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

CHAPTER V. 66

Chapter 565 wordsPublic domain

Exaggerated accounts of resources of Louisiana.-- Law’s judgment at fault.--His ultimate aim.--He creates an artificial rise in the value of Company shares.--His unsuccessful efforts to gain influence over Saint-Simon.--Acquisition of Tobacco monopoly.-- Absorption of other companies.--Reconstitution of West India Company.--Parliamentary opposition overcome.-- “Mothers” and “Daughters”.--Excited speculation in shares.--Issue of notes to colonists.--A pioneer’s account of Louisiana.