John Law of Lauriston: Financier and Statesman, Founder of the Bank of France, Originator of the Mississippi Scheme, Etc.Wiston-Glynn, A. W.
History
John Law of Lauriston: Financier and Statesman, Founder of the Bank of France, Originator of the Mississippi Scheme, Etc.
Wiston-Glynn, A. W.
Law, John, 1671-1729
of this body, the Regent feared they would place obstacles in the
way. But the Duc de Saint-Simon was equal to the emergency, and, in
his own voluble and consequential way, has recorded with much detail
the measures he adopted for carrying out the proposal. He assumed
responsibility for all the arrangements, and with gossipy fulness tells
how he prepared for holding the Bed of Justice at the Tuileries,
keeping it a profound secret until the very morning it was to be
convened, and how the summons to attend was only to be issued a few
hours before. The precautions although somewhat elaborate were all
required. The step was highly critical for the Regent. It involved not
only the recognition of his authority as Regent, but, in the event
of its being unsuccessful, his deprivation of the Regency itself. In
short, it could only be justified by a successful conclusion, a result
which was ultimately attained, although by means of a high-handed and
arbitrary nature. Throughout the whole of the proceedings, the Regent
displayed a firmness and resolution which can only be attributed to
the desperation of his position. They were sufficient, however, to
the end he had in view, although by no means features characteristic
of his general conduct. The Parliament was over-awed; the decree was
abrogated; and Law once more regained his freedom. Thus was Law the
innocent instrument of the degradation of the French Parliament, and
the establishment of a despotism oriental in its thoroughness and
far-reaching in its effects.
Public-domain text, read in full here on John Shaqi.
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