When France had a debt of 4000 million francs and the treasury was always empty and there was not a single thing upon which new taxes could be levied, even good King Louis (who was an expert locksmith and a great hunter but a very poor statesman) felt vaguely that something ought to be done. Therefore he called for Turgot, to be his Minister of Finance. Anne Robert Jacques Turgot, Baron de l'Aulne, a man in the early sixties, a splendid representative of the fast disappearing class of landed gentry, had been a successful governor of a province and was an amateur political economist of great ability. He did his best. Unfortunately, he could not perform miracles. As it was impossible to squeeze more taxes out of the ragged peasants, it was necessary to get the necessary funds from the nobility and clergy who had never paid a centime. This made Turgot the best hated man at the court of Versailles. Furthermore he was obliged to face the enmity of Marie Antoinette, the queen, who was against everybody who dared to mention the word "economy" within her hearing. Soon Turgot was called an "unpractical visionary" and a "theoretical-professor" and then of course his position became untenable. In the year 1776 he was forced to resign. After the "professor" there came a man of Practical Business Sense. He was an industrious Swiss by the name of Necker who had made himself rich as a grain speculator and the partner in an international banking house. His ambitious wife had pushed him into the government service that she might establish a position for her daughter who afterwards as the wife of the Swedish minister in Paris, Baron de Stael, became a famous literary figure of the early nineteenth century. Necker set to work with a fine display of zeal just as Turgot had done. In 1781 he published a careful review of the French finances. The king understood nothing of this "Compte Rendu." He had just sent troops to America to help the colonists against their common enemies, the English. This expedition proved to be unexpectedly expensive and Necker was asked to find the necessary funds. When instead of producing revenue, he published more figures and made statistics and began to use the dreary warning about "necessary economies" his days were numbered. In the year 1781 he was dismissed as an incompetent servant. 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.