Excerpt from Paris, Vol. 5: From the Earliest Period to the Present Day
An estimate of the value of the national coin in circulation in France in September, 1898, by M. de Foville, Director of the Hotel des Monnaies, gave these figures: four thousand two hundred millions of louis and demi-louis; one thousand nine hundred and thirty-five millions of five-franc pieces, and two hundred and forty millions of smaller currency, - a total value in francs of six trillion three hundred and seventy-five millions of gold and silver coins. The annual production of gold was stated to have more than doubled, and that of silver to have tripled; and the value of the latter metal to be regulated not only by the law of supply and demand, but also by the cost of production, greatly modified by the progress of modern science and industry.
In two works which have recently appeared, on the Psychologie du Commerce and the Psychologie du Negociant Francais, may be found a general appreciation of the financial and commercial aptitudes of the French people which possesses a special interest in view of the present situation.
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