The possessions of the Stadholder, which yielded 700,000 livres a year, were taken over by the republic and administered for its own benefit. The regents were permitted to exist, very, very quietly, and were not interfered with in any way. Yea, even when old Van den Spiegel and William's great friend Count Bentinck were brought to trial for malfeasance committed while in office they were immediately set free. And the citizen who conducted the investigation, Valckenaer by name and a most ardent Jacobin by profession, openly confessed that there had been no case against these two dignitaries, that the charges against them had been like spinach: "Looks like a lot when it is fresh, but does not make much of a dish when it gets boiled down." No, the members of the Provisional were good Patriots and good democrats, but with all due respect for the doctrine of equality they did not aspire to that particular form of equality which is established by the revolutionary razor. But after the question of the more turbulent members of their party had been decided, there was another problem of the greatest importance. Where, in the name of all the depleted treasuries, could the money be found with which to pay the French deliverers, the current expenses of this costly provisional government, the added sums necessary for the war with the enemies of France? The high sea was closed to Dutch trade, the colonies did not produce a penny's worth of revenue, Dutch industries were dead and buried under unpayable debts. Not a cent was coming in from anywhere; but whole streams of valuable guilders were flowing out of the country to everywhere. The final solution of the problem was as simple as it was disastrous. The Batavian Republic began to live on the capital of the Dutch Republic. In some provinces the Provisional government confiscated all gold and silver with the exception of the plate used in the church service. But this little sum was gobbled up by the hungry treasury before a month was over. Then voluntary 5 per cent. loans were tried. They were not taken up. An extraordinary tax of 6 per cent. was levied upon all revenue. The money covered the running expenses for three weeks; and all the time those twenty-five thousand Frenchmen, who had to be clothed and fed, ate and ate and ate as if they had never seen a square meal before, which probably was the truth. There was only one way out of the difficulty: The credit of the prodigal son, who for two centuries had regularly paid his bills, is apt to be good. The republic could loan as much as it wanted to, and it now abused this privilege. Loans were taken to pay dividends upon other loans, until finally a system was developed of loans within loans upon other loans which ultimately must ruin even the soundest of financial constitutions.