John Law of Lauriston Financier and Statesman, Founder of the Bank of France, Originator of the Mississippi Scheme, Etc.

CHAPTER XI. 171

Chapter 1182 wordsPublic domain

New measures prove ineffectual.--New edict issued fixing price of shares and depreciating value of notes.--Authorship of edict.--People hostile to edict.--Parliament refuses to register it, and a revocation is issued.--Law deposed from office of Controller-General.--D’Aguessau reinstated in his former office.--New schemes for absorption of bank-notes.-- Widespread distress produced amongst community.--Law’s person in danger.--Stock-jobbers establish themselves in the gardens of the Hotel de Soissons.--Parliament exiled to Pontoise, and Bank closed for an indefinite period.