Memoirs of Louis XIV and His Court and of the Regency — Volume 13 by duc de Louis de Rouvroy Saint-Simon
page 44 of 79 (55%)
page 44 of 79 (55%)
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le Duc d'Orleans, M. le Duc, and his mother, tried to persuade others, by
getting rid of their immense stores of jewels, that is to say, by sending them abroad on a journey--nothing more: not a person was duped by this example; not a person omitted to conceal his jewels very carefully: a thing much more easy to accomplish than the concealment of gold or silver coin, on account of the smaller value of precious stones. This jewellery eclipse was not of long duration. CHAPTER CI Immediately after the issue of this decree an edict was drawn up for the establishment of an Indian commercial company, which was to undertake to reimburse in a year six, hundred millions of bank notes, by paying fifty thousand dollars per month. Such was the last resource of Law and his system. For the juggling tricks of the Mississippi, it was found necessary to substitute something real; especially since the edict of the 22nd of May, so celebrated and so disastrous for the paper. Chimeras were replaced by realities--by a true India Company; and it was this name and this thing which succeeded, which took the place of the undertaking previously known as the Mississippi. It was in vain that the tobacco monopoly and a number of other immense monopolies were given to the new company; they could not enable it to meet the proper claims spread among the public, no matter what trouble might be taken to diminish them at all hazard and at all loss. It was now necessary to seek other expedients. None could be found except that of rendering this company a commercial one; this was, under a |
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