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DERANGEMENT OF THE FINANCES.

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CHAPTER III.

Proximate Cause of the Revolution-Deranged State of the Finances -Reforms in the Royal Household-System of Turgot and Necker-Necker's Exposition of the State of the Public Revenue -The Red-Book-Necker displaced-Succeeded by CalonneGeneral State of the Revenue Assembly of the Notables-Calonne dismissed-Archbishop of Sens Administrator of the Finances-The King's Contest with the Parliament-Bed of Justice -Resistance of the Parliament and general Disorder in the Kingdom Vacillating Policy of the Minister-Royal Sitting -Scheme of forming a Cour Plénière-It proves ineffectual Archbishop of Sens retires, and is succeeded by Necker-He resolves to convoke the States General-Second Assembly of Notables previous to Convocation of the States-Questions as to the Numbers of which the Tiers Etat should consist, and the Mode in which the Estates should deliberate.

WE have already compared the monarchy of France to an ancient building, which, however decayed by the wasting injuries of time, may long remain standing from the mere adhesion of its parts, unless it is assailed by some sudden and unexpected shock, the immediate violence of which completes the ruin which the lapse of ages had only prepared. Or if its materials have become dry and combustible, still they may long wait for the spark which is to awake a general conflagration. Thus, the monarchical government of France, notwithstanding the unsoundness of all its parts, might have for some time continued standing and unconsumed, nay, with timely and judicious repairs, might have been entire at this moment, had the state of the finances of the kingdom permitted the monarch to temporize with the existing discontents and the progress of new opinions, without increasing the taxes of a people already greatly overburdened, and now become fully sensible that these burdens were unequally imposed, and sometimes prodigally dispensed.

A government, like an individual, may be guilty of many acts, both of injustice and folly, with some chance of impunity, provided it possess wealth enough to command partisans and to silence opposition; and history shows us, that as, on the one hand, wealthy and money-saving monarchs have usually been able to render themselves most independent of their subjects, so, on the other, it is from needy princes, and when exchequers are empty, that the people have obtained grants favourable to freedom in exchange for their supplies. The period of pecuniary distress in a government, if it be that when the subjects are most exposed to oppression, is also the crisis in which they have the best chance of recovering their political rights.

It is in vain that the constitution of a despotic government

endeavours, in its forms, to guard against the dangers of such conjunctures, by vesting in the sovereign the most complete and unbounded right to the property of his subjects. This doctrine, however ample in theory, cannot in practice be carried beyond certain bounds, without producing either privy conspiracy or open insurrection, being the violent symptoms of the outraged feelings and exhausted patience of the subject, which, in absolute monarchies, supply the want of all regular political checks upon the power of the crown. Whenever the point of human sufferance is exceeded, the despot must propitiate the wrath of an insurgent people with the head of his minister, or he may tremble for his own.1

In constitutions of a less determined despotical character, there almost always arises some power of check or control, however anomalous, which balances or counteracts the arbitrary exactions of the sovereign, instead of the actual resistance of the subjects, as at Fez or Constantinople. This was the case in France.

taxes.

No constitution could have been more absolute in theory than that of France, for two hundred years past, in the matter of finance; but yet in practice there existed a power of control in the Parliaments, and particularly in that of Paris. These courts, though strictly speaking they were constituted only for the administration of justice, had forced themselves, or been forced by circumstances, into a certain degree of political power, which they exercised in control of the crown, in the imposition of new It was agreed on all hands, that the royal edicts, enforcing such new impositions, must be registered by the Parliaments; but while the crown held the registering such edicts to be an act purely ministerial, and the discharge of a function imposed by official duty, the magistrates insisted, on the other hand, that they possessed the power of deliberating and remonstrating, nay, of refusing to register the royal edicts. The Parliaments exercised this power of control on various occasions; and as their interference was always on behalf of the subject, the practice, however anomalous, was sanctioned by public opinion; and, in the absence of all other representatives of the people, France naturally looked up to the magistrates as the protectors of her rights, and as the only power which could offer even the semblance of resistance to the arbitrary increase of the burdens of the state. These functionaries cannot be charged with carelessness or cowardice in the discharge of their duty; and as taxes increased and became at the same time less productive, the opposition of the Parliaments became more formidable. Louis XIV. endeavoured to break their spirit by suppression of their court, and banishment of its members from Paris; but, notwithstand

1 When Buonaparte expressed much regret and anxiety on account of the assassination of the Emperor Paul, he was comforted by Fouché with words to the following effect:-"Que voulez vous enfin? Ce'st une mode de destitution propre à ce pais-là!"-S.

