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The Minister of the Treasury, dismayed, as well may be supposed, at such a state of things during the Emperor's absence, convoked a Council, at which Joseph Bonaparte presided, and to which Desprez and Wanlerberghe were summoned. Ouvrard being informed of this financial convulsion made all possible haste from Madrid, and on his arrival at Paris sought assistance from Amsterdam.
His brother went to Mexico in his stead. In 1802 a dreadful scarcity afflicted France. M. Ouvrard took upon himself, in concert with Wanlerberghe, the task of importing foreign grain to prevent the troubles which might otherwise have been expected.
Notwithstanding this transaction Ouvrard and Wanlerberghe engaged to victual the navy, which they supplied for six years and three months. After the completion of these different services the debt due to them amounted to 68,000,000.
The Minister of the Treasury, dismayed, as well may be supposed, at such a state of things during the Emperor's absence, convoked a Council, at which Joseph Bonaparte presided, and to which Desprez and Wanlerberghe were summoned. Ouvrard being informed of this financial convulsion made all possible haste from Madrid, and on his arrival at Paris sought assistance from Amsterdam.
In payment of the grain the foreign houses who sent it drew upon Ouvrard and Wanlerberghe for 26,000,000 francs in Treasury bills, which, according to the agreement with the Government, were to be paid. But when the bills of the foreign houses became due there was no money in the Treasury, and payment was refused.
In payment of the grain the foreign houses who sent it drew upon Ouvrard and Wanlerberghe for 26,000,000 francs in Treasury bills, which, according to the agreement with the Government, were to be paid. But when the bills of the foreign houses became due there was no money in the Treasury, and payment was refused.
Ouvrard, Wanlerberghe, and Seguin were the persons whose capital and credit rendered them most capable of relieving the Treasury, and they agreed to advance for that purpose 102,000,000, in return for which they were allowed bonds of the Receivers-General to the amount of 150,000,000.
Notwithstanding this transaction Ouvrard and Wanlerberghe engaged to victual the navy, which they supplied for six years and three months. After the completion of these different services the debt due to them amounted to 68,000,000.
Notwithstanding this transaction Ouvrard and Wanlerberghe engaged to victual the navy, which they supplied for six years and three months. After the completion of these different services the debt due to them amounted to 68,000,000.
His brother went to Mexico in his stead. In 1802 a dreadful scarcity afflicted France. M. Ouvrard took upon himself, in concert with Wanlerberghe, the task of importing foreign grain to prevent the troubles which might otherwise have been expected.
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