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; it was to discuss nothing but what the Government pleased to lay before it. Of course, the members were very little satisfied with the part they were expected to perform. They repeated the wishes they had enounced when they met in the provincial assembles; the relations between them and the Government soon became acrimonious, and when the loan, which was again stated to be required for railway constructions, was demanded from them, they again refused to grant it.
This vote very soon brought their sitting to a close. The King, more and more exasperated, dismissed them with a reprimand, but still remained without money. And, indeed, he had every reason to be alarmed at his position, seeing that the Liberal League, headed by the middle classes, comprising a large part of the lower nobility, and all the different sections of the lower orders--that this Liberal League was determined to have what it wanted.
In vain the King had declared, in the openings speech, that he would never, never grant a Constitution in the modern sense of the word; the Liberal League insisted upon such a modern, anti-feudal, Representative Constitution, with all its sequels, Liberty of the Press, Trial by Jury, etc-.; and before they got it, not a farthing of money would they grant. There was one thing evident: that things could not go on long in this manner, and that either one of the parties must give way, or that a rupture--a bloody struggle--must ensue. And the middle classes knew that they were on the eve of a revolution, and they prepared themselves for it. They sought to obtain by every possible means the support of the working class of the towns, and of the peasantry in the agricultural districts, and it is well known that there was, in the latter end of 1847, hardly a single prominent political character among the bourgeoisie who did not proclaim himself a "Socialist," in order to insure to himself the sympathy of the proletarian class. We shall see these "Socialists" at work by and by.
