The Great Events by Famous Historians, Volume 12 — John Shaqi
The Great Events by Famous Historians, Volume 12
History
The Great Events by Famous Historians, Volume 12
World history
Louis XIV never forgot the trials and humiliations to which he and his
mother had been subjected during the troubles of the Fronde. It has often
been remarked that rulers born in the purple have seldom shown much
efficiency unless they have been exposed to exceptional and, as it were,
artificial probations during their youth. During the first eleven years
of Louis' reign--incomparably the most creditable to him--we can trace
unmistakably the influence of the wisdom and experience acquired in that
period of anxiety and defeat. He then learned the value of money and the
supreme benefits of a full exchequer. He also acquired a thorough dread of
subjection to ministers and favorites--a dread so deep that it implied a
consciousness of probable weakness on that side. As he went on in life he
to a great extent forgot both these valuable lessons, but their influence
was never entirely effaced. To the astonishment of the courtiers and even
of his mother he announced his intention of governing independently, and
of looking after everything himself. They openly doubted his perseverance.
"You do not know him," said Mazarin. "He will begin rather late, but he
will go further than most. There is enough stuff in him to make four kings
and an honest man besides."
His first measures were dictated less by great energy of initiative than by
absolute necessity. The finances had fallen into such a chaos of jobbery
and confusion that the very existence of the government depended upon a
prompt and trenchant reform. It was Louis' rare good-fortune to find
beside him one of the most able and vigorous administrators who have ever
lived--Colbert. He had the merit--not a small one in that age--of letting
this great minister invent and carry out the most daring and beneficial
measures of reform, of which he assumed all the credit to himself. The
first step was a vigorous attack on the gang of financial plunderers,
who, with Fouquet at their head, simply embezzled the bulk of the state
revenues. The money-lenders not only obtained the most usurious interest
for their loans, but actually held in mortgage the most productive sources
of the national taxation: and, not content with that, they bought up, at 10
per cent. of their nominal value, an enormous amount of discredited bills,
issued by the government in the time of the Fronde, which they forced the
treasury to pay off at par; and this was done with the very money they had
just before advanced to the government.
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