Although, as we have just seen, matters were beginning to brighten a little in Spain, they remained as dull and overcast as ever in France. The impossibility of obtaining peace, and the exhaustion of the realm, threw, the King into the most cruel anguish, and Desmarets into the saddest embarrassment. The paper of all kinds with which trade was inundated, and which had all more or less lost credit, made a chaos for which no remedy could be perceived. State-bills, bank-bills, receiver- general's-bills, title-bills, utensil-bills, were the ruin of private people, who were forced by the King to take them in payment, and who lost half, two-thirds, and sometimes more, by the transaction. This depr…
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