With its finances in such condition the Bourbon monarchy plunged into war with England {34} in 1778, and, for the satisfaction of Yorktown and the independence of the United States, spent 1,500 millions of francs, nearly four years' revenue. At that moment it was estimated that the people of France paid in taxation about 800 millions annually, about one-half of which reached the King's chest. But the burden of debt was so great that by 1789, nearly 250 millions were paid out annually for interest.
To meet this situation the Government tried many men and many measures. There were several partial repudiations of debt. The money was clipped, much to the profit of importers from Amsterdam and other centres of thrift. Necker made way for Calonne, and Calonne for Necker. But these names bring us to the current of events that resulted in the convocation of the States-General by Louis XVI, and that must be made the subject of another chapter.
[1] The franc comes into use at the period of the Revolution. It will be employed throughout instead of livres as the standard denomination.
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CHAPTER IV
CONVOCATION OF THE STATES-GENERAL
Louis XVI, grandson of Louis XV, came to the throne in 1774. He showed some, but not all, of the characteristics of his family. He was of sluggish intelligence, and extremely slow, not to say embarrassed, in speech. He was heavy in build and in features. His two great interests were locksmithing, which he had learned as a boy, and running the deer and the boar in the great royal forests, St. Germain, Fontainebleau, Rambouillet. He had all the Bourbon insouciance, and would break off an important discussion of the Council from indifference, incompetence, or impatience, to go off hunting. Worst of all, for an autocrat, he had not in his nature one particle of those qualities that go to make up the man of action, decision, energy, courage, whole-heartedness. In this he represented the decay of his race, surfeited with power, victim of the system it {36} had struggled so long and so hard to establish. At the best he had flashes of common sense, which, unfortunately for himself, he was never capable of translating into deeds. He was full of good intentions, of a certain underlying honesty and benevolence, all rather obscured by his boorish exterior and manners. Like his ancestors, he ate and drank voraciously, but, unlike them, he did not care for women. He even showed some indifference for his wife at first, but later, when she bore children, he appeared to the public in the character of a good father of the family. In that and some of his other traits he had elements of popularity, and he remained in a way popular almost to the moment of his trial in 1792.
Marie Antoinette of Austria, his wife, was of very different mould; and in her everything made for unpopularity. She had begun under the worst auspices. The French public detested the Austrian alliance into which Madame de Pompadour had dragged France, and had felt the smart of national disgrace during the Seven Years' War, so that a marriage into the Hapsburg-Lorraine family after the conclusion of that war, was very ill received. To make the matter worse a catastrophe marked the wedding ceremonies, and at a great {37} illumination given by the city of Paris, a stampede occurred, in which hundreds of lives were lost. The Austrian princess, l'Autrichienne, as she was called from the first, did not mend matters by her conduct. Until misfortune sobered her and brought out her stronger and better side, she was incurably light-headed and frivolous. She was always on the very edge of a faux pas, and her enemies did not fail to accuse her of frequent slips beyond the edge. The titled riffraff that had adorned the Louis XV-du Barry court was swept out on the accession of the young Queen, but only to be replaced by a new clique as greedy as the old, and not vastly more edifying. Richelieu and d'Aiguillon only made way for Lauzun, the Polignacs, and Vaudreuil. And if it was an improvement to have a high-born queen rule Versailles instead of a low-born courtesan, the difference was not great in the matter of outward dignity, and especially of the expenditure of public money. Millions that cannot be computed for lack of proper accounts were poured out for the Queen's amusements and for the Queen's favourites, men and women.
It was the Controleur whose function was to fill the Court's bottomless purse. Under this strain and that of the American war, a man of {38} humble origin but of good repute as an economist and accountant was called to the office, the Geneva banker, Jacques Necker. For three years he attempted to carry the burden of the war by small economies effected at many points, which produced the minimum of result with the maximum of friction. Finally, in 1781, the Queen drove him from office. Necker himself provided the excuse by the publication of his Compte rendu, a pamphlet which first put the financial crisis fairly before the public.