Reminiscences of Prince Talleyrand, Volume 2 (of 2)Colmache, M., active 19th century
History
Reminiscences of Prince Talleyrand, Volume 2 (of 2)
Colmache, M., active 19th century
Talleyrand-Périgord, Charles Maurice de, prince de Bénévent, 1754-1838
“Rest assured that every mechanical means of bringing about the
re-appearance of specie, such as the melting down of plate, the
purchase of materials at a great expense, or other such temporary
expedients, though they may afford the appearance of relief, have
really nothing substantial or durable in their nature. When once the
public feeling leads to the hoarding or the exportation of specie,
that which you produce in this way will speedily be withdrawn from
the circulation like the rest. It is only by securing public opinion,
and by furnishing irresistible motives of confidence, that credit can
be ensured; and those who fear that, even after the restoration of
order, the specie which seems to have vanished from among us will not
re-appear, are mistaken. Gold and silver are necessarily transported,
like other articles of merchandize, wherever there exist the will and
the power to pay for them; they are even transported more readily by
reason of the ease with which they are removed. So long as the nation
has a surplus to dispose of, the gold and silver required will always
be procured; for it must not be forgotten that, if gold and silver
are the purchasing medium for all other things, all other things are
equally the purchasing medium for those metals. For a nation which has
nothing to give, there can be nothing to obtain; but those nations
which have an immense surplus, cannot long want anything which may be
purchased, and, least of all, gold and silver.
“Since the position of your finances compels you to be the debtors of
other nations, prove yourselves to be the best possible debtors; you
have the means to do so. Only show that you know how to set about
it, and you will soon see flowing into the country the capital of the
foreigner, who only awaits that moment to come and exchange it for
your effects. You will see immense sums brought to light which are
at present yielding nothing, and which would be gladly exchanged for
productive securities bearing annual interest, when once it is felt
that the payment of that interest is certain, and that the capital will
not be endangered.”
* * * * *
In conclusion, the Bishop of Autun submitted to the National Assembly
a series of articles having for their object the establishment of a
sinking fund for the gradual extinction of the public debt, the means
of raising the necessary portions of which for each succeeding year
were to be determined at the commencement of each session of the
legislature.
INDEX.
Acquaintance, delights of meeting an old one, i. 12.
Adelaide, Madame, the King’s sister, secret message to, i. 67;
precaution of, 68;
visits Talleyrand, ii. 241.
Alexander, Emperor, goes to the _soirée_ of Madame de Krudener,
ii. 209, 210, 215, 218, 219.
Antonio, Don, brother of the Spanish king, i. 81, 83;
yields to the wishes of the king, 115;
arrives at Bayonne, _ib._
Public-domain text, read in full here on John Shaqi.
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