THE ACQUISITION OF A MINISTERIAL POST
61
was so bespattered that for more than two centuries historical evaluation of his
politics suffered from the moral indignation aroused by his activities. More strictly
in the realm of politics, the blame for the adoption of a financial administration
which had ruined many with its collapse could easily, if somewhat unfairly, be laid
on the government doorstep. Scarcely more popular than this law system was the
operation, after September 1721, of the ‘visa’, the name given to the government-
managed liquidation of the ‘system’ by reduction of the debts of John Law’s bank
and the Compagnie des Indes, the conversion of shares and paper money at a
discount into rentes (annuities), and the introduction of an extraordinary surtax on
those who had gained millions.
43
Furthermore, with so many important individuals in opposition, the basis of
support for the ministry had become rather narrow. Nor was the Paris
parlement—such an important ally in 1715—likely to display any enthusiasm for
the ministry which had recently exiled it to Pontoise, and it was well known that
the parlementaires disliked both the Law system and the new policy pursued by
Dubois on Unigenitus.
44
Recently too, a number of new men had been brought
into the ministry, men who owed their position solely to the favour of Dubois and
d’Orléans and who lacked any sort of clientage which could match the factions.
45
The future for the dominant faction did not look bright. The exilings in 1722, the
promotion of Dubois, the reports on the faction of the duc de Chartres, all
indicate that the Regent and his premier ministre were not unaware of the dangers
of their position.
Forewarned was forearmed, and if the confidence of the King was the key to
continued power, the duc d’Orléans had obvious advantages, having already
spent several years in close contact with Louis. One useful step was to use the
education of the King as a means of accustoming him to the discussion of political
matters with the principal ministers. Beginning directly after the appointment of
Dubois as premier ministre, half-an-hour a day, six days a week, was devoted to
the political education of the King. Those present were the due d’Orléans, the duc
de Bourbon, the duc de Charost (who had replaced Villeroy as governor), Fleury
and Dubois. The procedure was that Dubois read aloud a memoir explaining
some aspect of government, and if further explanations were required they were
provided by the duc d’Orléans. Louis was thus given a concise introduction to the
financial system of France, the royal domains and the political configuration of
Europe, drawn up by experts.
46
In addition to the formal sessions noted in the
diary of Dubois the Regent gave many private periods of instruction to Louis, his
first valet told Clairambault, the official genealogist, and sometimes these ran into
several hours of conversation about politics.
47
The Dutch ambassador considered
that the lessons on government were really given to accustom the King to
working with Bourbon, d’Orléans and Dubois in the hope that this would
continue during the majority, with d’Orléans taking the opportunity to
strengthen his personal links with the King.
48
It is in the immediate context of the attempt by the government to secure the
confidence of the King that the surprising rise of Fleury came about. His close