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Updated: June 7, 2025
To aid its credit, the receivers of the revenue were directed to take bank notes of the sub-receivers. All payments, also, of one hundred livres and upward were ordered to be made in banknotes. These compulsory measures for a short time gave a false credit to the bank, which proceeded to discount merchants' notes, to lend money on jewels, plate, and other valuables, as well as on mortgages.
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