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
Fortune, however, did not shine on all the members of the nobility
of France. Many were unable or unwilling to take advantage of the
opportunities offered them for enrichment. Of the latter the most
conspicuous were Chancellor D’Aguessau, the Duc de Saint-Simon, the
Duc de la Rochefoucauld, Marshal de Villeroy and Marshall de Villars.
For the former other means were discovered for acquiring wealth than
direct speculation, means less creditable, if not more discreditable.
The institution of marriage was utilized by the poor nobility to
replenish their finances. Many of the _nouveaux riches_ were only too
pleased to endow a prospective noble son-in-law with wealth sufficient
to enable him to live according to his station, so that they too
might be able to number themselves among the aristocracy. Until the
advent of Law, marriages of this kind were not only unusual, but so
strict was the line of division which separated the nobility from
all inferior ranks, that when they were celebrated, they invariably
brought social ostracism. The charms of wealth, however, removed all
scruples of caste, and we find, for instance, that the marriage of
Mlle. de Sainte-Hermine, a near relation of the Duc de la Vrilliere,
Secretary of State, whose consent was willingly given, to a _parvenu_
of the name of Panier, was celebrated without any reflection on the
ground of misalliance. But marriages of a very different class from
these were brought into favour amongst this class of suitor during
these days of financial excitement. These were known as marriages à
réméré,--marriages with right of redemption,--the distinctive feature
of which consisted in the right of the noble husband to cancel the
marriage at a future date. Marais instances the case of “the Marquis
D’Oise, of the house of Villars-Brancas, who entered into a proposal
of marriage with a little girl of two years old, daughter of André
the Mississippian. The betrothal was made with the consent of the two
families. The Marquis was to have an annuity of 20,000 livres until the
marriage took place, and even in case it never took place. If it took
place, the dowry was to be four millions. Little girls would no longer
have dolls, but asked for “Marquises of Oise to play with.”
This marriage, however, did not take place, the pretext for its
cancellation being found in the subsequent fall of André on the
collapse of the scheme. The marriage of the Count D’Evreux was of the
same class. His wife was a young girl of twelve, daughter of the famous
Crozat. The Count received a sum of 2,000,000 livres on the marriage,
but, subsequently gaining enormous profits on successful share
transactions, repaid the dowry and obtained release from the nuptial
tie.
Public-domain text, read in full here on John Shaqi.
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