[A Popular History of France From The Earliest Times by Francois Pierre Guillaume Guizot]@TWC D-Link book
A Popular History of France From The Earliest Times

CHAPTER LX
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The need was pressing, the harvests were bad; the credit and the able resources of the great financier sufficed for all; the funds went up thirty percent.

in one day, certain capitalists made advances, the chamber of the notaries of Paris paid six millions into the treasury, M.Necker lent two millions out of his private fortune.
Economy had already found its way into the royal household; Louis XVI.
had faithfully kept his promises; despite the wrath of courtiers, he had reduced his establishment.

The Duke of Coigny, premier equerry, had found his office abolished.

"We were truly grieved, Coigny and I," said the king, kindly, "but I believe he would have beaten me had I let him." "It is fearful to live in a country where one is not sure of possessing to-morrow what one had the day before," said the great lords who were dispossessed; "it's a sort of thing seen only in Turkey." Other sacrifices and more cruel lessons in the instability of human affairs were already in preparation for the French noblesse.
The great financial talents of M.Necker, his probity, his courage, had caused illusions as to his political talents; useful in his day and in his degree, the new minister was no longer equal to the task.

The distresses of the treasury had powerfully contributed to bring about, to develop the political crisis; the public cry for the States-general had arisen in a great degree from the deficit; but henceforth financial resources did not suffice to conjure away the danger; the discount-bank had resumed payment, the state honored its engagements, the phantom of bankruptcy disappeared from before the frightened eyes of stockholders; nevertheless the agitation did not subside, minds were full of higher and more tenacious concernments.


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