Reminiscences of the King of RoumaniaKremnitz, Mite
History
Reminiscences of the King of Roumania
Kremnitz, Mite
Carol I, King of Romania, 1839-1914; Eastern question (Balkan); Jews -- Romania; Romania -- History -- Charles I, 1866-1914
"You must hold out to the limits of possibility, and, when once
they are reached, you must demand guarantees that a period of
stability will then commence, for to allow oneself to be blown
hither and thither like a frail reed, and to depend upon the
_bon vouloir_ of each Ministry is no position for a Hohenzollern.
"Under prevailing circumstances I can only give you one word
of advice, and that is to lean upon Turkey: this Power has
the greatest interest in the peace of Roumania--the interest
of self-preservation--and she will inspire none of the other
protecting States with distrust....
"Nothing can be done in the Strousberg affair; an independent
court of law alone can succeed in settling this impending
financial difficulty. Moreover, this Strousberg question is only
an empty pretext and means of agitation against you; the whole
movement in Roumania is based upon hostility towards the German
dynasty, and is the result of socialist-republican intrigue!"
CHAPTER V
FINANCIAL TROUBLES
Perhaps the chief amongst the many obstacles which beset the path
of Prince Charles in his task of raising Roumania from the depth
to which it had sunk was the very serious state of the national
finances. The effect of the previous drains upon the country's
resources, and the expense of keeping an army prepared to meet any
emergency, caused by the hostile attitude of Turkey, were thus
summed up by the Prince in July 1866.
"The worst wound of the country is at present its finances. We have
not a penny, in the literal sense of the word, and the Ministry,
in order to restore the equilibrium of the Budget, has to adopt
measures which will scarcely gain friends for us: the taxes have
to be raised; 30 per cent. of salaries and pensions, which have
not been paid for four months, have to be kept back. For my part,
I have surrendered another 12,000 ducats of my Civil List. Only a
loan can save us now; we are in communication with financiers, but
their conditions are more than hard. With patience we shall yet
escape from this calamity, but for the moment the situation is very
difficult. Retrenchment must be made, wherever possible."
It is interesting to note that, whilst the receipts amounted to
only 56,000,000 francs in the first year of the Prince's rule, they
reached the total of 180,000,000 in 1891, being thus more than
trebled in twenty-five years.
Public-domain text, read in full here on John Shaqi.
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