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Updated: May 27, 2025
Prefects, receivers-general, and various administrations that have come and gone during the last forty years, have tried to tame the ancient families perched aloft like wary ravens on their crag; the said families were always willing to accept invitations to dinners and dances; but as to admitting the strangers to their own houses, they were inexorable.
In these first moments of poverty it was found necessary to raise a loan, for the funds of M. Collot did not last long, and 12,000,000 were advanced by the different bankers of Paris, who, I believe, were paid by bills of the receivers-general, the discount of which then amounted to about 33 per cent.
The tablets containing the lists of the instalments are carried into the Council, and the public clerk takes charge of them. Whenever a payment of instalments is to be made he takes from the pigeon-holes the precise list of the sums which are to be paid and struck off on that day, and delivers it to the Receivers-General.
These are brought up as 'monthly' cases and are introduced by these officers; but the Receivers-General perform the same function in cases for or against the farmers of taxes. Those in which the sum concerned is not more than ten drachmas they can decide summarily, but all above that amount they bring into the law-courts as 'monthly' cases. Part 53
He soon showed how the receipts, constantly inferior to the indispensable expenses, had obliged the treasury to borrow, first from the receivers-general, then from a new company of speculators at the head of whom was M. Ouvrard, a man of ability, but of doubtful reputation; the brokers as they were called, had in their turn engaged the state in perilous affairs with Spain, and the commissions upon the receivers-general, which had been conceded to them, enormously surpassed their advances.
Perhaps the giving of this authority was a great error; but, be that as it may, Desprez, encouraged by the complaisance of the Treasury, desired the Receivers-General to transmit to him all the sums they could procure for payment of interest under 8 per cent., promising to allow them a higher rate of interest.
The commons conceived they had an undoubted right to apply the surplus of their revenue towards national purposes, without the consent of their sovereign; and accordingly, in the year one thousand seven hundred and forty-nine, prepared a bill with this preamble, "Whereas, on the twenty-fifth day of March last, a considerable balance remained in the hands of the vice-treasurer or receivers-general of the kingdom, or their deputy or deputies, unapplied; and it will be for your majesty's service, and for the ease of your faithful subjects in this kingdom, that so much thereof as can be conveniently spared should be paid, agreeably to your majesty's most gracious intentions, in discharge of part of the national debt."
As the credit of the house of Desprez stood high, it may be easily conceived that on such conditions the Receivers-General, who were besides secured by the authority of the Treasury, would enter eagerly into the proposed plan. In short, the Receivers-General soon transmitted very considerable sums. Chests of money arrived daily from every point of France.
Prefects, receivers-general, and various administrations that have come and gone during the last forty years, have tried to tame the ancient families perched aloft like wary ravens on their crag; the said families were always willing to accept invitations to dinners and dances; but as to admitting the strangers to their own houses, they were inexorable.
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.
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