the object of all, too visibly,
being to seize upon all coin, in favour of the discredited paper, in
which nobody could any longer have the slightest confidence. In vain M.
le Duc d'Orleans, M. le Duc, and his mother, tried to persuade others, by
getting rid of their immense stores of jewels, that is to say, by sending
them abroad on a journey--nothing more: not a person was duped by this
example; not a person omitted to conceal his jewels very carefully: a
thing much more easy to accomplish than the concealment of gold or silver
coin, on account of the smaller value of precious stones. This jewellery
eclipse was not of long duration.

CHAPTER CI

Immediately after the issue of this decree an edict was drawn up for the
establishment of an Indian commercial company, which was to undertake to
reimburse in a year six, hundred millions of bank notes, by paying fifty
thousand dollars per month. Such was the last resource of Law and his
system. For the juggling tricks of the Mississippi, it was found
necessary to substitute something real; especially since the edict of the
22nd of May, so celebrated and so disastrous for the paper. Chimeras
were replaced by realities--by a true India Company; and it was this name
and this thing which succeeded, which took the place of the undertaking
previously known as the Mississippi. It was in vain that the tobacco
monopoly and a number of other immense monopolies were given to the new
company; they could not enable it to meet the proper claims spread among
the public, no matter what trouble might be taken to diminish them at all
hazard and at all loss.

It was now necessary to seek other expedients. None could be found
except that of rendering this company a commercial one; this was, under a
gentler name, a name vague and unpretending, to hand over to it the
entire and exclusive commerce of the country. It may be imagined how
such a resolution was received by the public, exasperated by the severe
decree, prohibiting people, under heavy penalties, from having more than
five-hundred livres, in coin, in their possession, subjecting them to
visits of inspection, and leaving them nothing but bank notes to, pay for
the commonest necessaries of daily life. Two things resulted; first,
fury, which day by day was so embittered by the difficulty of obtaining
money for daily subsistence, that it was a marvel all Paris did not
revolt at once, and that the emeute was appeased; second,