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NECKER, JACQUES (1732—1804)

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Originally appearing in Volume V19, Page 338 of the 1911 Encyclopedia Britannica.
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NECKER, JACQUES (1732—1804) , See also:French statesman, See also:finance See also:minister of See also:Louis XVI., was See also:born at See also:Geneva in See also:Switzerland. His See also:father was a native of Ciistrin in See also:Pomerania, and had, after the publication of some See also:works on See also:international See also:law, been elected as See also:professor of public law at Geneva, of which he became a See also:citizen. Jacques Necker had been sent to See also:Paris in 1747 to become a clerk in the See also:bank of a friend of his father, M. See also:Vernet. He soon afterwards established, with another Genevese, the famous bank of Thellusson & Necker. Thellusson superintended the bank in See also:London (his See also:grandson was made a peer as See also:Lord Rendlesham), while Necker was managing partner in Paris. Both partners became very See also:rich by loans to the See also:treasury and speculations in See also:grain. In 1763 Necker See also:fell in love with Madame de Vermenou, the widow of a French officer. But while on a visit to Geneva, Madame de Vermenou met Suzanne Curchod, the daughter of a pastor near See also:Lausanne, to whom See also:Gibbon had beenengaged, and brought her back as her See also:companion to Paris in 1764. There Necker, transferring his love from the widow to the poor Swiss girl, married Suzanne before the end of the See also:year. She encouraged her See also:husband to try and make himself a public position. He accordingly became a See also:syndic or director of the French See also:East See also:India See also:Company, and, after showing his See also:financial ability in its management, defended it in an able memoir against the attacks of A.

See also:

Morellet in 1769. Meanwhile he had made See also:interest with the French See also:government by lending it See also:money, and was appointed See also:resident at Paris by the See also:republic of Geneva. Madame Necker entertained the See also:chief leaders of the See also:political, financial and See also:literary worlds of Paris, and her Fridays became as greatly frequented as the Mondays of Madame See also:Geoffrin, or the Tuesdays of Madame Helvetius. In 1773 Necker won the See also:prize of the Academie Francaise for an eloge on See also:Colbert, and in 1775 published his Essai sur la legislation et le See also:commerce See also:des grains, in which he attacked the See also:free-See also:trade policy of See also:Turgot. His wife now believed he could get into See also:office as a See also:great financier, and made him give up his See also:share in the bank, which he transferred to his See also:brother Louis. In See also:October 1776 Necker was made finance minister of See also:France, though with the See also:title only of, director of the treasury, which, however, he changed in 1777 for that of director-See also:general of the finances. He did great See also:good in regulating the finances by attempting to See also:divide the See also:taille or See also:poll tax more equally, by abolishing the " vingtieme d'industrie," and establishing monts de piete (establishments for loaning money on See also:security). But his greatest financial See also:measures were his See also:attempt to fund the French See also:debt and his See also:establishment of annuities under the See also:guarantee of the See also:state. The operation of funding was too difficult to be suddenly accomplished, and Necker rather pointed out the right See also:line to be followed than completed the operation. In all this he treated French finance rather as a banker than as a profound political economist, and thus fell far See also:short of Turgot, who was the very greatest economist of his See also:day. Politically he did not do much to stave off the coming Revolution, and his establishment of provincial assemblies was only a timid application of Turgot's great See also:scheme for the administrative reorganization of France. In 1781 he published his famous Compte rendu, in which he See also:drew the See also:balance See also:sheet of France, and was dismissed from his office.

Yet his dismissal was not really due to his See also:

book, but to the See also:influence of See also:Marie Antoinette, whose schemes for benefiting the duc de See also:Guines he had thwarted. In retirement he occupied himself with literature, and with his only See also:child, his daughter, who in 1786 married the See also:ambassador of See also:Sweden and became Madame de See also:Stael (q.v.). But neither Necker nor his wife cared to remain out of office, and in 1787 Necker was banished by " lettre de cachet " 40 leagues from Paris for attacking See also:Calonne. In 1788 the See also:country, which had at the bidding of the literary guests of Madame Necker come to believe that Necker was the only minister who could " stop the deficit," as they said, demanded Necker's recall, and in See also:September 1788 he became once more director-general of the finances. Through-out the momentous months which followed the See also:biography of Necker is See also:part of the See also:history of the French Revolution (q.v.). Necker put a stop to the See also:rebellion in See also:Dauphine by legalizing its See also:assembly, and then set to See also:work to arrange for the See also:summons of the states general. Throughout the See also:early months of 1789 he was regarded as the saviour of France, but his conduct at the See also:meeting of the states general showed that he regarded it merely as an assembly which should See also:grant money, not organize reforms. But as he had advised the calling of the states general, and the See also:double See also:representation of the third See also:estate, and then permitted the orders to deliberate and See also:vote in See also:common, he was regarded as the cause of the Revolution by the See also:court, and on See also:July 11 was ordered to leave France at once. Necker's dismissal brought about the taking of the See also:Bastille, which induced the See also:king to recall him. He was received with joy in every See also:city he traversed, but at Paris he again proved to be no statesman. Believing that he could See also:save France alone, he refused to See also:act with See also:Mirabeau or La Fayette. He caused the king's See also:acceptance of the suspensive See also:veto, by which he sacrificed his chief See also:prerogative in September, and destroyed all See also:chance of a strong executive by contriving the See also:decree of See also:November 7, by which the See also:ministry might not be chosen from the assembly.

Financially he proved equally incapable for a See also:

time of crisis, and could not understand the need of such extreme measures as the establishment of See also:assignats in See also:order to keep the country quiet. His popularity vanished when his only See also:idea was to ask the assembly for new loans, and in September 1790 he resigned his office, unregretted by a single Frenchman. Not without difficulty he reached Coppet, near Geneva, an estate he had bought in 1784. Here he occupied himself with literature, but Madame Necker pined for her Paris See also:salon and died in 1794. He continued to live on at Coppet, °under the care of his daughter, Madame de Stael, and his niece, Madame Necker de See also:Saussure, but his time was past, and his books had no political influence. A momentary excitement was caused by the advance of the French armies in 1798, when he burnt most of his political papers. He died at Coppet in See also:April 1804. finance (1802); Manuscrits de M. Necker, published by his daughter (1804); Suites funestes d'une seule faute, published after his See also:death. See also Le Salon de Madame Necker, by the Vicomte d'See also:Haussonville (2 vols., 1882), compiled from the papers at Coppet; Ch. Gomel, See also:Les Causes financieres de la revolution francaise (Paris, 1892) ; and for contemporary tracts and See also:pamphlets M. See also:Tourneux, Bibl. de l'histoire de Paris See also:pendant la revolution (vol. iv., 1906); also (for the earlier ones) Collection See also:complete de tous les ouvrages pour et contre M.

Necker, avec des notes critiques . . . (3 vols., See also:

Utrecht, 1781). (H. M. S.; J. T.

End of Article: NECKER, JACQUES (1732—1804)

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