auxiliary branches of knowledge, stands high in the estimation not only
of the ordinary sort, but of the wisest and best men; and as this
science has grown with the progress of its object, the prosperity and
improvement of nations has generally increased with the increase of
their revenues; and they will both continue to grow and flourish as long
as the balance between what is left to strengthen the efforts of
individuals and what is collected for the common efforts of the state
bear to each other a due reciprocal proportion, and are kept in a close
correspondence and communication. And perhaps it may be owing to the
greatness of revenues, and to the urgency of state necessities, that old
abuses in the constitution of finances are discovered, and their true
nature and rational theory comes to be more perfectly understood;
insomuch that a smaller revenue might have been more distressing in one
period than a far greater is found to be in another, the proportionate
wealth even remaining the same. In this state of things, the French
Assembly found something in their revenues to preserve, to secure, and
wisely to administer, as well as to abrogate and alter. Though their
proud assumption might justify the severest tests, yet, in trying their
abilities on their financial proceedings, I would only consider what is
the plain, obvious duty of a common finance minister, and try them upon
that, and not upon models of ideal perfection.
The objects of a financier are, then, to secure an ample revenue; to
impose it with judgment and equality; to employ it economically; and
when necessity obliges him to make use of credit, to secure its
foundations in that instance, and forever, by the clearness and candor
of his proceedings, the exactness of his calculations, and the solidity
of his funds. On these heads we may take a short and distinct view of
the merits and abilities of those in the National Assembly who have
taken to themselves the management of this arduous concern.
Far from any increase of revenue in their hands, I find, by a report of
M. Vernier, from the Committee of Finances, of the second of August
last, that the amount of the national revenue, as compared with its
produce before the Revolution, was diminished by the sum of two hundred
millions, or _eight millions sterling_, of the annual
income,--considerably more than one third of the whole.
If this be the result of great ability, never surely was ability
displayed
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