez and Wanlerberghe were summoned. Ouvrard being informed of this financial convulsion made all possible haste from Madrid, and on his arrival at Paris sought assistance from Amsterdam.
Under these circumstances it was obviously the interest of Ouvrard to procure payment as soon as possible of the 32,000,000 which he had advanced for Spain to the French Treasury.
Seals, however, were put upon his papers; but on examining them none of the information Bonaparte so much desired to obtain was found. Nevertheless on one point his curiosity was satisfied, for on looking over the documents he found from some of them that Madame Bonaparte had been borrowing money from Ouvrard.
The money was payable in piastres, at the rate of 3 francs and some centimes each, though the piastre was really worth 5 francs 40 centimes. But to recover it at this value it was necessary for M. Ouvrard to go and get the money in Mexico.
Depreciation of the Bank paper Ouvrard His great discretion Bonaparte'e opinion of the rich Ouvrard's imprisonment His partnership with the King of Spain His connection with Waalenberghe and Desprez Bonaparte's return to Paris after the campaign of Vienna Hasty dismissal of M. Barbe Marbois.
Spain had concluded a treaty with France, by which she was bound to pay a subsidy of 72,000,000 francs, and 32,000,000 had become due without any payment being made: It was thought advisable that Ouvrard should be sent to Madrid to obtain a settlement, but he was afraid that his business in Paris would suffer during his absence, and especially the transaction in which he was engaged with Desprez.
After six months had elapsed payment was offered, but on condition that the Government should retain half the profit of the commission! This Ouvrard and Wanlerberghe refused, upon which the Treasury thought it most economical to pay nothing, and the debt remained unsettled.
I had been made acquainted, through the commercial correspondence between Hamburg and Paris, with a great financial operation, planned by M. Ouvrard, in consequence of which he was to obtain piastres from Spanish America at a price much below the real value; and I had learned that he was obliged to support this enterprise by the funds which he and his partners previously employed in victualling the forces.
After six months had elapsed payment was offered, but on condition that the Government should retain half the profit of the commission! This Ouvrard and Wanlerberghe refused, upon which the Treasury thought it most economical to pay nothing, and the debt remained unsettled.
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