History of Friedrich II of Prussia V 19 [5]
who is vouched for as impartial, bears witness as follows: 'And this I know, that the oppressions and plunderings of the Austrians and Reichsfolk, in Saxony, turned all hearts away from them; and it was publicly said, We had rather bear the steady burden of the Prussians than such help as these our pretended Deliverers bring.' [Stenzel (citing from KRIEGSKANZLEI, which I have not), v. 137 n.] Whereby, on the whole, the poor Country got its back broken, and could never look up in the world since. Resource FIRST was abundantly severe.
"Resource SECOND is strangest of all;--and has given rise to criticism enough! It is no other than that of issuing base money; mixing your gold and silver coin with copper,--this, one grieves to say, is the Second and extreme resource. (A rude method--would we had a better--of suspending Cash-payments, and paying by bank-notes instead!' thinks Friedrich, I suppose. From his Prussian Mints, from his Saxon [which are his for the present], and from the little Anhalt-Bernburg Mint [of which he expressly purchased the sad privilege,--for we are not a Coiner, we are a King reduced to suspend Cash-payments, for the time being], Friedrich poured out over all Germany, in all manner of kinds, huge quantities of bad Coin. This, so long as it would last, is more and more a copious fountain of supply. This, for the first time, has had to appear as an item in War-Budget 1759: and it fails in no following, but expands more and more. It was done through Ephraim, the not lovely Berlin Jew, whom we used to hear of in Voltaire's time;--through Ephraim and two others, Ephraim as President: in return for a net Sum, these shall have privilege to coin such and such amounts, so and so alloyed; shall pay to General Tauentzien, Army Treasurer, at fixed terms, the Sums specified: 'Go, and do it; our Mint-Officers sharply watching you; Mint-Officers, and General Tauentzien [with a young Herr Lessing, as his Chief Clerk, of whom the King knows nothing]; Go, ye unlovely!' And Ephraim and Company are making a great deal of money by the unlovely job. Ephraim is the pair of tongs, the hand, and the unlovely job, are a royal man's. Alas, yes. And none of us knows better than King Friedrich, perhaps few of us as well, how little lovely a job it was; how shockingly UNkingly it was,--though a practice not unknown to German Kings and Kinglets before his time, and since down almost to ours. [In STENZEL (v. 141) enumeration of eight or nine unhappy Potentates, who were busy with it in those same years.] In fact, these are all unkingly practices;--and the English Subsidy itself is distasteful to a proud Friedrich: but what, in those circumstances, can any Friedrich do?
"The first coinages of Ephraim had, it seems, in them about 3-7ths of copper; something less than the half, and more than the third," --your gold sovereign grown to be worth 28s. 6d. "But yearly it grew worse; and in 1762 [English Subsidy having failed] matters had got inverted; and there was three times as much copper as silver. Commerce, as was natural, went rocking and tossing, as on a sea under earthquakes; but there was always ready money among Friedrich's soldiers, as among no other: nor did the common people, or retail purchasers, suffer by it. 'Hah, an Ephraimite!' they would say, grinning not ill-humoredly, at sight of one of these pieces; some of which they had more specifically named 'BLUE-GOWNS' [owing to a tint of blue perceivable, in spite of the industrious plating in real silver, or at least "boiling in some solution" of it]; these they would salute with this rhyme, then current:--
"Von aussen schon, van innen schlimm; Von aussen Friedrich, von innen Ephraim. Outside noble, inside slim: Outside Friedrich, inside Ephraim.
"By this time, whatever of money, from any source, can be scraped together in Friedrich's world, flows wholly into the Army-Chest, as the real citadel of life. In these latter years of the War, beginning, I could guess, from 1759, all Civil expenditures, and wages of Officials,
"Resource SECOND is strangest of all;--and has given rise to criticism enough! It is no other than that of issuing base money; mixing your gold and silver coin with copper,--this, one grieves to say, is the Second and extreme resource. (A rude method--would we had a better--of suspending Cash-payments, and paying by bank-notes instead!' thinks Friedrich, I suppose. From his Prussian Mints, from his Saxon [which are his for the present], and from the little Anhalt-Bernburg Mint [of which he expressly purchased the sad privilege,--for we are not a Coiner, we are a King reduced to suspend Cash-payments, for the time being], Friedrich poured out over all Germany, in all manner of kinds, huge quantities of bad Coin. This, so long as it would last, is more and more a copious fountain of supply. This, for the first time, has had to appear as an item in War-Budget 1759: and it fails in no following, but expands more and more. It was done through Ephraim, the not lovely Berlin Jew, whom we used to hear of in Voltaire's time;--through Ephraim and two others, Ephraim as President: in return for a net Sum, these shall have privilege to coin such and such amounts, so and so alloyed; shall pay to General Tauentzien, Army Treasurer, at fixed terms, the Sums specified: 'Go, and do it; our Mint-Officers sharply watching you; Mint-Officers, and General Tauentzien [with a young Herr Lessing, as his Chief Clerk, of whom the King knows nothing]; Go, ye unlovely!' And Ephraim and Company are making a great deal of money by the unlovely job. Ephraim is the pair of tongs, the hand, and the unlovely job, are a royal man's. Alas, yes. And none of us knows better than King Friedrich, perhaps few of us as well, how little lovely a job it was; how shockingly UNkingly it was,--though a practice not unknown to German Kings and Kinglets before his time, and since down almost to ours. [In STENZEL (v. 141) enumeration of eight or nine unhappy Potentates, who were busy with it in those same years.] In fact, these are all unkingly practices;--and the English Subsidy itself is distasteful to a proud Friedrich: but what, in those circumstances, can any Friedrich do?
"The first coinages of Ephraim had, it seems, in them about 3-7ths of copper; something less than the half, and more than the third," --your gold sovereign grown to be worth 28s. 6d. "But yearly it grew worse; and in 1762 [English Subsidy having failed] matters had got inverted; and there was three times as much copper as silver. Commerce, as was natural, went rocking and tossing, as on a sea under earthquakes; but there was always ready money among Friedrich's soldiers, as among no other: nor did the common people, or retail purchasers, suffer by it. 'Hah, an Ephraimite!' they would say, grinning not ill-humoredly, at sight of one of these pieces; some of which they had more specifically named 'BLUE-GOWNS' [owing to a tint of blue perceivable, in spite of the industrious plating in real silver, or at least "boiling in some solution" of it]; these they would salute with this rhyme, then current:--
"By this time, whatever of money, from any source, can be scraped together in Friedrich's world, flows wholly into the Army-Chest, as the real citadel of life. In these latter years of the War, beginning, I could guess, from 1759, all Civil expenditures, and wages of Officials,