Caricature and Other Comic Art in All Times and Many Lands.Parton, James
History
Caricature and Other Comic Art in All Times and Many Lands.
Parton, James
Caricature -- History
The excitement, once kindled, was stimulated by lying announcements of
the sailing of great fleets for Louisiana laden with merchandise and
colonists; of the arrival of vessels with freights worth "millions;" of
the establishment of a silk-factory, wherein twelve thousand women of
the Natchez tribe were employed; of the bringing of Louisiana ingots to
the Mint to be assayed; of the discovery in Arkansas of a great rock of
emerald, and the dispatch of Captain Laharpe with a file of twenty-two
men to take possession of the same. In 1718 Law sent engineers to
Louisiana, who did something toward laying out its future capital, which
he named New Orleans, in honor of his patron, the regent.
The royal paper rose rapidly under this new demand. Other schemes
followed, until John Law, through his various companies, seemed about to
"run" the kingdom of France by contract, farming all its revenues,
transacting all its commerce, and, best of all, paying all its debts!
Madness, ruled the hour. The depreciated paper rose, rose, and still
rose; reached par; went beyond par, until gold and silver were at a
discount of ten per cent. The street named Quincampoix, the centre and
vortex of this whirl of business, a mere lane twenty feet wide and a
quarter of a mile long, was crowded with excited people from morning
till night, and far into the night, so that the inhabitants of the
quarter sent to the police a formal complaint that they could get no
sleep. Nobles, lackeys, bishops, monks, merchants, soldiers, women,
pickpockets, foreigners, all resorted to _La Rue_, "panting, yelling,
operating, snatching papers, counting crowns," making up a scene of
noisy confusion unexampled. One man hired all the vacant houses in the
street, and made a fortune by subletting offices and desk-room, even
placing sentry-boxes on some of the roofs, and letting them at a good
price. The excitement spread over France, reached Holland, and drew to
Paris, as was estimated at the time, five hundred thousand strangers,
places in the public vehicles being engaged "two months in advance," and
commanding a high premium.
Public-domain text, read in full here on John Shaqi.
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