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

CHAPTER II. 15

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Unsettled condition of Scottish politics in 1700.-- Financial and commercial insecurity of country.--Law’s solution of difficulties.--Land Bank.--Supported by Court party.--Rejected by Parliament.--Again resorts to gambling.--Returns to Continent.--Expelled from Holland.--Visits Paris.--Discusses finance with Duc d’Orleans.--Expelled by Lieutenant General of Police.-- Submits proposals to Louis XIV. without success.--Again attempts to secure adoption of proposals by France.-- Financial condition of France.--Earl of Stair’s friendship with Law.