The diminution was due to the law of the 10th of April 1893 upon the banks of issue, by which they were obliged to liquidate the loan and mortgage business they had previously carried on.
Since federation no chartered bank has been compelled to liquidate without paying its note-holders in full.
Territorial mandates were now tried, which inspired no greater confidence, but served to liquidate two-thirds of the debt, the remaining third being consolidated by its dependence on the Grand Livre (September 30, 1797).
Other items were afterwards added to liquidate other obligations than those included in the above, chiefly on account of the internal debt.
It remained in Mantegna's studio unsold at his death, and was disposed of to liquidate debts.