“Ivan C. Michels says: ‘The indemnity from France to Germany, after the war of 1870-71, including interest at five per cent. per annum, amounted to $1,060,209,015. After crediting France with the value of certain railroads in Alsace and Lorraine, the amount of indemnity due Germany was $998,172,069, or 4,990,860,349 francs, which was paid by the French government through the Bank of France. At my request the Bank of France furnished to me several years ago the following statement as to the mode of having paid said indemnity: Francs. In bank notes of the Bank of France 125,000,000 In French gold coins 273,003,050 In French silver coins 239,291,875 In German bank notes 105,039,045 Bills of exchange drawn in thalers 2,485,513,729 Bills drawn on Frankfurt in florins 235,128,152 Bills drawn on Hamburg in marksbancs 265,216,990 Bills drawn on Berlin in reichsmarks 79,072,309 Bills drawn on Amsterdam in florins 250,540,821 Bills drawn on Antwerp and Brussels in francs 295,704,546 Bills drawn on London in pounds sterling 637,349,832 ——————- Total francs 4,990,860,349