“ When Chamillart found his double functions too heavy, and retaining the ministry of war resigned that of finance in 1708, Desmarets succeeded him. The situation was exceedingly grave. The ordinary revenues of the year 1708 amounted to 81,977,007 livres, of which 57,833,233 livres had already been spent by anticipation, and the expenses to meet were 200,251,447 livres. In 1709 a famine reduced still more the returns from taxes. Yet Desmarets’s reputation renewed the credit of the state, and financiers consented to advance money they had refused to the king. ”