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Reminiscences of Prince Talleyrand, Volume 2 (of 2)

EXTRACTS FROM THE MANUSCRIPTS, SPEECHES, AND POLITICAL WRITINGS OF PRINCE TALLEYRAND. (continued 2)

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“Since the position of your finances compels you to be the debtors of other nations, prove yourselves to be the best possible debtors; you have the means to do so. Only show that you know how to set about it, and you will soon see flowing into the country the capital of the foreigner, who only awaits that moment to come and exchange it for your effects. You will see immense sums brought to light which are at present yielding nothing, and which would be gladly exchanged for productive securities bearing annual interest, when once it is felt that the payment of that interest is certain, and that the capital will not be endangered.”

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In conclusion, the Bishop of Autun submitted to the National Assembly a series of articles having for their object the establishment of a sinking fund for the gradual extinction of the public debt, the means of raising the necessary portions of which for each succeeding year were to be determined at the commencement of each session of the legislature.

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