Page:Van Loon--The Story of Mankind.djvu/401

Rh the wife of the Swedish minister in Paris, Baron de Staël, 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. 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