The Assembly, it is true, did at length endeavour to face the whole
financial position, and to establish at any rate its current finances
on a firm and permanent footing. But the manner in which it made the
attempt was sufficient to ensure its failure. The expenses of the
Revolution had necessarily been very large. The Assembly had, no
doubt, cut down the expenses of the Court, of the army, and of the
Church; but it had at the same time undertaken new and very heavy
burdens. The cost of the new system of local government and of the
new system of administering justice involved a large increase in the
annual expenditure. The cost of compensating the officers suppressed
in the Law, the Church, and the public services, of pensioning off the
dispossessed ecclesiastics, and of buying out the innumerable vested
interests at which the reforms of the Assembly had struck, alone
amounted to an enormous sum. There were all the debts of the Ancien
Régime to be taken over, and besides that all the deficits in the
current accounts, which steadily accumulated, month after month, down
to the end of 1790. The property of the Church, which was at first
regarded as an inexhaustible treasure, and estimated at much beyond
its real value, disappointed the expectations of its new possessors,
as they saw it frittered away in issues of Assignats. The abolition
of tithes, though a great benefit to the proprietors of land, had in
no way enriched the Exchequer. The abolition of feudal dues, though
a heavy loss to their old possessors and an infinite gain to the
nation at large, had brought nothing into the coffers of the State.
The cessation of the hated Gabelle and of many other indirect taxes,
which the people had refused any longer to pay, and which the Assembly,
making a virtue of necessity, had accordingly abolished, had cut
away one large source of revenue. It remained to find the means of
making good the deficiency and of providing for the charges which the
Revolution had imposed.
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