Financial embarrassments forced him to consent to a foreign control over the Debt, and the decree of December 1881, whereby many of the revenues of the empire were handed over to the Public Debt Administration for the benefit of the bondholders, was a sacrifice of principle to which he could only have consented with the greatest reluctance. [Please select]
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=--To the bondholders or creditors, on the other hand, falling prices were clear gain. [Please select]
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The bondholders still refused to accept the reduction, and the Supreme Court in 1883 described the ordinance as a violation of the contract of 1874 but a violation without a remedy. [Please select]
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