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
their designs and of their ways of working than a stranger of greater
capacity could probably be. A little time will show who has judged
right. I do most heartily wish, for the good of my country, that I may
be found to have framed a wrong judgment; but I own to you I have seen
nothing yet to make me change my opinion, but on the contrary, new
things every day do confirm me that Mr. Law’s designs and the views
of this court are just what I represented them to be. You do me great
wrong if you say that I advised to break with the Regent if he did not
agree to part with Mr. Law. You will find no such thing in any of my
letters. You will find then, that I thought it was useful to endeavour
to shake Mr. Law’s credit with his master, to make his master jealous
of Mr. Law’s ambition, and apprehensive of the dangers his presumption
might lead him into; and that I thought it was fit to stand in his way,
as much as it was possible, to hinder him to gain an absolute power
over the Regent’s mind, and to obstruct his becoming first minister. I
thought it was fit to make Mr. Law lose his temper and to make him act
in passion and rage. I had not succeeded in all these views when Lord
Stanhope arrived and thought fit to demolish me and all my works at
once. As to Mr. Law, I have no ill-will to him, but as I take him to be
a dangerous enemy to my country, I am afraid time will but too plainly
show that I have judged right in this matter. As to my revocation, if
it was possible I should have a mind to stay in this country, you have
made it impracticable. You have taken all effectual ways that could be
thought of to destroy the personal credit I had with the Regent. You
have made it plain to him that I have no credit with the King, that is
to say with his ministers. Lord Stanhope has declared to Mr. Law that I
shall be recalled, so that is no longer a question. You are under the
necessity of sending another minister to this court.”
Public-domain text, read in full here on John Shaqi.
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