[Footnote 70: Remarks as presiding officer at a luncheon given in honor
of the members of the Anglo-French Credit and Finance Commission, at
the Hotel Knickerbocker, New York, October 1, 1915.]
[Footnote 71: France in the American Revolution, p. 498; see also the
introduction by Ambassador Jusserand, p. xv. The accuracy of these
figures has not been independently verified. An examination of the late
Mr. Perkins' papers does not disclose the source of his statement. The
French archives show a direct expenditure of 1,507,500,000 livres, but
these figures do not include payments made in and after the year 1783.
Professor Marion of the Collège de France is of opinion that the total
expenditure probably reached 2,000,000,000 livres. Marion, _Histoire
Financière de la France, 1715-1789_, vol. I, p. 303, Paris, 1914; see
also Gomel, _Les Causes Financières de la Révolution Française_, vol.
II, p. 36, Paris, 1893. Fiske, in his Critical Period, p. 35, states
the expenditure to have been 1,400,000,000 francs.]
[Footnote 72: M. Homberg replied in French, and Mr. Guthrie then
continued as above.]