Spain wished to pay the 32,000,000 which were due to France as soon as possible, but her coffers were empty, and goodwill does not ensure ability; besides, in addition to the distress of the Government, there was a dreadful famine in Spain. In this state of things Ouvrard proposed to the Spanish Government to pay the debt due to France, to import a supply of corn, and to advance funds for the relief of the Spanish Treasury. For this he required two conditions. (1.) The exclusive right of trading with America. (2.) The right of bunging from America on his own account all the specie belonging to the Crown, with the power of making loans guaranteed and payable by the Spanish Treasuries.
About the end of July 1805 the embarrassment which sometime before had begun to be felt in the finances of Europe was alarmingly augmented.
Under these circumstances it was obviously the interest of Ouvrard to procure payment as soon as possible of the 32,000,000 which he had advanced for Spain to the French Treasury. He therefore redoubled his efforts to bring his negotiation to a favourable issue, and at last succeeded in getting a deed of partnership between himself and Charles IV. which contained the following stipulation:-- Ouvrard and Company are authorised to introduce into the ports of the New World every kind of merchandise and production necessary for the consumption of those countries, and to export from the Spanish Colonies, during the continuance of the war with England; all the productions and all specie derivable from them." This treaty was only to be in force during the war with England, and it was stipulated that the profits arising from the transactions of the Company should be equally divided between Charles IV. and the rest of the Company; that is to say, one-half to the King and the other half to his partners.
The consequences of this extraordinary partnership between a King and a private individual remain to be stated. On the signing of the deed Ouvrard received drafts from the Treasury of Madrid to the extent of 52,500,000 piastres; making 262,500,000 francs; but the piastres were to be brought from America, while the terms of the treaty required that the urgent wants of the Spanish Government should be immediately supplied, and, above all, the progress of the famine checked. To accomplish this object fresh advances to an enormous amount were necessary, for M.
Ouvrard had to begin by furnishing 2,000,000 of quintals of grain at the rate of 26 francs the quintal. Besides all this, before he could realise a profit and be reimbursed for the advances he had made to the Treasury of Paris, be had to get the piastres conveyed from America to Europe.
After some difficulty the English Government consented to facilitate the execution of the transaction by furnishing four frigates for the conveyance of the piastres.
Ouvrard had scarcely completed the outline of his extraordinary enterprise when the Emperor suddenly broke up his camp at Boulogne to march to Germany. It will readily be conceived that Ouvrard's interests then imperatively required his presence at Madrid; but he was recalled to Paris by the Minister of the Treasury, who wished to adjust his accounts.
The Emperor wanted money for the war on which he was entering, and to procure it for the Treasury Ouvrard was sent to Amsterdam to negotiate with the House of Hope. He succeeded, and Mr. David Parish became the Company's agent.
Having concluded this business Ouvrard returned in all haste to Madrid; but in the midst of the most flattering hopes and most gigantic enterprises he suddenly found himself threatened with a dreadful crisis.
M. Desprez, as has been stated, had, with the concurrence of the Treasury, been allowed to take upon himself all the risk of executing the treaty, by which 150,000,000 were to be advanced for the year 1804, and 400,000,000 for the year 1805. Under the circumstances which had arisen the Minister of the Treasury considered himself entitled to call upon Ouvrard to place at his disposal 10,000,000 of the piastres which he had received from Spain. The Minister at the same time informed him that he had made arrangements on the faith of this advance, which he thought could not be refused at so urgent a moment.
The embarrassment of the Treasury, and the well-known integrity of the Minister, M. de Barbe Marbois, induced Ouvrard to remit the 10,000,000 piastres. But a few days after he had forwarded the money a Commissioner of the Treasury arrived at Madrid with a ministerial despatch, in which Ouvrard was requested to deliver to the Commissioner all the assets he could command, and to return immediately to Paris.
