Memoirs of the Life of John Law of Lauriston: Including a Detailed Account of the Rise, Progress, and Termination of the Mississippi System

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A. Black, 1824 - Capitalists and financiers - 234 pages
 

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Page 77 - You must henceforth look upon Law as the first minister, whose daily discourse is, that he will raise France to a greater height than ever she was, upon the ruin of England and Holland.
Page 167 - Englishman out of his country ; and, as Mr. Law was a subject of Great Britain, it was not even in the king's power to hinder him from coming over. After...
Page 33 - ... of the bank, in one great company, who thus having in their hands all the trade, taxes, and royal revenues, might be enabled to multiply the notes of the bank to any extent they pleased, doubling or even trebling at will the circulating cash of the kingdom ; and by the greatness of their...
Page 79 - Europe ; that he can ruin the trade of England and Holland whenever he pleases ; that he can break our bank whenever he has a mind, and our East India Company. He said publicly the other day at his own table, when Lord Londonderry was present, that there was but one great kingdom in Europe, and one great town — and that was France and Paris.
Page 36 - May 1719, when an edict was published, transferring to them the exclusive privilege of trading to the East Indies, China, and the South Seas, together with all the possessions and effects belonging to the China and India Companies, on condition of paying the lawful debts of these companies now dissolved.
Page 62 - I laid out for you was 5000 livres, as a subscriber to the *fifty millions of stock lately added, of which the tenth part only is paid down, so that 5000 is the first payment of 50,000 livres. The subscription was full, but Mr. Law was so kind as to allow it me: some of the subscribers have already sold their subscriptions for 230, that is, their own money back again, and 130 per cent profit.
Page 32 - The scheme was no less than the vesting of the whole privileges, effects, and possessions of all the foreign trading companies, the great farms, the mint, the general receipt of the king's revenues, and the management and property of the bank, in one great company...
Page 118 - Lundi, j'achetai des actions; Mardi, je gagnai des millions; Mercredi, j'arrangeai mon menage, Jeudi, je pris un equipage, Vendredi, je m'en fus au bal, Et Samedi, a 1'hopital.
Page 42 - ... in the India Company. The frenzy extended to all ranks and classes. ' Clergy and laity, peers and plebeians, statesmen, princes, nay, even ladies who had, or could procure money for that purpose, turned stock-jobbers, outbidding each other.
Page 233 - Brun is probably known to most of our readers as the author of a systematic work on Geography; he is, besides, the editor of a periodical digest, under the...

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