sketch of the way in which these exchanges
of _assignats_ for valuable property went on at periods of the rapid
depreciation of paper, see Challamel, "Les francais sous la
Revolution," p. 309; also Say, "Economic Politique."]

[Footnote 65: For a very complete table of the depreciation from day to
day, see "Supplement to the Moniteur" of October 2, 1797; also Caron, as
above. For the market prices of the _louis d'or_ at the first of every
month, as the collapse approached, see Montgaillard. See also "Official
Lists" in the White Collection. For a table showing the steady rise of
the franc in gold during a single week, from 251 to 280 _francs_, see
Dewarmin, as above, vol. i, p. 136.]

[Footnote 66: See "Memoires de Thibaudeau," vol. ii, p. 26, also
Mercier, "Lo Nouveau Paris," vol. ii, p. 90; for curious example of the
scales of depreciation see the White Collection. See also extended table
of comparative values in 1790 and 1795. See Levasseur, as above, vol. i,
pp. 223-4.]

[Footnote 67: For a striking similar case in our own country, see
Sumner, "History of American Currency," p. 47.]

[Footnote 68: See Villeneuve Bargemont, "Histoire de l'economie
politique," vol. ii, p. 229.]

[Footnote 69: See Von Sybel, vol. iv, pp. 337, 338. See also for
confirmation Challamel, "Histoire Musee," vol. ii, p. 179. For a
thoughtful statement of the reasons why such paper was not invested in
lands by men of moderate means, and workingmen, see Mill, "Political
Economy," vol. ii, pp. 81, 82.]

[Footnote 70: See Von Sybel, vol. iv, p. 222.]

[Footnote 71: See especially Levasseur, "Histoire des classes
ouvrieres," etc. vol. i, pp. 219, 230 and elsewhere; also De Nervo,
"Finance francaise," p. 280; also Stourm, as already cited. The exact
amount of _assignats_ in circulation at the final suppression is given
by Dowarmin, (vol. i, p. 189), as 39,999,945,428 _livres_ or _francs_.]

[Footnote 72: For details of the mandat system very thoroughly given,
see Thiers' "History of the French Revolution," Bentley's edition, vol.
iv, pp. 410-412. For the issue of _assignats_ and _mandats_ at the same
time, see Dewarmin, vol. i, p. 136; also Levasseur, vol. i, pp. 230-257.
For an account of "new tenor bills" in America and their failure in
1737, see Summer, pp. 27-31; for their failure in 1781, see Morse, "Life
of Alexander Hamilton," vol. i, pp. 86, 87. For similar failure in
Austria, see Summer, p. 314.]

[Footnote 73: See Marchant, "Le