Meanwhile France itself was in sore straits for money. Louis XIV, that magnificent and extravagant monarch, had died and left his country beggared and in want. The Duke of Orleans now ruled as Regent for little Louis XV. He was at his wit's end to know where to find money, when a clever Scots adventurer names John Law came to him with a new and splendid idea. this was to use paper money instead of gold and silver. The Regent was greatly taken with the idea, and he gave Law leave to issue the paper money. It was quite a good idea had it been kept within bounds. But it was not kept within bounds. All France went mad with eagerness to get some of the paper money which was, they thought, going to make them rich forever. Besides issuing paper money, Law started what was known as the Mississippi Scheme or Company of the Indies in 1717. Louisiana, which had been received back from Crozat, was handed over to John Law, who undertook to settle the country, and work the gold and silver mines which were supposed to be there. Law began at once to fill all France with stories of Louisiana and its delights. Gold and silver mines, he said, had been discovered there which were so rich that they could never be used up. Lumps of gold lay about everywhere, and one might have them for the picking up. As for silver, it was so common that it had little value except to be used for paving the streets. In proof of these stories lumps of gold said to have come from Louisiana were shown in the shops of Paris. As to the climate, it was the most perfect on earth. It was never too hot, and never too cold, but always warm and sunny. The soil was so fertile that one had but to scratch it to produce the finest crops. Delicious fruits grew everywhere, and might be gathered all the year round. The meadows were made beautiful, and the air scented, with the loveliest of flowers. In fact Louisiana was painted as an earthly paradise, where nothing the heart could desire was lacking.