The Gallery of Portraits: with Memoirs. Volume 2 (of 7)Malkin, Arthur Thomas
History
The Gallery of Portraits: with Memoirs. Volume 2 (of 7)
Malkin, Arthur Thomas
Biography
These unremitting exertions, joined to views so just and at that time so
original, attracted the attention of the public; and on the death of
Louis XV. Turgot was called to the first offices of the state, as the
only man who seemed likely to restore the failing credit of the nation,
do justice to the people, and prevent those political troubles which did
in fact ensue, and ended in confiscation and bloodshed. He undertook the
difficult task with cheerfulness, but not without some misgivings. The
aristocracy and the court could not long remain favourable to a minister
who would not cater to their luxuries; the clergy naturally viewed with
suspicion one who was devoted to the most rigid economy; public opinion
was not sufficiently advanced to appreciate the measures of a statesman
whose genius far surpassed the knowledge of his day; and even if it had
been more enlightened, it had not the means of expressing itself
powerfully and almost simultaneously as in England. Turgot therefore had
no support to rely on but that of the King; but while the monarch
remained firm, there was still a hope that the statesman might
accomplish his objects. After filling the post of Minister of Marine for
one month, he was raised to the office of Minister of Finance, August
24, 1774. Nothing could be more encouraging to him than his first
audience of the King; it was more like the confidential intercourse of
two friends considering in truth and sincerity the best means of
promoting the happiness of their common country, than a cold and formal
state conference. Turgot, with the permission of his sovereign,
recapitulated what had occurred at this meeting, in a letter which is
above all praise. In it he enforced the absolute necessity of the most
rigid economy, in order to prevent a national bankruptcy, any increase
of taxes, or any new loans. “No bankruptcy, either avowed, or disguised
under compulsory reductions. No increase of taxes. The reason your
Majesty will find in the situation of your people, and still more in
your own heart. No new loans; for every loan, by diminishing the free
revenue, necessarily leads at last to a bankruptcy or an increase of
taxes.” The means by which he proposed to bring about these ends were
the most rigid retrenchments. “But,” he adds, “it is asked, in what is
the retrenchment to be made? and every department will maintain that as
far as relates to itself there is scarcely a single expense which is not
indispensable. The reasons alleged may be very good; but as there can be
none for performing impossibilities, all these reasons must give way to
the irresistible necessity of economy. Your Majesty knows that one of
the greatest obstacles to economy is the multitude of solicitations to
which you are perpetually exposed. Your benevolence, Sir, must be the
shield against your bounty. Consider whence the money distributed
amongst your courtiers is drawn; and contrast the misery of those from
Public-domain text, read in full here on John Shaqi.
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