draw upon the funds of this bank to a large amount, and thus to repeat the same fraudulent transactions that would no longer do with the “Seehandlung.” But, as a matter of course, there were no capitalists to be found who would hand over their money upon such conditions; the statutes of the bank had to be altered, and the property of the shareholders guaranteed from the encroachments of the Treasury, before any shares were subscribed for. Thus, this plan having failed, there remained nothing but to try a loan, if capitalists could be found who would lend their cash without requiring the permission and guarantee of that mysterious “future Representation of the People.” Rothchild was applied to, and he declared that if the loan was to be guaranteed by this “Representation of the People,” he would undertake the thing at a moment’s notice—if not, he could not have anything to do with the transaction.
Thus every hope of obtaining money had vanished, and there was no possibility of escaping the fatal “Representation of the People.” Rothschild’s refusal was known in autumn, 1846, and in February of the next year the King called together all the eight Provincial Diets to Berlin, forming them into one “United Diet.” This Diet was to do the work required, in case of need, by the law of 1820; it was to vote loans and increased taxes, but beyond that it was to have no rights. Its voice upon general legislation was to be merely consultative; it was to assemble, not at fixed periods, but whenever it pleased the King;
