After the Professor and the Practical Business Man came the delightful type of financier who will guarantee everybody 100 per cent. per month on their money if only they will trust his own infallible system. He was Charles Alexandre de Calonne, a pushing official, who had made his career both by his industry and his complete lack of honesty and scruples. He found the country heavily indebted, but he was a clever man, willing to oblige everybody, and he invented a quick remedy. He paid the old debts by contracting new ones. This method is not new. The result since time immemorial has been disastrous. In less than three years more than 800,000,000 francs had been added to the French debt by this charming Minister of Finance who never worried and smilingly signed his name to every demand that was made by His Majesty and by his lovely Queen, who had learned the habit of spending during the days of her youth in Vienna. At last even the Parliament of Paris (a high court of justice and not a legislative body) although by no means lacking in loyalty to their sovereign, decided that something must be done. Calonne wanted to borrow another 80,000,000 francs. It had been a bad year for the crops and the misery and hunger in the country districts were terrible. Unless something sensible were done, France would go bankrupt. The King as always was unaware of the seriousness of the situation. Would it not be a good idea to consult the representatives of the people? Since 1614 no Estates General had been called together. In view of the threatening panic there was a demand that the Estates be convened. Louis XVI however, who never could take a decision, refused to go as far as that. To pacify the popular clamour he called together a meeting of the Notables in the year 1787. This merely meant a gathering of the best families who discussed what could and should be done, without touching their feudal and clerical privilege of tax-exemption. It is unreasonable to expect that a certain class of society shall commit political and economic suicide for the benefit of another group of fellow-citizens. The 127 Notables obstinately refused to surrender a single one of their ancient rights. The crowd in the street, being now exceedingly hungry, demanded that Necker, in whom they had confidence, be reappointed. The Notables said “No.” The crowd in the street began to smash windows and do other unseemly things. The Notables fled. Calonne was dismissed. A new colourless Minister of Finance, the Cardinal Loménie de Brienne, was appointed and Louis, driven by the violent threats of his starving subjects, agreed to call together the old Estates General as “soon as practicable.” This vague promise of course satisfied no one.