Memoirs of Louis XIV and His Court and of the Regency — Volume 13 by duc de Louis de Rouvroy Saint-Simon
page 38 of 79 (48%)
page 38 of 79 (48%)
![]() | ![]() |
|
This violence was, however, too excessive, and in every respect too indefensible to last long; new paper and new juggling tricks were of necessity resorted to; the latter were known to be such--people felt them to be such--but they submitted to them rather than not have twenty crowns in safety in their houses; and a greater violence made people suffer the smaller. Hence so many projects, so many different faces in finance, and all tending to establish one issue of paper upon another; that is to say, always causing loss to the holders of the different paper (everybody being obliged to hold it), and the universal multitude. This is what occupied all the rest of the government, and of the life of M. le Duc d'Orleans; which drove Law out of the realm; which increased six-fold the price of all merchandise, all food even the commonest; which ruinously augmented every kind of wages, and ruined public and private commerce; which gave, at the expense of the public, sudden riches to a few noblemen who dissipated it, and were all the poorer in a short time; which enabled many financiers' clerks, and the lowest dregs of the people, profiting by the general confusion, to take advantage of the Mississippi, and make enormous fortunes; which occupied the government several years after the death of M. le Duc d'Orleans; and which, to conclude, France never will recover from, although it may be true that the value of land is considerably augmented. As a last affliction, the all-powerful, especially the princes and princesses of the blood, who had been mixed up, in the Mississippi, and who had used all their authority to escape from it without loss, re-established it upon what they called the Great Western Company, which with the same juggles and exclusive trade with the Indies, is completing the annihilation of the trade of the realm, sacrificed to the enormous interest of a small number of private individuals, whose hatred and vengeance the government has not dared to draw upon itself by attacking their delicate privileges. |
|