tigued, with
learning, with rehearsing, and with dancing this ballet, that he took an
aversion for these fetes and for everything offering display, which has
never quitted him since, and which does not fail to leave a void in the
Court; so that this ballet ceased sooner than was intended, and the
Marechal de Villeroy never dared to propose another.

M. le Duc d'Orleans, either by his usual facility, or to smooth down the
new elevation of Law to the post of comptroller-general, bestowed a
number of pecuniary favours; he gave 600,000 livres to La Fare, captain
of his guard; 200,000 livres to Castries, chevalier d'honneur to Madame
la Duchesse d'Orleans; 200,000 livres to the old Prince de Courtenay, who
much needed them; 20,000 livres pension to the Prince de Talmont; 6000
livres to the Marquise de Bellefonds, who already had a similar sum; and
moved by cries on the part of M. le Prince de Conti, 60,000 livres to the
Comte de la Marche his son, scarcely three years old; he gave, also,
smaller amounts to various others. Seeing so much depredation, and no
recovery to hope for, I asked M. le Duc d'Orleans to attach 12,000
livres, by way of increase, to my government of Senlis, which was worth
only 1000 livres, and of which my second son had the reversion. I
obtained it at once.

CHAPTER C

About the commencement of the new year, 1720, the system of Law
approached its end. If he had been content with his bank his bank within
wise and proper limits--the money of the realm might have been doubled,
and an extreme facility afforded to commerce and to private enterprise,
because, the establishment always being prepared to meet its liabilities,
the notes it issued would have been as good as ready money, and sometimes
even preferable, on account of the facility of transport. It must be
admitted, however, as I declared to M. le Duc d'Orleans in his cabinet,
and as I openly said in the Council of the Regency when the bank passed
there, that good as this establishment might be in itself, it could only
be so in a republic, or in a monarchy, like that of England, where the
finances are absolutely governed by those who furnish them, and who
simply furnish as much or as little as they please; but in a trivial,
changing, and more than absolute state like France solidity necessarily
is wanting, consequently confidence (at least of a discreet and proper
kind): since a king, and under his name, a mistress, a minister,
favourites;