calculate the chances involved in a ministerial contract as they would the risks of a bold speculation." It pays if it can and only when it can, even the members of the household, the purveyors of the table and the personal attendants of the king. In 1753 the domestics of Louis XV had received nothing for three years. We have seen how his grooms went out to beg during the night in the streets of Versailles; how his purveyors "hid themselves;" how, under Louis XVI in 1778, there were 792,620 francs due to the wine-merchant, and 3,467,980 francs to the purveyor of fish and meat[4313]. In 1788, so great is the distress, the Minister de Loménie appropriates and expends the funds of a private subscription raised for a hospital, and, at the time of his resignation, the treasury is empty, save 450,000 francs, half of which he puts in his pocket. What an administration!--In the presence of this debtor, evidently becoming insolvent, all people, far and near, interested in his business, consult together with alarm, and debtors are innumerable, consisting of bankers, merchants, manufacturers, employees, lenders of every kind and degree, and, in the front rank, the capitalists, who have put all their means for life into his hands, and who are to beg should he not pay them annually the 44 millions he owes them; the industrialists and traders who have entrusted their commercial integrity to him and who would shrink with horror from failure as its issue; and after these come their creditors, their clerks, their relations, in short, the largest portion of the laboring and peaceable class which, thus far, had obeyed without a murmur and never dreamed of bringing the established order of things under its control. Henceforth this class will exercise control attentively, distrustfully and angrily. Woe to those who are at fault, for they well know that the ruin of the State is their ruin. III. Social Promotion. He rises on the social ladder.--The noble draws near to him. --He becomes cultivated.--He enters into society.--He regards himself as the equal of the noble.--Privileges an annoyance.