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
While Law’s influence at this time was all-powerful in the government
of France, he was without any of the outward symbols of authority. He
held no office, and his influence accordingly could only be exercised
indirectly. He enjoyed the splendour of the position to which he had
attained, but did not possess any official mark of greatness. Two
obstacles existed to official advancement. His religion was not that
recognised by the State; and his nationality was foreign. Both of these
he was now prepared to renounce. The abjuration of his religion was a
step which required to be accomplished with the utmost caution. All the
elements of sincerity were lacking, and Law’s conversion was likely
to be regarded as a merely political move. There was danger moreover
of the public regarding the conversion of Law under royal auspices
in the light of a highly scandalous proceeding, and considering that
it might derogate from the high office to which he was destined and
for which the abjuration of his religion was a necessary preliminary.
There was a circumstance also in Law’s career which under ordinary
conditions would have militated against his admission to the Roman
Catholic communion, and therefore required delicate treatment. Law
had not been legally married to the lady whom he passed off as his
wife, and the law of the Church strictly required cessation of all
relations with her. This, naturally, was a course to which Law would
not assent since by her he had a son and a daughter, and since
her husband Senor was now dead for many years. It was accordingly
necessary to have a very indulgent converter, one who would not only
attest sincere conversion but would at the same time refrain from
interfering with Law’s connubial relations. An accommodating instrument
had therefore to be found, and Dubois was ready to supply him in the
person of a certain Abbé Tencin. “I shall give you,” said Dubois,
“neither a curé nor a habitué de paroisse: they are too much bound by
formularies, maxims, and rigid rules; you will have the Abbé Tencin,
a man of considerable talent whom I know intimately; he can convert
and receive into the Church Mr. Law and all his family.” The Abbé was
undoubtedly a man of talent, ambitious and witty, but unfortunately had
acquired a reputation for unscrupulousness, and a degree of dishonesty
inconsistent with his high professions. Regarded with suspicion,
and denied the friendship of those with whom his calling would have
brought him into contact, he devoted himself to intriguing on behalf
of politicians and others to whom a man of the ability and cunningness
of the Abbé was indispensable. To Dubois he was invaluable, but he
also had that minister under his control through his having compromised
himself with Madame de Tencin. The Abbé found in this a powerful lever,
and unfailingly turned it to his own advantage at every opportunity.
Law’s conversion was such an opportunity, and one which opened out a
Public-domain text, read in full here on John Shaqi.
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