That ended the reign of paper in
France, for next came Napoleon Bona
parte, who saved the unemployment
situation by drafting the starving men
into his armies. Then with his vic
tories he levied on the conquered
countries to sustain the armies. His
stanchest principle was that lie would
pay all accounts In specie. He fund
ed the national debts and made every
payment. In cash. In answer to pres
sure from his minister in an emer
gency to issue credit paper, he re
plied. “While I live I will never re
sort to irredeemable paper.”
One of the brightest pages in
France’s history is that telling how she
met the crises of the Prussian War
of 1870 and the Communist rebellion
wflh specie payments throughout.
Even the United States issued “green- ,
backs” after our Civil War. though we
"resumed specie payments" in our al
leged “crime of 1873."
(Copyriftat. 1028. by Paul V. Collins.).
