This section is from "The American Cyclopaedia", by George Ripley And Charles A. Dana. Also available from Amazon: The New American Cyclopędia. 16 volumes complete..
Francisco De Cabarrus, count, a Spanish financier, born in Bayonne in 1752, died in Seville, April 27, 1810. He was the son of a French merchant, and became a clerk of his father's correspondent at Saragossa, M. Gala-bert, whose daughter he married. His financial talents attracted the attention of the Spanish authorities, who adopted his plan of issuing paper money, and of a new royal bank, placing him at the head of it; and he founded in 1785 a Philippine island trading company and projected the canal of Segovia. Charles III. made him councillor of state, but after the accession of Charles IV. he was accused of dishonesty and imprisoned from 1790 to 1794, and was formally acquitted in 1795. He was next made a count and employed in diplomatic missions. He was appointed Spanish minister in Paris, but the directory declined to recognize him on the pretext of his French nativity. Charles IV. compensated him for the loss of this office by a gift of $300,000; but in 1799 Godoy banished him from the court to Burgos, and afterward sent him out of the country as minister to Holland. In 1808 he was called back by Ferdinand VII. and appointed minister of finance and director of the royal bank, offices which he continued to hold after Joseph Bonaparte became king. He wrote much on mercantile and financial topics.
His beautiful daughter Therese married M. de Fontenay, and afterward acquired celebrity as Mme. Tal-lien and princess of Chimay. (See Chimay).
 
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