Paris as It Was and as It Is: A Sketch Of The French Capital, Illustrative Of The Effects Of The RevolutionBlagdon, Francis William
History
Paris as It Was and as It Is: A Sketch Of The French Capital, Illustrative Of The Effects Of The Revolution
Blagdon, Francis William
Paris (France) -- Description and travel
For purchasing, no sort of formality is required; but for receiving
interest, or selling, it is necessary to produce a power of attorney.
An established rule is, that the seller always retains his right to
half a year's interest at the succeeding stated period of payment, so
that he who purchases in the interval between March and September, is
entitled to the interest commencing from the 23d of the latter month
only; and he who buys between September and March, receives not his
first dividend till the 23d of the following September.
TIERS PROVISOIRE.
This is the debt, yet unbooked, which is composed of the provisional
claims of the creditors of the emigrants, the contractors, and
various other holders of claims on the government.
The _Tiers Provisoire_ is to be booked before the 1st of Vendémiaire,
year XII of the Republic (23d of September, 1803), and will from that
day bear interest of five per cent; so that, setting aside the danger
of any retrospect in the interval, and that of any other change, it
is at the present price, of from 15 to 50, cheaper than the _Tiers
Consolidé_ to which, in about eighteen months, it will, in every
respect, be assimilated.
BONS DE DEUX TIERS,
Is paper issued for the purpose of reimbursing the reduced two-thirds
of the National Debt, and in the origin rendered applicable to the
purchase of national houses and estates in the French Colonies, since
ordered to be funded at five per cent; so that the price of this
species of paper is entirely subordinate to that of the _Tiers
Consolidé_ and supposing that to be 60 francs per cent, the _Bon de
deux Tiers_ would be worth 3 francs. There are no hopes, however
distant, that the government will ever restore the _Bons de deux
Tiers_ to their original value.
BONS DE TROIS QUARTS,
So called from having been issued for the purpose of reimbursing the
three-fourths of the interest of the fifth and sixth years of the
Republic (1797 to 1798). They are, in all respects, assimilated to
the preceding stock.
COUPONS D'EMPRUNT FORCÉ.
These are the receipts given by the government to the persons who
contributed to the various forced loans. This paper is likewise
assimilated to the two last-mentioned species, with this difference,
that it is generally considered as a less sacred claim, and is
therefore liquidated with greater difficulty. The holders of these
three claims are hastening the liquidation and consolidation of them,
and they are evidently right in so doing.
QUARTS AU NOM ET QUART NUMÉRAIRE.
This paper is thus denominated from its having been issued for the
purpose of reimbursing the fourth of the dividend of the fifth and
sixth years of the Republic (1797 to 1798). It is generally thought
that this very sacred claim on the government will be funded _in
toto_.
RACHATS DE RENTE,
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