At the end of the same year, 1720, whilst he was at Brussels he was
asked by the command of the Czar (Peter), to administer the finances of
Russia, but declined. After this episode, grateful to a broken man, he
spent a couple of years wandering about Italy and Germany and probably
gaming a fluctuating income through gambling. Next he was to be found
in Copenhagen where he had sought sanctuary from his creditors. Next
year there was an outward change in his status, when he went to
England, on a ship of war, at the invitation of the Government. There
he was presented to George I. Somewhat to his chagrin he was denounced
in the House of Lords as a Catholic--(he had abjured his old belief of
Protestantism before accepting the high office of Controller-General
of Finances in 1720)--and an adherent of the Pretender. He pleaded in
the King’s Bench the Royal pardon for the murder of Beau Austin which
had been sent to him in 1719. He spent the succeeding few years in
England whence he corresponded with the Duke of Orleans. He expected
to be recalled to France but his hope was never realised. He wished to
go to the Continent but was practically a prisoner in England, fearing
to leave it lest he should be arrested by his creditors, amongst whom
was the new French East India Company which had been reconstructed on
the ruins of the old. In 1725 Sir Robert Walpole, then Prime Minister,
asked Lord Townshend, the Secretary of State, to give Law a King’s
commission of some sort, so that such might serve for his protection.
In the same year he went to Italy. He died in Venice in 1729, in what,
compared with his former state, was poverty. To the last he was a
gambler, always ready to take long risks for a prospect, however
remote, of large gain. A story is told that in his last years he
wagered his last thousand pounds to a shilling (20,000 to 1) against
the throwing of double sixes six consecutive times. The law of chances
was with him and naturally he won. He renewed his wager but the
authorities would not allow the further gamble to take place.
John Law married, quite early in life, the daughter of the Earl of
Banbury and widow of Mr. Seignior. His widow died in 1747. Some of
the members of his family were not undistinguished; his son died a
Colonel in the Austrian service; and one of his nephews became Comte de
Lauriston and rose to be a General in the French army and Aide-de-Camp
to the first Napoleon. He was made a Marshal of France by Louis XVIII.
John Law was a handsome and distinguished-looking man, blonde, with
small dark grey eyes and fresh complexion. He made an agreeable
impression on strangers. Saint-Simon, the social historian, gave him a
good character: “innocent of greed and knavery, a mild good man whom
fortune had not spoilt.” Others of his time regarded him as a pioneer
of modern statesmanship.
Public-domain text, read in full here on John Shaqi.
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