Prince Carol’s task was no easy one. The journal compiled by the provisional government, which held the reins for the period elapsing between the abdication of Cuza and the accession of Prince Carol, depicts in the darkest colours the economic situation to which the faults, the waste, the negligence, and short-sightedness of the previous régime had reduced the country, ‘the government being in the humiliating position of having brought disastrous and intolerable hardship alike upon its creditors, its servants, its pensioners, and its soldiers’.[1] Reforms were badly needed, and the treasury had nothing in hand but debts. To increase the income of the state was difficult, for the country was poor and not economically independent. Under the Paris Convention of 1858, Rumania remained bound, to her detriment, by the commercial treaties of her suzerain, Turkey, the powers not being willing to lose the privileges they enjoyed under the Turkish capitulations. Moreover, she was specially excluded from the arrangement of 1860, which allowed Turkey to increase her import taxes. The inheritance of ultra-liberal measures from the previous regime made it difficult to cope with the unruly spirit of the nation. Any attempt at change in this direction would have savoured of despotism to the people, who, having at last won the right to speak aloud, believed that to clamour against anything that meant ‘rule’ was the only real and full assertion of liberty. And the dissatisfied were always certain of finding a sympathetic ear and an open purse in the Chancellories of Vienna and St. Petersburg. [Footnote 1: D.A. Sturdza, _Treizeci de ani de Domnie ai Regelui Carol,_ 1900, i.82.]