M. le Duc d’Orleans exceedingly relished my project, which we much discussed.  This point arrived at, it became necessary to debate upon the persons who were to form these councils.  I suggested names, which were accepted or set aside, according as they met his approval or disapprobation.  “But,” said M. le Duc d’Orleans, after we had been a long time at this work, “you propose everybody and never say a word of yourself.  What do you wish to be?”

I replied, that it was not for me to propose, still less to choose any office, but for him to see if he wished to employ me, believing me capable, and in that case to determine the place he wished me to occupy.  This was at Marly, in his chamber, and I shall never forget it.

After some little debate, that between equals would have been called complimentary, he proposed to me the Presidency of the Council of Finance.  But I had good reasons for shrinking from this office.  I saw that disordered as the finances had become there was only one remedy by which improvement could be effected; and this was National Bankruptcy.  Had I occupied the office, I should have been too strongly tempted to urge this view, and carry it out, but it was a responsibility I did not wish to take upon myself before God and man.  Yet, I felt as I said, that to declare the State bankrupt would be the wisest course, and I am bold enough to think, that there is not a man, having no personal interest in the continuance of imposts, who of two evils, viz., vastly increased taxation, and national failure, would not prefer the latter.  We were in the condition of a man who unfortunately must choose between passing twelve or fifteen years in his bed, in continual pain, or having his leg cut off.  Who can doubt this? he would prefer the loss of his leg by a painful operation, in order to find himself two months after quite well, free from suffering and in the enjoyment of all his faculties.

I shrunk accordingly from the finances for the reason I have above given, and made M. le Duc d’Orleans so angry by my refusal to accept the office he had proposed to me, that for three weeks he sulked and would not speak to me, except upon unimportant matters.

At the end of that time, in the midst of a languishing conversation, he exclaimed, “Very well, then.  You stick to your text, you won’t have the finances?”

I respectfully lowered my eyes and replied, in a gentle tone, that I thought that question was settled.  He could not restrain some complaints, but they were not bitter, nor was he angry, and then rising and taking a few turns in the room, without saying a word, and his head bent, as was his custom when embarrassed, he suddenly spun round upon me, and exclaimed, “But whom shall we put there?”

I suggested the Duc de Noailles, and although the suggestion at first met with much warm opposition from M. le Duc d’Orleans, it was ultimately accepted by him.