Memoirs of Louis XIV and His Court and of the Regency — Volume 13 by duc de Louis de Rouvroy Saint-Simon
page 27 of 79 (34%)
page 27 of 79 (34%)
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Meanwhile the Mississippi scheme went on more swimmingly than ever. It was established in the Rue Quincampoix, from which horses and coaches were banished. About the end of October of this year, 1817, its business so much increased, that the office was thronged all day long, and it was found necessary to place clocks and guards with drums at each end of the street, to inform people, at seven o'clock in the morning, of the opening of business, and of its close at night: fresh announcements were issued, too, prohibiting people from going there on Sundays and fete days. Never had excitement or madness been heard of which approached this. M. le Duc d'Orleans distributed a large number of the Company's shares to all the general officers and others employed in the war against Spain. A month after, the value of the specie was diminished; then the whole of the coin was re-cast. Money was in such abundance--that is to say, the notes of Law, preferred then to the metallic currency--that four millions were paid to Bavaria, and three millions to Sweden, in settlement of old debts. Shortly after, M. le Duc d'Orleans gave 80,000 livres to Meuse; and 80,000 livres to Madame de Chateauthiers, dame d'atours of Madame. The Abbe Alari, too, obtained 2000 livres pension. Various other people had augmentation of income given to them at this time. Day by day Law's bank and his Mississippi increased in favour. The confidence in them was complete. People could not change their lands and their houses into paper fast enough, and the result of this paper was, that everything became dear beyond all previous experience. All heads were turned, Foreigners envied our good fortune, and left nothing undone |
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