While some specie was Spanish silver, a substantial amount came from the sale of Indian goods to Red Sea and Persian Gulf ports. |
The French crown was forced to pay for its Canadian expenditures by borrowing or taxing in France and shipping specie to the New World. |
The end of the depression in 1878 and the government's resumption of specie payments in 1879 had sapped the party's fortunes. |
It was the habit of using paper money that was driving the nation's specie abroad. |
Between 1685 and 1763, the French colonial government issued playing cards that were redeemable for specie at a future date. |
If the bank required specie reserves, the notes acquired initially could have been called at expiration and not renewed. |