September 1713. The late King reduces the denomination of the silver coin to 28 livres the marc, and the gold in proportion. These reductions were made gradual and progressive, and were finally to take place no sooner than the 2d of September 1715. August 1715. The King declares, that in time coming, the coin was to remain stable at 28 livres the marc of fine silver. September 1715. The King dies. January 2, 1716. The Regent of France orders a new general coinage: raises the silver coin to 40 livres the marc, and calls down the old King’s coin (though of the same weight, fineness, and denomination) 20 _per cent._ May 1716. Mr. Law’s bank established: bank notes coined; and the old coin bought up at great discount. September 6, 1717. Mr. Law’s company of the West established. September 4, 1718. He undertakes the farm of tobacco. September 22, 1718. The first creation of actions of the company of the West to the number of 200,000, subscribed for in state billets, at the rate of 500 livres _per_ action. January 1, 1719. The bank taken from Law, and vested in the King. At this time the number of bank notes coined amounted to 59 millions of livres. April 22, 1719. A new coinage of 51 millions of notes; in which the tenure of the note was changed, and the paper declared _monnoie fixe_. May 1719. Mr. Law’s company of the West incorporated with the company of the East Indies; after which it was called the _Company of the Indies_. June 1719. Created 50,000 new actions of the incorporated company; sold for coin at 550 livres _per_ action. June 10, 1719. Coined of bank notes for 50 millions of livres. June 1719. The mint made over to the company for 50 millions. July 1719. Created 50,000 actions as above, sold, for notes, at 1000 livres _per_ action. July 25, 1719. Coined of bank notes for 240 millions. August 1719. The company obtains the general farms: promises a dividend upon every action of 200 livres: agree to lend the King sixteen hundred millions at 3 _per cent._ and have transferred to them 48 millions _per annum_ for the interest of that sum. September 12, 1719. Coined of bank notes for 120 millions. September 13, 1719. Created no less than 100,000 actions; price fixed at 5000 livres _per_ action. September 28, 1719. Created 100,000 more actions, price as the former, fixed at 5000 livres each. October 2, 1719. Created 100,000 more actions, price as the former, at 5000 livres each. October 4, 1719. Coined by the Regent’s private order, not delivered to the company, 24,000 more actions, which compleated the number of 624,000 actions; beyond which they never extended. October 24, 1719. Coined of bank notes for 120 millions. December 29, 1719. Coined of bank notes for 129 millions. January 1720. Coined of bank notes for 21 millions. February 1720. Coined of bank notes for 279 millions. February 22, 1720. Incorporation of the bank with the company of the Indies.