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Memoirs of Louis XIV and His Court and of the Regency — Volume 08 by duc de Louis de Rouvroy Saint-Simon
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against the finance people, who lived upon the very marrow of the people;
spoke with a just and holy anger that recalled the memory of Saint-Louis,
of Louis XII., Father of the People, and of Louis the Just. Monseigneur,
too, moved by this indignation, so unusual, of his son, sided with him,
and showed anger at so many exactions as injurious as barbarous, and at
so many insignificant men so monstrously enriched with the nation's
blood. Both father and son infinitely surprised those who heard them,
and made themselves looked upon, in some sort as resources from which
something might hereafter be hoped for. But the edict was issued, and
though there might be some hope in the future, there was none in the
present. And no one knew who was to be the real successor of Louis XIV.,
and how under the next government we were to be still more overwhelmed
than under this one.

One result of this tax was, that it enabled the King to augment all his
infantry with five men per company.

A tax was also levied upon the usurers, who had much gained by
trafficking in the paper of the King, that is to say, had taken advantage
of the need of those to whom the King gave this paper in payment. These
usurers are called 'agioteurs'. Their mode was, ordinarily, to give, for
example, according as the holder of paper was more or less pressed, three
or four hundred francs (the greater part often in provisions), for a bill
of a thousand francs! This game was called 'agio'. It was said that
thirty millions were obtained from this tax. Many people gained much by
it; I know not if the King was the better treated.

Soon after this the coin was re-coined, by which much profit was made for
the King, and much wrong done to private people and to trade. In all
times it has, been regarded as a very great misfortune to meddle with
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