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Updated: May 2, 2025
France pays twenty-five millions of francs for spoliations committed thirty years ago; Naples pays two millions one hundred thousand ducats for wrongs of the same date; Denmark pays six hundred and fifty thousand rix-dollars for wrongs done a quarter of a century ago; Spain engages to pay twelve millions of reals vellon for injuries of fifteen years' date; and Portugal, the last in the list of former aggressors, admits her liability and only waits the adjustment of details to close her account by adequate indemnity.
Both of these coins are subdivided into halves and quarter-pieces, and the dollar is divided into eight reals, one of which is equal to two and a half reals of the vellon money current in the Peninsula; and the Manilla real is represented by a copper currency of seventeen cuartos.
If the value of the maravedi had remained unchanged in Spain down to the present day, it would be easy to reduce a sum of the time of Ferdinand and Isabella into a correspondent sum of current money; but by the successive depreciations of the coin of Vellon, or mixed metals, issued since that period, the real and maravedi of Vellon, which had replaced the ancient currency, were reduced, towards the year 1700, to about a third of the old real and maravedi, now known as the real and maravedi of silver.
France pays twenty-five millions of francs for spoliations committed thirty years ago; Naples pays two millions one hundred thousand ducats for wrongs of the same date; Denmark pays six hundred and fifty thousand rix-dollars for wrongs done a quarter of a century ago; Spain engages to pay twelve millions of reals vellon for injuries of fifteen years' date; and Portugal, the last in the list of former aggressors, admits her liability and only waits the adjustment of details to close her account by adequate indemnity.
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