Nor could any choice have for the moment been more universally popular.

The citizens illuminated Paris; the mob burned the archbishop in effigy; and the leading merchants and bankers showed their approval in a far more practical way.

The funds rose; loans to any amount were freely offered to the Treasury; the national credit revived; as if the solvency or insolvency of the nation depended on a single man, and him a foreigner.
Yet, if regarded in any point of view except that of a financier, he was extremely unfit to be the minister at such a crisis; and the queen's acuteness had, in the extract from her letter which has been, quoted above, correctly pointed out the danger to be apprehended, namely, that he might lower the authority of the king.[7] It was, in fact, to his uniform and persistent degradation of the king's authority that the greater part, if not the whole, of the evils which ensued may be clearly traced, and the cause that led him to adopt this fatal system was thoroughly visible to one gifted with such intuitive penetration into character as Marie Antoinette.

For he had two great defects or weaknesses; an overweening vanity, which, as it is valued applause above every thing, led him to regard the popularity which they might win for him as the natural motive and the surest test of his actions; and an abstract belief in human perfection and in the submission of all classes to strict reason, which could only proceed from a total ignorance of mankind.[8] Yet, greatly as financial skill was needed, if the kingdom was to be saved from the bankruptcy which seemed to be imminent, it was plain that a faculty for organization and legislation was no less indispensable if the vessel of the State was to be steered safely along the course on which it was entering; for the archbishop's last act had been to induce the king to promise to convoke the States-general.

The 1st of May of the ensuing year was fixed for their meeting; and the arrangements for and the management of an assembly, which, as not having met for nearly two hundred years, could not fail to present many of the features of an entire novelty, were a task which would have severely tested the most statesman-like capacity.
But, unhappily, Necker's very first acts showed him equally void of resolution and of sagacity.