You need only look to Lyon for an example. When Lothar von Hacklheber journeyed to Lyon in April of 1692 and accepted, from M. Castan, half a million livres tournoises of French government obligations in exchange for silver deliverable at London, no one thought twice about it. It was a large transaction, to be sure, but altogether routine. If you had gone to him, or to any of the other German or Swiss bankers in Lyon, at that time, and said, "This is the last such loan that shall ever be made in Lyon, and it shall never be repaid," they’d have thought you a madman.