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
CHAPTER VIII
Law’s importance causes him to be courted by all classes.--Socially
ostracised by nobility.--Law’s conversion to Roman
Catholicism.--The part of the Abbé Dubois and the Abbé Tencin
in the conversion.--Difficulties in its accomplishment.--Law
becomes naturalised.--Law appointed Controller-General of
Finance.--Regent celebrates appointment by a distribution
of pensions.--Law honoured with the freedom of the City of
Edinburgh.--Elected member of Academy of Sciences.--William Law
brought to France and made Postmaster-General.--Law’s private
investments.--His fiscal reforms.--His introduction of free
university education.
[Illustration]
In the midst of all this excitement, gaiety and brilliance, Law himself
stood out as the one great and prominent figure in the kingdom. Court
was paid to him by all the most influential personages in France; and
by the multitude he was regarded with feelings of awe and admiration.
His chambers were crowded day after day by those who at other times
would have been in attendance upon their sovereign. Every excuse and
artifice was employed in order to obtain an interview with the great
man. “I have seen an hundred coaches at his levee in a morning, and
dukes and peers waiting for hours together to speak with him, and could
not get within two rooms of him for the crowd.” Yet through the whole
of this period of flattery and adulation he maintained the same cool
unaffected demeanour which had always characterised him, and although
given at times to treat his importunate visitors with haughtiness and
curtness, yet he was noted for his general suavity and affability
when receiving those who were strangers to him, and who had sought
introductions without credentials merely for the purpose of obtaining
pecuniary assistance. When he passed along the streets, he was followed
by crowds by whom he was greeted with cries of “Long live Mr. Law.”
Ladies of the highest rank kissed their hands to him, and even princes
rendered him obeisance in public. In fact so important had Law become
in the eyes of everyone, that he allowed himself to indulge in conduct
of a somewhat shameless character, although it was attributed simply
to boldness by those who encouraged him in it. The latter--and they
were more often than not of the gentler sex--thought they excused their
conduct in endeavouring to give it the character of a joke, and the
nobility of the period, ready at all times to sacrifice their lives to
their honour, scrupled not to sacrifice their honour to their fortune.
Public-domain text, read in full here on John Shaqi.
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