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ing this temporary victory, he is said to have predicted that his successor might not come off from the renewed contest so successfully.

Louis XVI., with the plain well-meaning honesty which marked his character, restored the Parliaments to their constitutional powers immediately on his accession to the throne, having the generosity to regard their resistance to his grandfather as a merit rather than an offence. In the meanwhile, the revenue of the kingdom had fallen into a most disastrous condition. The continued and renewed expense of unsuccessful wars, the supplying the demands of a luxurious court, the gratifying hungry courtiers, and enriching needy favourites, had occasioned large deficits upon the public income of each successive year. The ministers, meanwhile, anxious to provide for the passing moment of their own administration, were satisfied to put off the evil day by borrowing money at heavy interest, and leasing out, in security of these loans, the various sources of revenue to the farmers-general. On their part, these financiers used the government as bankrupt prodigals are treated by usurious money-brokers, who, feeding their extravagance with the one hand, with the other wring out of their ruined fortunes the most unreasonable recompense for their advances. By a long succession of these ruinous loans, and the various rights granted to guarantee them, the whole finances of France appear to have fallen into total confusion, and presented an inextricable chaos to those who endeavoured to bring them into order. The farmers-general, therefore, however obnoxious to the people, who considered with justice that their overgrown fortunes were nourished by the life-blood of the community, continued to be essentially necessary to the state, the expenses of which they alone could find means of defraying; -thus supporting the government, although Mirabeau said with truth, it was only in the sense in which a rope supports a hanged

man.

Louis XVI., fully sensible of the disastrous state of the public revenue, did all he could to contrive a remedy. He limited his personal expenses, and those of his household, with a rigour which approached to parsimony, and dimmed the necessary splendour of the throne. He abolished many pensions, and by doing so not only disobliged those who were deprived of the instant enjoyment of those gratuities, but lost the attachment of the much more numerous class of expectants, who served the court in the hope of obtaining similar gratifications in their turn.1

Louis XV. had the arts if not the virtues of a monarch. He asked one of his ministers what he supposed might be the price of the carriage in which they were sitting. The minister, making a great allowance for the monarch's paying en prince, yet guessed within two-thirds less than the real sum. When the king named the actual price, the statesman exclaimed, but the monarch cut him short. "Do not attempt," he said, "to reform the expenses of my household. There are too many, and too great men, who have their share in that extortion, and to make a reformation would give too much discontent. No

Lastly, he dismissed a very large proportion of his household troops and body-guards, affording another subject of discontent to the nobles, out of whose families these corps were recruited, and destroying with his own hand a force devotedly attached to the royal person, and which, in the hour of popular fury, would have been a barrier of inappreciable value. Thus, it was the misfortune of this well-meaning prince, only to weaken his own cause and endanger his safety, by those sacrifices intended to relieve the burdens of the people, and supply the wants of the

state.

The king adopted a broader and more effectual course of reform, by using the advice of upright and skilful ministers, to introduce, as far as possible, some degree of order into the French finances. Turgot,1 Malesherbes,2 and Necker,3 were persons of unquestionable skill, of sound views, and undisputed integrity; and although the last-named minister finally sunk in public esteem, it was only because circumstances had excited such an extravagant opinion of his powers, as could not have been met and realized by those of the first financier who ever lived. These virtuous and patriotic statesmen did all in their power to keep afloat the vessel of the state, and prevent at least the increase of the deficit, which now arose yearly on the public accounts. They, and Necker in particular, introduced economy and retrenchment into all departments of the revenue, restored the public credit without increasing the national burdens, and, by obtaining loans on reasonable terms, were fortunate enough to find funds for the immediate support of the American war, expensive as it was, without pressing on the patience of the people by new impositions. Could this state of matters have been supported for some years, opportunities might in that time have occurred for adapting the French mode of government to the new lights which the age afforded. Public opinion, joined to the beneficence of the sovereign, had already wrought several imporminister can attempt it with success or with safety." This is the picture of the waste attending a despotic government: the cup which is filled to the very brim cannot be lifted to the lips without wasting the contents.-S.

