Browsing named entities in The Daily Dispatch: September 5, 1863., [Electronic resource]. You can also browse the collection for Paris or search for Paris in all documents.

Your search returned 1 result in 1 document section:

h, which constituted nearly half the real estate of the kingdom. In spite of violent opposition this measure was carried, --the immediate sale of church property to the amount of 400,000,000 francs, or $80,000,000, was ordered for the benefit of the State--and the further conduct of the affair turned over to the municipalities, who had become the purchasers in the first instance. Not doubting that they should be able to meet their engagements by means of secondary sale, the municipality of Paris issued promissory notes to a large amount, and all the other municipalities followed their example, so that the whole amount of the notes thus issued soon reached the value of the whole amount of property confiscated. When the secondary sales took place, they were entirely disappointed in the results, and the Government took the burden off their shoulders by issuing its own promissory notes, and with them taking up the notes of the municipalities. Such was the origin of the Assignats. The