A very few weeks ago, the Convention asseverated, in the
usual acclamatory style, that they would never even listen to a proposal
for diminishing the value, or stopping the currency, of any description
of assignats. Their oaths are not, indeed, in great repute, yet many
people were so far deceived, as to imagine that at least the credit of
the paper would not be formally destroyed by those who had forced its
circulation. All of a sudden, and without any previous notice, a decree
was issued to suppress the corsets, (or assignats of five livres,)
bearing the King's image;* and as these were very numerous, and chiefly
in the hands of the lower order of people, the consternation produced by
this measure was serious and unusual.--
* The opinion that prevailed at this time that a restoration of the
monarchy was intended by the Convention, had rendered every one
solicitous to amass assignats issued during the late King's reign.
Royal assignats of five livres were exchanged for six, seven, and
eight livres of the republican paper.
--There cannot be a stronger proof of the tyranny of the government, or
of the national propensity to submission, than the circumstance of making
it penal to refuse one day, what, by the same authority, is rendered
valueless the next--and that notwithstanding this, the remaining
assignats are still received under all the probability of their
experiencing a similar fate.
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