CHAPTER VI. 82

Company acquires right of coinage.--Issue of fresh stock and rise in price.--Attempts made to discredit Law.-- Stair’s account of the situation.--Law defeats the anti-scheme.--The concluding proposal of his schemes.-- The Company’s capital and sources of revenue.--Report of directors for 1719.--Law’s bank converted into a Royal bank against Law’s wish.--The Regent divests notes of the bank of their most valuable features.--Provincial branches established.--Restriction of gold and silver tender.--Extravagance of successful speculators.