Background
Michel Chamillar was born on January 2, 1652 in Paris of a family of the noblesse of recent elevation.
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Michel Chamillar was born on January 2, 1652 in Paris of a family of the noblesse of recent elevation.
In 1690 Michel Chamillar was made intendant of finances, and on the 5th of September 1699 the king appointed him controller-general of finances, to which he added on the following 7 th of January the ministry of war.
From the first Chamillart's position was a difficult one.
He could only employ the usual expedients of the time-the immoderate sale of offices, the debasement of the coinage (five times in six years), reduction of the rate of interest on state debts, and increased taxation.
He attempted to force into circulation a kind of paper money, billets de monnaie, but with disastrous results owing to the state of credit.
He studied Vauban's project for the royal tithe and Boisguillebert's proposition for the taille, but did not adopt them.
In October 1706 he showed the king that the debts immediately due amounted to 288 millions, and that the deficit already foreseen for 1707 was 160 millions.
In October 1707 he saw with consternation that the revenue for 1708 was already entirely eaten up by anticipation, so that neither money nor credit remained for 1708.
Public opinion attributed to him the ruin of the country, though Jie had tried in 1700 to improve the condition of commerce by the creation of a council of commerce.
With an empty treasury he succeeded only in part, and he frankly warned the king that the enemy would soon be able to dictate the terms of peace.
He was reproached with having secured the command of the army which besieged Turin (1706) for his son-in-law, the incapable due de la Feuillade.
Madame de Maintenon even became hostile to him, and he abandoned his position on the 10th of June 1709, retiring to his estates.
Chamillart's papers have been published by G. Esnault, Michel Chamillart, contrdleur general et secretaire d'etat de la guerre, corre- spondance et papiers inedits (2 vols. , Paris, 1885); and by A. de Bois- lisle in vol.
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( This work has been selected by scholars as being cultur...)
( This work has been selected by scholars as being cultur...)