1 Turgot was born at Paris in 1727. Called to the head of the Finances in 1774, he excited the jealousy of the courtiers by his reforms, and of the parliaments by the abolition of the corvées. Beset on all sides, Louis, in 1776, dismissed him, observing at the same time, that "Turgot, and he alone, loved the people." Malesherbes said of him, that "he had the head of Bacon, and the heart of L'Hopital." He died in 1781.

2 Malesherbes, the descendant of an illustrious family, was born at Paris in 1721. When Louis the Sixteenth ascended the throne, he was appointed minister of the interior, which he resigned on the retirement of his friend Turgot. He was called back into public life, at the crisis of the Revolution, to be the legal defender of his sovereign; but his pleadings only procured for himself the honour of perishing on the same scaffold in 1794, together with his daughter and grand-daughter.

3 Necker was born at Geneva in 1732; he married, in 1764, Mademoiselle Curchod, the early object of Gibbon's affection, and by her had the daughter so celebrated as the Baroness de Stael Holstein. M. Necker settled in Paris, rose into high reputation as a banker, and was first called to office under the government in 1776. He died in 1804.

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tant and desirable changes. Many obnoxious and oppressive laws had been expressly abrogated, or tacitly suffered to become obsolete, and there never sate a king upon the French or any other throne, more willing than Louis XVI. to sacrifice his own personal interest and prerogative to whatever seemed to be the benefit of the state. Even at the very commencement of his reign, and when obeying only the dictates of his own beneficence, he reformed the penal code of France, which then savoured of the barbarous times in which it had originated—he abolished the use of torture-he restored to freedom those prisoners of state, the mournful inhabitants of the Bastile, and other fortresses, who had been the victims of his grandfather's jealousy-the compulsory labour called the corvée,1 levied from the peasantry, and one principal source of popular discontent, had been abolished in some provinces and modified in others—and while the police was under the regulation of the sage and virtuous Malesherbes, its arbitrary powers had been seldom so exercised as to become the subject of complaint. In short, the monarch partook the influence of public opinion along with his subjects, and there seemed just reason to hope, that, had times remained moderate, the monarchy of France might have been reformed instead of being destroyed.

Unhappily, convulsions of the state became from day to day more violent, and Louis XVI., who possessed the benevolence and good intentions of his ancestor, Henry IV., wanted his military talents, and his political firmness. In consequence of this deficiency, the king suffered himself to be distracted by a variety of counsels; and vacillating, as all must who act more from a general desire to do that which is right, than upon any determined and well-considered system, he placed his power and his character at the mercy of the changeful course of events, which firmness might have at least combated, if it could not control. But it is remarkable, that Louis resembled Charles I. of England more than any of his own ancestors, in a want of self-confidence, which led to frequent alterations of mind and changes of measures, as well as in a tendency to uxoriousness, which enabled both Henrietta Marie, and Marie Antoinette, to use a fatal influence upon their counsels. Both sovereigns fell under the same suspicion of being deceitful and insincere, when perhaps Charles, but certainly Louis, only changed his course of conduct from a change of his own opinion, or from suffering himself to be overpersuaded, and deferring to the sentiments of others.

Few monarchs of any country, certainly, have changed their ministry, and with their ministry their counsels and measures, so often as Louis XVI.; and with this unhappy consequence, that he neither persevered in a firm and severe course of government long enough to inspire respect, nor in a conciliatory and

1 The corvées, or burdens imposed for the maintenance of the public roads, were bitterly complained of by the farmers. This iniquitous part of the financial system was abolished in 1774, by Turgot.

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