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
La Marquisat d’Effiat 800,000 livres.
La Terre de la Rivière 900,000 „
La Marquisat de Toncy 160,000 „
La Terre de la Marche 120,000 „
La Terre de Roissy 650,000 „
La Terre d’Orcher 400,000 „
Terre et Bois de Brean 160,000 „
Marquisats de Charleville et Bacqueville 330,000 „
La Terre de Berville 200,000 „
La Terre de Fontaine Rome 130,000 „
La Terre de Serville 110,000 „
La Terre d’Yville 200,000 „
La Terre de Serponville 220,000 „
La Terre de Tancarville 320,000 „
La Terre de Guermande 160,000 „
Hotel Mazarin, et Emplacemens Rue Vivienne 1,200,000 „
Emplacemens Rue de Varenne 110,000 „
Emplacemens de la Place Louis le Grand 250,000 „
Partie du fief de la Grange Batelière 150,000 „
Marais on Chartiers du Fauxbourg St. Honore 160,000 „
Maisons, surtout dans Paris 700,000 „
Les Domains de Bourget 90,000 „
Quelques petites terres, comme Valançay,
St. Suplice, etc. 350,000 „
Not by any means a strikingly large list for the man who had in so few
years enabled the Regent and innumerable members of the aristocracy to
accumulate vast wealth and rehabilitate the fortunes which successive
generations had squandered in reckless extravagance.
That Law did not merely use the great power and influence he had
acquired in the government of France for the purpose of promoting his
own financial schemes and his own personal advantage is evident from
the radical reforms he accomplished in the fiscal arrangements of that
country. The principles upon which he based his fiscal policy were
of the most advanced and enlightened character. They were liberal,
and consequently had strict equality for their object. The system of
taxation which prevailed not only showed many anomalies but lent itself
to the grossest abuse. Monopolies of every description abounded.
Officials swarmed throughout the country, and by their extortionate
levies upon every branch of trade checked industrial progress in every
direction. It is said that in Paris itself the number of officials
equalled the number of people engaged in the various trades they were
supposed to supervise in the interests of the nation. Free trading
intercourse was also limited by the existence of a system of provincial
protection which sought to prevent the goods of one province from
entering, except under payment of prohibitive dues, the markets of
another province.
Public-domain text, read in full here on John Shaqi.
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