It was some time before this, however, that the king, nearing the end of his days, vexed with his wars, tired of his expensive and unproductive venture, gave over the colony into the hands and enterprise of a speculator, one Antoine Crozat, a French merchant whose purse had been open to Louis for his wars. There was a total population at this juncture (1712) of three hundred and eighty souls, about one half of whom were "in the king's pay." Crozat, the king's deputy despot, finds no better fortune than the king, and soon (1717) resigns his charter, to be succeeded in his anxieties and privileges by that famous Scotch adventurer John Law, who organized the Mississippi Company in order to enjoy the varied monopolies assembled in its charter--monopolies which would make any inhabitant of that trust-hating valley to-day fume in denouncing. It was a tobacco trust, a coinage trust, a revenue trust, a slave-holding trust, a mining trust, a trade trust wrapped in one, with an unlimited license. It was, moreover, a conscience trust, a speech trust, a religion trust, a race trust. It was, in short, the ultimate, sublimated expression of a monopolistic theory made effective in a charter. Immigration, within these restrictions, was not likely to be voluntary and eager, as was the case in New England, and, since the company was under the one compulsion of providing a certain number of colonists and slaves, immigration was forced. Every conceivable sound economic and philosophical principle was violated, and yet investors came from all parts of Europe. "Crowds of crazed speculators jostled and fought each other" before the offices of the company in the Rue Quincampoix [Footnote: A now disreputable street, or so it seemed as I walked through it one day in the dusk.] from morning till night to get their names inscribed among the stockholders, and, though five hundred thousand foreigners were attracted to Paris by opportunities for speculation, scarcely a colonist went willingly to the Eldorado of the company, whose stock was capitalized in billions and "whose ingots of gold were displayed in Paris shop-windows." There were maps of that valley to be found in abundance in Paris in those days with mines indicated on them indiscriminately. When the bubble burst, Louisiana "became a name of disgust and terror" in Europe, and doubtless thousands hoped never to hear the word "Mississippi" again, and yet it was only time that was needed to make even such wild prophecies true.