The Republic seems in no difficulty about money. It pays
for everything either in bonds or cash, and we hear no talk of aasignats ; but we wonder what it will do about the Rentes due on December 22. It cannot pay them in Paris, and will scarcely have the cash in Tours, or, indeed, anywhere else till it has raised a loan, which, with no Assembly sitting, it will be most difficult to raise. Even if peace is made, the first loans must be paid to the Germans, and the revenue will be reduced at least one-fourth by the ruin which has fallen upon the occupied provinces. There is, of course, no lack of money for purchases, as the stock in the Bank of France is not exhausted, and local loans are raised every- where, except Lyons, with much ease ; but if the pressure comes, it is on the bondholders that it must fall first.
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