His Report, on the whole, is a mere appeal to the people, the pernicious consequences whereof to this monarchy cannot as yet be felt or foreseen.

M.Necker, it is true, has won golden opinions from the philosophy and the innovators of these days, but your Majesty has long ago appraised the character of such support.

In his Report M.Necker lays it down that advantage has been taken of the veil drawn over the state of the finances in order to obtain, amidst the general confusion, a credit which the state would not otherwise be entitled to.

It is a new position, and a remarkable one in our history is that of M.Necker teaching the party he calls public opinion that under a good king, under a monarch beloved of the people, the minister of finance has become the sole hope, the sole security, by his moral qualities, of the lenders and experts who watch the government.
It will be long before your Majesty will close up the wound inflicted upon the dignity of the throne by the hand of the very person in the official position to preserve it and make it respected by the people." The adroit malevolence of M.de Vergennes had managed to involve in one and the same condemnation the bold innovations of M.Necker and the faults he had committed from a self-conceit which was sensitive and frequently hurt.

He, had not mentioned M.de Maurepas in his long exposition of public administration, and it was upon the virtue of the finance-minister that he had rested all the fabric of public confidence.
The contest was every day becoming fiercer and the parties warmer.