An historical and moral view of the origin and progress of the French Revolution; and the effect it has produced in EuropeWollstonecraft, Mary
Philosophy
An historical and moral view of the origin and progress of the French Revolution; and the effect it has produced in Europe
Wollstonecraft, Mary
France -- History -- Revolution, 1789-1799 -- Causes
Lally-Tolendal supported the necessity of adopting the measures proposed
for the obtaining a loan to supply the exigencies of government, which
were become very urgent; and he refuted the objection, made by several
deputies, who were against the grant, that in their instructions they
had been strictly enjoined not to sanction any tax or loan before the
constitution was formed. On this side Mirabeau ranged himself; for with
all his great talents and superiority of genius, he could not avoid
envying inferiour abilities, when they attracted the least popularity.
He therefore, with plausible rhetoric, but shallow arguments, opposed
the loan; and with great parade moved, that the deputies should offer
their individual credit, instead of departing from the very letter of
their instructions. This was one of those instances of pretended
disinterestedness, or false patriotism, calculated to dazzle the people,
whilst it involved the nation in fresh embarrassments.
The plan was referred to the consideration of the committee, appointed
to make financial reports: and they accordingly acknowledged the
necessity of a prompt supply; but thought, that the loan might now be
obtained without the additional advantages, which Necker mentioned as a
necessary bait. The discussion was then renewed with great heat, and
even personality; till at last the interest of the loan was fixed at
four and an half per cent.; and to slip through the knot they were
afraid to cut, it was to be sanctioned under the wing of the decrees of
the 4th of august.
It did not, however, prove productive; for in the course of three weeks,
only two millions, six hundred thousand livres were subscribed. And this
delay of business induced the assembly to adopt, with less scruple,
another proposal for a fresh loan, instead of the one that did not
promise to answer, at a rate less advantageous to the nation: or rather
they yielded to the necessity, into which they had plunged themselves;
and lest the mode of obtaining it to the executive power, in spite of
their former objection. But it was not an easy task to inspire the
bankers and money-holders with sufficient faith in the new government,
to induce them to come forward to support it; besides, the previous
discussion had converted caution into timidity; and the more desperate
the state of the finances appeared, the stronger grew the suspicion,
that threw insurmountable obstacles in the way of a temporary relief.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account