Memoirs of Louis XIV and His Court and of the Regency — Volume 13 by duc de Louis de Rouvroy Saint-Simon
page 53 of 79 (67%)
page 53 of 79 (67%)
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nobody ever could get to the bottom of it, though he spoke easily, well
and clearly, but with a good deal of English in his French. He remained several years at Venice, upon very scanty means, and died there a Catholic, having lived decently, but very humbly, wisely, and modestly, and received with piety the last sacraments of the Church. Thus terminates all I have to say of Law. But a painful truth remains. I have to speak of the woful disorder in the finances which his system led to, disorder which was not fully known until after his departure from France. Then people saw, at last, where all the golden schemes that had flooded upon popular credulity had borne us;--not to the smiling and fertile shores of Prosperity and Confidence, as may be imagined; but to the bleak rocks and dangerous sands of Ruin and Mistrust, where dull clouds obscure the sky, and where there is no protection against the storm. CHAPTER CII Not long after the flight of Law, that is to say, on Sunday, the 24th of January, of the new year, 1721, a council was held at the Tuileries, at four o'clock in the afternoon, principally for the purpose of examining the state of the finances and of Law's Bank and India Company. It was, in fact, high time to do something to diminish the overgrown disorder and confusion everywhere reigning. For some time there had been complete stagnation in all financial matters; the credit of the King had step by step diminished, private fortune had become more and more uncertain. The |
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