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
I am afraid our people in England think too neglectfully of Mr.
Law’s schemes. I own to you, that, as this kingdom is disposed,
there is a great odds to be laid that it will miscarry; but it is
not impossible, far from it, that it may hold long enough to do us
a good deal of mischief. Another thing I dare be bold to say--it
cannot succeed without undoing us; and if Mr. Law can compass our
ruin, I think he is in a fair way to carry through his project
in France. I know Mr. Law himself thinks so too, and that being
the case we may be very sure he will do us all the mischief in
his power. You cannot think that power is small, considering the
absolute authority he has acquired over the Regent. That being so
I am sure you will agree with me that we cannot be too attentive
to discover, prevent, and defeat the designs he may form against
us. His designs are no trifling ones; they strike at the root.
As to the behaviour of this court towards ours, it will depend
entirely upon what happens in Sicily, and upon the King of Spain’s
disposition towards the Regent, which is naturally bad, and which,
I have reason to think will not be made better by the advice he
receives from France. As to our friend the new Archbishop of
Cambray, (the Abbé Dubois) he will do Law all the hurt he can,
because he is firmly persuaded that Law is determined to turn him
out. The truth of the matter is that Law does hate and despise
him exceedingly, and it is no less true, that the Abbé has but
very little credit at present with his master, though his master
affects to say the contrary. The Abbé, with all the desire he has
to flatter himself, sees through the disguise.”
The closing letter of this correspondence shows how humiliating was the
dismissal of Lord Stair,--humiliating even to the extent of his being
denied the usual privilege of seeing his sovereign on his return--and
how complete was the triumph of Law over his former friend.
“I see plainly I shall not be able to see the King of England.
It is a great while ago since Mr. Law told his friends here,
that I should not be allowed to have the honour of seeing the
King. It is pretty hard to digest I own, if, after serving the
King very faithfully, very zealously, and with some success, I
should have the mortification not so much as to have my master’s
good countenance. However that happens to be, I am very glad His
Majesty’s affairs go so very well, and that there is so good an
understanding amongst them that serve him.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account