This time the expedition was led by Pierre Le Moyne, Sieur d'Iberville. In 1698 with two ships he sailed out from France and, after some trouble, found the mouth of the Mississippi. He did not, however, build his fort here, but on the coast of what is now the State of Mississippi. Then, leaving one of his officers and his brother in command, he sailed home again to France. While d'Iberville was away, his brother Bienville started on an expedition to explore the Mississippi. And he soon discovered that the French had taken possession none too soon, for not far from where New Orleans now stands, he fell in with a British ship. On board were a lot of French Huguenot families who had come to found a settlement on the Mississippi. Bienville talked to the captain, who told him that this was one of three ships sent out from England by a company formed of Huguenots and Englishmen who intended to found a colony on the Mississippi. They were not sure, however, whether they were on the Mississippi or not. Bienville at once assured them that they were not, but were instead on a river which belonged to Louis of France, where already the French had several settlements. The British captain believed what he was told and, much to the Frenchmen's delight, turned back. Just at the spot where this took place the river makes a bed, and because of this it was given the name of English Bend, by which name it is known to this day. D'Iberville only stayed long enough in France to gather more colonists and returned at once to Louisiana, where he founded two more towns along the coast. But the colonists sent out by Louis were of the lowest. Many of them were little more than rogues and vagabonds. The mere off-scourings of the towns, they were idle and extravagant, and the colony did not prosper. Instead of putting gold into Louis' pockets, as he had hoped, he had constantly to pour it out to maintain the colony. Of that Louis soon grew tired. Besides this he wanted all the money he could gather to carry on the war (Queen Anne's War), which was still raging. So, in 1712, he handed Louisiana over to a wealthy merchant named Crozat to make what he could out of it. Such great power was given to this merchant that he was little less than a king. He had every monopoly. Nobody in the colony could buy or sell the smallest thing without his permission, and every one had to work for him and not for themselves. But the people were by no means willing workers. They were, said one of their priests, "nearly all drunkards, gamblers, blasphemers and foes of everything that was good," and when they found that they are expected to work merely to put money into the proprietor's pocket they would not work at all. So very soon Crozat found he could make nothing out of the colony. And after some vain efforts to make it pay he gave up his charter, and Louisiana once more became a royal possession.