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The embarrassment of the Treasury, and the well-known integrity of the Minister, M. de Barbe Marbois, induced Ouvrard to remit the 10,000,000 piastres.
The Treasury satisfied him on this point by agreeing to sanction the bargain with Desprez, and Ouvrard proceeded to Madrid. It was on this occasion he entered into the immense speculation for trading with Spanish America.
"We have," he said, "to deal with more serious questions: it seems that the greatest dangers of the State were not in Austria: let us hear the report of the Minister of the Treasury." It then appeared that Barbé-Marbois had been concerned in risky financial concerns with the Court of Spain, through a man named Ouvrard.
But a few days after he had forwarded the money a Commissioner of the Treasury arrived at Madrid with a ministerial despatch, in which Ouvrard was requested to deliver to the Commissioner all the assets he could command, and to return immediately to Paris. The Treasury was then in the greatest difficulty, and a general alarm prevailed.
I was in the cabinet at the time, and I think I still hear the dry and decided "No," which was all the answer M. de Talleyrand obtained. When we were alone the First Consul said to me, "Do you not see, Bourrienne, this Ouvrard must have made a good thing of his business with the Prince of the Peace? But the fool! Why did he get Talleyrand to ask me for a passport?
On his accession to the Consulate Bonaparte found M. Ouvrard contractor for supplying the Spanish fleet under the command of Admiral Massaredo. This business introduced him to a correspondence with the famous Godoy, Prince of the Peace. The contract lasted three years, and M. Ouvrard gained by it a net profit of 15,000,000.
Before going to prison Ouvrard took care to secure against all the searches of the police any of his papers which might have committed persons with whom he had dealings; and I believe that there were individuals connected with the police itself who had good reason for not regretting the opportunity which M. Ouvrard had taken for exercising this precaution.
Ouvrard having engaged to pay the Spanish Government only 3 francs, would very willingly have parted with them at that rate, but his hasty departure from Madrid, and the financial events at Paris, affected his relations with the Spanish Treasury, and rendered it impossible for him to afford any support to the Treasury of France; thus the alarm continued, until the news of the battle of Austerlitz and the consequent hope of peace tranquillised the public mind.
The discretion of M. Ouvrard was not quite agreeable to the First Consul, who found it impossible to extract from him the information he wanted. He tried every method to obtain from him the names of persons to whom he had given those kind of subsidies which in vulgar language are called sops in the pan, and by ladies pin money.
Then Ouvrard could buy up first the entire stock of paper and then the manufacturers; but in the year 1821 there were so many paper-mills in France, that no one could hope to repeat his success; and David had neither audacity enough nor capital enough for such speculation. Machinery for producing paper in any length was just coming into use in England.
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