The Writings of Thomas Jefferson, Vol. 3 (of 9): Being His Autobiography, Correspondence, Reports, Messages, Addresses, and Other Writings, Official and PrivateJefferson, Thomas
History
The Writings of Thomas Jefferson, Vol. 3 (of 9): Being His Autobiography, Correspondence, Reports, Messages, Addresses, and Other Writings, Official and Private
Jefferson, Thomas
United States -- Politics and government -- 1775-1783; United States -- Politics and government -- 1783-1865
The wise and just principles by which Turgot aimed to correct the
abuses of the administration, not having been received with favor, he
seized the occasion to flatter ignorance and malignity, by publishing
his work against the freedom of the corn trade. He had published, two
years before, an eulogy on Colbert. Both these productions exhibited the
limited capacity of a banker, and, in no degree, the enlarged views of a
statesman. Not at all delicate in the choice of his means, he succeeded
to his wish in his object, which was the establishing himself in public
opinion. Elevated by a secret cabal, to the direction of the finances,
he began by refusing the salaries of his office. He affected a spirit
of economy and austerity, which imposed even on foreign nations, and
showed the possibility of making war without laying new taxes. Such, at
least, was his boast; but, in reality, they have been increased under his
administration, about twenty millions, partly by a secret augmentation of
the _bailles_ and of the poll-tax, partly by some versifications of the
_twentieths_, and partly by the natural progression, which is tested by
the amount of taxes on consumption, the necessary result of the successive
increase of population, of riches, and of expensive tastes.
All these circumstances reared for him an astonishing reputation, which
his fall has consecrated. People will not reflect, that, in the short
period of his ministry, he had more than doubled his fortune. Not that he
had peculated on the public treasury; his good sense and pride forbade
a resort to this manœuvre of weak minds; but by resorting to loans and
the costly operations of the bank, to provide the funds of war, and being
still connected with the house to which he addressed himself for much the
greater part of his negotiations. They have not remarked that his great
principles of economy have nothing more than a false show, and that the
loans resorted to, in order to avoid the imposition of taxes, have been
the source of the mischief which has reduced the finances to their present
alarming condition.
As to his _compte rendu_; he has been forgiven the nauseous panegyric
which he has passed upon himself, and the affectation of introducing
his wife into it, for the purpose of praising her: and we are spared
the trouble of examining his false calculations. M. de Calonnes has
undertaken this investigation. Without being able to vindicate himself,
he has already begun to unmask his antagonist, and he promises to do it
effectually.
Public-domain text, read in full here on John Shaqi.
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