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A Popular History of France from the Earliest Times, Volume 6 by François Pierre Guillaume Guizot
page 60 of 564 (10%)
was not paid, and the most honorable men, such as the Duke of St. Simon,
saw no other remedy for the evils of the state but a total bankruptcy,
and the convocation of the States-general. Both expedients were equally
repugnant to the Duke of Orleans. The Duke of Noailles had entered upon
a course of severe economy; the king's household was diminished, twenty-
five thousand men were struck off the strength of the army, exemption
from talliage for six years was promised to all such discharged soldiers
as should restore a deserted house, and should put into cultivation the
fields lying waste. At the same time something was being taken off the
crushing weight of the taxes, and the state was assuming the charge of
recovering them directly, without any regard for the real or supposed
advances of the receivers-general; their accounts were submitted to the
revision of the brothers Paris, sons of an innkeeper in the Dauphinese
Alps, who had made fortunes by military contracts, and were all four
reputed to be very able in matters of finance. They were likewise
commissioned to revise the bills circulating in the name of the state, in
other words, to suppress a great number without re-imbursement to the
holder, a sort of bankruptcy in disguise, which did not help to raise the
public credit. At the same time also a chamber of justice, instituted
for that purpose, was prosecuting the tax-farmers (_traitants_), as Louis
XIV. had done at the commencement of his reign, during the suit against
Fouquet. All were obliged to account for their acquisitions and the
state of their fortunes; the notaries were compelled to bring their books
before the court. Several tax-farmers (_traitants_) killed themselves to
escape the violence and severity of the procedure. The Parliament,
anything but favorable to the speculators, but still less disposed to
suffer its judicial privileges to be encroached upon, found fault with
the degrees of the Chamber. The Regent's friends were eager to profit by
the reaction which was manifesting itself in the public mind; partly from
compassion, partly from shameful cupidity, all the courtiers set
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