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Updated: May 25, 2025
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.
Some new overtures with reference to modifying the continental blockade had been entrusted to Labouchere, but they were hampered and complicated by Fouche's intrigues. The minister of police had recently authorized Ouvrard to leave Vincennes, and employed him in those mysterious negotiations which was soon afterwards to cost him the confidence and favor of his master.
Having thus escaped the writ of arrest, Ouvrard, after a few days had passed over, reappeared, and surrendered himself prisoner. Bonaparte was at first furious on learning that he had got out of the way; but on hearing that Ouvrard had surrendered himself he said to me, "The fool! he does not know what is awaiting him!
David Parish became the Company's agent. Having concluded this business Ouvrard returned in all haste to Madrid; but in the midst of the most flattering hopes and most gigantic enterprises he suddenly found himself threatened with a dreadful crisis.
Under these circumstances it was obviously the interest of Ouvrard to procure payment as soon as possible of the 32,000,000 which he had advanced for Spain to the French Treasury.
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.
Depreciation of the Bank paper Ouvrard His great discretion Bonaparte's opinion of the rich Ouvrard's imprisonment His partnership with the King of Spain His connection with Waalenberghe and Desprez Bonaparte's return to Paris after the campaign of Vienna Hasty dismissal of M. Barbe Marbois.
After six months had elapsed payment was offered, but on condition that the Government should retain half the profit of the commission! This Ouvrard and Wanlerberghe refused, upon which the Treasury thought it most economical to pay nothing, and the debt remained unsettled.
Spain had concluded a treaty with France, by which she was bound to pay a subsidy of 72,000,000 francs, and 32,000,000 had become due without any payment being made: It was thought advisable that Ouvrard should be sent to Madrid to obtain a settlement, but he was afraid that his business in Paris would suffer during his absence, and especially the transaction in which he was engaged with Desprez.
In this state of things Ouvrard proposed to the Spanish Government to pay the debt due to France, to import a supply of corn, and to advance funds for the relief of the Spanish Treasury. For this he required two conditions. About the end of July 1805 the embarrassment which sometime before had begun to be felt in the finances of Europe was alarmingly augmented.
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