Memoirs of Extraordinary Popular Delusions — Volume 1 by Charles Mackay
page 58 of 314 (18%)
page 58 of 314 (18%)
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A mis la France a l'Hopital."
His brother, William Law, who had been concerned with him in the administration both of the Bank and the Louisiana Company, was imprisoned in the Bastile for alleged malversation, but no guilt was ever proved against him. He was liberated after fifteen months, and became the founder of a family, which is still known in France under the title of Marquises of Lauriston. In the next chapter will be found an account of the madness which infected the people of England at the same time, and under very similar circumstances, but which, thanks to the energies and good sense of a constitutional government, was attended with results far less disastrous than those which were seen in France. THE SOUTH SEA BUBBLE At length corruption, like a general flood, Did deluge all, and avarice creeping on, Spread, like a low-born mist, and hid the sun. Statesmen and patriots plied alike the stocks, Peeress and butler shared alike the box; And judges jobbed, and bishops bit the town, And mighty dukes packed cards for half-a-crown: Britain was sunk in lucre's sordid charms. --Pope. The South Sea Company was originated by the celebrated Harley, Earl of Oxford, in the year 1711, with the view of restoring public |
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