CHAPTER III

Year.	Gold (Francs).	Silver (Francs).	Year.	Gold (Francs).	Silver (Francs).
1824	7,071,700	114,476,007	1854	526,528,200	2,123,887
1825	45,616,360	75,203,291	1855	447,427,820	25,500,305
1826	925,540	90,835,623	1856	508,281,995	54,422,214
1827	3,160,940	153,868,978	1857	572,561,225	3,809,611
1828	8,025,740	161,466,133	1858	488,689,635	8,663,568
1829	1,118,180	102,642,617	1859	702,697,790	8,401,813
1830	23,516,640	120,187,089	1860	428,452,425	8,034,198
1831	49,641,380	205,223,764	1861	98,216,400	2,518,049
1832	2,046,260	141,353,915	1862	214,241,990	2,519,397
1833	16,799,780	157,482,863	1863	210,230,640	329,610
1834	30,231,200	218,288,304	1864	273,843,765	7,296,609
1835	4,550,060	99,966,149	1865	161,886,835	9,222,394
1836	5,097,040	43,242,399	1866	365,082,925	44,821,409
1837	2,026,740	111,858,697	1867	198,579,510	113,758,539
1838	4,940,140	88,489,324	1868	340,076,685	129,445,268
1839	20,670,000	73,637,742	1869	34,186,190	68,175,897
1840	40,998,240	63,795,527	1870	55,394,800	69,051,256
1841	12,375,060	77,517,941	1871	50,169,880	23,878,499
1842	1,852,720	68,391,170	1872	—	26,838,369
1843	2,826,600	74,148,998	1873	—	156,270,160
1844	2,742,260	69,134,980	1874	24,319,700	60,609,988
1845	119,140	89,967,609	1875	234,912,000	75,000,000
1846	2,086,420	47,886,145

During the years 1820-50, when the ratio remained below the legal 15 1⁄2 and there was a profit on the import of silver, the total silver coinage of the French

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